September 2019 Whistler Real Estate Market News

The following video will give you an overview of the Whistler Real Estate Market News for September 2019. The real estate statistics are provided by the Real Estate Board of Greater Vancouver (REBGV). To see the full, five page statistical report, go to the Market Update page. The statistics are linked to the REBGV and they are automatically updated, usually by the 5th of the month at the latest.

Detached House Market September 2019:2018

Clients should be encouraged that this detached house segment is in a strong Buyer’s Market and with the YOY 54% increase in listings and the very low number of sales, it will continue to stay in a buyers market. The  cost of entry into this segment is cost-prohibitive for many local workers who are looking for a principal residence. So it is a waiting game for any seller, especially those sellers in the $5M plus market

September 2019September 2018
Buyer’s MarketBalanced Market
109 Listings71 Listings
9 Sales8 Sales

SOLD: The only detached house, with ski-home access that sold in September 2019 was a 5 bed/7 bath, 5,090 sq. ft. house on Horstman Lane. Built in 2008 and it sold for $9,000,000. This was a magnificent home.

Condo Market September 2019:2018

The question with the condo segment is how many owners will decide to list, or are they committed to the huge revenue they can generate over the Christmas break. Considering the time of year, we could see the sales increase in October, and with a lack of new listings, this will affect a change from a balanced to a sellers market.

September 2019September 2018
Balanced MarketSeller’s Market
100 Listings69 Listings
23 Sales19 Sales

SOLD: The lowest priced ski-in ski-out, 1 bed/1 bath, 575 sq. ft. condo was at the Aspens. It sold for $799,000. So far there have been 6 sales in the Aspens in 2019. This was the second lowest priced sale YTD in the Aspens.

Townhome Market September 2019:2018

Out of the 3 segments, the townhomes saw the largest increase in listings, with the largest drop in sales…so this segment looks like it is moving to a buyer’s market. Due to the lack of locals ability to purchase a detached house they then look at the townhome product, and with the demand, the seller’s have overpriced them accordingly, and they are not selling. I wonder how many sellers and their agents, will start to issue price reductions to respond to the market change? 

September 2019September 2018
Balanced MarketSeller’s Market
87 Listings55 Listings
11 Sales15 Sales

SOLD: The lowest priced ski-in ski-out townhome that sold in September 2019, was a 3 bedroom in the Ridge at Taluswood, on Whistler Mountain. This 1,410 sq. ft., 3 bed/3 bath townhome sold for $1,599,000.

To view other Market Update reports, have a look at the Market Update page on this site. Rather than look at sold listings, have a look at Active Ski-in Ski-out Listings, which are taken from every real estate brokerage in Whistler.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Buying Whistler Phase 1 Condo

Swimming pool at the Aspens

Are you considering the purchase of a Whistler Phase 1 condo? Perhaps in the Aspens? Phase 1 means that the property is zoned for nightly rentals. Can statistics help you determine when to buy real estate? Let’s take an example of a client looking for a one bedroom, Whistler Phase 1 condo. They have narrowed the search down to the Aspens on Blackcomb Mountain. The clients don’t want to buy at the top of a down market, and of course they want to feel as though they are getting value for their money. So, can statistics help them with their decision. Let’s have a look at the video.

Buying a One Bedroom Condo in the Aspens

In the video we saw that in 2018 the gap between a one bedroom condo in the Aspens and the average sales of Phase 1 condo in Whistler was significant, close to $170,000. Meaning that an average sale of a one bedroom condo in the Aspens was 25% above the market average for a one bedroom, Phase 1 condo in Whistler. Anyone who bought in 2018 had their own reasons for buying, but they paid the most above market average than anyone in this segment had in the last 10 years.

However, now in September 2019 the gap between the one bedroom condo in the Aspens, and the market average for a one bedroom, Phase 1 condo is closing. The difference as of September 30, 2019 was 12%. So, if you are considering a one bedroom in the Aspens, you are getting more value by purchasing now, than you were back in 2018, and getting closer to the value in 2017. 

However,  let’s look at the Market Graph for September 2019, produced by the Real Estate Board of Greater Vancouver, (REBGV). It looks as though we are trending out of a balanced market, and creeping towards a seller’s market. This  means that the 12 % difference may start going back up and not down to the 10% spread where it was in 2017. Decision Time.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Understanding the Whistler Real Estate Market Update

This video is about understanding the market update for Whistler Real Estate.  I rely on the statistics provided by the Real Estate Board of Greater Vancouver (REBGV). These statistics can be found on the Market Update page.

Markets and Segments

These real estate statistics are divided into three markets, a seller’s market, a balanced market, and a buyer’s market. Then there are three segments, detached houses, condos and townhouses. The condo segment covers all types of condominiums. These include timeshare, and shared ownership condos. Plus condos zoned for nightly rental, hotel condos and residential condos. It is important to take this into consideration when analysing the statistics.

How to use the Whistler Real Estate Market Update Statistics

To me, statistics are like learning a software program. You start off thinking you need to learn the whole program, but when you really think about it, you need to master 60% of it. So, it might be better to come to terms with why you are digging deep into the stats, when you are going to do next to nothing with the information. When you work with me, I will work with your need for statistics and through analysis, prepare you so you know the value of what you are buying.

In summary, every month if nothing else, have a look at the graph on the first page, and you will keep in touch with what is happening in the Whistler market.  

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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When is the Best Time to Buy Ski-in Ski-out Real Estate?

I was recently asked “When is the best time to buy ski-in ski-out real estate in Whistler?” Back in 2005, when I started selling real estate, there was a best time. However, so much has changed since then. I prefer to educate buyers as we go along on our journey together, so I start by setting a picture. The image was of a seller who still had their property listed for sale at the end of the winter season. In addition, this response applies to all Whistler real estate for sale.

