More than one in nine of Canada’s homes are heavily indebted because of the country’s housing boom, Bloomberg reports.

Data from polling firm Ipsos Canada, presented in a handy Bloomberg chart, shows that a whopping 13.5 per cent — or more than one in eight — of Canadian households had a debt-to-income ratio of 250 per cent or more in 2012.

canada household debt

That percentage began ascending steadily from 2006 to 2012, but estimates from Ipsos show that it had dropped to 11.4 per cent in the first quarter of 2013.

But that’s still one in nine homes being “highly indebted,” as the Bank of Canada calls them, owing two and half times or more of their annual income to mortgages, credit cards and other forms of debt.

Bank of Canada Deputy Governor Timothy Lane says while there has been some “moderation” in household indebtedness, the risk hasn't disappeared, according to the Wall Street Journal.

"We are seeing a moderation over the last year in both the build up in household sector indebtedness, and also the imbalances in the housing markets, but that doesn't mean that the risk has disappeared," he said.

"It's still a risk that we're watching quite closely."

Canada’s average household debt-to-income ratio fell to 161.8 per cent in the second quarter of 2013, the Financial Post reported.

It was 66 per cent in 1980, according to Statistics Canada.

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  • 14: Vaughan, ON - $17.8 million

    Six bedrooms and 12 bathrooms in this house the realtor describes as a veritable "Versailles" in the Toronto suburbs. Amenities include a seven-car garage, a "Ferrari room" (can you keep any other cars there?), handpainted sculptures and ceilings, and a heated indoor pool.

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 14: Vaughan, ON - $17.8 million

  • 13: Toronto, ON - $19 million

    This two-story, 10,000-square-foot condo in the heart of Toronto's super-ritzy Yorkville neighbourhood boasts four bedrooms, five baths and 5,000 square feet of terraces. One feature that could make many Toronto commuters jealous is the parking availability — the condo comes with four spots.

  • 13: Toronto, ON - $19 million

  • 13: Toronto, ON - $19 million

  • 13: Toronto, ON - $19 million

  • 13: Toronto, ON - $19 million

  • 13: Toronto, ON - $19 million

  • 13: Toronto, ON - $19 million

  • 12: Vancouver, BC - $19.7 million

    Though it might look like a bungalow from some angles, this is actually a three-story house located on UBC's endowment lands. Eight bedrooms and eight bathrooms on some 11,500 square feet. Not to mention an indoor pool and a view of the ocean.

  • 12: Vancouver, BC - $19.7 million

  • 12: Vancouver, BC - $19.7 million

  • 12: Vancouver, BC - $19.7 million

  • 12: Vancouver, BC - $19.7 million

  • 12: Vancouver, BC - $19.7 million

  • 12: Vancouver, BC - $19.7 million

  • 11: Vancouver, BC - $19.8 million

    This penthouse unit in Vancouver's tallest waterfront tower features a media room, a climate-controlled wine room and views in all directions from multiple terraces. Four bedrooms and five bathrooms on 6,000 square feet of living space.

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 11: Vancouver, BC - $19.8 million

  • 10: Vancouver, BC - $19.8 million

    For a house of this price, the 3,400 square feet of living space and four bedrooms might seem less than impressive. But then, the house sits on a 75,000-square-foot lot overlooking the ocean. In Vancouver's Point Grey neighbourhood, that's enough to crown you king. For a wealthy investor, this property could be an ideal "tear-down." Sadly, only two pics available of this house.

  • 10: Vancouver, BC - $19.8 million

  • 9: Vancouver, BC - $19.9 million

    The selling agent promises "360 degree panoramic views of Coal Harbour, mountain, Stanley Park & the city" in this 6,000-square-foot, three-bedroom penthouse. Features include a double-height living room, a rooftop jacuzzi and ensuite bathrooms in each bedroom.

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 9: Vancouver, BC - $19.9 million

  • 8: West Vancouver, BC - $19.9 million

    OK, this is NOT actually the house for sale. There is no house on this property; it's a vacant lot. The pictures depicted in the realtor's ad, of this rather extravagant property, are actually artist's renderings. But the renderings <a href="http://www.vancouverobserver.com/city/realestate/38-million-listing-featured-fake-mansion" target="_blank">caused some confusion earlier this year, with the realtor being accused of running a "fake" ad</a>. So rather than show you pictures of a vacant, $19.9-million lot, here are the artist's renderings of the non-existent, ninth-most-expensive house for sale in Canada.

  • 8: West Vancouver, BC - $19.9 million

  • 8: West Vancouver, BC - $19.9 million

  • 7: Kelowna, BC - $20 million

    Only four bedrooms and two baths in this property in B.C.'s Okanagan Valley. But the property sits on more than 100 acres, and features a massive dock and a waterfall with guest houses near each.

  • 7: Kelowna, BC - $20 million

  • 7: Kelowna, BC - $20 million

  • 7: Kelowna, BC - $20 million

  • 7: Kelowna, BC - $20 million

  • 7: Kelowna, BC - $20 million