Greetings from Whistler,
Your 2023 property assessments should be in your mailboxes now or can be viewed online at bcassessment.ca. Wondering how property value assessments affect your municipal taxes? The percentage increase or decrease in the value of your home after your BC Assessment does not necessarily equal the same percentage increase or decrease in your municipality taxes. Watch this video for a detailed explanation.
As we settle in to 2023 we will be bringing you a full year end update but here is a little snapshot in advance.
In Whistler, there were a total of 574 sales in 2022 (including all categories), which is the second lowest annual unit sales volume we have seen in the past 10 years, yet the second highest sales dollar volume with just over $1B in total market sales volume. Despite lower or falling property prices in certain regions of the country, prices in Whistler remained strong. The median sales price of a Whistler property in 2022 was $1,200,000, up from 1,050,000 in 2021 and a significant increase from $823,600 in 2019. In regards to inventory, Whistler started the year off at historic lows, and inventory has increased slightly throughout the year, but still sits about 40% below the 10-year average – Whistler is currently sitting at 183 active listings. The Luxury Market remained strong throughout 2022 with 55 sales over $4M over the course of the year, with a top sale price of $17,250,000 for this spectacular home at 2984 Trail’s End Lane. In Pemberton, there were 93* sales in 2022. This was the slowest year for sales since 2013, which was likely the result of both a lack of move-in ready inventory and also the rapid interest rate increases decreasing the purchasing power of buyers. The median sales price of a Pemberton property was $829,000, up from $757,000 in 2021 and $508,000 in 2020. Currently Pemberton has 44 active listings.
As a reminder, both Whistler and Pemberton are exempt from Canada’s foreign buyer ban and we are still open to international investment. Let us know how we can help you make your next move!
Here are this past week’s numbers for you:
Have a great week,
Lynne Venner & Tracey Cruz
Your Mother/Daughter Team
Photo above – Guy Fattal, Tourism Whistler.
*Note: All statistical information provided from sources deemed to be reliable. Information provided is based on data collected from Whistler Listing Service WLS and MLS.
30-8030 Nicklaus North Boulevard
This gorgeous townhome is a rare opportunity to own in the highly desirable Englewood Greens complex within the Green Lake Estate neighbourhood and conveniently located next to the scenic Nicklaus North Golf Course. This meticulously cared for 3 bedrooms plus den feels like home as soon as your step in the front door. The open concept living space is perfect for entertaining and the private outdoor patio or deck are the perfect spots to unwind after a day on the slopes. With the bedrooms located on the upper level the primary suite sure to impress with stunning views, great closets and a spacious ensuite. Enjoy biking, skiing, golfing and family fun, as this complex is in an outstanding location to take in all that Whistler has to offer! Englewood Greens is exactly what you have been looking for with the flexibility to be used for nightly rentals. Looking for the perfect escape or somewhere to call home in Whistler? It really does not get better than this! This property zoned for nightly rentals, GST paid.
SLRD Regional Growth Strategy highlights progress made on housing, transportation and emergency preparedness
“With a handful of significant housing projects in the planning stages or under construction, a rapidly changing demographic, and rising demand for inter-regional trail and bus connections, the Squamish-Lillooet Regional District (SLRD) has a lot on its plate for the coming year.
The SLRD Regional Growth Strategy (RGS) helps guide how the regional district takes on these challenges and serves as a broad policy framework that sets the direction of population growth in the SLRD for all areas except Area A.
At the Dec. 14 SLRD board meeting, directors listened to an annual update on the progress of the RGS’ 11 goals, which provided a snapshot of the accomplishments met in 2022—and what will guide the regional district going into 2023.”