Over the past 14 years, the summer and shoulder season market have been influenced by:

  1. Internet
  2. Highway 99 improvements
  3. Increase in summer visitors to Whistler
  4. Mountain biking market – huge summer market. 
  5. Ease of using Airbnb
  6. Lack of housing for Whistler locals including transient workers
  7. No more slopeside development

It used to be that by March if a property had not sold, then the seller might be more willing to negotiate their price as they would have to wait until the target market started looking again, probably in September. That is no longer the case. The summer visitors are twice the number of the winter guests. In addition, the ease of using Airbnb from afar, and the high demand for monthly rental properties takes the pressure off the seller. These factors are all in addition to the lack of future development in Whistler.

Is there a best time to buy in Whistler?

Once you have watched the video, I am sure you will agree with the following statement. The best time to buy in Whistler is when you find a property that fits your budget, fits your needs and fits a few of your wants.

Whether it is a luxury detached house, or a townhouse or condominium, the market is the same as it relates to the above seven points. I would say that the higher the price point, the more the seller is willing to wait for a real buyer to come along. For those higher priced properties, they sellers are undoubtedly aware of the supply and demand aspect and who is to say they are not right?

My goal as a buyer’s agent is to ensure that by the time you find the property of choice, you understand why the seller has listed it for a specific price. By then you will be well educated and you will be very comfortable with your offer. Then we move on to my specialty, the negotiation.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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KADENWOOD GONDOLA

image of the two cabins of the kadenwood gondola

There is something about the Kadenwood Gondola which sets the tone for the Kadenwood neighbourhood. It is pretty obvious that when a development has its own gondola, those properties are owned by highly successful individuals. Owners who expect privacy, ski-in ski-out access, mountain vistas, and huge, brand new homes. In addition, because time is precious, they want quick access to all Creekside has to offer…and why not!

Riding the Kadenwood Gondola

This video will take you on a the Kadenwood Gondola so that you can see for yourself that it is a 5 minute journey. In addition, notice the proximity to the Creekside Gondola. Traveling by gondola is a great way to stay warm on a winter’s day, until you get to the Red Chair and then it is time to get going!

More Information on Kadenwood

Kadenwood is a major portion of this website. At this time, houses are still being built and with only 60 strata lots in the development at some point the opportunity to purchase a brand new house will have passed. Please click on the following link to view all the houses for sale in Kadenwood. Another page worth viewing is the page with all the information I could gather on Kadenwood.

Local Agent Has Whistler Knowledge

When you are making a decision to purchase in Whistler, it is recommended that you work with a realtor who has lived in Whistler for many years. This is not the time to use a Vancouver realtor, or you will miss out on the history and it is important to make an informed decision.

I have lived in Whistler since 1993 and sold real estate since 2005. Please contact me if you think I would be a good fit with yourself and your family.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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STREET VIEW OF KADENWOOD DRIVE, WHISTLER

view from the top of kadenwood drive over to the mountains

Since Google has not passed by to provide a Google Maps street view of Kadenwood Drive, Whistler, I decided to take this on myself. The reason I wanted to do this, was to help those who are considering the purchase of a brand new house which is ski-in ski-out. Now, that may sound simple: let’s find a brand new home , which is 5,000 sq. ft. plus and it has to be ski-in ski-out. In essence, it is simple, it is Kadenwood and nowhere else in Whistler.

Series Of Videos On Kadenwood

This is the second video I have made on Kadenwood, and I have several more that are underway. Please subscribe to my YouTube channel. When you click the notification bell, you will know exactly when I post those other videos. However, all those Kadenwood videos will be posted on this site as they are very relevant to the niche. In addition, there is lots of information, including past house sales on the Kadenwood page.

Kadenwood Drive, Whistler

Kadenwood Drive is the road that leads up from Bayshores, which is one of the original neighbourhoods in Whistler. The drive lasts 5 minutes when you go at the speed limit, which you will want to do on those corners. Kadenwood strata maintains the road, and this includes hiring a snow clearing company to remove the snow. This is a great plan, as you will hear in the video.

Real Estate For Sale In Whistler

We have posted on this site, a comprehensive list of all the ski-in ski-out real estate for sale in Whistler, posted by all real estate brokerages. The Active Ski-in Ski-out Listings page is a must-view for anyone wanting to track this market. In addition, we are always adding to each of the pages.

However, working by yourself will only get you so far. Best reach out to me, and I can help you hone in on what you are looking for. It is surprising how many times, I receive a call and the caller is convinced there is a detached house, over 5,000 sq. ft., which is ski-in ski-out, and walking distance to Whistler Village. Now, there are options for you which are ski-home, but not ski-in and out. Just as I said, best call me…if you are not already working with a realtor.

Another page you may be interested in is our Market Update page. This will give you an overview of what is happening in the Whistler real estate market.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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KADENWOOD STRATA

image showing the view from Kadenwood Drive overlooking Whistler and Alta Lake

This is the first in a series of videos about Kadenwood. My first video is focused on two points. Firstly, what do the Kadenwood strata fees cover? Secondly, how effective is the strata council? Kadenwood is a 60 strata lot development, 1000 ft up on Whistler Mountain and it is accessible by its own gondola. There is also a scenic road which is a five minute drive up to the Kadenwood Development. I will feature that road on an upcoming Kadenwood video. In the meantime, let me tell you how the strata council manage the monthly fees.

How much are the Kadenwood strata fees?

The strata fees are roughly $1100 per month. This covers landscaping, strata road maintenance, grooming the ski access trails and operating and maintaining the Kadenwood Gondola. Whenever the strata need to purchase a large piece of machinery the strata has requested a sum of money from each owne, called an assessment, or levy.

Maintaining Kadenwood Drive

Kadenwood Drive is the road leading up to Kadenwood development and it is a municipal road. Meaning, the road is not part of, or owned by the Kadenwood strata. However, the strata council recognise the importance of maintaining this road so that it is clear of snow in winter. The strata council therefore pays for the snow clearing on this road. Pretty clever, I think as this way the residents of Kadenwood are not held to the snow clearing pecking order of the municipality. Whenever I have driven up to Kadenwood the road in the depths of winter, the road has been in great driving condition.

