This page is updated monthly as the Office of the Superintendent of Ontario releases data.
Updated for June 2026
2026 Consumer Insolvency Filings
Consumer insolvency growth stalled in July, following June’s strong increase. Ontario insolvencies rose a modest 2.6% year-over-year, while Canada-wide filings fell 0.7%. Filing volumes, however, remain elevated, with Ontario recording 4,908 consumer insolvencies in July, the highest July since 2009.
The mix between bankruptcies and consumer proposals remains weaker than a year ago. In Ontario, consumer proposals accounted for 78% of insolvencies in July, down from 81% in July 2025. Nationally, the proposal share declined to 77%, from 79% a year earlier. The lower proposal share continues to indicate a relative shift toward bankruptcy among insolvent consumers.
Year-to-date, Ontario consumer insolvencies are up 10.8% over the first seven months of 2025, and Canadian filings are up 6.4%. We expect filing volumes to remain elevated through the balance of the year, even as reported year-over-year growth rates moderate. July’s slower growth largely reflects comparisons against the heavier filing volumes recorded in 2025, rather than a significant decline in the number of consumers filing insolvency.
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 continue to rise while proposal volumes stall, it indicates that a growing share of insolvent debtors either lack the 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 14.9% in August, a high not seen since April 2016.
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