Whistler MP talks up federal role in housing, backs provincial short-term rental legislation
From The Pique News Magazine
Whistler MP Patrick Weiler describes the feds’ Oct. 13 housing funding announcement as a “long time coming” for the community.
“We were able to do this announcement, which was very exciting especially in this environment right now, when interest rates are where they are,” he said. Read more…
Whistler welcomes provincial move to boost housing density
From The Pique News Magazine
New legislationfrom the province designed to whip local governments into shape when it comes to residential zoning is wind at the back of the Resort Municipality of Whistler (RMOW), according to Mayor Jack Crompton. Read more…
Whistler council puts aside $50K to develop strategy for civic buildings
From The Pique News Magazine
The Resort Municipality of Whistler (RMOW) is budgeting $50,000 to begin working on a 30-year strategy for the development of, and use of space, at its municipal buildings on Blackcomb Way. Read more…
Next build on horizon for Cheakamus Crossing Phase 2
From The Pique News Magazine
The Whistler 2020 Development Corporation (WDC) is already looking to its next project as part of Phase 2 of Cheakamus Crossing’s development.
“We have a pretty solid project plan together that we can now move forward with,” said John Morley, president and COO of WDC, at a council meeting last month. Read more…
Prices hold steady as recreational real estate sales slow
From Western Investor
B.C. recreational property sales continue to come off their pandemic-era highs, but rising interest rates are just one of several factors at play as the market seeks balance.
“There was a real frenzy in the pandemic years. It created a lot of froth in the market,” said Christopher Alexander, president of Re/Max Canada. “It’s really getting back to normal.” Read more…
Squamish council OKs Woodfibre LNG development permit by 5-1 vote
From Western Investor
A development permit for the form and character of a few buildings at Woodfibre LNG (WLNG) was approved Tuesday night at Squamish, B.C., council.
On Nov. 7, at a regular business meeting, District of Squamish council members approved a form and character development permit (DP) by a 5-1 vote for approximately five buildings as part of the liquefied natural gas export facility on Howe Sound. Read more…
Facing the ‘F’ word in Vancouver’s housing market
From Western Investor
Canada’s residential real estate market has proved remarkably resilient in the face of rising interest rates, slumping sales and a slowing economy.
Across the country, the mortgage default rate was a mere 0.15 per cent as of the third quarter of 2023. It is 0.01 points higher than the record low, but still nearly half the 0.28 per cent delinquency rate in Q1 2020 during the first shock wave of the pandemic. Read more…
2.2M mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC
From Global News
Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners. Read more…
Short-Term Rentals: Things to Consider Before Jumping In
From Remax Blog
The short-term rental game is booming and can be a smart play for diversifying your investment portfolio while raising extra cash. The rise in short-term rentals is a trend fueled by travellers who prefer authentic, personalized experiences over traditional hotel stays. Read more…
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