Annual Consumer Insolvency Rates in Nova Scotia

(Per 1,000 Population Aged 18 Years and Older)

Nova Scotia
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Insolvency 6.9 6.1 5.7 6.2 7.0 6.9 7.8 7.5 7.3 7.8
Bankruptcy 5.6 4.8 4.3 4.4 5.0 4.8 5.5 5.0 4.5 4.1
Proposal 1.3 1.3 1.4 1.8 2.0 2.1 2.3 2.5 2.7 3.7
Cape Breton
Insolvency 9.0 7.9 6.3 6.2 7.7 8.1 11.1 10.2 10.5 10.9
Bankruptcy 7.0 5.8 4.3 3.8 4.7 4.4 6.9 5.6 5.7 5.2
Proposal 2.0 2.1 2.0 2.4 3.0 3.8 4.3 4.6 4.8 5.6

Data from 2020 For Sydney, Nova Scotia

2019 Data
Population 29,904
Average Credit Score 638
Median Income $71,044
Average Home Price $232,500
Median Mortgage -
Insolvency
Total Insolvencies: 588 *- 85%
Av Assets / Insolvency $70,4469 - $12,837
Av Liabilities / Insolvency $92,353 - $14,495
Debt Ratio: 131% + 3%
Bankruptcy
Bankruptcies 273 - 92%
Av Assets $49,387 - $2,755
Av Liabilities $87,817 - $11,212
Debt Ratio: 178% - 12%
Consumer Proposals
Consumer Proposals 315 -79%
Av Assets $88,740 - $23,524
Av Liabilities $96,284 - $17,829
Debt Ratio: 102% + 7%