Quote:
Originally Posted by Pablothegreat
Thank you for this data. Just looking at the short term, in 2015, looks like mortgages in arrears hovered around 1,500-1,600. In 2016, they are jumping into the 1,800-1,900 in just a few months - touching the 2,000 in April. Wonder what the numbers are for May-Aug.
|
Yes, thanks for this data. Would you know how one would get updated data? This current recession has been a much slower correction in housing prices compared to 2008 to 2010 but a correction is clearly discernible. From this data, one can see why. The credit crunch in 2008 resulted in a double in the number of arrears in Alberta within just 10 months, and a tripling in just over a couple of years. In this recession, we have not even reached a double yet.