What is Phase 1 and Phase 2 Zoning?
One of the most buyer FAQ Whistler ski-in ski-out real estate questions I am asked is on the clarification of zoning. This question is typically asked by those who are considering the purchase of a revenue-generating property.
What is Phase 1 zoning?
The Phase 1 covenant is in place to maximize the occupancy of properties for use by owners and visitors. In other words, Phase 1 zoning allows for nightly rental revenue generation. In addition, the owner is allowed to use the property for themselves. Please note, that it is not as simple as that statement might suggest, as there is a GST implication that should be considered. Some, but not all Phase 1 properties have a covenant that requires the condo or townhouse to automatically be in a rental pool when not in use by the owners.
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