“For someone already under financial strain, it does not always take a major crisis to trigger insolvency,” Cowan explained.<\/p>\n
“A job disruption, missed payment, rent increase, relationship breakdown, or unexpected expense can be enough to push someone past the point where they can recover on their own.”<\/p>\n
Provincially, British Columbia recorded the steepest year-over-year increase in consumer filings, rising 16.2% to 4,234 insolvencies \u2014 a figure that will resonate with brokers operating in one of Canada’s most expensive housing markets.<\/p>\n
Ontario followed with a 14.7% increase to 13,913 filings, while Prince Edward Island saw a 15.3% jump to 166 filings.<\/p>\n
The 12-month picture is similarly telling: for the period ending March 31, 2026, consumer insolvencies were 4.2% higher than the equivalent period a year earlier, suggesting the trend is not a seasonal blip but a sustained upward trajectory.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"“For someone already under financial strain, it does not always take a major crisis to trigger insolvency,” Cowan…\n","protected":false},"author":2,"featured_media":423349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,217216,217214,219,111,139,69,217215],"class_list":["post-423348","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-canadian-association-of-insolvency-and-restructuring-professionals-cairp","tag-canadian-insolvency-rate","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-office-of-the-superintendent-of-bankruptcy-osb"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/423348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=423348"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/423348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/423349"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=423348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=423348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=423348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}