With interest rates expected to level off, buyers’ confidence is coming back
The average residential price of a market property in Whistler decreased by 13.4 per cent, to $1,623,452, between the first quarter of 2022 and 2023. Meanwhile, in Ucluelet, prices increased 12 per cent to $764,000 during the same time period.
Those were some of the statistics highlighted in RE/MAX Canada’s 2023 Cottage Trends report, which identifies patterns across the country’s recreational property markets.
But take the report’s observations with a grain of salt: Whistler’s unique real estate market is difficult to compare to any other community’s, even those similarly focused around recreation and popular among second homeowners.