This four-season location has it all – private waterfront access and walking distance to the ski lifts! Nestled in Whistler Creekside’s Alpha Lake Village, this end unit townhome features 4 bedrooms plus a large loft and 3 bathrooms and a new roof in 2023. Spread over 2200 sq. ft. with lovely vaulted ceilings, expansive windows offering an abundance of natural light and 2 walk out decks, one which backs onto a forested greenspace oasis, there is plenty of space for everyone to enjoy. Whether you are reading a favourite book on a chilly winter evening while listening to the crackle of the wood burning fireplace or entertaining company after an amazing day spent enjoying the lake, you will appreciate this magical location year-round. Keep your car snow free in the winters in the single car garage which also features additional crawlspace storage for all your Whistler gear. Conveniently located next to the Valley Trail connecting you to the fantastic offerings of Creekside’s restaurants and shops. Don’t delay, call for a showing today, Alpha Lake Village properties do not often come on the market and are always highly sought after – this is the place to be!

Offered at $2,299,000

April’s numbers are in!

We’re still seeing a low in active listings and an increase in demand for homes in Whistler. As I mentioned last week in the market report this is causing an increase in home prices. This demand is causing highly competitive conditions for properties like townhomes.

Always feel free to reach out and chat with me about the current real estate conditions: 604-932-9590.

Whistler Market Update: 2022 was a bit of a roller coaster for the Whistler market.

The first two months of 2022 resembled the fast pace of 2021, but sales slowed significantly throughout the remainder of the year. This came as a function of economic uncertainty, with both a poor performing stock market and rapid interest rate increases, and also an overall misalignment of buyer and seller expectations. Despite lower or falling property prices in certain regions of the country, prices in Whistler remained strong.

The median sales price of a Whistler property in 2022 was $1,200,000, up from 1,050,000 in 2021 and a significant  increase from $823,600 in 2019. In regards to inventory, Whistler started the year off at historic lows, and inventory has increased slightly throughout the year, but still sits about 40% below the 10-year average with under 200 active listings.

Looking to 2023, we expect sales to pick up and prices to remain steady as Whistler market is bolstered by limited supply and high demand.

Whistler and Pemberton are both exempt from the Foreign Buyer Ban, which is expected to drive some foreign investment in the area for those non-residents looking to purchase in Canada.

If you are interested in more detailed stats or would like to subscribe to our quarterly market updates, please feel free to call me at your convenience.

The median sales price of a Whistler property in 2022 was $1,200,000, up from 1,050,000 in 2021 and a significant  increase from $823,600 in 2019. In regards to inventory, Whistler started the year off at historic lows, and inventory has increased slightly throughout the year, but still sits about 40% below the 10-year average with under 200 active listings.

Looking to 2023, we expect sales to pick up and prices to remain steady as Whistler market is bolstered by limited supply and high demand.

Whistler and Pemberton are both exempt from the Foreign Buyer Ban, which is expected to drive some foreign investment in the area for those non-residents looking to purchase in Canada.

B.C.’s Cooling-Off Period

In recent weeks, you may have heard about BC’s new Home Buyer Rescission Period, also known as the “cooling-off period,” allowing home buyers to back out of a residential purchase within a set period after signing a contract. The BC government introduced this change to real estate contract law to ‘cool off’ the market and the speed of decision making.  The new regulation took effect on January 1, 2023, and regulates all residential real estate, with few exceptions, regardless of whether a licensed real estate representative is involved in the transaction.

 

Home Buyer Rescission Period

The Home Buyer Rescission Period allows homebuyers to rescind a contract within three business days after the final acceptance of a firm and binding offer. The rescission period applies to all contracts, regardless of subjects, and cannot be waived by either the seller, buyer, or their representatives. During this period, homebuyers can legally withdraw from the firm and binding offer in exchange for a fee of 0.25% of the purchase price.

If you have any questions about the new regulations, we encourage you to contact Whistler Real Estate; one of our qualified agents would be happy to walk you through the new regulation and its implications for buyers and sellers.

 

Canada’s Foreign Buyer Ban

As of December 21, 2022, we now have clarity that Whistler and Pemberton are excluded from this foreign buyer ban. Both Whistler and Pemberton fall outside the Prohibition on the Purchase of Residential Property by Non-Canadians Act definition of “Residential Property” – which states that the prohibition applies to ‘residential property located in a census metropolitan area or a census agglomeration’. We are happy to share that our real estate markets in Whistler and Pemberton will remain open to investment, despite the ban.

Whistler and Pemberton Excluded from Foreign Buyer Ban

After a surge in home buying during the pandemic, the Canadian government first announced a two-year foreign buyer ban would be brought in to help slow the real estate market in early 2022, which would take effect as of January 1, 2023. This ban would prevent non-Canadians and corporations controlled by non-Canadians from purchasing residential property in Canada, with some noted exceptions.

