“Real” Gold (click image)

The chart above shows the “real” price of the TSX real estate index (RE/CCI green dotted plot line) and the “real” price of the TSX gold index (Gold/CCI yellow dotted plot line).

Real Housing Price (click image)

The chart above shows the “real price” of Vancouver, Toronto & Calgary SFDs when looked at from the point of view of the BoC Canadian Commodity Index (CCI) and Borrowing Costs (retail 5yr Mortgage) which are the main input costs apart from operating expenses and tax.

Real Housing Price (click image)

In August 2017 a single family dwelling in the hot metros of Vancouver, Calgary and Toronto is 21% cheaper if purchased in USD as opposed to CAD. They were 28% cheaper in February 2016 and at the March 2009 Pit of Gloom, prices were 21% cheaper in USD.

Also related: 

The Toronto housing bubble: calm or carnage?