Whistler Real Estate Buyers & Sellers
FAQ - Whistler, a good real estate investment?
General overview of excellence
Whistler is a world class resort town, achieving awards and rankings for skiing, snowboarding, mountain biking, and golf. As the largest ski area on the continent, with the two greatest vertical rise ski mountains in North America, the physical geography of Whistler is remarkable. The two million plus visitors annually point to the standard of Whistler’s exceptional landscape and infrastructure.
Influence of market cap
Whistler’s land is strictly controlled and is at 85% capacity, the result of this is an upward pressure on pricing. At present there is a cap on the bed unit count in Whistler which does not allow for any more development once this figure, presently 52,500, is reached.
In recent years there has been a considerable increase in the number of visitors to Whistler, both summer and winter. The effect of these pressures is a substantial increase of demand beyond the increase in supply. The cap will probably increase but it is unlikely it will increase at a pace that will exceed demand.
Influence of 2010 Olympics
The decision to award Vancouver and Whistler as host for the 2010 Winter Olympics is an excellent platform to showcase Whistler to a global audience. This is illustrated by the viewing numbers of over two billion people that watched a portion of the 2002 Winter Games in Salt Lake Games on television.
The effect of the 2010 Games will inevitably raise the international awareness of Whistler, and consequently increase the volume of international tourism to and investment in Whistler on a long-term basis.
The Olympic bid involves more than $2 billion in construction and infrastructure spending. The construction of Olympic Villages and other permanent structures, improvements on infrastructure, such as transit, and the growth of the tourism and convention sectors, will have positive effects on the economy, which will benefit the real estate market. Furthermore, the prestige associated with the Olympics puts the seal of excellence on Whistler as a premier winter resort.
The enhanced viability of Whistler has a growth pole effect attracting global corporate business. This effect is demonstrated by the 34% rise of international convention bids won by Sydney, Australia, after it was chosen in 1993 to host the 2000 Summer Games.
FAQ - Whistler, a good real estate investment?
General overview of excellence
Whistler is a world class resort town, achieving awards and rankings for skiing, snowboarding, mountain biking, and golf. As the largest ski area on the continent, with the two greatest vertical rise ski mountains in North America, the physical geography of Whistler is remarkable. The two million plus visitors annually point to the standard of Whistler’s exceptional landscape and infrastructure.
Influence of market cap
Whistler’s land is strictly controlled and is at 85% capacity, the result of this is an upward pressure on pricing. At present there is a cap on the bed unit count in Whistler which does not allow for any more development once this figure, presently 52,500, is reached.
In recent years there has been a considerable increase in the number of visitors to Whistler, both summer and winter. The effect of these pressures is a substantial increase of demand beyond the increase in supply. The cap will probably increase but it is unlikely it will increase at a pace that will exceed demand.
Influence of 2010 Olympics
The decision to award Vancouver and Whistler as host for the 2010 Winter Olympics is an excellent platform to showcase Whistler to a global audience. This is illustrated by the viewing numbers of over two billion people that watched a portion of the 2002 Winter Games in Salt Lake Games on television.
The effect of the 2010 Games will inevitably raise the international awareness of Whistler, and consequently increase the volume of international tourism to and investment in Whistler on a long-term basis.
The Olympic bid involves more than $2 billion in construction and infrastructure spending. The construction of Olympic Villages and other permanent structures, improvements on infrastructure, such as transit, and the growth of the tourism and convention sectors, will have positive effects on the economy, which will benefit the real estate market. Furthermore, the prestige associated with the Olympics puts the seal of excellence on Whistler as a premier winter resort.
The enhanced viability of Whistler has a growth pole effect attracting global corporate business. This effect is demonstrated by the 34% rise of international convention bids won by Sydney, Australia, after it was chosen in 1993 to host the 2000 Summer Games.