Real Estate Market Report: 2025 Q1 4 Apr 2025, 5:55 pm

Let’s talk about the first quarter of 2025 in the Whistler and Pemberton real estate markets.

Whistler

The Whistler market is off to a slower start this year, with 106* sales in the quarter, down 23% from the 130* sales in Q1 last year. Despite slower sales, there was an uptick in the number of single-family homes sold in Q1 vs Q4 of last year. Inventory continued to rise through the quarter, with a total of 241* listings coming to the market. Overall inventory currently sits at 326* units, up 21% from the end of 2024 and 12% from the same time last year. The median sale price was up vs Q4 across the single family, townhome and condo categories. Median days on market for both townhomes and condos increased from Q1 of last year and decreased from Q4, to 37 and 31 days respectively. Days on market for single family homes was 122, which is on par with Q1 2024 and up from last quarter. Overall, the Whistler market is currently leaning in favour of buyers.

Pemberton

The Pemberton market so far this year has kept pace with 2024 sales, recording 20 sales in Q1. There was a notable decrease in single family home sales and a notable increase in townhome sales when compared to both last quarter and Q1 of last year. Inventory increased slightly throughout the quarter, with 62* units currently on the market and 41* when excluding vacant land. Overall inventory levels are down 15% from the same time last year and up 15% from the end of 2024. The median price point across all categories remained relatively stable compared to the same quarter of last year. Inventory sat on the market slightly longer in Q1 vs last quarter with days to sell increasing for single family homes, townhomes and condos. Overall, the Pemberton market is also leaning in favour of buyers, although inventory does remain a constant constraint.

From an overall market standpoint, we are experiencing both potential sellers and buyers “waiting and seeing” with the ever-evolving US tariffs, resulting market volatility and the Canadian Federal election at the end of the month. There have been policies proposed by parties as part of their platforms that could have significant impact on our real estate markets. So far we haven’t seen a typical start to the spring market, but we anticipate we will see an increase in activity later this spring after we have some more certainty on the political front. Despite the spring market delay, we are seeing well-priced quality product receive multiple offers and move quickly. If you’re thinking of selling, now’s the time to be strategic with your pricing – making a strong first impression can really set the tone for a successful sale. For buyers, take advantage of the current market while there is still a healthy amount of inventory to choose from. We anticipate the market will heat up come May as buying conditions, including inventory and mortgage rates, are the best we have seen in years.

*excluding parking stalls

Market Share

Whistler Real Estate Company agents represented 34% of the Whistler and Pemberton market in the first quarter of 2025 and helped our clients achieve amazing outcomes.

Regulatory Notes

Foreign Buyers Ban

As previously noted, the Foreign Buyer Ban does not apply to the Whistler or Pemberton markets, nor does the Foreign Buyer Tax.

New Provincial Short-Term Rental Legislation

In May 2024, the BC government introduced the Short-Term Rentals Accommodation Act. While short-term rentals in Whistler are not impacted by the new regulation, there are rules that those renting their properties for this purpose need to follow (ie. obtaining and displaying your business license, and updating your listings on websites like Airbnb with your licensing information). The Village of Pemberton has chosen to opt-in to the new provincial legislation on short-term rentals, so reach out to your local Whistler Real Estate Company agent to find out what this means for your property.

Underused Housing Tax

The Underused Housing Tax (UHT) is an annual 1% tax on residential property owned by non-resident, non-Canadians that is deemed to be vacant or underused by the Canada Revenue Agency (CRA). There are situations, however, where the tax or reporting obligations could apply to Canadian citizens or residents, so it is important to understand whether you are an excluded or affected owner based on your specific situation. We recommend that you talk to your accountant about how it may impact you and your Whistler or Pemberton property.

Residential Tenancy Act Changes

On July 18, 2024 there were significant changes to the Residential Tenancy Act that those who own or are looking to sell or purchase tenant occupied properties should be aware of.  Some of the key changes include: 

• Mandatory landlord use of a new web portal to generate Notices to End Tenancy for personal or caretaker use
• Extended notice period
• The individual moving into the property must occupy it for at least 12 months

It is strongly advised that you seek legal advice to navigate these new regulations effectively if you plan to proceed with a transaction involving tenant-occupied property to ensure compliance with the new rules and ensuring understanding of rights and obligations of the parties involved. More information regarding these changes can be found on the BC Government Website. 