Additional Strata Services

The strata council has a paid agreement with Nita Lake Lodge in Creekside to provide a shuttle service to the Lodge after you come off the gondola. The pick-up and drop-off point is at Legends. However, the reality is that you would have to be aware that the Lodge is also servicing their own guests. It is also an easy walk from the Kadenwood Gondola to the Lodge, and they also have lots of underground parking. There is also a discount on food, soft beverages, and sessions on some of the spa services. These are a nice add-on, but would certainly not affect your decision on whether to purchase in Kadenwood. However, it does show that the Kadenwood strata council is thinking of how to assist Kadenwood residents enjoy the access to life in Creekside.

Kadenwood Houses For Sale

Best check out our Active Ski-in Ski-out Listings page for links to all the Kadenwood property listed for sale. These listings were taken from all Whistler brokerages.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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2934 HERITAGE PEAKS TRAIL, KADENWOOD

Look at the floor to ceiling windows of 2934 Heritage Peaks Trails in Kadenwood

The location of 2934 Heritage Peaks Trail in Kadenwood makes it a true ski-in ski-out property. From this property, the access trail to and from Whistler Mountain starts and ends at the back door of the house. Watch my video as I explain, and show you the actual location of this brand new build, and the ease of accessing the trails. There are not many homes in Kadenwood, or Whistler with this ease of trail access.

Privacy and Views from Kadenwood Home

Floor to ceiling windows in the living room and dining area make sure that the house is flooded with natural light throughout the day. A western exposure to the Tantalus Mountain Range provides afternoon sunlight. This leaves the back of the house very private, and cooler. Overlooking a forested area you will find a spacious, master bedroom with a beautiful ensuite bathroom. There is also a deck off this sizeable master bedroom. I believe that deck will be a sanctuary when the house is full of family.

Listing Details of 2934 Heritage Peaks Trail

  • listed with Engel & Volkers Whistler
  • current listing price: $7,999,000 CAD
  • original listing date: May 2018
  • bedrooms: 5
  • bathrooms: 8
  • built: 2018
  • size: 5,365 sq. ft.
  • lot size: 29,403 sq. ft. (0.675 acres)
  • property taxes: $13,812 (2018)
  • GST: not exempt

Photo Gallery

Floor Plan of 2934 Heritage Peaks Trail

The listing agent has commissioned a floor plan to clearly show you the layout of the house. On the main floor at the right hand side you will see the ski room which I refer to in my video above. Note that there is a walk-in pantry behind the kitchen, which would be excellent should you hire one of Whistler’s many personal chefs. Although the pantry is narrow, it is very functional.

Zoning for Tourist Accommodtion

All the properties in Kadenwood are zoned to permit you to legally rent out your property and generate revenue. The Kadenwood zoning is RTA11. With a property of this value, most owners in Kadenwood retain the services of an experienced rental management company. Marion can guide you on sourcing a compatible rental management company. If you are renting the property out, the rental management company will be able to check over your property on a regular basis. This means you don’t need a property management company as well.

Active Listings and Sales in Kadenwood

Click the following link to have a look at the other active listings in Kadenwood. The listings on the Active Ski-in Ski-out Listings page are taken from all the Whistler brokerages. When you are ready, contact Marion and arrange a time to talk about these listings. Marion will give you a concise overview about each Kadenwood home.

For past sales in Kadenwood, have a look at the Kadenwood page where we provide the sales history of this development.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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4914 HORSTMAN LANE

4914 Horstman Lane is located in Horstman Estates on Blackcomb Mountain. Buyers call me when searching for a ski-in ski-out, detached house walking distance to Whistler Village. Unfortunately, I am the one who crushes their dreams. I have to tell them that Horstman Estates is not ski-in ski-out, it is only ski-in. There is a wide ski-home trail off Blackcomb Mountain which means that in order to get to the slopes you would either walk, drive or take the bus. Considering the bus ride is a direct 3 minute ride away, you should always consider the privacy of Horstman Estates. This lovely property is at the entrance to Horstman Estates, and to me that is a benefit. Please watch the video and see it you agree.

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MAP OF SKI-IN SKI-OUT LUXURY TOWNHOMES CLOSE TO WHISTLER VILLAGE

At some point in your search, I expect you will consider ski-in ski-out luxury townhomes close to Whistler Village. This is a natural part of searching for a slopeside property in Whistler. However, it can be a disappointing process. The top developments have built the townhouses with no neighbour above or below, plus a garage to store equipment. In essence, these two factors significantly narrow the search. When you add in the third criteria of walk to Whistler Village, we are down to three developments.

Having sold real estate in Whistler since 2005, I understand that three developments are good odds of finding you a property. However, you may need to view other developments just to be sure of your options. That too, can be part of the buying process.

My role is to help you understand your options. Then, we can hone in, on the development that suits you best. I can help you become less disillusioned with your options, because you will fully understand that you cannot own what is not for sale.

Map of Ski-in Ski-out Luxury Townhomes Close Whistler Village

Map showing the location of Luxury townhouses ski in ski out close to whistler village
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MAP SHOWING LOCATION OF WHISTLER SKI-IN/SKI-OUT REAL ESTATE

Ski-in Ski-out House Close to Whistler Village

Whistler real estate offers very few ski-in ski-out houses for sale on Whistler Mountain or Blackcomb Mountain. Yet, you may be determined to purchase close to Whistler Village. If so, there are basically 10 ski-in ski-out detached houses in the Benchlands which are within walking distance to the village. Some clients are still encouraged by this. Unfortunately, I have to shatter their dreams and explain, yes there are 10 or so, but they are not for sale. In addition, the owners of these properties can basically write their own cheque, because someone always has the budget to pay for what they are selling…if they ever sold it, that is.

shows the location of houses which are ski-in ski-out and close to WHistler Village
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2578 SNOWRIDGE CRESCENT, WHISTLER MOUNTAIN

house on the slopes of whistler mountain

When a house is listed for sale on the slopes of Whistler or Blackcomb Mountain, it is a rare event. Granted, it is more rare on Blackcomb Mountain. 2578 Snowridge Crescent is an opportunity to own a piece of Whistler and be proud of your real estate estate decision. Real estate in Whistler has increased dramatically over the past 5 years. The fact that no more property is being built on the slopes, makes 2578 great investment sense.

