Legal and Financial

Stay Informed on the WHISTLER MARKET

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Estimated reading time: 3 minutes

Quick Market Stats – May

Sales: 42
New listings: 87
Inventory: 311
Market type: balanced

In summary, there were 190 sales for the first five months of 2026 compared to 186 for the same time last year. Therefore, 2026 is on trend with 2025, and prices are holding steady. So if you want to pay a better price, you need to retain a better negotiator.

Key Takeaways: Sales and New Listings Q1

2026 Q1 Sales: 116
2025 Q1 Sales: 106
2024 Q1 Sales: 115
2026 Q1 New Listings: 205
2025 Q1 New Listings: 247
2024 Q1 New Listings: 237

How do I FINANCE construction?

Estimated reading time: 4 minutes

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Key Takeaways

Financing a house build in Whistler involves buying land and covering construction costs before receiving loan funds.
Borrowers must inject their funds into the project before the lender releases borrowed money; the lender controls the draw process.
Non-residents can obtain a mortgage in Canada, but specialized construction financing is often required.
Borrowers must cover any construction cost overruns with their own funds, as loans can’t easily increase mid-flow.
Getting the right local builder and mortgage broker can ensure a smoother financing experience in Whistler.

What is important for property INSURANCE?

Estimated reading time: 9 minutes

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Key Takeaways

Getting insurance for a detached house takes time and requires specific documents, particularly related to water and fireplaces.
Key documents include home inspection reports, WETT certificates for wood-burning fireplaces, and details on plumbing and roofs.
A buyer should gather all necessary information in advance to avoid last-minute issues with coverage before closing.
Insurance agents prefer properties with alarm systems and water shut-off systems; these features can help secure coverage.
Inform your insurance provider about any upgrades or improvements to ensure adequate coverage for contents and property.

What do I need to know about FINTRAC?

Estimated reading time: 8 minutes

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Key Takeaways

FINTRAC is Canada’s financial intelligence unit, aiming to prevent money laundering and terrorist financing through strict identity verification procedures.
Real estate agents must verify clients’ identities and the source of funds, with serious consequences for non-compliance.
As of October 2025, realtors are legally responsible for collecting information on unrepresented parties in transactions.
When buying through a corporation, directors must provide documents like certificates of incorporation and corporate bylaws for compliance.
The lawyer does not collect FINTRAC information, making realtors the sole data collectors for this purpose.

Why is the STATEMENT of ADJUSTMENTS important?

Estimated reading time: 3 minutes

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Key Takeaways

The Statement of Adjustments is a financial statement detailing debits and credits for both Buyer and Seller during a real estate transaction.
In British Columbia, the Buyer’s lawyer prepares the Buyer Statement of Adjustments and the Seller Statement of Adjustments.
Adjustments include property taxes and utility charges, typically calculated based on the adjustment date, not the completion date.
The Statement of Adjustments is signed by both parties a few days before the completion date, often in the presence of a lawyer.
For assistance with real estate in Whistler, contact Marion Anderson at Sutton Group – West Coast Realty.