On April 10, 2024, the Bank of Canada decided to maintain the overnight rate at 5 per cent. They observed that the Canadian economy is currently experiencing an imbalance between supply and demand, but they remain optimistic about future growth prospects.

In terms of prices, the Bank noted that inflation is still too high, particularly in housing costs. However, they also recognized a recent slowdown in the rate of price increases. They emphasized their commitment to monitoring this trend closely.

Many experts in finance believe that this decision signals the beginning of a series of rate cuts, possibly starting in June. This expectation is based on recent data showing increased unemployment and subdued inflation when housing costs are excluded. Given the Bank’s role in influencing mortgage rates and housing supply, there’s speculation they may try to stimulate the economy by gradually reducing rates. It’s anticipated that this could happen multiple times throughout the year, with the goal of reaching an overnight rate of 2.5 per cent by the end of 2025.

Sea to Sky Real Estate Market Update:

Through March 2024

WHISTLER’s real estate market had a total dollar volume of approximately $78 Million in March. There were a total of 40 transactions. Of those sales, 6 were chalets, 11 were townhouses and 7 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 March 2024 stats package here

The SQUAMISH real estate market had a total of $29 Million in sales in March. There were a total of 33 property transactions. Of those sales, 4 were single family homes, 12 were townhomes and 14 was a condominiums.

Want more Squamish Stats?
view our March 2024 stats package here

The PEMBERTON market had approximately $11 Million in total dollar volume in March. There were a total of 10 transactions. Of those sales 4 were a chalets and 1 was a townhouse

Want more Pemberton Stats?
view our March 2024 stats package here

Featured Luxury Whistler Chalet

3855 Sunridge Court | Sunridge Plateau

$14,500,000 CAD | $10,508,000 USD

5 Bedrooms | 6.5 Bathrooms

Located in the exclusive neighborhood of Sunridge Plateau this brilliantly designed residence sits majestically on a quiet cul-de-sac on a privately situated .52 acre estate property with spectacular views of the Sproatt and Rainbow mountain range, Whistler Golf course and the Whistler Valley. Enjoy ski-in access from this 5 bedroom, 6.5 bathroom, 3 level residence with its high vaulted ceilings, natural stone walls and extensive millwork capturing the atmosphere of a sophisticated modern luxury chalet. Additional features include entertainment size principal rooms, a gourmet chef’s kitchen, walk-in wine room, private office, exercise room, radiant heating, air conditioning and home automation plus garage parking for 3 vehicles. All conveniently located a short walk to Whistler Village.

Listed by David Nagel and Malcolm Hasman | Angell Hasman