Category: Legal and Financial

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January 2025 Market Update

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Whistler Real Estate Market Update January 2025.

No surprises with the December stats. December is the month when properties that are zoned for nightly rent will come off the market so that the owners can rent them out over the lucrative Christmas New Year holidays. These two weeks generate the highest nightly rental rate however, if the property is rented there’s no access to show the property to potential buyers. In my experience, most sellers opt for revenue over hope.

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Property Insurance

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For Property Insurance, What Documents Will The Insurance Agent Need?

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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Financing Construction

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How Do You Finance Construction in Whistler?

Two components to financing a house build in Whistler, 1) the cost of buying the vacant land, or land with a tear-down house on it, and 2) determining the construction cost budget of the build.

When are the Funds Released to the Borrower to cover Construction Costs?

In Canada the borrower does not receive a lump sum from the lender in advance of construction. The borrower must inject all their funds into the project before the lender will release the borrowed funds.

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