Small-Scale Multi Unit Housing

The provincial government has introduced new housing legislation to update zoning rules to deliver more small-scale, multi-unit (SSMU) housing, with the intended objective of building more homes faster. In most municipalities of more than 5,000 people, these changes can allow for 3-4 units permitted on lots currently zoned for single-family or duplex use, depending on lot size, however strata bylaws may impact this. Get in touch with your local Whistler Real Estate Company agent to learn more about how this may impact your Whistler or Pemberton property or property of interest.

Capital Gains Inclusion Rate

The Canadian government had initially proposed an increase in the capital gains inclusion rate, which would have raised the taxable portion of capital gains from 50% to 66.7% for individuals, corporations, and trusts with gains exceeding $250,000. However, in March 2025, the Government of Canada announced the cancellation of the proposed hike, maintaining the current inclusion rate. This decision reflects the government’s commitment to fostering a stable and favourable environment for investment and economic growth.

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Whistler and Pemberton: Where Adventure Meets Home 21 Mar 2025, 8:23 pm

Nestled in the Coast Mountains of British Columbia, Whistler and Pemberton offer residents an unparalleled blend of natural beauty, outdoor adventure, and community spirit. While each town has its own unique character, both provide a lifestyle that’s hard to beat. Whether you’re considering a move for the scenery, the activities, or the sense of escape, here are some of the top pros of living in Whistler and Pemberton.

Whistler: World-Class Amenities and Endless Adventure

Whistler’s reputation as a world-renowned ski resort town is well-deserved, but living here means more than just hitting the slopes. Residents enjoy a dynamic, year-round lifestyle with countless benefits:

1. Outdoor Recreation at Your Doorstep

Whistler is a paradise for outdoor enthusiasts. In winter, residents can ski and snowboard on some of the best terrain in North America. When the snow melts, the mountain transforms into a haven for hiking, mountain biking, and golfing. With pristine lakes, lush forests, and scenic trails, there’s always a new adventure waiting just outside your door.

2. Vibrant Community and Culture

Despite its status as a top tourist destination, Whistler maintains a strong sense of community. Residents come together for local events, farmers’ markets, and festivals like the Whistler Film Festival. The town also boasts a thriving arts scene, with galleries, cultural performances, and public art installations.

3. World-Class Amenities

Living in Whistler means access to amenities that rival those of any major city. From luxury spas and fine dining to boutique shopping and wellness centers, the town offers a high standard of living. Plus, Whistler’s excellent healthcare facilities and schools make it a great place for families.

4. Proximity to Vancouver

Whistler’s location along the scenic Sea-to-Sky Highway means that Vancouver is just a two-hour drive away. This makes it easy for residents to enjoy the best of both worlds—a peaceful mountain lifestyle with access to the amenities of a major urban center.

Pemberton: Tranquil Living with a Thriving Community

Just 30 minutes north of Whistler, Pemberton offers a quieter, more rural lifestyle while still providing easy access to world-class outdoor activities. Here’s what makes Pemberton a great place to call home:

1. Stunning Natural Beauty

Surrounded by towering mountains, fertile farmland, and crystal-clear rivers, Pemberton is a haven for nature lovers. Residents enjoy breathtaking views and easy access to outdoor activities like hiking, fishing, and horseback riding.

2. Close-Knit Community

Pemberton’s small-town charm is one of its biggest draws. With a population of around 3,000, the town has a strong sense of community where neighbours know each other by name. Local events like the Pemberton Farmers’ Market, the Slow Food Cycle, and the Pemberton Music Festival bring residents together and celebrate the area’s agricultural roots.

3. Affordable Real Estate Options

Compared to Whistler, Pemberton offers more affordable housing options, making it an attractive choice for families, retirees, and those looking to escape the hustle and bustle of city life. Whether you’re interested in a single-family home, a townhouse, or a rural property with acreage, Pemberton has something to suit your needs.

4. Agricultural Opportunities

Pemberton’s fertile soil and temperate climate make it a prime location for farming and gardening. Many residents grow their own food, and the town is known for its thriving local food scene, including organic farms, artisan producers, and farm-to-table dining.

Whether you’re drawn to the vibrant energy of Whistler or the peaceful charm of Pemberton, both towns offer an exceptional quality of life. From outdoor adventure and stunning scenery to strong communities and modern amenities, living in Whistler or Pemberton is a dream come true for many.

