Playing the Currency - Canadian and US Dollars
In our continuing effort to provide you with the necessary information to make informed decisions in the Whistler Real Estate market, we believe the current value of the Canadian dollar to be a significant factor.
In the last 10 days the Canadian dollar has averaged .779108¢ USD compared to a year ago when the Canadian dollar was actually worth more than the US dollar! The experts are saying that the Canadian dollar should remain in the current range through the first half of this year before heading higher over the next year to the .90¢ USD range.
The combination of incredible value in the Whistler Real Estate market (remember we have had a flat stable market since third quarter 2002), the current strength of the US dollar in relation to the Canadian dollar, historically low interest rates and a strong “buyers market” mentality makes this the ideal time to seriously consider Whistler.
In addition, remember that the true benefit of hosting the 2010 Olympics next February is the incredible media exposure with close to 3 billion television viewers and over 10,000 media representatives in attendance. The predictions are that our market will see increased activity as a result of the Olympic exposure beginning the summer of 2010.
Please give us a call if you would like to discuss the possibilities.
Whistler Real Estate - Best Buys
6469 St Andrews Way - $1,248,000
3 bedrooms, 3.5 bathrooms, newly renovated, single car garage, desirable location in Whistler Cay Heights overlooking the Whistler Golf Course
613 Pan Pacific Mountainside - $474,900
Prime location at the base of Whistler & Blackcomb Gondolas, steps from skiing, shops, restaurants. 1 bedroom, 1 bathroom, excellent revenue producing property and perfect for your vacation getaway.
3116 St Moritz - $1,149,000
Beautifully renovated 3.5 bedroom, 3.5 bathroom townhome. Located in Whistler’s Blueberry Estates, enjoy the comforts of a luxury home at an affordable price.
5229 Jordan Lane - $2,850,000
Fully furnished, 6 bedrooms, 6.5 bathrooms, 3 fireplaces (1 outdoor), 2 car oversized garage. Situated on 1.3 acres and offering incredible mountain views this is a deal not to be missed!
63cm of new snow in 7 days
Whistler has turned it on for Spring Break with 63cm / 25in of new snow falling in Whistler in the past 7 days. Skiers and riders have been up all weekend enjoying the incredible conditions and with plenty more snow in the forecast, things are only getting better!
Prime lending rate in Canada now 2.5%
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent.
The bank has now reduced interest rates by four percentage points since it commenced the latest cycle of easing in December 2007.
The move by the central bank to lower lending costs was quickly followed by several of the country’s big chartered banks, as they cut their prime rates by one-half of a percentage to a record 2.5 per cent.

