Market Update

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Estimated reading time: 3 minutes

Quick Market Stats – October

  • New listings: 90
  • Sales: 53
  • Inventory: 294
  • Market type:
    • houses: buyers
    • townhouse: balanced
    • condos: balanced

Key Takeaways

  • In October, there were 90 new listings and 53 sales in the Whistler market, with an inventory of 294.
  • The market type varied: houses leaned towards buyers, while townhouses and condos showed a balanced market.
  • The HPI declined significantly from the COVID peak, with houses down 15%, townhomes down 6%, and condos down 20%.
  • New listings have consistently outpaced sales over the past two years, increasing inventory and putting downward pressure on prices.
  • For more detailed statistics, visit the Market Update page on the website.
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FAQ Strata Insurance

Estimated reading time: 0 minutes

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Key Takeaways

  • Understanding strata insurance is crucial for owners to ensure full coverage.
  • Unit owners need insurance to cover risks not included in the strata corporation’s policy, like water damage.
  • Cover for Phase 2 and Quarter-Shares covered in the strata, no additional insurance may be required. Check rules.
  • Owner locker insurance in Phase 2 and Quarter-shares fall under home insurance policy.
  • Disclose to insurance rep the nature of the property and who will occupy it.
  • Strata insurance covers the building but not personal contents, improvements, or living expenses after a claim.
  • Owners must carry insurance for deductible assessments as strata bylaws often require coverage for property damage.
  • Preventive measures can help reduce claims and liabilities associated with strata insurance.
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ELECTRICAL PLANNING Report by Dec 2028

Estimated reading time: 3 minutes

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Key Takeaways

  • All strata corporations with 5 or more lots must complete an Electrical Planning Report by December 31, 2028.
  • A qualified electrical professional must conduct the report, funded by the Contingency Reserve Fund
  • Strata corporations will vote at the AGM to approve the funds for the EPR, requiring a 3/4 vote majority.
  • The introduction of the EPR responds to increased power demands and the need for high-speed EV charging stations.
  • Future planning reports may focus on plumbing and water supply concerns.
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BC Short Term RENTAL REGISTRY

Estimated reading time: 2 minutes

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Key Takeaways

  • Short-term rental hosts in BC must display a valid business licence number on advertisments to comply with the BC Registry.
  • The Short-Term Rental Accommodations Act was introduced in 2025 to help municipalities regulate short-term rentals.
  • Registration in the BC program costs $600 per year, while Whistler’s nightly rental business license costs $250 per year.
  • Whistler’s regulation has been in place since 2017. To avoid fines, nightly rentals require a business licence.
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How do I FINANCE construction?

Estimated reading time: 4 minutes

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Key Takeaways

  • Financing a house build in Whistler involves buying land and covering construction costs before receiving loan funds.
  • Borrowers must inject their funds into the project before the lender releases borrowed money; the lender controls the draw process.
  • Non-residents can obtain a mortgage in Canada, but specialized construction financing is often required.
  • Borrowers must cover any construction cost overruns with their own funds, as loans can’t easily increase mid-flow.
  • Getting the right local builder and mortgage broker can ensure a smoother financing experience in Whistler.
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