0 1 2
Apr
May June
Jul
Aug Sep
Oct
Nov Dec
Jan Feb Mar 2019
2020
2021
2022
2023
2024
Alt Text: This graph depicts Manitoba receiverships. The X axis displays the months, the Y axis displays the number of receiverships and the coloured lines on the graph represent the years. Graph highlights are detailed in the text. For further explanation of the data, please contact us. Figure 16: British Columbia Receiverships
Figure 16: British Columbia Receiverships
British Columbia Receiverships
10 12 14 16 18 20
0 2 4 6 8
Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec
2019
2020
2021
2022
2023
2024
Alt Text: This graph depicts British Columbia receiverships. The X axis displays the months, the Y axis displays the number of receiverships and the coloured lines on the graph represent the years. Graph highlights are detailed in the text. For further explanation of the data, please contact us CCAA BY PROVINCE Ontario had 11 filings in Q1 2024. This was the highest number since tracking began in 2019 and 38% more than Q1 2023. PEI had its first CCAA filing since tracking began in 2019 [not shown on the graph. Both British Columbia and Alberta had higher Q1 filings than their respective Ontario had 11 filings in Q1 2024. This was the highest number since tracking began in 2019 and 38% more than Q1 2023. PEI had its first CCAA filing since tracking began in 2019 [not shown on the graph]. Both British Columbia and Alberta had higher Q1 filings than their respective quarterly averages in 2023. The total number of CCAA filings in all provinces for Q1 2024 is 50% higher than in Q1 2023; however, the total for Q2 2024 is equal to the total in Q2 2023. - 15 - CCAA BY PROVINCE
15
Figure 17: CCAA Proceedings by Province
Figure 17: CCAA Proceedings by Province in Highest Volume Provinces
CCAA Proceedings by Province in Highest Volume Provinces
10 12
0 2 4 6 8
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Quebec
Ontario
Alberta
British Columbia
14 Final Thoughts In summary, the first half of 2024 has been characterized by increased insolvency activity across various sectors and provinces. The data underscore the ongoing economic challenges and uncertainties facing Canadian businesses. As interest rate changes continue to take effect, ongoing monitoring and analysis of the data will be crucial in understanding the long-term impact on various sectors, in particular real estate, and overall business health in Canada. Davies | dwpv.com
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