As the #1 real estate agency in Whistler and Pemberton for over 45 years*, we have deep roots in these mountain communities. All of our agents are locals with extensive knowledge of the area’s neighbourhoods, lifestyle, and market trends. Whether you’re looking to buy, sell, or simply explore your options, we’re here to help. Stop by our office to chat with one of our friendly agents—we’re always around and ready to assist you in finding your perfect mountain home.

*WLS data – based on units sold and dollar volume

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The Ultimate Winter Guide to Whistler 20 Feb 2025, 9:02 pm

Whistler, British Columbia, is a winter paradise known for its breathtaking alpine scenery, world-class ski slopes, and charming village atmosphere. Whether you’re an adrenaline junkie or looking for a cozy getaway, Whistler has something for everyone. Here’s your guide to making the most of your winter visit.

Hit the Slopes 

Whistler Blackcomb is one of the largest and most renowned ski resorts in North America. With over 8,000 acres of skiable terrain, there’s a run for every skill level, from beginner to expert. Whether you’re skiing or snowboarding, the resort’s expansive trails and stunning vistas make for an unforgettable experience.

Experience the Thrill of Snowmobiling

For those who crave adventure beyond skiing, snowmobiling through Whistler’s backcountry is a must. Guided tours will take you through snow-covered forests, across frozen lakes, and up to breathtaking viewpoints.

Indulge in Après – Ski Delights

After a day on the slopes, unwind at one of Whistler’s many après-ski spots. Popular places like the Dubh Linn Gate Irish Pub and Dusty’s Bar & BBQ offer great food, warm drinks, and live music, making for the perfect post-ski hangout.

Try Dog Sledding

Experience the magic of dog sledding through Whistler’s winter wonderland. Let a team of energetic huskies take you on a thrilling ride through snow-covered trails while you soak in the serene beauty of the surrounding wilderness.

Go Ice Skating at Olympic Plaza

Lace-up your skates and glide across the outdoor rink at Whistler Olympic Plaza. Surrounded by twinkling lights and picturesque mountain views, this family-friendly activity is a charming way to embrace the winter spirit.

Relax at the Scandinave Spa

For ultimate relaxation, visit the Scandinave Spa, where you can soak in hot baths, enjoy the contrast of cold plunges, and unwind in the tranquil forest setting. It’s the perfect way to rejuvenate after a day of winter activities.

Explore Whistler Village

The pedestrian-friendly Whistler Village is a must-see, offering boutique shopping, fine dining, and cozy cafés. Stroll through the charming streets, enjoy festive lights, and soak in the lively atmosphere.

Take a Scenic Snowshoe Tour

For a peaceful winter adventure, strap on some snowshoes and explore Whistler’s stunning trails. Guided tours offer a unique way to experience the tranquil beauty of the alpine landscape at a slower pace.

Ride the Peak 2 Peak Gondola

Take in panoramic views of the snow-covered mountains with a ride on the Peak 2 Peak Gondola. Spanning between Whistler and Blackcomb mountains, this record-breaking lift offers breathtaking scenery and an unforgettable experience.

Enjoy Fine Dining in the Mountains

Whistler is home to some incredible dining experiences. Indulge in gourmet cuisine at Araxi, Il Caminetto, or enjoy a mountain-top fondue dinner with spectacular nighttime views.

No matter your interests, Whistler offers a perfect winter escape filled with adventure, relaxation, and breathtaking natural beauty. Whether you’re carving through fresh powder, warming up by a fire, or taking in the views, this iconic destination is a must-visit in the winter season.

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Whistler Real Estate Company Partners with Whistler Adaptive Sports Program 7 Feb 2025, 4:57 pm

At Whistler Real Estate Company, we believe in giving back to the community that we call home. We live, work, and play in this incredible mountain town, and we are passionate about ensuring that everyone has the opportunity to experience the magic of Whistler. That’s why we are thrilled to announce our partnership with the Whistler Adaptive Sports Program (WAS), a non-profit organization dedicated to empowering individuals through access to sport and recreation.

Empowering Through Adaptive Sport

WAS is committed to providing inclusive outdoor recreation opportunities for people with disabilities. Whether it’s skiing and snowboarding in the winter or biking, paddling, and hiking in the summer, their programs ensure that individuals of all abilities can participate in the activities that make Whistler such a special place. With experienced coaches, specialized equipment, and the support of dedicated volunteers, WAS helps make Whistler’s world-class outdoor environment accessible to everyone. To see the impact of WAS in action, watch their official trailer here: Whistler Adaptive Sports Program Video.

