13 Charts on CDN Housing & Related Markets

Posted by Canadian Housing Price Charts

Share on Facebook

Tweet on Twitter


Vancouver, Calgary and Toronto Detached Housing Priced in Gold


The chart above shows Vancouver, Calgary and Toronto detached housing priced in ounces of gold valued in CA$. Bullion attracts investment when credit markets contract because of its classic use as a hedge against currency depreciation and its ability to act as money, a store of value. The Millionaire Metric allows you to see what your dollar is worth and the (declining) amount of gold you need to be a millionaire. In May 2013 the spot price of gold continued to plunge driving the cost of real estate up in relation. So far it’s been a year and a half correction. In terms of value it requires 36% less gold to be a millionaire than it did 5 years ago.

…..view 12 more Real Estate Charts HERE