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ARTICLE · 21 NOVEMBER 2024

2019 – 2024 Data Trends - Davies Insolvency Now, Issue 11

Davies Ward Phillips & Vineberg LLP
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Overall, we are seeing a marked increase in filings, but we are not yet seeing the level of sector-specific distress one might expect. Personal insolvency rates have risen faster than corporate rates.

CanadaInsolvency/Bankruptcy/Re-Structuring
Natasha MacParland
Natasha MacParland
Robin Schwill
Robin Schwill
Stephanie Ben-Ishai
Stephanie Ben-Ishai
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In this issue of Insolvency Now, we report on the data trends we are seeing at this point in 2024 in comparison with when we first started tracking data in 2019. Overall, we are seeing a marked increase in filings. However, we are not seeing the level of sector-specific distress that might have been expected in these filings. For example, we have not yet seen an impact on commercial real estate filings resulting from rising interest rates and changing work patterns that have affected commercial real estate values and occupancy rates. This effect will likely take time to be reflected in the data, with delayed response times to interest rate increases and cuts. In addition, we aren't seeing a clear-cut pattern in retail and hospitality – sectors that continue to face significant challenges resulting from increased online competition and the lingering effects of the pandemic.

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