MOREL REAL ESTATE TEAM NEWSLETTER | JUNE 2021

Sea to Sky Real Estate and Community Update

Sea to Sky Real Estate Market Update:

Through May 2021

WHISTLER’s real estate market had a total dollar volume of approximately $117 Million in May. There were a total of 73 transactions, up from 15 in May of 2020. Of those sales, 15 were chalets, 21 were townhomes and 21 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 May 2021 stats package here

The SQUAMISH real estate market had a total of $94 Million in sales in May. There were a total of 92 property transactions, up from 32 in May 2020. Of those sales, 26 were single family homes, 30 were townhomes and 25 were condominiums.

Want more Squamish Stats? 
view our May 2021 stats package here

The PEMBERTON market had approximately $16 Million in total dollar volume in May. There were a total of 18 transactions. Of those sales, 4 were chalets, 5 were townhomes and 4 were vacant land.

Want more Pemberton Stats? 
view our May 2021 stats package here

FEATURED LISTINGS

Located in the quietest part of Greystone, this recently renovated (2019) lock off unit is steps away from ski in/out access. Upgraded with high end appliances including washer/dryer, walk in shower etc. Ground floor unit is on the same floor as ski in/out access, hot tub, outdoor heated pool and all the desirable aspects that this complex has to offer its owners! Located next to the NEW 10 person Blackcomb Gondola and Magic chair lifts as well as a short walk away from everything Whistler Village has to offer! A perfectly situated opportunity for all of Whistler’s Winter and Summer activities!

304AB 2129 Lake Placid Road | $999,999

RARE OPPORTUNITY to own a unique lock-off with TWO SEPERATE RENTAL UNITS which generate great cash flow in Whistler! Bright, renovated top floor, lock-off floor-plan gives the option to have 1 two bedroom unit, or 2 separate units. Rent through short or long term platforms or use for your own personal usage. Walking distance to Creekside Gondola.

Unique property opportunity in Lillooet Lake’s gated community, Heather Jean properties. This is a 4045 sq ft 7 bedroom home over two levels on 1.89 acres, with truly spectacular lake and mountain views from huge sundeck. Heating options include two woodstoves, two fireplaces and a forced air system with heat pump for AC purposes. The truly unique feature of this home is the industrial strength Pelton wheel hydro generator for all of your electrical needs. The Heather Jean community also has a private gravity-feed water purification system. In addition to the private boat basin to shelter your boat, plane or houseboat, there is a nearby community boat launch, sun deck and beach. This is a sharehold property with no conventional mortgage. Just use cash, L/C or equity loan.

SMITHERS, BC
4912 FOURTH AVENUE | $995,000
8 Bedrooms | 5 Bathrooms

Walk into your dream home in Smithers BC, the “Playground of the North”. From your window or one of two large decks gaze at the stunning view of Hudson Bay Mountain’s peaks and ski runs. Just steps from Smithers Golf and Country Club and downtown Smithers, this nearly 8,000 square foot home has it all. Huge and stunning kitchen, seven bedrooms, five bathrooms, huge games room, gym, theatre, sauna, nanny suite, and king size master bedroom. The master features twin walk in closets, hidden storage closet, and a stunning bathroom. Plentiful storage is provided by the custom cabinetry throughout the home including the many walk-in closets and built-ins. Double and single garages, 2 paved driveways and neatly fenced yard. Plenty of room for entertaining with family, fun and function.

201 – 4295 BLACKCOMB WAY, WHISTLER, BC | $639,000
WHISTLER PEAK LODGE
2 Bedroom | 2 Bathroom
Rare 2 bedroom at the Whistler Peak Lodge with LARGE BALCONY and WASHER/DRYER. Suite offers a full kitchen with fridge, stove, microwave and dishwasher and bunk beds in second bedroom. Whistler Peak Lodge’s central location provides you with easy access to everything Whistler has to offer within footsteps to the Village and Whistler Blackcomb lift access. Complex features an exercise gym, hot tub and 24 hour desk. One of the most affordable opportunities to enter into the Whistler market and a great REVENUE PRODUCER! This is a Phase 2 restricted property that allows for 56 days of owner use per year (28 summer/28 winter).
Looking for large water view property with buildings to renovate? Eureka! This sunny 3/4 acre property with two sturdy buildings overlooking Lillooet Lake, with water access, including beach, sundeck and boat launch is only 20 minutes from Pemberton. Part of the beautiful gated community of Heather Jean Properties, this property was the original maintenance and storage facilities of the complex. The 2700 sq.ft. maintenance building includes a fully equipped one bedroom suite, a 600 sq.ft. garage with 16′ ceiling, a maintenance shop, and carport on a concrete slab. Across the access road is a 400 sq.ft. storage shop easily and legally convertible into a carriage house or home. If you have an itch to build, you have to see this property! Cannot be financed due to being a sharehold property.

