Laura Barkman

REMAX 2006 RECREATIONAL PROPERTY REPORT - WHISTLER

 

Although the record sale prices seen in 2005 have yet to be matched in 2006, Whistler's recreational property market is off to a solid start.  Sales of chalets and condos are up over the first quarter of 2005 and buyer interest remains strong.

Supply is adequate at the moment but will quickly diminish as market activity increases in the coming months.  As a result, there will be further upward pressure on prices.

As the 2010 Olympics approach, it's anticipated that fewer listings will become available as existing owners choose to hold on to their investment. 

WHISTLER BLACKCOMB has just unveiled plans to build a new high speed quad in the high alpine for the 2006-2007 ski season.  The Piccolo Express Lift on Whistler Mountain will run to the Piccolo peak and will provide access to more than 1000 acres of the most spectacular high alpine terrain available in North America.

With 8,171 skiable acres, Whistler Blackcomb is the largest ski resort in North America.

Construction will begin on the lift this spring and will continue through the summer and fall with an expected opening at the beginning of the 2006-2007 winter season.

Further capital plans within the $22.1 million to be spent for the