Category: Market Reports

Real Estate Market Report: Let’s talk about the first quarter of 2023 in the Whistler and Pemberton real estate markets. January 2023 was a very slow month in terms of sales, but the markets rebounded in February and March. This came as a function of increased economic certainty, as the Bank of Canada has signalled […]

Talk to your Accountant about the Underused Housing Tax On January 1, 2022, the Government of Canada introduced the Underused Housing Tax (UHT) with the intended goal of helping to cool down Canada’s housing market. Generally speaking, the UHT is an annual 1% tax on residential property owned by non-resident, non-Canadians that is deemed to […]

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 Whistler and Pemberton Real Estate markets were a bit of a roller coaster in 2022. Real estate sales in 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 a poor-performing stock market […]

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 […]

Let’s talk about real estate activity in Whistler during the first quarter of 2022. When compared to the first quarter of 2021, the pace of unit sales has slowed substantially from 108 ends per month, hitting a high of 114 in March 2021. However, at 71 ends per month, the market still outpaced the long-term […]

To say that 2021 was a busy year would be an understatement! Sales activity started out very strong, with the first three months of the year seeing 110 unit sales per month.  The rest of the year continued at a steady strong pace – about 70 units per month – only slowing slightly during the […]

Real Estate activity in Whistler during the third quarter of 2021 continues to be a balancing act between a high level of buyer demand, and low availability of properties to buy. Activity is still at historically high levels and remains comparable to what we experienced last quarter, although it is below what we experienced at […]

Real estate sales activity during the first six months of 2021 remained consistent with that experienced in the prior six-month period (the second half of 2020). The total number of sales transactions per month continued to exceed longer-term trends, however, the pace of sales slowed as June 30th approached. This is due to a historically […]

The real estate market in Whistler during the first quarter of 2021 continued to exhibit the themes and results experienced during the second half of 2020. Historically high levels in the number of sales continued the upward pressure on values while reducing the number of listings and time on the market for those listings. Both […]