Whistler Ski-in/Ski-out Real Estate For Sale

March 2025 Market Update

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Reviewing the stats for February, and analyzing them with my Whistler colleagues, the conclusion reached…the Whistler real estate market is in a holding pattern, with nothing of note happening. Yes, there was a modest increase in sales and inventory with a slight decrease in new listings, but the excitement of buying a property in Whistler is not as prevalent as it was in early January. However, this stale market does expose those who need to sell. Buyers who know what they want, there are opportunities waiting. In February there were:

40 sales
270 listings available for sale
73 new listings
sales to active listings ratio was 15%.

Do non-residents pay UHT on phase 2?

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Yes! Phase 2 properties can be identified by the hotel name attached to the building, for example, the Westin. These are business income properties and for non-residents, the 28 days of use still applies to avoid the 1% UHT penalty.

The benefit of a phase 2 over a phase 1 is that you can use your phase 2 for up to 56 days and then rent out the rest of the year. Whereas the owner of a phase 1 property is up to 35 days of legal usage, and then must rent it out the rest of the year, if they are renting it out at all. Now that’s 3 weeks of legal use difference.

#1 Risk when buying nightly rental property?

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Getting the business license! This license application takes place once you own the property. The municipality will send an inspector to check the property against the original building plans, and any renovation plans they have on file. If there’s anything that differs between those plans and your property that’s when the headache begins.

When there’s a delay in getting your business license it means that no revenue is being earned.

What are the 4 types of investment real estate?

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4 types of investment property, therefore 4 types of tax considerations for non-residents and residents purchasing real estate in Whistler: 1) rented nightly, 2) business income, 3) rented monthly, and 4) never rented.

Next, determine the intent of your purchase, How do you intend to use the property? How often will you use it? Do you need the property to earn revenue and if so how much? Is it an asset class you’ll purchase and never use?

Can non-residents buy Whistler real estate?

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Yes!! There is no foreign buyer ban in Whistler, British Columbia. Non-residents are welcome to buy Whistler real estate.

The Government of Canada announced that the foreign buyer ban would extend to January 2027, and after that who knows! I’m Marion Anderson, and I help people buy real estate and Whistler.