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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, June 28, 2019

Consumer insolvencies jumped in May

The number of Canadian consumers becoming insolvent in May increased by 8.6% compared to the previous month.

Figures from the Office of the Superintendent of Bankruptcy Canada show that business insolvencies were up by 0.3% month-over-month and overall insolvencies (consumers and businesses) were up 5.2% year-over-year.

Among consumers, there was an increase of 5.2% for the 12-month period ending May 31, 2019 compared with the 12-month period ending May 31, 2018.

Consumer proposals accounted for 57.7% of the insolvencies for this group with an increase of 12.1% over 12 months while bankruptcies decreased 2.9%.

Ontario led consumer insolvencies in May with 4,172. This was up 10.1% form April and up 16% from May 2018. There were also double-digit month-over-month increases for PEI (up 12.1% to 74), and Saskatchewan (up 11.7% to 295).

Quebec had the second highest number at 3,905, up 4.6% month-over-month and 3.1% year-over-year. British Columbia posted a 6.2% month-over-month rise in consumer insolvencies to 991, 4% higher than a year earlier.

Consumer insolvencies decreased month-over-month in Newfoundland and Labrador (291), New Brunswick (425), Manitoba (263), Alberta (1,401), and the Northwest Territories (4); but all showed increased compared to a year earlier.

MBN

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