It seems that mounting debt and unemployment are taking their toll in Alberta. Foreclosures in Alberta are up about 25% in each of the last 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 number of foreclosures in Alberta spiked back in 2013, when Edmonton saw 2,247 and the province as a whole saw 5,529. However, this past year, the number of foreclosures has exceeded even that.
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