Mortgage Debt vs Home Values...Surge by Province

(January 31, 2015 )

Here is an interesting article showing Home Values vs Mortgage Debt in each province 1999 vs 2012.   BC has seen values rise during this time frame by 54.45% while mortgage debt has risen by 57.98% (a difference of 3.53% in favour of DEBT).   What surprises me is that the debt has not increased more; perhaps if broken down by city such as Victoria or Vancouver, we would a different differential.