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.