STATS & MARKET NEWS

As one of the most dynamic resort areas in North America, the success of Whistler has also been paralleled by the real estate values in the area. From a small weekend ski town in the 70's to an international resort today, since that time real estate values have risen steadily with major additions in infrastructure, amenities and ski area terrain. The resort continues to evolve and as such, so does the real estate market in the area. Combined with the natural beauty and close proximity to Vancouver, the bed unit cap is probably the single most defining factor as to why real estate in the area will continue to rise in the future. Whistler has a strictly managed community plan which continues to keep growth limited within the resort, thereby limiting supply.

Since 2003 real estate values have held a consistent level on average moving up and down +/- 10 percent. Even during the recent recession of 2008-09, Whistler property values faired relatively well for a market comprised largely of secondary home owners. The foreclosure rate was minimal and property values dropped slightly, however no where near the rate that they did anywhere else in the country. This only further validates the quality of ownership and the unique nature of the area.

Up until recently Whistler was best known amongst the skiing community around the world, with little recognition beyond its skiing patrons. Today, we are gradually starting to realize the exposure of the Olympics with increased occupancy rates as more visitors and destination travellers discover the multitude of other activities that Whistler has to offer. It has been a commonly held opinion that the Olympic exposure will serve to create futher upward pressure on values in the future, as people visit and discover the Whistler area.

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