Where is the Whistler Market Headed?

It seems there are still plenty of buyers taking advantage to buy today to avoid increasing interest rates in the future. Whistler’s inventory is still below the 10-year inventory average and even as sales have slowed and inventory increased, prices for single family homes, townhouses and condos remain higher year-over-year. Whistler is attracting a variety of different kinds of investors and mortgage rates do not typically impact the Whistler market. Currently we are also experiencing more interest from US buyers taking advantage of the current exchange rate of $1,000,000 CAN = $750,485.00 US!

Non-resident buyers should be aware of a new regulatory change coming into effect on January 1, 2023 – The Foreign Buyers Ban and Cooling Off Period, definitely taking place in Vancouver and other cities in Canada.

While it has not yet been finalized, the proposed legislation for the Foreign Buyers Ban contains an exclusion for recreational properties, preliminarily defined as properties that are outside of census metropolitan areas and census agglomerations, meaning both Whistler and Pemberton properties would be excluded.

Food for Thought …

A study done by the Bank of America found that young and wealthy investors prefer assets like cryptocurrency, real estate and private equity over investing in the stock market. According to the study “Individuals aged 21 to 42 with at least $3 million in assets have only a quarter of their portfolio in equities, compared with more than half for those who are older.”  This is significant, especially for the future, as Baby Boomers are estimated to transfer over $84 trillion of their wealth to Gen X and millennials between now and 2045, according to market research by Cerulli Associates.

Sea to Sky Real Estate Market Update:

Through November 2022

WHISTLER’s real estate market had a total dollar volume of approximately $75 Million in October. There were a total of 41 transactions. Of those sales, 5 were chalets, 8 were townhouses and 13 were condominiums sales. 

For a complete breakdown of Whistler Sales by Dollar Volume, Transactions and Property Types, for the past few years, please view our October 2022 stats package here

The SQUAMISH real estate market had a total of $28 Million in sales in October. There were a total of 25 property transactions. Of those sales, 11 were single family homes, 3 were townhomes and 9 were condominiums. 

Want more Squamish Stats? 
view our October 2022 stats package here

The PEMBERTON market had approximately $6 Million in total dollar volume in October. There were a total of 5 transactions. Of those sales, 2 were chalets and 2 were townhouses.

Want more Pemberton Stats? 
view our October 2022 stats package here

Luxury Whistler Chalet

9358 Wedgemount Plateau Drive, Whistler, BC
$5,495,000 CAD | $4,120,700 USD
5 Bedrooms | 6 Bathrooms

Elevated on the panoramic plateau of Whistler’s WedgeWoods estate-home community, enjoy expansive views, sophisticated comfort, easy entertaining, & active mountain lifestyle that this carefully-crafted residence provides—all less than 15 minutes from the slopes. Positioned on a 0.8-acre parcel, the home offers seamless indoor-outdoor living, including a media & TV area effortlessly connected by custom glazing opening to an extensive outside living space spanning over 2,000 sq. ft. with outdoor kitchen & pizza oven, sunken hot tub, & cedar barrel sauna. Premium finishes & luxury materials, including custom millwork throughout the home, are complemented by thoughtful & functional spaces, such as a double-car garage, large mudroom, wine cellar, steam shower, & ensuite for every bedroom. Be in for the Holidays – residence is move-in ready.

*Listed by John Ryan | Whistler Real Estate Company*

Pied-a-Terre’s in Whistler, Pemberton and Squamish

1352 Greenwood Street$1,599,000 CAD / $1,174,890 USD

Pemberton Benchlands
4.5 Bedroom – 3.5 Bathroom

Gorgeous Single Family Home above the floodplain in the scenic Pemberton Valley. 3.5 bedrooms and 2 Bathroom in the main home, with a large, private 1 bedroom suite. Home feature’s a flowing floor plan with vaulted ceilings in the living area, and the open concept dining and kitchen leads off to an oversized deck overlooking the spacious backyard, perfect for kids and pets to play! 1352 Greenwood is immaculately maintained, featuring a double car garage and mountain views from every window. Located in Pemberton’s most highly desired neighbourhood just steps from everything downtown has to offer!

4800 Spearhead Drive #321 | $1,199,000 CAD / $880,983 USD

True Ski In/Out | The Aspens
1 Bedroom – 1 Bathroom

Location, Location, Location! Just in time for Winter – TRUE SKI IN/OUT complex on Blackcomb mountain, a short ski down to the new 10 person gondola! Spacious 1 bedroom, 1 bathroom unit in a quiet location with balcony facing the green belt providing utmost privacy – Turn key opportunity for your rentals and/or personal usage. Phase 1 zoning permits nightly rentals and unlimited owner usage. The Aspens complex features an outdoor pool, 2 hot tubs, exercise room and ski storage and your strata fees include your gas, hydro and internet. 

*High Revenue Producing Properties, 7 Minute Walk from Whistler Creekside Lifts*

#304AB 2129 Lake Placid Road,  Whistler Creekside | $1,099,000 CAD / $807,380 USD
2 Bedroom, 2 Bathroom Lock Off Units

RARE TURNKEY OPPORTUNITY in NEWLY RENOVATED Whistler Resort Club Complex in CREEKSIDE! Perfect for a Private Residence or Investment Potential! 5 minute walk to the NEW 10 PERSON CREEKSIDE GONDOLA, Alpha Lake, Nita Lake, tennis courts, grocery store, bars and Whistler’s top restaurants. This 2 bedroom and 2 bathroom lock-off unit allows for the ultimate in versatility. Upgrades include a NEW KITCHEN, BATHROOMS and FLOORING. Enjoy the WOOD-BURNING FIREPLACE or relaxing in the BACKYARD GARDEN. AMENITIES include an OUTDOOR POOL, HOT TUB, SAUNA. STORAGE LOCKERS and FACILITIES for SKIS/SNOWBOARDS and BIKES. THIS PROPERTY ALLOWS UNLIMITED OWNER OCCUPIED or SHORT TERM NIGHTLY RENTALS. NO GST!