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EXPLAINING “D.O.R.T.S.” FORM TO POTENTIAL CLIENTS

whistler Mountain image

The Disclosure of Representation of Trading Services Form is a mandatory form in BC. Courtesy of the BC Council of Real Estate. The form content has to be explained by the realtor, so that you are comfortable signing it. The form basically binds the realtor to you, but does not bind you to the realtor. Typically, I get into the details of the form and the buyer makes a hand motion indicating they are ready to sign it.

I look at this form as the start of a form-filled experience of buying or selling Whistler real estate. It is important to ensure that the correct form is signed at the appropriate time in the transaction, and I am all over that!

The following is an article courtesy of the Real Estate Board of Greater Vancouver (REBGV) of which Whistler is a member.

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Whistler Luxury House Sales in 2018 Compared to 2017

View From the Balcony 20-2300 Nordic Drive

Whistler Luxury House sales in 2018 compared to 2017 either with or without ski-in and ski-out access dropped by 34%. This drop was the same in volume sales dollars, and in the number of transactions. From the chart below, 2017 definitely was the peak of the market. In addition, 2017 was a sellers market, with 2018 being touted as a balanced market.

[table “88” not found /]

If you you look at the numbers in the bracket, they show the number of ski-in ski-out luxury houses which were sold in each year. It doesn’t surprise me that there were less sold in 2018. The inventory was so limited in ski-in ski-out homes that it would really take a lot to part with your Whistler home. I approached owners to ask if they were thinking of selling. The typical response was “…where would I go?” If you own a home with ski-in ski-out access you own the best property in Whistler. There is always going to be someone who wants a lovely home, with easy access to and from the slopes.

The Vail Effect

I was contacted by more American buyers this year, than in the past ten years. Yes, there has always been one or two US buyers each year, but this year there were many more. I put this down the marketing power of Vail Resorts, featuring Whistler Blackcomb as the jewel in their crown. The best part of working with American buyers is that they are knowledgeable about the ski product. In addition, they always appreciate the value of ski-in ski-out property…I like them a lot!

Views on 2019

The luxury home market is one that is difficult to predict as the product over $7M is not as liquid as a townhouse priced at $1.5M. This is obvious as there are a lot more buyers in the other end of the market. One thing I do know, is that the sellers still believe in the value of their Whistler property, regardless of the market conditions. Sellers take the approach that they have a property of value, and if you want it, you will have to pay them what they want for it. You need an experienced, Whistler realtor, like me should you decide to purchase at this level. It really takes a lot to negotiate with this type of seller.

Click on the following link for the Whistler Market Update.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Whistler Development

bedroom image

Future Whistler Development for Ski-in Ski-out Property

Are there any approved plans for more Whistler development of ski-in ski-out property? Short answer is no, there are no approved plans, long answer refers to the Official Community Plan (OCP)…spoiler alert, the answer is still no. This OCP was adopted in 1976 and explains the measurement of bed units. Courtesy of the Resort Municipality of Whistler (RMOW), the following is their definition of bed units.

Managing Future Growth in Whistler

“A bed unit is a measure of development intended to reflect servicing and facility requirements for one person. The bed unit measurement was introduced in Whistler’s first OCP adopted in 1976. It was a means to manage the future growth of Whistler. A consistent measurement with infrastructure capacity, highway capacity and ski lift capacity. Bed units have become a key reference point for the resort community’s understanding of, and expectations for Whistler’s ultimate size and capacity. 

“The distinction between developed and undeveloped is based on occupancy as of year-end, December 31. Determination of ‘Developed’ is made by the issuance of a ‘Completed’ building permit, which indicates occupancy. Undeveloped units are those that have been committed to by Council (either through rezoning or subdivision applications) but have yet to be constructed or completed.”

Assigned Bed Units

The following is my interpretation. Decades ago, Whistler Resort was developed on paper, with a vision for the future. The development of the OCP was a thorough process, involving the community and council. The RMOW factored in that the infrastructure of Whistler could only cope with so many residents and visitors. The result was the RMOW assigned bed units to each residential and commercial building lot in Whistler. This was documented in the OCP, and termed the “bed cap”. This assured all concerned that there could be no more bed units added into Whistler.

Recently, due to the shortage of housing for the locals who live and work in Whistler, the RMOW created more bed units. However, these units were under the Whistler Housing Authority and were going to be built for the locals who provide services to the tourists.

Challenges to the Bed Cap

The big question has always been, how solid is the OCP bed cap? Over the years, any challenge to the bed cap had always been fiercely argued in the newspaper. The arguments came from both primary and secondary property owners in Whistler. The addition of new development in Whistler for ski-in ski-out real estate, has neither been questioned nor argued, so what you see is what we’ve got.

Vail Resorts Development

A few years ago, Vail Resorts published that they wanted to develop an amusement styled, water park on Blackcomb Mountain. With such a development on Crown Land, Vail Resorts would also be able to request a development permit for real estate from the Federal Government. The main response to this article was from the locals. Their response pertained to housing for the local worker who would operate this attraction. That article was published back in 2017. Since then, I have not heard a peep.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Certified Luxury Home Marketing Specialist

Snowridge Crescent and Snowridge townhomes

Luxury home marketing has always been taken seriously by Marion Anderson of Sutton Group – West Coast Realty, Whistler. Every real estate agent wants to represent the luxury home buyer and seller. However, what can you do to ensure that you are working with an experienced real estate agent? The Certified Luxury Home Marketing Specialist™ (CLHMS) designation is a good way to tell.

