Fall puts Whistler on display. Action and adventure with a chilled-out vibe, midweek deals on dining, and inspiring events of all kinds. Great rates on accommodation let you connect with nature and culture in a village awash in colour with snow-dusted peaks.

In Whistler in the last 3 months we have seen a 43% drop in sales, a 29% drop in new listings and a 19% increase in total inventory. We’ve been hearing that the lack of inventory is affecting sales, however, it is more so that the lack of unique properties available for sale, at the price point listed, is not appealing to Buyers. We are seeing that Buyers are having difficulty finding a suitable property that is priced right, and when it is, it sells quickly.

The Bank of Canada decided to maintain its 5% interest rate and continue quantitative tightening, aiming to control inflation. Global economic growth slowed due to a slowdown in China, while the United States saw stronger growth from consumer spending. Canada’s economy weakened in Q2 2023, partly due to reduced consumer spending, housing, and wildfires. Higher interest rates have slowed borrowing. Inflation remains a concern, with prices up around 3%. The Bank is cautious, monitoring factors like inflation, wage growth, and business pricing behavior. They intend to ensure price stability for Canadians and may adjust interest rates if necessary.

If you have any questions about buying and/or selling in today’s market, it would be a pleasure to connect about how we can best assist!

                                                                     – Ursula and Mel