Millionaire Metric

Posted by Brian Ripley's Canadian Real Estate Charts

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Vancouver, Calgary & Toronto Single Family Dwellings and a Millionaire all priced in CA$ Gold

The chart above shows Vancouver, Calgary and Toronto single family dwellings as well as the value of a Millionaire all priced in ounces of CA$ gold. It attempts to look for breakouts or breakdowns in the hot Canadian real estate markets when valued in a globally traded “currency”. Bullion attracts investment when credit markets contract because of its classic use as a hedge against currency depreciation and its ability to act as a store of value.

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