Certified Luxury home Marketing Specialist logo

Luxury Home Marketing Designation

The Certified Luxury Home Marketing Specialist™ (CLHMS) designation must be earned. It assures affluent buyers and sellers that real estate professionals have the knowledge, experience, and unique skills to meet their needs. Members of The Institute of Luxury Home Marketing who hold the CLHMS designation have documented performance in the TOP 10% of their residential markets. They have successfully demonstrated their expertise in the luxury home and estate market.

Million Dollar Guild Status

The Million Dollar GUILD™ status is recognized as an achievement in luxury markets around the world. This designation assures high-net-worth-individuals that they have chosen the best real estate professional. By achieving GUILD status the agent is remarkably knowledgeable, and experienced. In addition, the agent has the unique skills necessary to meet and exceed expectations for today’s most discerning luxury buyers and sellers.

Luxury real estate professionals achieve GUILD recognition after having completed the luxury home sales and marketing training. In addition, the agent must become an Institute Member, earning the Certified Luxury Home Marketing Specialist™ designation. All of that is topped off with documented performance in the multi-million dollar residential market.

I have proven experience in working with the buyer who is used to first class service. Happy to provide you with references. Have a look at my bio page, Marion Anderson and then please contact me at your convenience. I am here to help you before, during and after the transaction.

It’s a Good Life in Whistler!

Marion 

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Real Estate Closing Process

Whistler Creekside Gondola storage and summer biker

How Does the Vendor’s Mortgage Get Removed From Title?

For Whistler real estate, the real estate transaction closing process is not complicated, however it is a process which takes time. Recently, upon closing a transaction, the lawyer acting for the buyer sent them a copy of the “new” title. The Buyers names were on the title, in addition, so was the vendor’s mortgage. Naturally, this alarmed the buyers as the lawyer had not fully explained the process to them. Although there may be other steps to this process this outline will give you a sense of the basic process:

  • Upon closing, the Buyer’s lawyer (BL) sends the money from the sale, as per the adjustment document to the Seller’s Lawyer (SL).
  • SL then sends the money outstanding to the Bank which held the vendor’s mortgage. This is accompanied by a Discharge Document (DD). The Bank has up to 90 days to sign the DD. Bank returns the signed DD back to the SL usually with 45 to 60 days.
  • Upon receipt, the SL files the signed DD with the Land Title Office (LTO).  LTO filing happens within a few weeks, and when it does, they send notification to the SL that the DD has been filed. Any mortgage held by the vendor should now be removed from the title.
  • Finally, the SL can notify the BL who orders a current copy of the title from the LTO and sends that to the Buyer. In addition to having the Buyer’s name and address on it, the title will be free from any encumbrances. Just as it says in the Contract of Purchase and Sale.

For more FAQ on purchasing Whistler ski-in ski-out real estate, please read the FAQ Buyer’s Page.   

I am here to help you before, during and after the transaction. Please contact me if you are not working with a realtor. 

It’s a Good Life in Whistler!

Marion 

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Ski-in Ski-out Trails in Kadenwood

2935 Big Timber Court, Kadenwood, Whistler, BC

Kadenwood Ski Trail Access

I often get asked about the ski-in ski-out trails in Kadenwood. The development has always been positioned as a ski-in ski-out location with its own Gondola. Initially the development was meant to have groomed trails throughout which would lead to the obvious ski access trails. The development has its own Pistonbully groomer to tackle such a job. I have not seen any evidence of these groomed trails on the streets whenever I have shown property up there. For more information on Kadenwood please click that link to find a wealth of information.

Ski-in Ski-out Trails in Kadenwood

You may need me to help you interpret this map. There are three sets of trails on the map. 1) Ski-home, 2) ski to the slopes, 3)potentially groomed trails within the development. Think of yourself leaving the house first and find out how simple it is to access a brown trail. Then once you have done that, pretend you are skiing home into Kadenwood. Find your entry point and then trace the pale yellow trails to find either the house, or a brown trail which leads you to or close to the property. For a version you can print off, please click this Ski-in Ski-out Trails in Kadenwood link.

Rainfall in Kadenwood

Unfortunately rainfall can quickly dissolve the snow and make ski trails non-existent, especially at the start and the end of the winter season. There is usually no shortage of snow on the ground in Kadenwood. So the ski access trails last all winter season and certainly until Whistler Mountain closes usually at the end of April. Kadenwood is basically 2,000 ft above sea level, and is the highest development on Whistler Mountain. The advantage of the elevation, is that when it is raining in the valley, the freezing level in winter is rarely below Kadenwood. I often hear weather reports which talk about the freezing level is at 1,500 meters which is just below the Round House restaurant on Whistler Mountain. Granted, in Spring when the freezing level drops then rain will fall on Kadenwood. However, by then you may be thinking of sailing or golfing.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

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Suite Rental Income To Qualify for Mortgage in Whistler

Whistler building department

House Suite Can Be Factored Into Your Mortgage Application, With Restrictions.

Using suite rental income to qualify for a mortgage in Whistler is a process. It starts with finding a house with a legitimate suite which the lending institution will accept as authorized accommodation. Some real estate agents in Whistler refer to unauthorized accommodation, as non-conforming, or illegal space. I prefer to use the term provided by the Real Estate Council of BC, which is unauthorized accommodation.

What is Unauthorized Accommodation?

The building plans are presented to and approved by the Resort Municipality of Whistler (RMOW). Through due process everything on those plans would be deemed authorized space. The suite must be in the original building plans. If the suite was added after those plans were approved, the suite would be referred to as unauthorized accommodation.

One of the most common area for change is adding on a suite, or adding on a second suite. The Seller must divulge that there is unauthorized accommodation on the Property Disclosure Statement (PDS). Which is why the BC Council of Real Estate requests that buyer views the PDS before writing the offer. In addition, viewing the property’s file from the building department of the RMOW would also be advantageous. However, most listing agents do not have the RMOW documents on-hand when they rush to list a property, rarely is the PDS completed. So, the buyer could have written an offer and then once the plans arrive, find out that there is unauthorized accommodation. The listing agent may tell us what is unauthorized space, but it really should not be relied upon. We are better to do our own research.

