British Columbia holds highest average mortgage debt

Homeowners in British Columbia and Alberta have the highest average mortgage debt according to StatsCan data.

Mortgage Debt

Based on the most recent available figures, from 2012, BC households had an averaged $241,800 in mortgage debt, while Alberta followed behind with an average of $205,200. These numbers sych with the rising value of real estate assets.

Moving east, Ontario’s figure was $173,000 while the lowest average mortgage debt was New Brunswick at $83,000