Albertans Paying Their Mortgages, Arrears Rate Falls

Fewer Albertans were behind on their mortgage payments by 3 or more months in October according to data released by the Canadian Bankers Association.

Alberta’s mortgage arrears rate improved to 0.4%, the lowest it has been since December 2008.  Arrears in the province have been on a steady decline since peaking in January 2011 at 0.84%.

For Canada overall, the arrears rate remained steady at 0.31% in October.

Download the data for all the provinces here pdf

Alberta continues to steadily recover

Alberta continues to steadily recover

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