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What is FINTRAC?

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit whose mandate is to prevent and deter money laundering and terrorist financing. In order to meet this objective, FINTRAC requires all real estate agents to verify the identity of all their clients and unrepresented parties to a real estate transaction.

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Non-Resident: Buying

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Buying Real Estate as a Non-resident

Important: in 2023 and 2024 there is no Foreign Buyer Ban in Whistler. Everyone is still able to buy real estate in Whistler. Therefore, this post is for non-residents of Canada who are considering buying real estate in Whistler. Due to the complexities of buying property best to review the Non-resident: Buying page on this site for the full details. It covers the basics of financing and the transfer of funds once you have found a property.

The table of contents on the Non-resident: Buying page includes the following topics:

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Multiple Offers

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Disclosure of the Multiple Offers

With limited supply and increasing house prices, multiple offer situations are becoming more prevalent, and buyers are getting frustrated with the home buying and selling process. 

The following information was provided by the Real Estate Board of Greater Vancouver (REBGV). It explains why seller’s agents are required to complete the new Disclosure of Multiple Offers Presented (DMOP) form and communicate to each buyer’s agents who participated in a multiple offer situation.

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Benchlands Area

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Where are the Benchlands?

The Benchlands is an area in Whistler, that was developed in the eighties. The area was designated as prime real estate as it was within walking distance of Whistler Village. In addition, the Benchlands had developments slopeside on Blackcomb Mountain, and developments linked by a network of paths to allow easier access to the slopes. It was deemed by the council of the day, that this prime location would be where the tourists would want to rent, so it was all zoned for nightly rental. The council was right.

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