Whistler market is on a downhill slide year after year for the past 5 years. The bench mark price for a Whistler home fell 8% in the past year, 9.5% in the past 3 years, 21.5% in the past 5 years, this is according to Greater Vancouver (REBGV) statistics. Condos on the other hand fared the worst, price declining 12.7%, 33.9% and 41.2% in the past 1 yr, 3 years, and 5 years respectively.
"Whistler is one of the best places to buy" Landcor Data Corp CEO Rudy Nielsen told BIV Vancouver. " The market is definitely down, but you're never going to replace the best places in the world for skiing and recreational use." He added.
The key factor coud be:
- Global economic uncertainty;
- A comparative high Canadian dollar; and
- Tightened lending requirements for buying secondary homes.
However, a turnaround could be in sight as per Ann Chiasson told BIV last week that she sold a home worth $10Million even though the home was formerly listed at $15.7 Million, it's the most expensive Whistler home sales since 2009, she said.
read full story on www.biv.com/article/20130730/biv0111/307309931/0/biv0100