Breaking Barriers and Building Community

Access to sport and nature isn’t always a given, yet the experience of being active in the outdoors is fundamental to physical and mental well-being. WAS’s vision is to adapt Whistler’s natural playground so that anyone with disabilities can explore the lakes, forests, and mountains that make this region so unique. Through fundraising efforts, WAS purchases and maintains specialized adaptive equipment, trains expert coaches, and recruits passionate volunteers to deliver multi-sport programs tailored to meet the needs of each athlete. These programs not only foster physical activity but also build confidence, independence, and a sense of belonging within the community.

Whistler Adaptive’s Role in the Invictus

WAS is playing a significant role in the upcoming Invictus Games Vancouver Whistler 2025, taking place from February 8th to 16th, 2025. This edition of the Games marks a historic milestone as the first to include winter adaptive sports, including alpine skiing, snowboarding, biathlon, nordic skiing, and skeleton.

In preparation for these events, WAS is providing training and support to alpine and nordic competitors, many of whom are new to winter sports. Their experienced instructors and volunteers are working closely with competitors to ensure they are well-prepared for the competition. Additionally, WAS and their partner have sourced and provided essential adaptive equipment for nordic and alpine event competitors, ensuring that every participant has what they need to succeed.

Get Involved and Show Your Support

From February 9th to 13th, WAS will be hosting brand activation sessions in Whistler Village. This is a fantastic opportunity for the community to come together, learn more about adaptive sports, and even try out some of the specialized equipment.

We encourage everyone to come out and support WAS, the Invictus Games, and the incredible athletes competing in this groundbreaking event. To see the full competition schedule and learn more, visit the Invictus Games website.

At Whistler Real Estate Company, we are honoured to support WAS in their mission to facilitate inclusive, life-changing experiences through sport and recreation. Together, we can help create a more accessible and welcoming Whistler for all.

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Meet Our Agent: Danielle Menzel 29 Jan 2025, 6:24 pm

What drew you to real estate?
It was a mix of circumstance and fate—the career kind of found me, and I’m so fortunate it did.  It was a series of fortunate events that brought me to where I am today.

What is your favourite part about being a realtor?
My favourite part of being a realtor is getting to know people and building relationships while helping them through major moments in their lives—whether buying, selling, or investing. It’s incredibly rewarding to guide clients through the process and make a real difference, all while building lasting trust. Being a part of their journey is truly a privilege.

What are your favourite activities in Whistler/ Pemberton? 
I love spending time outdoors, especially in the spring, summer, and fall. Hiking, exploring trails, and enjoying the local parks and lakes are some of my favourite activities. Whistler and Pemberton are already world renown for their winter activities and there are so many opportunities to connect with nature and relax, no matter the season, but the warmer months are definitely my sweet spot.

Where’s your favourite place to eat out? 
Pemberton has a surprisingly great variety of dining options for a small town, and with world-class restaurants in Whistler just a short drive away, it’s hard to pick just one favourite. I love the variety—there’s always something new to try!

What are your key highlights of your career? 
It’s hard to pick just one highlight, but over the past 20 years, I’ve been fortunate to work with incredible people and achieve a lot along the way. What I’m most proud of is the strong relationships I’ve built, the trust I’ve earned through consistent hard work, and the fact that so much of my business comes through referrals—it’s a great feeling to know my clients value the service I provide.

What do you think are the most important qualities of a realtor? 
The most important qualities of a realtor are honesty, reliability, and a strong work ethic. Clients need to trust their realtor, so integrity is key, along with being responsive and dedicated to meeting their needs.

Tell us something most people wouldn’t know about you. 
Most people don’t know that I’m a 4th generation Pembertonian. My dad, Cowboy Bob, is a bit of a local fixture, and growing up in this close-knit community has really shaped who I am. I’m no stranger to a saddle, either—horses were a big part of my childhood.

In one sentence, why should people live here? 
Pemberton offers a perfect blend of outdoor adventure, stunning natural beauty, and a tight-knit community, making it an ideal place to call home.

What is your biggest accomplishment outside of real estate? 
My biggest accomplishment outside of real estate is my son. He has the biggest heart and the kindest soul, and I’m incredibly proud to watch him grow into such a compassionate and thoughtful person.