Whistler Mortgage Broker Comments

I asked Karen Garrett of Dominion Lending, Whistler, how easy it was to get financing on a house with a suite. Karen responded “The banks are very strict about lending against unauthorized space. If the contract states something like ‘buyer is aware the suite is non-conforming and illegal’ then it is more likely the lender won’t allow the suite to be factored in to the financings.”

To avoid a misunderstanding, the buyer’s agent should be adding the unauthorized accommodation clause to the contract. This clause states “The Buyer is aware that the property contains unauthorized accommodation and has been informed of the consequences of such ownership and the potential loss of income should the rental use be discontinued.” A clause like that will surely raise the question of “what is unauthorized?” from the lending institution.

How to Spot An Unauthorized Suite

Unauthorized suites are easy to spot. A suite is defined by it’s own exterior entrance. If the entrance is through the main house, that is your first clue. Second clue is the suite does not have a full kitchen, for example, the ‘kitchen’ only has a hot plate, that is not a true suite. Third clue is if there is already one authorized suite factored in for financing. Then you ask to use a second suite in the home. Two suites are not allowed in a Whistler home.

Banks Have An Independent Appraiser

The banks send out an independent property appraiser, hired by the bank to prepare a report on the property you are asking them to finance. This is usually done at the last minute prior to subject removal. So the report will tell them if you have accidentally misled them. These pitfalls should be identified by your real estate agent, before making an offer.

Are you looking for a real estate agent who can help navigate the pitfalls of purchasing real estate in Whistler? Check out the FAQ for Buyers page on this site. Contact me if you are not already working with a realtor.

Marion

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Disclosure of Representation in Trading Services Form

View from the 'back yard' of 26-4501-Blackcomb-Way-Snowy-Creek

Why it Benefits You to Sign the Disclosure of Representation in Trading Services Form

In summary, by signing the Disclosure of Representation in Trading Services Form you are binding the agent you have chosen, to honour four legal duties. These duties are: 1)Loyalty, 2)Avoid conflicts of interest, 3)Fully disclose any relevant information, and 4) Protect your confidentiality (indefinitely).

The Real Estate Council of BC is very serious about this form. To the point where the agent has to email each signed copy to their Broker. The Broker then keeps it on file, for future audits. There are massive fines to the real estate agent and their broker by not following this ruling. The fines can be $250,000. Needless to say, that is a game changer for most realtors. 

In summary, this is not a binding document which ties you to your agent. It actually binds the agent to you legally, and to honour the four duties mentioned above.

Real Estate Board of Greater Vancouver

Please click the following link to view the entire Disclosure of Representation in Trading Services Form.  The following is an excerpt which is taken directly from the form.

Disclosure of Representation Form

Another excellent resource is refer to the Real Estate Council of BC’s website at www.recbc.ca.

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Dual Agency in Whistler

views from Blackcomb Mountain, whistler bc

Dual Agency in Whistler is Banned

The Superintendent of Real Estate for BC, has banned dual agency in Whistler effective June 15, 2018. This is good, ethical practice for the buyer, the seller and the real estate agent. I may be one of the few agents in Whistler who think this is good practice, possibly because I represent more buyers than I list properties. Regardless, I have a strong obligation to serve my clients real estate needs before, during and after the transaction. The transaction should be all about you. The transaction should not be about the realtor, or the team double-ending the commission.

Specifically, the new rules will prohibit the practice of limited dual agency. The move to single agency is a significant change from the practice over the years when Realtors could represent both sellers and buyers in a transaction. BC is the first Canadian province to implement rules that require Realtors to act only for one party.

This new ruling also means that listing agents won’t be able to bring their own buyers to their listing. The listing agent must choose who to represent, the buyer or the seller, or neither. It is such a serious ruling, that the listing agent can provide a fact sheet, but when the licensee receives or solicits confidential information from the buyer then the listing agent must now ask the buyer to sign a Disclosure of Representation of Trading Services Form. The form clearly states, that an agent can only represent one client. Without the form being explained and signed by both the agent and the potential buyer, the agent is at serious risk of a massive fine, $250,000, and a legal hassle.

In addition, the Real Estate Council of BC has banned any team member or any agent who is related, from acting as a referral agent in the transaction. That way, the listing agent will need to refer the buyer to another realtor or help the buyer as an unrepresented party, which is a recipe for disaster.

Courtesy of the Real Estate Council of BC (RECBC)

RECBC has provided the following information on the “Disclosure of Risks Associated with the Dual Agency” document:

“When a licensed real estate professional represents two parties with competing interests in a real estate transaction, it is known as ‘dual agency’. Some examples of dual agency are when one real estate professional represents 1) both the buyer and the seller and 2) two separate buyers who each hope to purchase the same property”

Dual Agency is not Relevant in Whistler

In Whistler, BC, dual agency is not an option. Other remote parts of BC may have the option of a dual agency situation. However, I am not going to go into that on this post since it is not relevant to those who are considering Whistler ski-in ski-out real estate.

Click the link for more FAQ on Whistler real estate which will help you understand the intricacies of buying real estate in Whistler. If you are not working with a real estate agent, please contact me anytime. I am here to help you.

[email protected]
(604)938-3885
Marion Anderson
Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1

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Sales Process for Buying Whistler Real Estate

signpost on lower Franz's leading to Kadenwood

Sales Process for Buying Whistler Real Estate

Sales Process for Buying Whistler Real Estate is explained on this website on the Buying Process page. The buying process acts as a guideline for buyers who want to know what they are getting themselves before they contact a realtor. I use it as a step by step guideline when I first connect with a buyer. This is a great document to guide a first meeting or first conversation.

The buying process:

  1. Buying Process for Whistler Real Estate
  2. Legal Process for Closing
  3. Closing Costs
  4. Professionals for buying Whistler real estate
  5. Sutton Group-West Coast Realty deposit guidelines

Understanding what happens, and at what stage reduces any surprises. Surprises, or shocks cause stress and tension, which is something I work hard to avoid. Another solid read is the Race and Company Buyer’s Guide for a local Whistler lawyer’s perspective on the sales process for the buyer.

