Denise prepares a short newsletter that is also posted to her blog every 7 to 14 days with the latest listings, big price changes, and sales.  Also includes a paragraph of real estate stats, her favorite listing, and other important information on buying or selling in Whistler BC Canada.


BC & Canada Government image

CANADIAN & BRITISH COLUMBIAN GOVERNMENT LEGISLATIVE CHANGES COMING JANUARY 2023

Foreign Buyer Ban

Beginning January 1, 2023, non-Canadians will be banned from buying residential property across Canada for two years. Although the federal government has still not released supporting regulations at this point, the Canadian Real Estate Association and BCREA will notify REALTORS® as soon as any guidance is released.  There are some exceptions (and Whistler may be one of them), full details won't be available to us until January 1st (frustrating I know!)

Click HERE to read the full article.  


Home Buyer Rescission Period

Also beginning January 3, 2023, The HBRP provides buyers an opportunity to rescind their contract to purchase certain…

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Bank of Canada


Bank of Canada Increased Interest Rates Today

Bank of Canada raised its bank rate today to 4.25%.  Read about inflation, GDP (Gross Domestic Product), CPI (Consumer Price Index) ad more in their latest press release HERE My recommendation if you are looking at purchasing or expect to refinancing in the near future is to lock in at  the best short term interest rate available for a year or 2 year term as the interest rate is expected to go down in 2024.  Still amortize your mortgage over 25 or 30 years, but give yourself the opportunity to negotiate with the bank who has already approved you.  Ask them for a lower interest rate when you see the interest rates start to go down again. Also read the fine print of your mortgage.  It…

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https://www.Whistler-RealEstate.ca
 
4090 Whistler Way,
Whistler BC

I have just created THE source for everything Westin Resort & Spa on my website

Check out https://www.whistler-realestate.ca/westin-for-sale for everything you can possibly think of to read or review when buying or selling in the Westin Hotel Whistler.

  1. Current suites for sale

  2. Hotel Management Agreement

  3. Assumption & Assignment Agreement

  4. Friends & Family rates

  5. Owner nightly rate

  6. November 12 spreadsheet analysis of active and sold suites

  7. Lawyer Closing Document

  8. Realtor Info Package

  9. New Owner Info…

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Buyer Origin USD to CAD

Buyer origin 2022



A quick review of buyer origin graphs above:

  •       Canadians have always been the biggest buyers of Whistler real estate.
  •       Canadian buyers reached a high of 91.45% in 2020 and 95.86% in 2021. 
  •       Lower Mainland/Vancouver have been the largest portion of this population.  Approximately 10% comes from the rest of Canada.
  •       Over time the average percentage of Canadian buyers of Whistler real estate was between 82% to 86%.
  •       Buyers from the USA peaked in 2016 at 10.5% and in 2019 at 10.24%. 
  •       The balance of buyers is mixed between UK, Mexico, Australia and Asia
  •       So far in 2022 USA has been over 7% of buyers and it this is expected to rise due to the weak Canadian dollar…

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Wealth simple logo

Should you pay down your mortgage or invest in the stock market?

I just reviewed a great article that I wanted to share with you.  And the answer to the above question .... it depends. 

What is your mortgage interest rate?  How long until you retire?  How much money have you already invested in your TFSA or RRSP?  Wealthsimple has put together a great summary and table that can help you decide.  Take a look here



Sneakpeak:  it's always good to pay down your mortgage to increase your equity so that you have options if you want to invest in other properties.  And to decrease your overall debt as you head toward retirement.


Best

Denise

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How do I sell my home for more money

Marketing your home

I am a listing specialist.  I focus on my strengths and what I have really enjoyed about the past 22 years selling Whistler real estate.  I have honed my negotiation skills.  I am continuously adding to my marketing program to reach prospective buyers.  I have long, reliable relationships with local experts to do small or large property updates if needed.   Your home will be professional photography ready when it goes on the market to achieve the highest sales price in the shortest time frame with terms favourable to you.  

I have a database of over 5,500 people and market your property proactively to my them.  I refer new buyers to a qualified Realtor in my office.   My area of expertise is marketing homes for sale and…

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Who is Dave Brown?  And what am I up to these days?

A short post for those who may be doing some googling and are a bit confused..  Dave Brown is my ex-husband and the father of my two wonderful children, Hayden and Griffin Brown who are now 18 and 22 years old.  Dave started selling real estate just before our son Griffin was born in 2004.   We separated in 2007.  Dave now works out of the Whistler Real Estate Company office.  Of course, when googling real estate in Whistler you will see both of our names come up.

I trained Dave when he initially started in real estate and he has become an excellent Realtor.  Which I always knew he would be.  He wasn't quite sure at the time and when he decided to keep selling real estate rather than going back to…

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Whistler Municipal Hall

Whistler Bylaw Update
Will Reduce Red Tape at RMOW Hall

Local builders are applauding an update to the Resort Municipality of Whistler (RMOW) land-use procedures and fees bylaw designed to reduce red tape at municipal hall. 

Given first three readings on Sept. 20 and adopted on Oct. 4, the proposed bylaw will streamline the permitting approval process by delegating some decision-making authority to RMOW staff. In alignment with the new Official Community Plan, the update will also establish precise development approval information requirements for zoning amendments, development permits (DP) and temporary-use permits (TUPs). 

“The process efficiencies will result in cost and staff time savings,” said RMOW manager of development planning Melissa…

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