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.
In June 2007, only 0.14 per cent (659) of a total of 458,044 were in arrears.
By contrast, the CBA data shows that across the country 0.42 per cent, or 17,090, of mortgages were in arrears of a total of just over four million in June of this year.
Hang on tight!