In the last 30 days we have seen 87 new listings come to the market in Whistler and a total of 40 sales.
The current inventory in Whistler stands at 765.
Here is a link to view all the properties that have sold in Whistler over the last 30 days:
Here is a link to view all the Whistler properties that are newly listed over the last 30 days:
• For the month of June, 2012, we have seen the number of new listings drop by 50% compared to June, 2011.
• The number of new listings for the month of June 2012 has dropped by 34% compared to new listings for the previous month.
• The total number of active listings in Whistler has dropped by 11% since June 2011.
• For the month of June, 2012, we have seen a 18% drop in the number of unit sales compared to June, 2011.
• The number of sales for the month of June, 2012 has also dropped by 18% compared to the number of sales for the previous month.
• However, the number of sales for Q1 and Q2 for 2012 is very slightly up at 280 units compared to the total number of sales for Q1 and Q2 for 2011 which stood at 275 units.
• The sales to active listings ratio for June 2012 is 4.68% keeping us firmly in a Buyer’s Market.
New rules for government-backed insured mortgages are set to come into effect on July 9, 2012 after an announcement by the Canadian Federal Government on June 21.
See the details of these changes by clicking here.
The new rules stipulate that amortization periods for insured mortgages will now only be 25 years, as opposed to the 30 years where it stands now. This takes away the option for many first-time buyers who would usually take out a mortgage with 5 per cent down and a 30 year amortization that they can afford. Changing that to 25 years means much higher monthly payments, which young first-time buyers simply cannot afford.
This rule is going to put those first-time buyers out of the buying market, and into the rental market. And that will force a correction on Toronto and Vancouver homes of about 5 per cent, according to experts. That correction won’t be enough to help those looking to make up 15 per cent of their down payment, but it will help foreign investors, who are mostly interested in Vancouver and Toronto mortgages – the costliest ones in the country.
The new rules won’t affect foreign investors simply because they have cash. They have money to invest in foreign properties and they know that Canada is a relatively sound place to do it. Because they have so much cash they can easily afford the 20 per cent down payment, and take on any amortization period they wish. Although they usually have the money to afford either a 25 or 30-year.
Derek Lai, director of international properties for Colliers International real estate services says that out of all the Canadian cities, Vancouver and Toronto. Vancouver is especially attractive to those from China’s mainland because of Canada’s excellent education system, and because it’s so close to home.
“Buying sentiment for overseas properties among Chinese mainland investors has been gaining strong momentum over the past few years,” says Lai in a report. “To date, about 20 per cent to 40 per cent of the foreign property investors in these destinations are from the Chinese mainland.”
The fact that the new rules will restrict those of us here at home but will give new opportunity to foreign investors is sure to add fuel to the fire on an already heated debate. Many think that Canada should restrict foreign property investing altogether, in order to open things up for us who live in the country. Others though disagree, saying that we need foreign investors – and their money – to keep our economy churning.
(Article from Canadian Mortgages Inc.)
Whistler Celebrates Canada Day – June 28 to July 2
Whistler celebrates Canada’s 145th birthday with festivities, including Whistler’s Canada Day Parade, all day street entertainment, fireworks, concerts and more!
Canada Day Celebration Highlights
Whistler Street Entertainment – A Canadian Carnival!
Date: June 28 to July 2 | Time: Between 12 and 7 PM
The carnival is rolling into town to celebrate the Canada Day weekend with free frolic with spirited festivities taking place throughout the Village. Fun includes fabulous face painting, quirky balloon hats, zany circus performers, carnival games and holiday crafts!
Canada Day Celebration Concerts
Date: June 29, 30 & July 1 | Time: 8:30 to 10 PM
All concerts are held at the Whistler Olympic Plaza Pavilion. Performers to be announced.
Canada Day Parade
Date: July 1 | Time: Begins at Noon
This annual parade winds its way through the Village, from Whistler Town Plaza to Mountain Square.
Canada Day Fireworks
Date: July 1 | Time: 10:15 PM
Fireworks begin at nightfall and are best viewed from Skiers Plaza at the base of Whistler Mountain in the Village.
Independence Day Fireworks
Date: July 4 | Time: 10:15 PM
Fireworks begin at nightfall and are best viewed from Skiers Plaza at the base of Whistler Mountain in the Village.
