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NCS Credit Lien Index 2022 Q4

kalford January 16, 2023

NCS Credit Lien Index 2022 Q4

The Lien Index increased 3 points in Q4 2022 to 47, a 7% increase over Q3 2022 and 34% increase year over year. The driving force behind the rise in mechanic's lien activity came from the South, where activity increased by 15%. The  West also contributed to the overall increase in lien activity; though, its lien activity increased at a more moderate rate of 3%. The Midwest saw a 5% decrease in activity and the Northeast had a dramatic dip of 9%. Throughout the last year, economists warned of the toll of high interest rates and possibility of recession, and we are now beginning to see significant signs of slowdown ahead. Download the full report for details.

 

Provincial Construction Payment Rights in Canada

Discover your payment rights on provincial construction projects in Canada, including how to secure bond claim rights and navigate Public Works Act claims.

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A Quick Guide to Mechanic's Lien Rights in Canada

Explore the essentials of securing mechanic's lien rights in Canada, including deadlines, notice requirements, and key provincial variations.

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Know Your Customer. Protect Your Cash Flow in Any Economy.

Strengthen credit relationships by knowing your customer and using UCC filings & mechanic's liens. Learn how to protect your business in any economy.

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