What is the zoning for nightly rentals in Whistler?

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In simplified terms for Whistler real estate, there is Residential Zoning and Tourist Accommodation Zoning, and a combination of both. Meaning that some residential properties that you can use as a residence can also have a rental covenant which you can activate or not. Properties with only Residential Zoning may not be marketed as available to tourists, for any length of time.

Under the Tourist Accommodation Zoning, there is a Phase 1 Rental Covenant or a Phase 2 Rental Covenant. To obtain a business license and market a property as Tourist Accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. 

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How to calculate Property Transfer Tax?

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Property Transfer Tax (PTT) is the Government of British Columbia’s tax on the purchase of real estate. The tax is charged at the time of closing and the transfer of title from the seller to the buyer. Financial institutions will not include PTT as part of your mortgage.

You are charged property transfer tax when you make changes to a property’s title, including but not limited to:

  1. acquiring a registered interest in the property
  2. gaining an additional registered interest in the property
  3. becoming the registered holder of a lease, life estate, or right to purchase for the property

The property transfer tax rate is:

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Why do I need to sign the Representation form?

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This post is about Representation and the benefit of signing the Disclosure of Representation in Trading Services (DORTS) form. In summary, by signing the DORTS form, you are binding the real estate agent to honor four legal obligations:

  1. Loyalty
  2. Avoid conflicts of interest
  3. Fully disclose any relevant information
  4. Protect your confidentiality (indefinitely)
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