Toronto homes are cheaper in gold terms today versus a decade ago

Wednesday Jun 7th, 2017

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TORONTO HOMES ARE CHEAPER IN GOLD TERMS TODAY VS. A DECADE AGO - SO WHY IS NO ONE CALLING THE GOLD MARKET A BUBBLE? Jeanette Rodrigues, Bloomberg News Image courtesty of: Getty Images Toronto homes aren't that expensive, if you pay in gold.  Douglas Porter, chief economist at the Bank of Montreal, mined data showing that when expressed in terms of gold, house prices in Canada's red-hot real estate market are far from record highs. An average home in Toronto today costs... [read more]

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