"LUXURY SALES EXPECTED TO CLIMB IN SECOND QUARTER AS PENT-UP DEMAND BUOYS REAL ESTATE ACTIVITY"

Three Important Trends:

  1. Demand has increased.
  2. Sidelined Buyers are Back.
  3. Activity is Expected to Rise.

The RE/MAX Luxury Report for 2023 is located at this link HERE

My market update is below for all Whistler properties over $3,000,000CAD.

RE/MAX Luxury Report
Being one-third into 2023 at 21 listings, we are on track to reach about 63 sales of properties over $3M in 2023.  This should put us ahead of 2023 however, almost half of 2021 sales.  The number of active listings is up, however, we are seeing a softening of prices with a much bigger difference between the list and sale prices for the first half of 2023.  

If you have any questions, please…

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Just Listed Horstman House 2 bedroom 1/4 Share Condo

211G3 Horstman House brochure


Find out more about Horstman House quarter share condos for sale, and this luxurious listing, on my website at https://www.whistler-realestate.ca/horstman-house-condos-for-sale

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Does the Underused Housing Tax apply to you for 2022?


Below is a copy of an email sent by BDO Whistler (my favourite local accountants for everything related to taxes etc)  with regard to the new Underused Housing Tax policy.  You can read their email in detail (Thanks Joanna!) to determine if you need to file.  Be aware that the deadline for filing this form is May 1, 2023

The link to the form is HERE


Subject: IMPORTANT – The new Underused Housing Tax may apply to you for 2022!
Date: 8 March 2023 at 4:17:41 AM GMT+9

Dear BDO Client,   A new federal Underused Housing Tax (UHT) has been introduced that may require a UHT Return filing  no later than May 1, 2023, for the 2022 calendar year. The 1% UHT is intended to apply to non-residents on…

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Can Foreigners (non-residents of Canada) Buy Property in Whistler?

YES!

There is no restriction on who can buy a property in Whistler.   The 2 year restriction for foreign buyers are related to towns with larger populations and Whistler is still a small town!  Did you know that our population is just under 14,000 full time residents and approximately 10,000 more of second home owners?  We can host up to 60,000 people at prime tourism seasons (including our regular population).

Based on the 2021 census information, Whistler is not located within a "Census Metropolitan Area" nor a "Census Agglomeration" - both of which are populations of more than 100,000.

If you would like to read the actual legislation, here's the link.  Click HERE

Denise

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Is Buying A Property in Whistler a Good Investment?


Buying a property in Whistler can be a good investment for several reasons.

Whistler is a world-renowned destination for winter sports such as skiing and snowboarding, and also offers a range of summer activities like golfing, hiking, and mountain biking. This makes it a highly attractive location for people looking to own a vacation property or a rental property to capitalize on the strong demand for short-term rentals.

Whistler has a limited supply of housing due to strict zoning regulations and environmental protections, which can create a strong market for real estate. The demand for properties in Whistler has historically outpaced the supply, which has led to an increase…

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Whistler Quarter Share Condos and Townhomes Market Update

3 Year Market Comparison

  • Average List Price and Average Sale Price
  • Average days on the market i.e., average days to sell a home in Whistler
  • The number of Whistler quarter share condos and townhomes sold each year
  • 2021, 2022 and year to date 2023

Whistler quarter share condos

To find out more contact me for detailed information https://www.whistler-realestate.ca/contact

 Denise

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