Debt Relief Experts
2025 Consumer Insolvency Filings
This page is updated monthly as the Office of the Superintendent of Ontario releases data.
Updated for December 2025
Consumer insolvencies ended the year up only 2.3% compared to 2024 both nationally and in Ontario. Bankruptcy growth surpassed proposal growth with:
- Canadian personal bankruptcies up 4.3% and consumer proposals higher by only 1.8%
- Ontario personal bankruptcies increased by 7.7%, while consumer proposals grew by 1.1%
To understand how the profile of the average consumer insolvency changed in 2025 and why we feel insolvency growth was relatively slow, read our updated Joe Debtor Bankruptcy Study.
The month of December saw a slight uptick in growth, with year-over-year filings up 17.2% in Ontario and 14.6% across Canada. This is the first month we’ve seen significant year-over-year growth since the fall of 2024. While this might signal what is ahead, this is only a single month of such strong growth and December is typically a low volume month and was unusually slow in 2024.
Proposal share has fallen in 2025, dropping significantly in December. For the year, Ontario proposals accounted for 81% of all filings, down from 82% in 2024. Across Canada, proposal share was 78%, down from 79% a year earlier.
Our Hoyes Michalos Homeowners Bankruptcy Index averaged 8.2% in 2025, and was 7.0% in January 2026.
Ontario Consumer Insolvency Statistics by Region 2025
Ontario and Canada-wide insolvencies ended the year up 2.3%.
In total, 52,838 Ontarians filed for insolvency in 2025. Personal bankruptcies increased by 7.7%, while consumer proposals grew by 1.1%. Proposals accounted for 81% of all insolvencies in Ontario, compared to 78% Canada-wide, and down from 82% in 2024.
To understand how the profile of the average consumer insolvency changed, read our annual Joe Debtor Bankruptcy Study.
Below is a summary of insolvencies by geographic region as summarized by Hoyes Michalos based on insolvency statistics by FSA provided by the Office of the Superintendent of Bankruptcy (OSB). Regional FSA allocations may differ slightly from annual economic region data provided by the OSB as the regional data summarized by Hoyes Michalos provides additional location details than is available by economic region.
REGION* |
Consumer Insolvencies | Total Growth | Growth Bankruptcy | Growth Proposal | % Proposals |
| Canada | 140,457 | 2.3% | 4.3% | 1.8% | 78% |
| Ontario | 52,838 | 2.3% | 7.7% | 1.1% | 81% |
REGION* |
|||||
| Barrie Region | 2,526 | 7% | 37% | 2% | 81% |
| Belleville Region | 1,094 | 8% | 12% | 7% | 80% |
| Brampton | 2,736 | 11% | 13% | 10% | 83% |
| Brantford Region | 1,116 | 4% | 15% | 2% | 82% |
| Brockville Region | 403 | 5% | 57% | -6% | 73% |
| Cambridge | 563 | -7% | -15% | -6% | 84% |
| Chatham Region | 521 | -5% | 14% | -11% | 73% |
| City of Toronto | 3,1201 | -3% | 0% | -3% | 83% |
| Cornwall Region | 500 | -5% | 10% | -9% | 75% |
| Essex-Leamington Region | 245 | -22% | -20% | -22% | 77% |
| Etobicoke | 1,5379 | 2% | -8% | 4% | 83% |
| Guelph | 445 | -8% | -17% | -6% | 81% |
| Hamilton Region | 2,525 | -1% | 0% | -1% | 81% |
| Huron Region | 619 | -3% | -11% | -1% | 79% |
| Kingston Region | 687 | 3% | 14% | 0% | 78% |
| KW-Wellington Region | 1,708 | 8% | 5% | 9% | 82% |
| London Region | 2,950 | 4% | -2% | 5% | 80% |
| Markham | 773 | 1% | 30% | -4% | 81% |
| Mississauga | 2,435 | 6% | 3% | 6% | 84% |
| Newmarket & Area | 1,058 | 3% | 15% | 1% | 81% |
| Niagara Region | 1,977 | 0% | 9% | -3% | 76% |
| North Bay Region | 441 | -3% | 25% | -10% | 75% |
| North York | 3,927 | 1% | 9% | 0% | 84% |
| Burlington-Oakville Region | 1,492 | 7% | 18% | 4% | 81% |
| Orangeville & Area | 533 | 18% | 49% | 12% | 78% |
| Oshawa-Bowmanville Region | 1,987 | 3% | 11% | 2% | 83% |
| Ottawa Region | 3,805 | 6% | 21% | 2% | 78% |
| Parry Sound-Huntsville Region | 331 | -3% | 10% | -7% | 76% |
| Pembroke Region | 294 | 0% | 6% | -1% | 75% |
| Peterborough Region | 912 | -4% | -12% | -2% | 83% |
| Pickering | 934 | 10% | 0% | 12% | 85% |
| Richmond Hill | 677 | 9% | 1% | 11% | 82% |
| Sarnia Region | 445 | 12% | 21% | 8% | 73% |
| Sault Ste. Marie Region | 408 | -7% | 16% | -13% | 71% |
| Scarborough | 2,626 | -1% | -7% | 0% | 85% |
| Stratford Region | 164 | -9% | 25% | -16% | 76% |
| Sudbury Region | 967 | -7% | 2% | -9% | 76% |
| Thunder Bay Region | 574 | -7% | -2% | -9% | 78% |
| Timmins Region | 445 | -13% | -25% | -10% | 80% |
| Vaughan | 594 | 3% | 2% | 3% | 83% |
| Windsor Region | 1,223 | 1% | 18% | -3% | 76% |
| Woodstock Region | 445 | 8% | 5% | 9% | 81% |
| *Region includes surrounding rural areas | |||||
Press Inquiries
For commentary and information about consumer insolvencies and debt issues in Ontario, contact:
J. Douglas Hoyes
CA, CPA, Licensed Insolvency Trustee
Email Doug
Ted Michalos
CA, CPA, Licensed Insolvency Trustee
Email Ted
