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Mortgage arrears soar in Alberta; consumers live cheque-to-cheque

Posted by Jeff Campbell on Monday, September 20th, 2010 at 11:23am.

The number of Albertans behind on their mortgages has risen dramatically in the past three years with the province sporting by far the highest rate in the country. According to data as of June by the Canadian Bankers Association, there were a total of 500,429 mortgages in Alberta, through banks belonging to the association, and 3,707 of those, or 0.74 per cent, were considered to be in arrears of three or more months.  

Hidden Valley is a community of Calgary, Alberta.  We specialize in Hidden Valley Real Estate . If you have any questions about the Hidden Valley real estate market, or Calgary Real Estate market, Hidden Valley homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit www.HiddenValleyRealEstate.ca your Hidden Valley Real Estate experts!

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