This page is updated monthly as the Office of the Superintendent of Ontario releases data.
Updated for June 2026
2026 Consumer Insolvency Filings
Consumer insolvencies rebounded in June after a subdued May. Ontario insolvencies increased 14.3% year-over-year, while Canada-wide filings rose 11.8%.
Bankruptcies continue to drive the growth. In Ontario, consumer bankruptcies increased 25.5% compared to an 11.4% increase in consumer proposals. Across Canada, bankruptcies rose 14.0%, while proposal filings increased 11.1%. As a result, the share of insolvencies filed as consumer proposals declined to 77.5% in Ontario, down from 79.5% a year ago, and to 77.5% nationally. At 1,142 filings, June was the heaviest month for Ontario consumer bankruptcies since December 2019.
We expect filing volumes to remain elevated through the balance of the year. Reported year-over-year growth rates, however, are likely to moderate as comparisons are measured against the heavier filing volumes recorded in the later half of 2025.
The persistent gap between bankruptcy and proposal growth remains the clearest insolvency signal to monitor. A consumer proposal requires enough monthly income to sustain payments over several years. When bankruptcies grow at more than twice the rate of proposals, it indicates that a rising share of insolvent debtors have either insufficient surplus income to make a proposal to creditors or are concerned about the long term stability of that income.
Our Homeowners Bankruptcy Index rose to 12.4% in July, more than double the 5.6% recorded in July 2025. The index has now held above 10% for four consecutive months, and in eight of the past ten.
Ontario Consumer Insolvency Statistics by Region 2025
In 2025 52,838 Ontarians filed for insolvency. Year-over-year personal bankruptcies increased by 31.1%, while consumer proposals grew by 16.8%.
To understand the profile of an average Canadian in consumer insolvency, 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% | 79.5% |
| Ontario | 51,637 | 2.3% | 7.7% | 1.1% | 80.1% |
REGION* |
|||||
| Barrie Region | 2,360 | 26% | 10% | 30% | 85% |
| Belleville Region | 1,011 | 10% | 4% | 11% | 81% |
| Brampton | 2,470 | 24% | 43% | 21% | 83% |
| Brantford Region | 1,069 | 24% | 53% | 20% | 83% |
| Brockville Region | 382 | 25% | -17% | 40% | 82% |
| Cambridge | 608 | 22% | 25% | 22% | 83% |
| Chatham Region | 550 | 7% | 20% | 3% | 77% |
| City of Toronto | 3,201 | 18% | 10% | 20% | 83% |
| Cornwall Region | 524 | 31% | 34% | 30% | 78% |
| Essex-Leamington Region | 313 | 5% | 15% | 2% | 77% |
| Etobicoke | 1,509 | 14% | 34% | 10% | 81% |
| Guelph | 484 | 12% | 28% | 8% | 79% |
| Hamilton Region | 2,550 | 19% | 22% | 18% | 81% |
| Huron Region | 641 | 23% | 18% | 24% | 77% |
| Kingston Region | 668 | 12% | -13% | 21% | 80% |
| KW-Wellington Region | 1,577 | 19% | 35% | 16% | 81% |
| London Region | 2,850 | 19% | 38% | 14% | 78% |
| Markham | 762 | 15% | 19% | 15% | 85% |
| Mississauga | 2,305 | 14% | 19% | 13% | 84% |
| Newmarket & Area | 1,023 | 20% | 31% | 19% | 83% |
| Niagara Region | 1,976 | 21% | 16% | 22% | 78% |
| North Bay Region | 454 | 2% | -14% | 6% | 80% |
| North York | 3,881 | 24% | 27% | 24% | 85% |
| Burlington-Oakville Region | 1,397 | 21% | 16% | 23% | 82% |
| Orangeville & Area | 451 | 36% | 65% | 31% | 82% |
| Oshawa-Bowmanville Region | 1,927 | 17% | 19% | 17% | 84% |
| Ottawa Region | 3,592 | 15% | 0% | 19% | 81% |
| Parry Sound-Huntsville Region | 343 | 20% | 24% | 19% | 79% |
| Pembroke Region | 293 | 8% | 25% | 3% | 76% |
| Peterborough Region | 950 | 24% | 0% | 30% | 82% |
| Pickering | 850 | 28% | 61% | 23% | 84% |
| Richmond Hill | 620 | 37% | 58% | 33% | 80% |
| Sarnia Region | 399 | 3% | -11% | 8% | 75% |
| Sault Ste. Marie Region | 437 | -3% | -31% | 11% | 77% |
| Scarborough | 2,665 | 19% | 27% | 18% | 84% |
| Stratford Region | 180 | 2% | -26% | 10% | 82% |
| Sudbury Region | 1,039 | 10% | 14% | 9% | 78% |
| Thunder Bay Region | 618 | 1% | -9% | 4% | 79% |
| Timmins Region | 512 | 2% | 48% | -7% | 77% |
| Vaughan | 577 | 28% | 20% | 30% | 83% |
| Windsor Region | 1,210 | 5% | -3% | 8% | 79% |
| Woodstock Region | 420 | 14% | 24% | 12% | 80% |
| *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