Get In Touch with Danielle

Phone Number: 604.698.5128

Email: danielle@wrec.com

Instagram: pembertonrealtor

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2025 Overview of B.C. Assessment and Property Values 20 Jan 2025, 6:34 pm

BC Assessment evaluates properties annually to determine their value, classification, and any applicable exemptions, which are critical in determining the amount of property taxes paid by property owners. Each January, BC Assessment sends a property assessment notice detailing:

• Value: An estimate as of July 1 of the previous year.
• Classification: Reflecting the property’s use (e.g., residential, commercial).
• Exemptions: If applicable.

These assessments play a vital role in ensuring fair property taxation.

How Properties Are Valued

BC Assessment values most properties based on market value, using actual sales in the same area and property class for comparison. Non-market-value sales are excluded. To determine your property’s value, assessors evaluate factors such as:

• Location
• Size
• Land surface (topography)
• Shape
• Use
• Age and condition of buildings

Changes in your property’s assessed value are compared to similar properties within the same area and property class. 

Relationship Between Assessment and Taxation

The relationship between property assessment and taxation is direct and significant. Here’s how they are connected:

Assessment Determines Taxable Value:

• Property assessment establishes the value of your property, typically based on its market value as of July 1 of the previous year.
• This value serves as the baseline for calculating property taxes.

Tax Rate Applied to Assessed Value:

Your property taxes are calculated by applying the tax rate (or mill rate) to your property’s assessed value.

Formula:  Property Tax = Assessed Value x Tax Rate

                     Due July           Received January        Spring

                                              BC Assessment    Set by Taxing Authority    

*Unless your taxing authority has enacted an alternative municipal tax collection structure under section 235 of the Community Charter.

Impact of Assessment Changes:

• Increase in Assessed Value: If your property’s value increases compared to the previous year, your taxes will likely rise unless the tax rate decreases.
• Decrease in Assessed Value: If your property’s value decreases, your taxes may go down, provided the tax rate remains stable.

Residential and Commercial Trends

Residential Hotspots:
Since COVID-19, smaller, rural communities have seen significant increases in property values. Notable hotspots include:

• Williams Lake (+10%)
• Elkford (+11%)
• Tumbler Ridge (+13%)
• Burns Lake (+19%)
• Tahsis (+23%)

High-Value Properties:
The top 10 highest-valued properties are primarily in Vancouver (e.g., Belmont Avenue, Point Grey Road), with James Island being the only exception outside the city.

Commercial Properties:
Over the past three evaluations, assessed commercial property values have seen minimal overall change.

Key Factors to Note

“Highest and Best Use”:
Property assessments are based on the “highest and best use” of the land, which incorporates factors like zoning and neighbourhood development. However, under Section 19(8) of the Assessment Act, long-term residents in changing neighbourhoods may qualify for a special assessment at current use, which could lower their property taxes. More information can be found here.

Appeals and Adjustments:
If you believe your property assessment is inaccurate:

• Contact BC Assessment to discuss concerns.
• Appeal: If unresolved, file an appeal with the Property Assessment Review Panel (PARP). The appeal deadline is January 1st.
  If your appeal results in a change, your property taxes may be adjusted:
  • Tax decrease: You may receive a refund.
  • Tax increase: You will need to pay the higher amount.

New for 2025

You can now view your Property Assessment Notice online by searching your property address here. 

Property assessments influence taxation. Staying informed about the valuation process and addressing concerns promptly can ensure fair and accurate assessments. Please refer to the BC Assessment website for more information.

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New B.C. Home Flipping Tax: What You Need to Know 13 Jan 2025, 8:53 pm

As of January 1, 2025, the BC Home Flipping Tax has come into effect. At a high level, it is a tax on the profits earned from the sale of a property that only applies if the property was owned for less than 730 days. Its primary purpose is to discourage speculative flipping by limiting quick resales that drive up housing prices. Additionally, it aims to increase the housing supply by ensuring homes are available for long-term residents. By targeting these practices, the tax seeks to enhance affordability, slow the escalation of housing prices, and help stabilize the real estate market. Below is a summary based on our understanding of the tax. For complete details please visit the BC government BC flipping tax home page.

Scope and Application

Who is affected?

• Individuals or entities selling residential properties in BC, regardless of residency.
• It applies to both freehold properties and pre-sale assignments (selling the contract for a yet-to-be-built property).
• Sales occurring on or after January 1, 2025, are subject to the tax, even if the property was purchased before this date.

