I recently came across a great article written by Sandi Smith, CPA and President of Brainways Training & Development. Sandi is a well-known authority and respected member of the accounting and technology industries, respectively.
For all things accounting and bookkeeping.
It appears that old saying, “what goes up, must come down” is playing true for Vancouver’s current housing market. For the past five years, the Lower Mainland has seen a very steady increase in home sales, coupled with very high selling prices. Back then a modest one-bedroom condo in Vancouver’s trendy Yaletown District would fetch an average price of around $225K. Late last year that same property could be had for close to $375K and there was no shortage of punters, either.