Marion Anderson Personal Real Estate Corporation SUTTON GROUP – WEST COAST REALTY
A Balanced Market suggests to some that there should be a lot of action happening in the Whistler real estate market. After all, there has not been this much inventory since September 2020, and there are plenty of Buyers.
There is no Foreign Buyer Ban in Whistler. Everyone is still able to buy real estate in Whistler. Therefore, unlike many other Canadian locations, Whistler welcomes foreign buyers. The Government of Canada announced that this Foreign Buyer ban for Canada would be extended to 2027.
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The LLC arrangement for business ownership is not offered in Canada. A Canadian business can not be located in Canada (on paper) and run as an LLC. This is why many Canadian companies operate as LLPs (Limited Liability Partnership) instead of LLCs. This would be a topic for a British Columbia lawyer, not a Whistler realtor.
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Yes. The non-resident owner of Whistler property can legally use their Phase 1 rental property for 28 days while maximizing nightly revenue. This legal aspect was not the case before UHT came into effect. In addition, it all depends on who is on the title deed. For more information, read the Non-Residents: Underused Housing Tax page on this site.
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Insurance coverage for loss of income, is important when you purchase a property in Whistler that other people will be renting from you, either nightly or monthly. Included in the budget to buy a rental property is revenue, so what happens when the revenue stops?
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Documents to provide include a home inspection report, strata documents, property disclosure statement, plus images of the fireplace, hot water tank, and a list of contents and upgrades, etc. To obtain property insurance in Whistler, your realtor will supply you with the documents needed to insure your home. This should occur long in advance of the completion date in case there is something on the property that the insurance will not cover.
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