Ownership Duration Requirement

• The tax applies if the property was owned for less than 730 days (2 years).
• The rate of tax decreases as the duration of ownership increases:
  • 1–365 days: Maximum tax of 20% on the proceeds of the sale
  • 366–729 days: The tax rate applied to the profit decreases linearly until it reaches 0% after 2 years.

Exemptions

The tax does include exemptions to accommodate situations where a sale is necessary due to life circumstances. Some exemptions include:

Personal Circumstances:

• Death: Sale of the deceased’s property.
• Divorce or Separation: Sale due to breakdown of a marriage/common-law relationship.
• Illness or Disability: Sale caused by health or mobility issues requiring a move.
• Relocation for Work: Sale required due to job relocation over a certain distance.
• Change in Household Composition: Birth of a child, caregiving responsibilities, etc.
• Involuntary Job Loss: Loss of employment leading to financial hardship.
• Personal Safety Concerns: Victims of domestic violence or other threats.

External Factors:

• Insolvency: Bankruptcy or inability to meet financial obligations.
• Property Destruction: Property damaged or destroyed due to natural disasters or accidents.
• Expropriation: When the government or a public body acquires the property.

Developer/Builder Exemptions:

• Builders or developers may qualify for exemptions, provided they meet specific criteria.

Depending on the exemption, the seller is either exempt only after filing a return, or exempt without filing a return. For more comprehensive information on the various types of exemptions and the procedures to follow, we encourage you to visit the official BC Government website where you will find detailed explanations and helpful resources to guide you.

Calculating the Tax

The BC Home Flipping Tax is calculated based on the profit earned from the sale of the property. Here are the steps to follow:

1. Determine Taxable Income: Sale Price – (Purchase Price + Documented Improvements + Eligible Sale Costs)
2. Primary Residence Deduction: If the property was your primary residence for at least 1 year, you can deduct up to $20,000 from the taxable income.
3. Apply Tax Rate: For properties owned less than 365 days, the full 20% tax applies. For properties owned 366–729 days, a proportional reduction applies.

Please note, this provincial tax is distinct from the existing Federal Property Flipping Tax and specifically targets short-term property sales. Refer to the chart below for a clear comparison between the two.

For more information on how this tax might impact your property or future real estate transactions, we encourage you to reach out to your local Whistler Real Estate Company agent and personal accountant. Their expertise and personalized guidance can help you navigate these changes and make informed decisions tailored to your needs.

*Note that the information in this blog is current as of January 13, 2025.  To ensure you have the most up to date information, please refer to the BC government BC flipping tax home page.

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The Inception of Whistler’s Condominiums 10 Jan 2025, 7:42 pm

Today the term “condo” can be heard pretty much every day throughout most of Canada.  When Whistler Mountain first opened in the 1960s, however, condominiums were almost unheard of.  The first official condominium in Canada was Brentwood Village in Edmonton, Alberta in 1967.

After Whistler opened for skiing, the valley experienced a boom in construction.  While many ski cabins were built as well, the condominium took hold as a vacation home, both to own and to rent.  Garibaldi’s Whistler News (GWN), the newsletter put out by the lift company, even published an article by Ian Douglas in the fall of 1969 entitled “What is a Condominium?” for those unsure of what exactly was for sale.  In it he mentions “some new condominiums” located “across from the base of the Gondola at Whistler” which all have their own separate entrances, real estate taxes and mortgages, unlike the Whistler Alpine Village co-operative, which does not technically operate as a condo.  Douglas lists the benefits of owning a condo, such as the security of owning rather than renting and being able to do renovations (within limits).

The Alpine 68 condominiums, built in 1968, were designed by Gardiner, Thornton Davidson and were located near the gondola base.

The growing popularity of condominiums was not limited to the Whistler area.  In the fall of 1973, Ski Trails, a monthly Vancouver publication sharing Canadian ski news, began a monthly column on buying condominiums as investments as so many of the developments were being built in British Columbia and Alberta.

From the coverage of GWN it would seem housing and real estate were as much a topic of conversation in the 1970s as they are today.  Almost every issue contains news of a planned or completed development as well as real estate listings and updates on the progress of Alpine Meadows, Emerald Estates and Whistler Cay.

