Yes!! There is no foreign buyer ban in Whistler, British Columbia. Non-residents are welcome to buy Whistler real estate.
The Government of Canada announced that the foreign buyer ban would extend to January 2027, and after that who knows! I’m Marion Anderson, and I help people buy real estate and 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 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.
Four Types of Investment Property
There are 4 types of investment property and therefore 4 types of tax considerations for non-resident individuals investing in BC Real Estate. It is important to know how often you want to use your property for personal use before you start looking at real estate in Whistler. Your personal usage will guide your realtor as to what will work for you and your family.
Main Difference between Resident and Non-Resident Buyers
The process of buying a property is basically the same for residents and non-residents alike. The Buying Process is outlined in detail on a separate page. The main difference is the transfer of funds. This can become stressful, as the Contract of Purchase and Sale has a completion date that if not adhered to will cause the collapse of the contract and the seller keeping the buyer’s deposit. In addition, if the funds are delayed and the seller is still keen to complete the transaction, the seller will probably ask for financial payment in order to not void the contract and keep the deposit.
Next Steps
If you think I would be a good fit to work with you and your family, and you are not already working with a Whistler realtor, please contact me. My name is Marion Anderson, and I help people buy real estate in Whistler.
Marion Anderson Personal Real Estate Corporation
Sutton Group – West Coast Realty, Whistler
marion@marionanderson.com (604) 938-3885