{"id":10988,"date":"2018-12-04T11:11:57","date_gmt":"2018-12-04T19:11:57","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10988"},"modified":"2018-11-29T15:48:07","modified_gmt":"2018-11-29T23:48:07","slug":"whistler-condo-median-price-is-up-26-5-from-a-year-ago-nearly-twice-the-increase-of-detached-home","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/12\/whistler-condo-median-price-is-up-26-5-from-a-year-ago-nearly-twice-the-increase-of-detached-home\/","title":{"rendered":"Whistler Condo Median Price is Up 26.5% from A Year Ago, Nearly Twice the Increase of Detached Home"},"content":{"rendered":"

Strong demand for condos in popular winter resorts is driving massive price gains in Whistler at nearly double the rate of detached homes, according to a report released November 28 by Royal LePage.<\/p>\n

Despite an overall slowdown in home sales, the brokerage reported that the median price for a condo in Whistler increased by 26.5% to $610,000 this year, compared with a year ago. This compares with prices for detached homes in the resort municipality, which increased by 14.5% to a median price of $2.4 million.<\/p>\n

The price increases in both categories are being driven by retirees and investors looking for a winter getaway, according to Royal LePage.<\/p>\n

\u201cMore affordable properties are still seeing high demand, despite a slowing in overall activity,\u201d said Pat Kelly, president and owner, Royal LePage Black Tusk. \u201cThe BC foreign buyer tax and speculation tax does not apply to Whistler, and as such there has been no drop in interest from international buyers. That being said, recreational properties in the area are primarily bought and sold by individuals who are local to the province, while international buyers only represent a small proportion of sales in Whistler.<\/p>\n

Looking ahead, Kelly added, \u201cIn 2019, we expect further price appreciation, albeit at a slower pace than in previous years.\u201d<\/p>\n

Whistler\u2019s condo price rise was among the steepest of all the Canadian ski resorts surveyed by Royal LePage, second only to the 30% condo price jumps seen in Mont Tremblant, QC.<\/p>\n

Phil Soper, president and CEO, Royal LePage, stated, \u201cCanada boasts the world\u2019s most spectacular winter experiences. The number of buyers shopping for a four-season recreational property, be they traveling a modest drive from the local metropolis or a jet-setting trip across the pond, is again on the rise, and recreational property values are rising as a result. This is particularly true in the mountainside condominium market as more and more investors seek the convenience of lock-and-leave living.\u201d<\/p>\n

Whistler Condo Prices Skytocket as Retirees, Investors Drive Demand<\/a> by Glacier Media Real Estate | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"

Strong demand for condos in popular winter resorts is driving massive price gains in Whistler at nearly double the rate of detached homes, according to a report released November 28 … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10988","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nWhistler Condo Median Price is Up 26.5% from A Year Ago, Nearly Twice the Increase of Detached Home • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/12\/whistler-condo-median-price-is-up-26-5-from-a-year-ago-nearly-twice-the-increase-of-detached-home\/\" \/>\n<meta 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