Vancouver, Calgary and Toronto Detached Housing Priced in Gold
In January 2014 the spot price of gold picked up again after testing the June 2013 support. So far so good, real estate priced in gold is making another attempt to deflate.
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. This chart attempts to look for breakouts or breakdowns in the hot Canadian real estate markets when valued in a globally traded “currency”.
….for CDN Real Estate priced in Interest Income and Stocks go to the Chart Book Index