The costs are not regionally neutral. The costs are spread across the country. Alberta may have a lower risk than B.C. does, but it's the same cost to refinance a home—an uninsured mortgage, too—or to purchase a home with 20% down or more, for somebody from British Columbia as it would be for someone from Alberta or anywhere else in the province. The cost to the consumer is the same.
On February 8th, 2017. See this statement in context.