Important documents

There are several documents which must be signed-off on as being read and understood. These documents are Working with a Realtor, Title, Property condition disclosure statement and Revenue statements. However, I always request the strata documents from the listing agent, which hopefully they have ordered! The strata and the Depreciation Report are also very important to understanding what you are buying. 

If you are ready, have a look at the Buying Process. If you are not working with a real estate agent, please contact me and I will be happy to answer any of your questions. Link through to my Marion Anderson bio page for more details on me.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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Mountain Biking is Good for Ski-in Ski-out Real Estate

Mountain Biking affect on real estate values in Whistler

I am often asked about Mountain Biking’s affect on real estate values in Whistler. When I started in real estate, a veteran agent said “Marion, real estate is a numbers game. The more people come to Whistler, the higher the chance of them buying.” I was later to find out that he was a mathematician turned realtor. However, his words stuck with me as I sat in the RE/MAX office ready to help any one who walked through the door. When the parking lot at Marketplace was chock-a-block with cars and people, I was pretty much guaranteed an inquiry. It is the same when determining the effect of mountain biking on Whistler. The more popular the sport becomes, the more media is written about the sport, and then there is the TV coverage of riders racing down Whistler Mountain.

By now, I really should not be surprised at the effort the people at Whistler Blackcomb, now Vail Resorts, are putting into attracting summer visitors to our tourist town. If you are looking to buy real estate in Whistler, it really is important to continue to follow, or to quickly catch-up with what is happening with the  proposed Renaissance Project. The replacement of the Wizard Chair and Solar Coaster chair with a ten person gondola is scheduled for spring 2018.

In this article, courtesy of Pique Newsmagazine, the expansion of mountain bike trails on Whistler Mountain at Creekside is reported. Last summer the Creekside Gondola opened for summer uploading for mountain bikers. That must have worked well, because now they are going to build 14 kilometers of new trails just for mountain bikers.

What does the expansion of mountain bike trails mean to owners of ski-in ski-out real estate in Whistler.

Well, it can only mean that the summer revenue which has been sparse, will continue to pick up.  The location of accommodation which is a quick bike ride to the lifts for uploading in Whistler Village, Base of Blackcomb, or Whistler Creekside must surely have the appeal for those who want and can afford the nightly rates. However, bike storage has to be of concern to the guest.

Suspension Bridge coming to the Peak

Did I mention, we are getting a suspension bridge on Whistler Mountain at the Peak? Best read the article, or you may think I am making this stuff up! Please read the complete Pique article on the expansion of the Whistler Mountain bike trails.

If you have any questions about the value of your Whistler ski-in ski-out real estate, please contact me. I am here to help you. I have a page on this site entitled, Investment, which may be of interest to you.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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The Depreciation Report – how important is it?

Understanding The Depreciation Report

There is great value in a Depreciation Report (DR) for the strata. I can see no negatives in it at all. However, some strata councils continue to vote against having a DR completed. Obviously they don’t want to have a to-do list which will result in either increasing the strata fees or having an assessment. Repairs and maintenance are a part of any property ownership. You don’t walk around the outside of your house blindfolded, you look to see what needs to be repaired and then you plan accordingly. I advise my buying clients (insist is a better word) to read the strata minutes, financials, Form B and the depreciation report before writing an offer. To obtain the Depreciation Report once you have an accepted offer, is like buying a second-hand car and then taking it for a test drive.

Marion

Will the Strata Depreciation Report warn me about future Assessments?

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Insurance of Whistler Real Estate for Nightly and Monthly Rentals

Bike Storage Room 4800 Spearhead Drive, Aspens

Insurance of Whistler Real Estate

Insurance of Whistler real estate is a vital part of any property purchase. The contract of purchase and sale confirms that you are legally bound to insure your property effective 12.01 am on the date of closing. Mortgage funds will not be transferred until the bank has documentation which states the insurance is in place. Thankfully, there are a lot of safe-guards to assist the buyer, apart from me calling every day to ask if you have purchased insurance yet!

Kelly C. Hill of the-co-operators insurance and David Livesey & Associates, is my insurance contact in Whistler. I asked Kelly the following questions recently and I know you will be interested in her responses.

1) What is the best type of insurance of Whistler real estate zoned for nightly rental?

This can fall under commercial rooming and boarding insurance. The main benefit to the insured, is the loss of income portion. This is well received by those who have bought the property depending on the income to retain the property. There are several components to this insurance.

2) Does insurance of Whistler real estate zoned for month to month rental different from nightly rental insurance?

Commercial rooming and boarding insurance also applies in this case.

3) How do you determine the insurance fee for a house renting to tenants on a month to month lease?

The rate is based on several points, especially the number of people living in the house. However, it is not unusual for us to come out to inspect the property in order to determine the rate. Furthermore, the insurance policy rate stays in place for a year.

4) When tenants are added to the house what happens to the insurance policy?

The rate stays the same for a year. However, there is a reasonable capacity for any house, so the number of tenants should be considered by the owner.

5) What about unauthorized accommodation in a house? Do you have a policy on that?

We are not the by-law, we insure the property.

6) Is honesty the best policy with the insurance company?

Absolutely, tell us everything and we can get you the best insurance protection.

Here are Kelly’s contact details:

Kelly C. Hill
Associate Insurance Advisor II
David Livesey & Associates Inc.
212-7015 Nesters Road, ,Whistler, BC V0N 1B7
(604)938-6100
[email protected]

Insuring your property should be a priority for any buyer. When a client buys a house, I obtain the current insurance details from the listing agent. That way, the insurance company is familiar with the property and also the content. This is important if there is a fireplace in the property. It is also important if there is significant artwork in the house. Changing insurance companies is a hassle that you do not need to add on to the stress of moving. Visit the page on FAQ on buying Whistler real estate.

It’s a Good Life in Whistler!

