It seems more Calgarians and Edmontonians are having trouble paying off their debt.
Delinquency rates in Edmonton have risen by 39 per cent over the last year, and 32.2 per cent in Calgary, according to a new report from Equifax.
The increase isn’t specific to the major centres either, author Regina Malina said Alberta as a whole has seen a rise in delinquency rates. The good news though, debt rates didn’t rise significantly.
While she didn’t reference the Fort McMurray wildfire specifically in the report, it has had an effect.
“We can see that the region has gone through a very stressful situation, and I think it does have an impact on the region as a whole.”
She expects things to improve in Fort McMurray as the rebuild and recovery continues over the next few years.