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 2019 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: 1090 *up 3.2%
Av Assets / Insolvency $83,306 up 10%
Av Liabilities / Insolvency $106,847 up 10%
Debt Ratio: 128% down 1%
Bankruptcy
Bankruptcies 525 down 8.7%
Av Assets $52,142 up 9.3%
Av Liabilities $99,029 up 6.9%
Debt Ratio: 190% down 5%%
Consumer Proposals
Consumer Proposals 565 up 17.5%
Av Assets $112,264 up 3.4%
Av Liabilities $114,113 up 10%
Debt Ratio: 102% down 1%