How much gold would buy you a Toronto home today?

Toronto

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 just over 540 ounces of gold, well below the record 655 ounces in 2005, Mr Porter found.