08:06 AM EDT, 09/03/2025 (MT Newswires) -- Bank of Montreal (BMO) said gold's surge to record highs above US$3,500 an ounce, or more than CA$4,800, has left other asset values far behind.

Gold has now outpaced Canada's famously expensive home prices, the bank said.

Measured in gold terms, the average Canadian home price has dropped to about 140 ounces, the lowest since the early 1980s and down from more than 400 ounces through much of the 2000s, according to BMO.

The bank said the tongue-in-cheek comparison underscores that there are many effective investing options beyond real estate.