Mortgage Debt vs. Home Values...Surge?

(January 31, 2015)

Here is an article that looks at each province Home Values vs Mortgage Debt in 1999 and again in 2012.  In BC prices are up 54.45% in this time span which is a surge, as is the Mortgage Debt increase of 57.98%  (a difference of 3.53% in favour or DEBT). Not surprised by the rise, but would have though the Debt load increase to have been greater, which is probably is if you broke it down by way of City (say Victoria or Vancouver).