Blog by Dave Burch

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Uncertainty Affecting Whistler Real Estate Sales

 The uncertainty surrounding the world’s financial economy is being felt in Whistler.  This uncertainty has affected consumer confidence and slowed the urgency of some buyers.

What do we know?  Our inventory of listings has grown in 2008.  Sales are down.  Tightening financial lending policies have made it more difficult for some purchasers to qualify for funds.  Mortgage rates are trending slightly higher.  Housing markets in Vancouver, Canada and N. America have slowed.

Whistler’s Market strengths: Countering these downward forces in Whistler is a near 0% vacancy rate and increasingly high rental rates, increased media focus on 2010 Olympics, the excitement of the new Peak to Peak Gondola, a limited supply of real estate and Whistler’s international reputation.  Also, Whistler has not had the same year-over-year increase in value like Vancouver and the rest of the N. America over the past 5 years.

 I feel there is opportunity now in the market. Our strengths and unique position continue to make Whistler a desirable place to be.  Life is good in Whistler.

This entry was posted on October 6th, 2008 | Posted in Real Estate

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