If so, investing in Toronto RE or investing in Gold?
The number doesn't lie.
Year 2005: Gold: $600 CAD/oz; Toronto AV House: $335k = 558 oz of gold
Year 2022: Gold: $4,755 CAD/oz; Toronto AV House: $1.27M ( Peaked) = 267 oz of gold
Year 2025: Gold: $4,613 CAD/oz; Toronto AV House: $1M = 217 oz of gold
Year 2035: Toronto AV House: 1.6M (expecting); What will the gold price be then?
The Toronto house price is declining in terms of the gold price.
Question is: Are you expecting a rental income stream? (A side job if you manage the rental property yourself). Or expecting capital gains from RE when you invest it? If it is capital gains, investing in RE or Gold?