Thanks so much for checking in!
The market is just starting to pick up here in Whistler, Squamish, and Pemberton after a quiet couple months characterized by low sales volume. The lower priced properties continue to be the hottest commodity for buyers.
The Bank of Canada has chosen to hold rates yet again which is beginning to inspire confidence in buyers and even pull some off the bench! Many are still holding their breath for a rate reduction but I have been advising buyers to act now instead of waiting for a rate drop. I think there will be a significant increase in demand later on in 2024/early 2025 if this occurs. One of my favourite sayings is "don't wait to buy real estate, buy real estate and wait."
The Government has also come up with some great new incentives for first time home buyers, rental building investors and new home construction. Here's a link to a great article from one of BC's Leading Real Estate Lawyers:
https://bcrealestatelawyers.com/bc-budget-home-flipping-tax-and-a-land-act-reversal/
Whistler & Squamish Stats can be found here:
https://www.dropbox.com/scl/fo/7ew9nohicbbiytlx1grf3/h?rlkey=vghmsx2k7dyzf2g0gnxycrqbd&dl=0
Have a great March! I'll look forward to our next update in the spring!
Best Regards,
Kerry Batt
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.