2008 Market Report - Whistler Real Estate

Real Estate sales in 2008 were valued in excess of 420 million dollars. Although below activity levels experienced in 2007 (which should be considered a watershed year) it was consistent with the yearly activity levels experienced since 2000. Overall sales activity slowed dramatically in the last quarter of 2008 as the realities of the world economic situation began to be felt. We expect the first half of 2009 to experience below average levels of activity and market conditions which will be in the buyers favour. However as pre-Olympic media exposure builds and a new value paradigm is created we expect to see increasing interest from investors both regionally and worldwide. The Greater Vancouver region continues to be the largest source of buyers, followed by Whistlerites, and then buyers from the U.S. Although, we expect increased levels of interest from the rest of the world, Whistler will continue to be primarily of interest to investors within four to five hours of travel time of the resort.

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