The number of Alberta mortgages in arrears fell for the third consecutive month according to the Canadian Banker’s Association report released today.
In June there were 3,193 mortgages behind on their payments by 3 or more months, down from the 3,296 recorded in May. That puts June’s percentage of arrears to total number of mortgages at 0.61% which is the lowest it has been since June 2009.
Still, at 0.61%, it’s the highest percentage of all the provinces. BC and the Atlantic were the next highest at 0.43%. Canada-wide the arrears rate was 0.33%
You can download the entire June 2012 Mortgages in Arrears Report here