Why Whistler is still a good investment option by Rob Palm.
During this time of Wealth Turbulence in the world here is my perspective on Whistler….
It has always been said that real estate is a long term investment but I’d like to add that as the world has become global, real estate remains a local phenomenon.
Furthermore, it is one of the only investments that you and your family can enjoy while it grows!!!!
Here are some the facts from Whistler to draw on for investment decisions
- 80% of sales occur as a result of a visit to the Whistler area
- 67% of Buyers and Sellers live within 5 hours drive from our Resort
- The Median prices in the following segments from 1998 – 2008
Chalets $612,750 – 1,200,000
Townhomes $338,000 – 700,000
Condominiums $228,500 – 350,000
Vacant Land $537,500 – 938,556
So what makes Whistler a strong investment in the long term?
- October 9, 2008 World Economic Forum declares…. “Canada has the soundest banking system in the world”
- Canada is #1 out of 134 countries – USA is 44th
- Proximity to Vancouver which was voted top as one of top 5 destinations to live in the world by the United Nations for 4 straight years”
- The Sea to Sky Highway Upgrade – $650Million – on time and on budget – making for safe and shorter travel times
- Within 1.5 hours drive Vancouver International Airport – easier travel
- Whistler subscribes to a sustainable plan – managed growth, economy and environment
- Growth in the valley is limited to 63,000 bed units – today we sit at 60,000 bed units
- WHAT YOU SEE IS GENERALLY WHAT YOU WILL GET FOR THE FORESEEABLE FUTURE.
** WHISTLER WILL BE A HOST VENUE FOR THE WINTER OLYMPIC GAMES IN 2010. IT IS ESTIMATED THAT 3 BILLION PEOPLE WILL WATCH
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