Whistler market update: Starting today, June 1st, Canadian homebuyers will face tougher mortgage stress test rules. This in result will decrease the buying power of most borrowers. This was put in place as a response to an overheated market that has already seen signs of cooling since its height last month. It is predicted to affect about 25% of the buyers in the market, so though we will see an impact from this it should not be affecting Whistler. Most of the impacted areas will have more first time home buyers than we see in Whistler.
Check out my new listings here. This past week’s new listings, completed sales and price adjustments for the period May 26th, 2021 to June 1st, 2021 can be viewed below:
New to Market 17 Click Here
Sold 35 Click Here
Price Adjusted 5 Click Here
If you are considering buying or selling a property in the near future or just have questions on the Whistler Market Update, please feel free to contact me. Equally, if you would like more information on market conditions in Whistler and Pemberton, or have other real estate related questions, please contact me. I would be happy to discuss how we can achieve your goals for a Whistler purchase or sale.
I look forward to hearing from you, and hopefully seeing you in Whistler!
Personal Real Estate Corporation
Engel & Völkers Whistler
(604) 932 8899