Consumption and Real Estate
Is purchasing a condo in Whistler BC a good investment?
Question : Is purchasing a condo in Whistler BC a good investment?
whistler condos
Best answer:
Answer by answermonkey
While Answers is probably not the best forum to ask for advice on real estate investments, Whistler BC real estate prices have been consistently steady (and high):
Whistler also enjoys astronomical real estate prices. As of December 2005 rooms in hotels with 1 bed, no kitchen and a washroom sell for over $ 100,000. Remax Sea to Sky as of December 14th 2005 had 254 Listings. Only 3 of these were under $ 100,000. Two of the three were parking stalls and one was a timeshare.
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#4 written by cosaxteacher 1 year ago
It can be. I know I have read about Whistler doing expansion plans, but if they don’t have any plans to increase facilities and such, it may not be that great of an investment. Obviously it will always have value being near some of the best skiing in North America, but to make it an investment, it’s value has to increase. Find out what Whistler is doing to attract more people to move there.
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With Vancouver hosting the Olympics (in 2010, I think) it would seem like a condo in the area would be a good investment. My aunt has turned over two condos since the Olympics were announced and has made a tidy profit in each case. I’d have to assume that Whistler would be the site of some of the events making it particularly desirable (you could probably rent it out for a mint during the games.) Your best bet is to talk to someone with knowledge of the local market.