Yes. Whistler was excluded from the Government of Canada’s ban on foreign investment which is in place until 2027.

Yes. Non-residents can buy any type of real estate in Whistler: residential, tourist accommodation, nightly rental, fractional ownership, land, and commercial.

Transferring the funds seems to be the biggest challenge for non-residents which can be overcome with careful planning.

Yes. An experienced mortgage broker will secure financing for you through Canadian banks.

No. There are no plans for additional ski-in ski-out real estate in Whistler.

Yes, Marion Anderson, an experienced Whistler realtor offers pages of information on her website, she is the only one who provides this level of detail. check out her website and decide for yourself.

No. If there is no mortgage financing you should be able to sign the completion documents from your home country.

Yes. The local builders have all worked with owners who are renovating, or building from afar. Don’t sweat it.

The Brokerage representing the Buyer will hold the deposit in trust. The deposit is wired directly to that brokerage’s bank account.

Directly to the Buyer’s Whistler or BC lawyer where the funds are held in trust.

The Buyer needs to buy content insurance and insurance that covers water damage. The strata may require proof that insurance has been purchased annually.

Yes. There must be adequate insurance on a vacant lot to cover anyone hurting themselves. Do not be stingy with insurance.

Many owners in Whistler work with a builder to achieve renovations and full builds. It is all in the planning.

Yes, there is a good chance the Canadian bank will want you in one of their Canadian branches to sign the mortgage documents. This is determined when you ask the bank for a mortgage.

There should be no pitfalls if you follow the advice of your realtor and lawyer. When there is bank financing, transferring your funds out of the bank may involve you coming to a Canadian branch to release those funds.

Non-residents pay 25% of the gross rental income to the Canada Customs Revenue Agency. This could be considered a pre-payment of taxes.

Yes. It can be reduced to 25% of net income after expenses when the non-resident and rental manager sign the NR6 form and get the CRA’s authorization.

No. GST is a tax and is separate from paying tax on income earned.

It depends on whether your property is generating revenue. If it is, then yes you do.

Yes, if you own a property that is generating revenue, you will need an accountant.

No. It is a different process for non-residents. The Government of Canada wants to ensure that non-residents pay all their taxes before leaving the country.

The tax rate is 50% of the net capital gain.

After considering the market conditions, selling by October should allow the non-resident time to receive their Compliance Certificate and file their personal tax return by April 30th.

There is no deadline. However, receipt of the Compliance Certificate allows the non-resident to file their personal tax return by April 30th.