Saskatchewan has the highest rate of mortgage arrears at four times national average
Today, Official Opposition Leader Carla Beck and Housing Critic Meara Conway called on Scott Moe’s Sask. Party government to address Saskatchewan’s nation-leading mortgage default rate and implement an affordable housing strategy amid Saskatchewan’s affordability crisis.
“Saskatchewan should be the best place to live and work in Canada,” said Beck. “Sadly, more and more Saskatchewan people are struggling to keep a roof over their heads as Scott Moe makes life more expensive by increasing taxes and hiking power and energy bills.”
The Official Opposition was today joined at the Legislature by Jennifer Fuller. Jennifer was evicted after her landlord defaulted on her own mortgage this fall. The latest report from the Canadian Bankers’ Association suggests that Jennifer’s story is far from unique. Saskatchewan has the highest rate of mortgage arrears in the country at four times the national average.
“Scott Moe’s Sask. Party government is sitting on a pile of cash because of high oil and potash prices while hardworking people who don’t normally struggle are having a hard time balancing their kitchen table budgets at the end of every month,” said Conway. “When more and more Saskatchewan people can’t keep up on their bills and lose their homes due to no fault of their own, you know Moe’s affordability plan simply isn’t cutting it.”
The Saskatchewan NDP called on Scott Moe’s Sask. Party government for a comprehensive affordable housing strategy, adding to the suite of affordability measures proposed since March, including:
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