418 4369 Main Street, Whistler BC
Alpenglow Lodge | $444,786
Studio | 1 Bathroom

Large Southwest facing studio on the 4th floor at the Alpenglow in the heart of Whistler Village. This unit features a cozy fireplace, big sun deck boasting wonderful views of the Village and surrounding mountains. Walk to all restaurants, shops, ski lifts and everything the Village has to offer! Complex offers great amenities including outdoor pool and hot tub, fitness room, sauna and secure underground parking.

215 – 4295 Blackcomb Way | $149,900
WHISTLER PEAK LODGE
Studio | 1 Bathroom

Comfortable studio suite at the Whistler Peak Lodge over looking the courtyard making for a peaceful, and quiet location. Whistler Peak Lodge’s central location provides you with easy access to everything Whistler has to offer within footsteps to the Village and Whistler Blackcomb lift access. Complex features an exercise gym, hot tub and 24 hour desk. One of the most affordable opportunities to enter into the Whistler market and a great REVENUE PRODUCER! This is a Phase 2 restricted property that allows for 56 days of owner use per year (28 summer/28 winter).

Sophisticated 2 bedroom + 2 bathroom ski in/out ¼ share opportunity at Evolution the base of Whistler Mountain. This unit is on the East side of the building overlooking the wonderful amenities that the complex offers. Owner usage includes 1 week/month on a rotating schedule, or rent out your unit to generate revenues. Highlighted amenities of the complex include a large heated outdoor pool, 2 hot tubs, games and media room plus on site ski/bike storage. and full time concierge. Monthly fees cover your utilities, management, property taxes, insurance and TW fees.
NEW AND NOTEWORTHY LISTINGS HERE

Canadian Real Estate and the New Mortgage Stress Test

Homebuyers entering in the Canadian real estate market are facing a slightly bigger obstacle starting today, with the Office of the Superintendent of Financial Institutions (OSFI) implementing a higher threshold for the mortgage stress test. Under the new rules, the minimum qualifying rate for uninsured mortgages – those where buyers have a down payment of 20 per cent or more – is either the mortgage rate offered by the lender plus two per cent, or 5.25 per cent, whichever is greater.

The change was prompted by a number of challenges within the Canadian real estate market, such as high debt levels, rising prices, low supply and bidding wars.

Read Full Article here: https://blog.remax.ca/mortgage-stress-test-new-rules-in-effect-june-1/

Canadian Real Estate Industry: Consumer Sentiment Survey

New consumer survey by RE/MAX reveals that buying and selling in the Canadian housing market is not a simple “transaction,” but a complex negotiation

  • Almost half (41 per cent) of Canadians claim they aren’t knowledgeable when it comes to buying or selling real estate
  • 91 per cent of Canadians say that when looking for a REALTOR® for outside support, the top must-haves are ethics in business, patience, active listening and empathy
  • Eight in 10 Canadians (81 per cent) say that they would be more likely to work with a REALTOR® if they had a certification in professionalism

Read full article here: https://blog.remax.ca/canadian-real-estate-industry-consumer-sentiment-survey/

Whistler Children’s Festival

With a reimagined format for 2021, this long-standing, family event combines online entertainment and in-person activities for kids and families to enjoy throughout summer. Free your imagination and explore endless creativity with arts and crafts, storytellers, dance parties, sing-a-longs, silly science, art adventure tours, a kids art exhibition and small group workshops.

Full details here: https://www.whistler.com/events/whistler-childrens-festival/

Ursula Morel and Melissa Schneiderova
Morel Real Estate Team
info@morelrealestateteam.com
www.morelrealestateteam.com
P: 604.935.3635