Insolvency volumes hit highest rates since 2009, Equifax warns

I’m watching a clear warning sign in Canada’s consumer credit market: Equifax says insolvency volumes hit their highest level since 2009, with homeowners under the most strain.

The pressure is showing up in higher homeowner insolvencies, more consumer proposals, and rising delinquent balances, especially in high-cost provinces like Ontario and British Columbia.

If you care about cash flow, this is a reminder that elevated rates and housing costs are still squeezing household balance sheets, even as some consumers are tightening spending.

The business takeaway is simple: when household debt stress rises, payment risk, credit tightening, and cautious spending often follow.

Source: https://www.bnnbloomberg.ca/business/economics/2026/05/26/insolvency-volumes-hit-highest-since-2009-amid-strain-among-homeowners-equifax/

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