One condominium development that gets quite a few mentions is Tamarisk.  Still a part of Whistler today, construction began on Tamarisk in 1973.  The plans for the $15 million development, located about a mile away from the base of Whistler Mountain, included over 400 units, a “condo-lodge” containing a cocktail lounge and dining facilities, indoor and outdoor tennis courts and pools, and squash and handball courts, all to be built over two phases.

The Whistler Skiers’ Chapel was the first interdenominational chapel in Canada and was located right at the bottom of Whistler Mountain in today’s Creekside. The building was designed by architect Asbjorn Gathe, who also designed Tamarisk.

The first phase included 140 units, an outdoor tennis court and the heated outdoor swimming pool.  According to Ski Trails in April 1973, almost all of the first phase units had been spoken for and a demonstration unit had been set up by the gondola in today’s Creekside.  By the spring of 1974 a tennis pro, Australian Lex Vinson, had been hired and an advertisement in GWN (meant to attract buyers for phase two) announced, “All apartments feature massive cut stone fireplaces, wall-to-wall shag, private sauna (every apartment has one) and a furniture selection that’s an interior decorator’s dream.  There’s more but you’ll have to see it to believe it.”  It being the 1970s, wall-to-wall shag carpeting was a selling point rather than a deterrent, as was the sunken living room.  Saunas were also popular throughout the Whistler area at the time, though today many of the saunas of Tamarisk have been converted into storage.

Alpine Village was built in a “west coast contemporary style” in the mid 1960s. Though they may look like condominium units, at the time they were sold as part of a cooperative, a different form of ownership.

The units were designed by Vancouver architect Asbjorn Gathe, the same architect who had designed the twelve units of Edelweiss Village near today’s Creekside gondola in 1968 and the Whistler Skiers’ Chapel right at the base of Whistler Mountain in 1966.

The first phase was completed by 1975 and continues to house residents and visitors today, as was the first outdoor tennis court and heated outdoor swimming pool.  The plans for Tamarisk, however, were never fully realized, similar to other cases in Whistler such as Adventures West by Alta Lake and White Gold Estates.

Written by: Whistler Museum

Photo Credits: Whistler Mountain Ski Corporation Collection

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Real Estate Market Report: 2024 Year End 8 Jan 2025, 6:01 pm

Let’s talk about the Whistler and Pemberton real estate markets in 2024. 

Whistler

In Whistler, there were a total of 505* sales in 2024, which is a 2% increase in sales from 2023, but remains 29% below the 5-year sales average. Total sales dollar volume in the Whistler market was $826M, which despite the slight increase in sales from last year, is the lowest dollar volume we have seen since 2019 and 14% below the 10-year average. Prices remained fairly consistent across all product categories when compared to 2023. Regarding inventory, we saw a steady decline of available listings through the back half of the year, with a total of 952 new listings coming to market in 2024, the third fewest in the last 10 years. The median number of days for a single-family property to sell in 2024 was 57, an increase from 43 days in 2023. Days on market remained consistent with 2023 for townhouses, condos and land at 28, 30 and 95 days, respectively. The luxury segment of the market stayed steady in 2024 with 27 sales over $5M, including a new sales price record for a condo sale. As Whistler is excluded from Canada’s foreign buyer ban, international buyers continued to purchase properties in 2024, accounting for approximately 13% of property purchases in the Whistler market last year, with US buyers specifically accounting for 7%.   

Pemberton

There were 108* sales in Pemberton in 2024, up 6% from the number of sales in 2023. The consecutive interest rate decreases the Bank of Canada delivered throughout 2024 helped fuel both sales and increased borrowing power leading to a median sales price of $870,000, a record high for Pemberton. Luxury sales remained on par with last year with 7 sales over the $2M threshold. Regarding inventory, there were 193* units brought to market this year, inclusive of 39 parcels of vacant land. When compared to 2023, median days to sell for a property in Pemberton increased for single family to 53 days and townhomes to 39 days, but decreased for both condos to 27 days and vacant land to 86 days. Buyer’s origin for Pemberton was fairly typical with 39% of purchasers coming from within Pemberton, 35% from Whistler, 17% from the Lower Mainland.  

Looking to 2025, we expect to see increased sales volumes in both the Whistler and Pemberton markets that trend closer to historical averages, as mortgage rates are expected to continue to trend downward and policy changes such as the CMHC insured mortgage price limit increase improve the buying power of consumers. We anticipate the favourable currency exchange rates will lead to an increase in tourism in the Sea-to-Sky region and, in turn, an increase in purchasers from the US and other countries this coming year as our region is a very desirable second home market. With a Canadian election coming later this year and a leadership change south of the boarder as well, we anticipate there will be a variety of policy changes that impact our real estate markets. We are cautiously optimistic that we will see some housing and tax policy changes that will make purchasing or selling a property in Whistler or Pemberton even more attractive.  

