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PostPosted: Wed May 17, 2017 4:46 pm 
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Foreclosures in Alberta up about 25%

Alberta | May 16th,2017 | Professional Real Estate Investors Group (PREIG) Canada

More and more Albertans have or are in danger of losing their homes to their mortgage lenders

Foreclosures are on the rise, up by about 25% annually over the past two years. Statistics from the province show a total of 5,746 properties were foreclosed on between April 1, 2016 and March 31, 2017.
Of those, 2,277 were in Calgary and 2,523 were in Edmonton.

The Alberta total for the same time period the previous year was 4,556. In 2015, the total was 3,675.

As of February 2017, there were 2,736 mortgages in arrears in Alberta. That represents less than half a per cent (0.47 per cent) of total mortgages. It’s still a three-year high, but below the January 2011 peak of 0.84 per cent.

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DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.


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