BC Bike Race – June 30 to July 7
BC Bike Race is much more than the challenge of a ride … it’s about everything experienced along the way – spectacular scenery, fascinating culture, interesting people, and tantalizing tastes. The stages of BC Bike Race wind through nine beautiful west coast communities, each showcasing unique qualities and elements that make British Columbia a world-class destination for athletes, adventurers and visitors alike. Friends and spectators will have an opportunity to congratulate the riders on their accomplishment on July 7 as they cross the finish line at Whistler Olympic Plaza.
Whistler Long Board Festival – July 12 to 15
UNKLE is proud to present the Whistler Longboard Festival at the Whistler Sliding Centre. Rain or shine, more than 100 international top racers will drop 1,000 feet over 1.6 kilometres at daredevil speeds along the snaking paved course. This family friendly event is free for spectators. For more details click here
Whistler Children’s Art Festival – July 14 to 15
Mark your calendar for the 29th annual Whistler Children’s Art Festival. This fun-filled weekend features a multitude of hands-on art workshops led by professional artists in fine arts, crafts, theatre, multi-media, dance and music from across BC. The festival comes alive even further with free activities and entertainment by popular children’s performers, roving musicians and zany characters.
• Roving street entertainment, face painting and caricature booths, unique balloon designs, funny clowns and side-splitting comedy magic
• Live entertainment including popular children’s bands, plays and demonstrations
• Art workshops for children of all ages, including pre-school activities for children aged three to five years old (with adult supervision), intermediate workshops for kids up to grade eight and workshops for the entire family (additional fee).
• For more information and online workshop registration and schedule Click Here.
Whistler Farmer’s Market – July 1, 8, 15, 22, 29
A feast for your senses, the Whistler Farmer’s Market features local produce, tasty food, local artisans, live entertainment and family activities along the beautiful Upper Village Stroll. Open Sundays between 11 AM and 4 PM. The Wednesday afternoon market operates from July 4 to August 29, 2012 from 3 to 7 PM.
Plus Summer Artist Demonstrations at the Farmers Market
Mountain Galleries will be hosting live painting demonstrations at the Sunday Farmers Market outside the gallery from 10 AM to 4 PM. Featuring a different artist each week, demonstrations will include sculpture, painting, wood carving and jewelry design.
WORCA Monday Night Rides – July 2, 9, 16, 23, 30
Hosted by Whistler Bike Co., Back in Action, Nesters, The Wildwood and WORCA, Monday nights are fun and social rides for all abilities. Riders are divided into groups based on ability and go out with guides who instruct when necessary. The Wildwood restaurant provides a social afterwards with all participants receiving a free frosty beer and great food specials. Sign in at 6 PM at the Bike Co. in Whistler Village. Rides depart at 6:30 PM. Riders need to be WORCA members (forms will also be available Monday evenings at Bike Co.).
Phat DH Wednesdays – July 4, 11, 18
Brought to you by WORCA, Kokanee, the GLC, the Bike Park, and WORCA sponsors, Phat DH Wednesdays will put your skills to the test. The event is complete with après at the Garibaldi Lift Company and prizing. Events are capped at 200 racers so arrive early. All riders must be WORCA members. Memberships are available for purchase onsite by cash only. All riders must also have a bike park pass or ticket. Discounted tickets are available for $15 at Guest Relations. Registration and race plate must be presented in order to receive the discounted rate.
WORCA Thursday Toonie Rides – July 5, 12, 19, 26
Come ride with local and visiting riders at the Thursday night Toonie Rides hosted by Whistler Off Road Cycling Association (WORCA). Cost to participate is only $2 with half of the proceeds benefitting WORCA’s trail maintenance program and the balance awarded to the top riders. The first place male and female riders will win $50 each. The races are open to everyone, young and old, and of all abilities. All participants must wear a helmet and ensure their bikes are in good working order. For details of upcoming rides, visit here.
ArtWalk Opening Reception – July 5
Join the Whistler Arts Council at the ArtWalk opening reception from 6:30 PM to 9 PM. ArtWalkers will enjoy the artwork displayed in a variety of host galleries throughout Whistler paired with delectable treats and special offers from participating venues. Enjoy entertainment performed by live musicians, roving characters and painters, and mingle with local artists who always come out for this special event. Visit here for more details.
Celebration of Arts Weekend – July 6 to 8
The village will come alive in celebration of the arts including daily live entertainment, musicians, 3rd Annual “Paint-Off”, free guided ArtWalk tours, live art demonstrations and a Paint & Shoot Skate Jam on Sunday July 8 at the Whistler Skate Park.