*excluding parking stalls

Market Share

Whistler Real Estate Company agents represented 39.1% of the Whistler and Pemberton market in 2024 and helped our clients achieve amazing outcomes.

That’s it for our year end recap. For more information about the market or if you are looking to buy or sell, contact your local Whistler Real Estate Company agent. The Whistler Real Estate Company has been the leading brokerage in Whistler since 1978* and we thank our clients for making us number one again in 2024. Cheers to 2025! 

*Based on statistics taken from the Whistler Listings Systems (WLS) from 1978 – to date

Regulatory Notes

Foreign Buyers Ban

As previously noted, the Foreign Buyer Ban does not apply to the Whistler or Pemberton markets, nor does the Foreign Buyer Tax.

Underused Housing Tax

The Underused Housing Tax (UHT) is an annual 1% tax on residential property owned by non-resident, non-Canadians that is deemed to be vacant or underused by the Canada Revenue Agency (CRA). There are situations, however, where the tax or reporting obligations could apply to Canadian citizens or residents, so it is important to understand whether you are an excluded or affected owner based on your specific situation. We recommend that you talk to your accountant about how it may impact you and your Whistler or Pemberton property.

Residential Tenancy Act Changes

On July 18, 2024 there were significant changes to the Residential Tenancy Act that those who own or are looking to sell or purchase tenant occupied properties should be aware of.  Some of the key changes include: 

• Mandatory landlord use of a new web portal to generate Notices to End Tenancy for personal or caretaker use
• Extended notice period
• The individual moving into the property must occupy it for at least 12 months

It is strongly advised that you seek legal advice to navigate these new regulations effectively if you plan to proceed with a transaction involving tenant-occupied property to ensure compliance with the new rules and ensuring understanding of rights and obligations of the parties involved. More information regarding these changes can be found on the BC Government Website. 

Small-Scale Multi Unit Housing

The provincial government has introduced new housing legislation to update zoning rules to deliver more small-scale, multi-unit (SSMU) housing, with the intended objective of building more homes faster. In most municipalities of more than 5,000 people, these changes can allow for 3-4 units permitted on lots currently zoned for single-family or duplex use, depending on lot size, however strata bylaws may impact this. Get in touch with your local Whistler Real Estate Company agent to learn more about how this may impact your Whistler or Pemberton property or property of interest.

BC Home Flipping Tax

As of January 1, 2025, the BC Home Flipping Tax has come into effect. Please note, this provincial tax is distinct from the existing Federal Property Flipping Tax and specifically targets short-term property sales. Some of the details include:

• The tax applies to income from sales of residential properties, presale contracts, or assignments owned for less than two years
• The rate starts at 20% for sales within 365 days of ownership, decreasing to 0% at 730 days
• This tax applies to any person or entity (individual, corporation, partnership, or trust) selling property within BC, regardless of residency
• Exemptions include certain primary residences

To review all the details, please visit the BC Government Website, as well as the BC Real Estate Association website for a breakdown of the new tax, as well as a comparison with the current Federal Flipping Tax.

The post Real Estate Market Report: 2024 Year End appeared first on Whistler Real Estate.

Arts Whistler Holiday Market 2024 17 Dec 2024, 7:11 pm

The Whistler Real Estate Company loved sponsoring the 33rd Arts Whistler Holiday Market this year.

The Arts Whistler Holiday Market offered two days of handmade and hand-baked delights. With over 65 curated vendors from across BC, Whistler’s largest artisan market showcased unique gifts like fine art, jewelry, ceramics, apparel, and artisanal treats. Visitors enjoyed festive performances by the Whistler Children’s Chorus, interactive family fun with face painting and crafts, and a vibrant holiday atmosphere. Whether shopping for gifts or soaking up the season’s cheer, the Arts Whistler Holiday Market delivered holiday magic for all!

Our table was lively all weekend with children joyfully writing letters to Santa, while our festive holiday bags were a hit, seen throughout the market and taken home by many.

Thanks to everyone who came by our table and to the Arts Whistler team for putting on such an amazing event!

Photo Credits: Oisin McHugh

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