Report predicts single-family home prices in Whistler will rise 5% over next year

Report predicts single-family home prices in Whistler will rise 5% over next year

Royal LePage research says combination of cost of living, economic uneasiness and ‘unprecedented’ wildfires has led to cooling of recreational property market nationwide

A combination of factors, from rising interests rates and cost of living, to this summer’s “unprecedented” wildfire season, has led to a cooling of Canada’s recreational real estate market—and Whistler is no exception, according to a new report.

Released Nov. 29, Royal LePage’s winter recreational property report showed how the country’s most popular ski regions have posted modest year-over-year declines in 2023 as buyer demand continued to soften. Nationally, single-family home prices in Canada’s winter recreational market decreased 0.7 per cent over the first 10 months of the year, to $1,068,200.

“Although recreational real estate markets vary greatly from one region to the next, activity on the whole in Canada’s winter recreational communities has noticeably slowed. Annual sales are down in most regions and inventory has climbed

A mansion in Whistler, B.C. just sold for $32M

A mansion in Whistler, B.C. just sold for $32M

A home in an exclusive neighborhood overlooking Alta Lake has sold for $32,000,000, breaking Whistler’s real estate sale price record by nearly $10,000,000. 

The 8,700 square foot mansion was designed by the architect of Bill Gates’ home, and features an 82-foot-long cantilevered swimming pool overlooking the lake.

“There are a ton of things about the house that are incredible, but architecture, obviously that’s where it all starts,” said listing agent Max Thornhill with Engel and Volkers Whistler.

This photo from a listing by Engel & Völkers shows one of the bedrooms in a Whistler mansion for sale. “I have been selling real estate here for 30 plus years, and this is definitely an architectural masterpiece is how most people refer to it,” said real estate agent John Ryan who represented the buyers. The international couple, who Ryan say split their time between Europe and New York City and are self-made,