Whistler and Pemberton Excluded from Foreign Buyer Ban

As of December 21, 2022, we now have clarity that Whistler and Pemberton are excluded from this foreign buyer ban. Both Whistler and Pemberton fall outside the Prohibition on the Purchase of Residential Property by Non-Canadians Act definition of “Residential Property” – which states that the prohibition applies to ‘residential property located in a census metropolitan area or a census agglomeration’. We are happy to share that our real estate markets in Whistler and Pemberton will remain open to investment, despite the ban.

View the census tract reference maps here

Foreign Buyer Ban – Important Key Facts

  1. The Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents non-Canadians from buying residential property in Canada for 2 years, starting January 1, 2023.
  • This Act defines residential property as buildings with 3 homes or less, as well as parts of buildings like a semi-detached house or a condominium unit. The law does not prohibit the purchase of larger builders with multiple units.
  • The Act has a $10,000 fine for any non-Canadian or anyone who knowingly assists a non-Canadian and is convicted of violating the Act. If a court finds that a non-Canadian has done this, they may order the sale of the house.

Canada’s Foreign Buyer Ban – Key Definitions

All of the below are defined under The Prohibition on the Purchase of Residential Property by Non-Canadians Act

Non-Canadian

This act applies to individuals who aren’t; Canadian citizens, permanent residents of Canada, persons registered under the Indian Act, corporations based in Canada that are privately held; not listed on the stock exchange in Canada, controlled by someone who is a non-Canadian.

Residential Property

This act defines residential property as buildings of up to 3 dwelling units and parts of buildings, like semi-detached houses or condominium units. This prohibition applies to; residential property located in a census metropolitan area or a census agglomeration.

Frequently Asked Questions: Canada’s Foreign Buyer Ban

When will the Prohibition on the Purchase of Residential Property by Non-Canadians Act come into force?

January 1, 2023. The prohibition will be in effect for a period of 2 years.

Who does the Prohibition on the Purchase of Residential Property by Non-Canadians Act apply to? The Prohibition on the Purchase of Residential Property by Non-Canadians Act applies to:

  • an individual who isn’t a:
    • Canadian citizen
    • Permanent resident of Canada
    • person registered under the Indian Act
  • corporations based in Canada that are:
    • privately held
    • not listed on a stock exchange in Canada
    • controlled by someone who is a non-Canadian
  • entities formed under the laws of Canada or any Canadian province that are controlled by someone who is not from Canada
  • an entity formed otherwise than under the laws of Canada or a province

Certain exceptions for specific groups of non-Canadians are outlined in the Regulations.

For more information on the Foreign Buyer Ban, please go here

B.C. Real Estate’s Cooling Off Period

Additionally, effective on January 1, 2023, the Cooling off Period is an unprecedented change to real estate contract law that creates the legal right to rescind a residential real estate contract in exchange for a fee. From the time the contract is finalized, buyers will have 3 days in which they can back out of the deal for a fee equal to 0.25% of the property purchase price.

There are no exceptions to this, for more information on how this will affect your home sale or purchase, please contact me 604-932-9590.

Here are the stats for the third quarter Whistler real estate market. Although sales have slowed down and listing inventory has increased, the inventory is still well below normal levels.  It will be interesting to see what happens over the next 6 months when we are back into a normal ski season. The USD is strong and most of the market activity has been driven by the Canadian buyers the last 2 years. With international tourism expected to return in full swing, we will also likely expect more international buyers to return. Whistler is expected to be exempt from the Foreign Buyer Ban legislation which will be in place in most urban areas in Canada starting in January 2023 for the next 2 years.  I think Whistler will be a stable and safe place for investment.

If you would like to discuss buying or selling in today’s market, please feel free to give me a call.

It’s no surprise that this listing flew off the shelf! Meticulously maintained and with a prime ski in/out location, it checks all the boxes for the most discerning buyers. We’re sure the new owners will enjoy this property for years to come. Listed at $6,999,000

Ski in/Ski out property ✅
Spacious 4 bedroom end unit floor plan over 3 levels ✅
Media Room✅
Beautiful mountain and forest views ✅
Private Garage ✅
Flexible Zoning ✅
Private Hot Tub ✅

Congratulations to our clients in securing this wonderful acreage in Pemberton. We are sure the family will enjoy the long summer days cooling off in the pool with amazing Mount Currie views. Listed at $3,650,000

🔸 4 Bedroom 🔸 3 Bathroom 🔸 3,645 sq.ft. 🔸 4 acre lot 🔸 Panoramic Mountain Views

Here are the numbers for the first quarter of the year. The pace of sales has slowed over the last few months as we have historically low inventory. Prices have continued to climb. If you are thinking of selling, there has never been a better time to be on the market. Please give me a call and I would be happy to provide you with a confidential, complimentary evaluation.

📍 207 – 6850 Crabapple Drive | Adventures West Riverside
Whistler Cay Estates

Congratulations to my client in achieving over asking for their waterfront property 🎉 We are sure the buyer will enjoy this true 4 season location with use of the private dock and sandy beach on Alta Lake and River of Golden Dreams. List Price: $849,000


🔸 1 Bedroom 🔸 1 Bathroom 🔸 501 sq.ft. 🔸In-suite Laundry 🔸 Mountain Views 🔸 Private Beach🔸 Boat/Paddle Board Storage

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