The data I have in my head are more about the regional distribution of debt. In total, we know that about 80% of Canadian household debt goes to mortgages and home equity lines of credit.
So it is very significant. Across the country, we see that the most indebted households, those whose debt is more than 450% of income, which is very high, are concentrated in regions where house prices are still very high, like Toronto, Vancouver and the surrounding areas. That is not surprising. It is also the case in Alberta because, beforehand, house prices were high there too. It is the case in a number of regions of the country where house prices are very high, and it comes as no surprise.
Certainly, in those regions, income could be higher too, because it corresponds to the cost of living. But when you look at the debt compared to income, it really is concentrated in those regions.