Non-Resident: Buyers Welcome
Can Non-Residents Buy Real Estate In Whistler?
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.
Continue reading “Non-Resident: Buyers Welcome”Non-Resident: LLC Purchase
Can American Buyer Purchase Whistler Real Estate as an LLC?
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.
Continue reading “Non-Resident: LLC Purchase”Non-Resident: Underused Housing Tax (UHT)
What’s the Latest on UHT and Non-Residents Buying Whistler Real Estate?
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.
Continue reading “Non-Resident: Underused Housing Tax (UHT)”Insurance: Rental Property
Does Nightly Rental Property Need Special Insurance?
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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