October 2025 Market Update

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Let’s talk sales. This year, the highest number of sales was in May at 45 sales, and the lowest was in July at 31 sales. In September, we had 42 sales. So, that’s only 3 sales off the peak of 2025 so far. Year-over-year, that’s a 27% increase in comparison to the 2% increase reported by the Greater Vancouver region.

When comparing the sales of the first three quarters of 2024 to 2025, there was a 5% drop in sales, but that translates to 16 sales over 9 months, which is less than two sales per month.

What does this mean for you, the buyer? Well, if you’re waiting for the market to slow down because it’s done so in Greater Vancouver, you may want to reconsider. It’s business as usual and has been for the past 2 years. Another reason sellers are reluctant to lower their prices.

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BC Short Term RENTAL REGISTRY

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BC Short Term Rental Registry

Under the new legislation, short-term rental hosts are required to display a valid business licence number on their listing on any short-term rental accommodation platform. If the listing does not follow the local government’s business licence requirement, the local government can require the rental platform to remove the listing. Rental platforms need to validate their listings with a provincial registration number.  

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How do I FINANCE construction?

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There are two components to financing a house build in Whistler, #1 the cost of buying the vacant land or land with a tear-down house on it, and #2 determining the construction cost of the build.

In Canada the borrower does not receive a lump sum from the lender in advance of the construction. The borrower must inject all their funds into the project before the lender will release the borrowed funds. The lender controls the draws ensuring the build has enough money to complete at every draw. Based on the budget any overruns need to be covered by your own funds, as the loan cannot easily be increased mid-flow.

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Do non-residents pay UHT on a QUARTER-SHARE?

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I own a quarter-share in Whistler, do I pay Underused Housing Tax (UHT)? Yes! The quarter-share property has one freehold title, which is divided into four shares termed sub-leases. The non-resident owner of each quarter-share must use the property for 28 days to avoid paying a penalty.

Now this is where it gets interesting. Should one of the owners buy out one or more of the other three sub-lease owners in the same title or deed, the UHT requirement for that person stays at 28 days. For example, 101 A, B, C, and D, the owner of Unit 101 A and B is now the same non-resident. But, only 28 days of usage is required, not 2 x 28.

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Do non-resident CANADIANS pay UHT?

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Do non-resident Canadian citizens pay Underused Housing Tax (UHT) on their Whistler property? Well, regardless of where you live in the world and how long you’ve lived there for UHT purposes you’ll be recognized as a Canadian citizen, rather than a non-resident. Therefore, you are exempt from the UHT penalty.

However, in order to qualify for the status you need to have your personal name on the title. You cannot be a Canadian citizen who owns the property in a company name, and expect the same relief.

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