For the fifth consecutive month Alberta’s residential mortgages in arrears declined in June according to the most recent statistics released by the Canadian Banker’s Association.
A total of 4,091 mortgages making up 0.79% were in arrears in June, down slightly from the 4,123 or 0.81% recorded in the previous month. Back in January of this year, that figure was at 4,240 which made up 0.84% of total residential mortgages in Alberta. Year-over-year, June’s figure has risen from 3,707 / 0.73%.
Alberta Arrears (click to enlarge)
The positive trend continued across Canada where 17,028 mortgages were in arrears in June (0.41%) down from 17,121 in May. But unlike Alberta, the figure has dropped year-over-year with fewer mortgages in arrears than last June.
Canadian Arrears (click to enlarge)
To view PDF of June’s stats, please click here
To view EXCEL spreadsheet, please click here
Includes data from BMO, CIBC, HSBC Bank Canada, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Canada Trust. Canadian Western Bank and Manulife Bank (as of April 2004)
* Mortgage arrears is three or more months
