10/13/2026
More British Columbians are struggling to keep up financially.
Federal data shows consumer insolvencies in B.C. jumped nearly 14% year over year, with roughly 2,000 more people filing for bankruptcy or a consumer proposal.
Across Canada, consumer insolvencies were up 4% in August compared with the same month last year, while the 12-month total rose 5.8%.
With housing, groceries and other everyday expenses putting pressure on household budgets, the numbers highlight the financial challenges many Canadians are facing.
How are rising living costs affecting people across B.C.?