Brexit and the Whistler Real Estate Market

brexit-whistler-real-estate

brexit-whistler-real-estate

It came as a shock to many when on June 23, 2016 the United Kingdom voted to leave the European Union, 52% to 48%. The leave vote has resulted in financial turmoil in the United Kingdom, with ripple effects being felt through Europe, Asia Pacific and North America. The British Pound dropped to a 35-year low, the commercial property market in the UK began to crash and global businesses announced they would be moving their headquarters outside of the UK to other European cities. As the United Kingdom begins the lengthy process of removing itself from the EU, analysts are now considering what the impact of Brexit will be on the global economy. Here we look at the predictions for the Whistler Real Estate Market and the rest of BC.

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