For the second straight month the amount of residential mortgages in arrears fell in Alberta according to the CBA.
In May, there were 3,296 mortgages behind in payments by 3 or more months, down from 3,418 in April.
The arrears rate dropped from 0.65% in April to 0.63% in May.
Alberta is back to 2009 levels both in terms of number of mortgages in arrears and in % of arrears to total number of mortgages.
In Canada as a whole, arrears dropped to 14,847 (0.34%) from 15,367 (0.35%) in the previous month.
You can download the entire report here