Key Points
- High Property Values:
- Single-family homes are assessed at a typical value of $2,821,000, with condos and townhomes valued at $1,344,000. Both categories saw slight declines from the previous year, but Whistler remains one of the priciest markets in British Columbia.
- Low Inventory Levels:
- Only 838 units were listed over the past year, the lowest in the last decade. This scarcity, paired with steady demand, has contributed to maintaining property value stability.
- Exemption from Foreign Buyer Ban:
- Whistler is not subject to Canada’s foreign buyer restrictions, maintaining its attractiveness to international investors, unlike many other markets in BC.
- Interest Rates and Market Dynamics:
- Anticipated declines in interest rates may increase buyer activity in 2025, leading to greater competition in Whistler’s limited market.
- Tax Increases:
- Whistler has implemented an 8.25% property tax increase for 2025, potentially impacting holding costs for investors and homeowners.
These factors collectively highlight a market with limited opportunities but significant long-term investment potential.