Art and Heritage Tours – July 6 to 8, July 13 to 15, July 20 to 22, July 27 to 29
Presented by the Whistler Arts Council and Whistler Museum, the one hour walking tour showcases a selection of ArtWalk venues, public art displays and Whistler’s history at the Whistler Museum. The guided tours are facilitated by experienced Whistler locals and take place from Friday to Sunday at 11 AM and 1 PM, starting at the Whistler Visitor Information Centre. The morning tours are free and the afternoon tours are by donation.
Whistler Presents Concert Series – July 6 to 7, July 27 to 28
Whistler Olympic Plaza hosts Whistler Presents, a free outdoor Summer Concert Series. Enjoy free entertainment and live shows throughout the summer from 8:30 PM to 10 PM. Stay tuned for the exciting concert line-up.
Paint and Shoot Skate Jam – July 8
Visit the Whistler Skate Park and check out team challenges composed of a graffiti artist, skater and photographer aiming to capture the most unique photo consisting of art and best skate tricks. Graffiti artists will be painting live from 9 AM to 1 PM. The Skate Jam and photo session will follow from 2 PM to 4 PM.
Seasons of Inner Change: A Poetry & Walking Retreat – July 13 to 15
Join Inner Landscapes on an all-inclusive, lodge-based hiking retreat at Brew Creek Centre. Explore changes in your life through the powerful lenses offered by poetry and the natural world. Develop a fresh perspective of where you are on the curve of your own transformation. Tickets are $560. For more information, please click here.
Winemaker Dinners on Whistler Mountain – July 14
The popular Winemaker Dinners at Steeps Grill & Wine Bar atop Whistler Mountain feature British Columbia’s best wines paired with locally-sourced culinary delights. Each evening includes a full-course dinner with wine pairings by the winemaker – it’s guaranteed to be a feast for your senses. Tickets are $99 and starts 6 PM (upload via the Whistler Village Gondola at 5:30 PM). For more information please contact Whistler Blackcomb Guest Relations.
Whistler Arts Council and Little Bear Productions present Summer Musical Workshops – July 16 to 20
Enhance your child’s summer with creative and fun Theatrical Workshops that include Kodaly music training, singing, acting, improvisation, dance, stage performance skills, creative costume making, hikes, picnics and more. For more information on times and costs, please click here.
Araxi Longtable Dining Series – July 21
Whistler’s acclaimed Araxi Restaurant presents Araxi Longtable, an annual series of outdoor dining experiences taking place on Saturday, July 21 and Saturday, August 18 at the picturesque Rainbow Park in Whistler Valley. Each event begins with a reception followed by a 4-course menu designed by Chef James Walt and featuring Pemberton Valley’s freshest local produce, beef from its pastures, day-boat catches from our coast fisheries and wines from leading producers. For more details, including prices and ticket purchase, please visit here.
XTERRA Whistler – July 21 to 22
This year’s Whistler Xterra events will start and finish at Lost Lake park beach area, the scene of Canada’s most successful Xterra event ever in the early 2000s. For those athletes who do not swim but love to mountain bike and trail run, you are invited to race the same course as the Professional Triathletes without the swim. Team entries in both the XTERRA Triathlon and Duathlon is also an option. A post race awards buffet will be provided by the Whister Brew Pub. The Whistler Xterra will still remain as the Provincial championship event, however Canadian National Championship event will be moving to the Canmore, Alberta in 2012. For more information and to register, please click here.
Function Junction Block pARTy – July 26
ArtWalk’s biggest party happens each summer in Function Junction. This eclectic neighbourhood comes alive with live and interactive art by local artists including living murals, artisans, family-friendly street hockey; face painting, children’s crafts, acrobatics and more. This party will surely offer a unique insider perspective into and area recently coined by locals as the “Heart of Whistler”. Bring your bike or roller skates to get to all the venues and have some fun along the way. The pARTy takes place between 6:30 PM to 9 PM.
Charlie’s Angels All Women’s Bike Race – July 27 to 28
180 women. 2 fun-filled events. 0 testosterone. An all-day affair that celebrates the Sea to Sky riding scene and the incredible women who are a big part of it. For more information, please click here.
BioBlitz – July 28 to 29
The Whistler Naturalists are proud to present Whistler’s 6th annual BioBlitz. BioBlitz is a 24-hour, round-the-clock race to count as many species as possible: mammals, birds, plants, frogs, fish, bugs – you name it! Join them at Alpha Lake Park to discover what 60 scientists find as they search Whistler’s habitats. Touch a giant water bug or a snake, learn about frogs and lichens, or take in a scavenger hunt. For more details, please click here.