Buyers are back, adapting to rising interest rates and immigration
Whistler, British Columbia
2023 RE/MAX Cottage Trends Report
• With continued low inventory and rising immigration, buyers are coming back into the market. They're adapting to current interest rates, which has resulted in renewed interest in the market, especially within the last quarter.
• The Foreign Buyer Ban has created confusion about who can and cannot buy a property in Whistler - Whistler is not in a Census Metropolitan Area and is currently exempt from the Foreign Buyer Ban.
• Buyers in the Whistler market have access to high-demand features such as waterfront locations, recreational activities and good Wi-Fi. Their concerns are typically with use restrictions and anticipated rental revenue when they’re not using the property.
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$1,623,452
2023 (January-March)
average price
$1,873,702
2022 (January-March)
-13%
Year-Over-Year
-48.2%
Year-Over-Year
222 unit sales
2022 (January-March)
115 unit sales
2023 (January-March)
Sales stats
market outlook
No change
2023 Price Estimate
-13%
Year-Over-Year
$1,873,702
2022 (January-March)
$1,623,452
2023 (January-March)
Average price
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