Our team will draw upon our extensive real estate knowledge and local Whistler insight to provide a professional Opinion of Value of your property to ensure it is expertly priced and sold within a timely manner.
Comparative Market Analysis: We will take an in-depth analysis of recent comparable sales and competitive active listings to gage an in depth knowledge of market demand specific to the segment in question, along with buyer appetite.
Understand Seller’s Motivation: Understanding the home owner’s goals and objectives for the property sale will also play a major role in any pricing strategy we would recommend.
Property Review: In many segments, a comparative market analysis can only provide a limited insight; understanding the unique aspects of your property is fundamental in pricing. An intimate knowledge of location, build quality, costs and revenue potential (to name only a few factors) ensures your property will be expertly priced for a successful sale.
Market Conditions: Our market is ever evolving on a macro level, and can fluctuate throughout the year due to the seasonality of Whistler; having a local intimate knowledge of these factors is essential in understanding how these factors will impact a successful sale.
The seller of a property in Whistler is responsible for the following costs:
Lawyer or Notary Fees and Expenses
Includes attending to the execution of documents and discharging of any encumbrances.
Obtaining a Clearance Certificate
If you are not a Canadian seller, you will need a Clearance Certificate from Revenue Canada prior to the completion date of your transaction. The current wait for a Clearance Certificate is 6 to 8 weeks, so it is important to contact your lawyer or accountant as soon as an accepted offer has been received. Before issuing the Clearance Certificate, Revenue Canada will need to collect any tax payable on the property to be sold.
In Canada, a mortgage is for a fixed term usually between 6 months and 5 years. There are penalties to selling the property before the term of the mortgage is up and are usually the greater of three months’ interest or the interest rate differential.
Goods and Services Tax (GST)
The GST is a 5% tax that, in the case of a vendor, applies to the commission fee and other services related to the sale.
Adjustments for Ownership
This may include taxes and/or strata fees.
Capital Gains Tax
The rate of the Capital Gain tax is 33.33% of the ‘gain’ on investment properties. To determine the adjusted cost base in calculating capital gain, Revenue Canada allows for the following:
Property Transfer Tax