Alberta Mortgage Arrears Decline Further

More good news about Alberta’s housing market.  According to the latest Canadian Bankers Association data, the percentage of mortgages in arrears in Alberta in November was 0.38%, down from 0.51% the previous year and from the 0.4% the previous month.

Of 557,374 total residential mortgages in the province, 2,114 were behind in payments by 3 or more months. The arrears rate is now at the lowest level since November 2008.

Alberta Mortgage Arrears - November 2013 (click to enlarge)

Alberta Mortgage Arrears – November 2013 (click to enlarge)

The arrears rate for Canada remained at 0.31% for the 4th straight month and was a slight improvement from the 0.32% recorded the previous November.

Canada Residential Mortgage In Arrears

Canada Mortgage Arrears – November 2013 (click to enlarge)

You can view data for all the provinces here pdf

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s