Marion

[email protected]
(604)938-3885
Marion Anderson
Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1 CANADA

 

 

 

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Sunridge Plateau Ski-in Ski-out or Not?

Ski-in Ski-out Sunridge Plateau Whistler BC

Ski-in Ski-out Sunridge Plateau Whistler BC appears in many real estate listing descriptions of this development. Unfortunately, it may be true for some properties, but it is plain un-true for the majority of the properties. However, don’t let that put you off considering Sunridge Plateau. There is still a lot of merit to owning in that development. The location to Whistler Village is certainly a key factor, and the ski-home trail is also big plus.

Marion.

Video showing the ski-home trail to Sunridge Plateau

Some real estate listings advertise that Sunridge Plateau in Whistler, BC is a ski-in ski-out location. It doesn’t look like it from Google Earth…what’s the deal?”

Sunridge Plateau in beautiful Whistler, BC is a neighborhood of large, high-end, luxury homes situated on Whistler Mountain. The neighborhood is touted by several real estate agents as being in a ski-in ski-out location. Unfortunately, this is a stretch. No denying that there is access off Whistler Mountain leading into Sunridge Plateau. You can see the trails provided by the strata, courtesy of Google Earth, which I have marked for you:

Showing the ski-trails leading from Whistler Mountain into Sunridge Plateau.
Showing the ski-trails leading from Whistler Mountain into Sunridge Plateau.

Ski-In to your Front Door from Whistler Mountain.

The best ski-in access is when you own a property close to these marked ski-in trails. It is not as convenient if you don’t. Sunridge Plateau is built on the side of the mountain, so it would be tricky navigating the neighbourhood in ski boots. The development is wide so that if you are in the middle of the development and the ski-home trail is at either end, it is still a significant walk home. However, it is simple for someone to jump in the car and pick you up within minutes at these access locations.

Ski-Out to Whistler Mountain from Sunridge Plateau

This is another matter. Watch the video above and you will see that I am not convinced that this is a ski-out trail. I have highlighted the map with the steep section, and it really is steep. Some people may be able to climb this un-groomed trail, but young children and those of an intermediate fitness level will not…simple as that.

Showing the different gradients of the ski-out trail.
Showing the different gradients of the ski-out trail.

Do any Sunridge Plateau Properties Have True Ski-In & Ski-Out Access?

There are a few locations at the very top of Sunridge Plateau which could be called true ski-in ski-out property. Please note, the above Google Earth map was taken years ago, and Sunridge Plateau was approximately 80% built-out by the end of 2017.

“When you see the ad and it says ski-in ski-out in Sunridge, question the realtor about the access and ask them for details. If you are not working with a realtor,  contact me, Marion Anderson (604)938-3885. I will advise you on whether the house is a true ski-in ski out property.

It’s a Good Life in Whistler!

Marion

[email protected]
(604)938-3885
Marion Anderson
Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1 CANADA

 

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Managing your Whistler investment as a non-resident

Aspens' hot tub and pool

Managing your Whistler property from afar as a non-resident is easy. You just need to identify what services you require. I guarantee there will be a person or company in Whistler who will provide those services for a fee. Whistler was built on entrepreneurs who identified a service that was needed, and then built a business around it. Whether you own a condo, a townhouse or a luxury house, there is someone in Whistler who will provide service to you.

What Property Management Services Are Available to Me?

All you have to do is Google property management services in Whistler. There will be a good selection of companies.  When you purchase a condo there may be a front desk management company. That is your first point of contact to manage your condo. If there is no front desk, then there will be several management companies involved with the building, so choose the best fit.

Before, During and After the Transaction

I offer my clients real estate service before, during and after the transaction.  You cannot be expected to manage the property from overseas. I ensure that you are connected with the people who can help you manage your property. That service can be someone who will help you prepare for your visit to Whistler, and make sure your property is ready for your arrival. In addition, let me connect you with the support system who will assist you in setting up all you need so you can enjoying the time you spend in Whistler. 

You may be interested in the Investment in Whistler real estate page on this site, which has revenue examples. Contact me at your leisure, and let’s talk about what you need, so you can own, and fully enjoy your piece of the Whistler.

It’s a Good Life in Whistler!

Marion

[email protected]
(604)938-3885
Marion Anderson
Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1 CANADA

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What is a strata Form B?

The exterior of the Le Chamois complex building

Strata Form B is a Requirement of any Whistler Real Estate Contract

What is a Strata Form B? Is a typical question I get asked with every buyer I work with. The strata Form B is a financial snapshot taken on a specific date of both the particular strata lot or unit, and also the strata corporation. Every condominium building and every townhouse development is run by a strata. The ski-in ski-out homes on Snowridge Crescent also have a strata. So, the Form B is a regularly requested document.

Once the offer has been accepted, the form B is prepared by the strata manager. It is then signed off by the strata management company, i.e. the company hired to manage the building and land.  It can also be signed by a someone on the strata council, i.e. the group of owners elected to represent all the owners and liaise with the strata management company.

What type of Questions are on the Form B?

The Form B answers a lot of questions for a buyer, e.g. is the parking stall(s) assigned? Is there a storage locker for the unit? The questions pertaining to the strata ask for confirmation as to any judgements or legal proceedings against the strata. Furthermore, it asks for financial and budget figures.

Acting as your real estate agent, I really want you to know the answer to these questions before writing an offer. Typically, the listing agent does not order the Form B until an offer is accepted. This means that it can be tricky getting this information in advance. In that situation, the receipt and approval of the Form B is written into the contract as a subject. This is a condition which must be satisfied by the buyer.

I have added a copy of a blank strata document as provided by the British Columbia Real Estate Association (BCREA) 2018. The form will identify the sort of information that is available to you. Please note the following Form B is a courtesy copy for information purposes only:

In summary, click the link for a clearer version of the Strata Form B.  Furthermore, you may be interested in the other frequently asked questions (FAQ). These are on a separate page on this site, please click the following link  Buyer FAQ. 

[email protected]
(604)938-3885
Marion Anderson
Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC V0N 1B1 CANADA

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