Alberta Mortgages In Arrears Back At 2008 Levels

A total of 1,941 Alberta residential mortgages were behind in payment by three or more months in April, according to statistics released by the Canadian Bankers Association.   That’s a -15.7% drop from the 2,303 mortgages in arrears the previous year.

Alberta’s mortgage arrears rate now stands at 0.35%, the lowest it has been dating back to October 2008 and below the twenty year average of 0.46%.

Historical Alberta Mortgage Arrears

Historical Alberta Mortgage Arrears 

Note: Gray line in chart above is just to help visualize how April compares to previous months, it does not represent the 20 year average.

You can download the data for all the provinces here pdf

If you want an EXCEL spreadsheet, you can find it on CBA’s webpage here.

The CBA report includes data from BMO, CIBC, HSBC Bank Canada, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Canada Trust, Canadian Western Bank, Manulife Bank (as of April 2004) and Laurentian Bank (as of October 2010)

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