Your Trailmap to Whistler Real Estate

Discover Whistler with us!

YOUR TRAIL MAP TO REAL ESTATE IN WHISTLER

Personal Real Estate Corporation

WELCOME TO WHISTLER

IIt is my total pleasure to welcome you to Whistler. I’m Shauna O’Callaghan. I love Whistler, and for 25 years I’ve been a top Whistler realtor and called this magical town my home. I love spending time outdoors year-round –this girl doesn’t shy away from a little snow or hard work! I spent the earlier part of my career working for Four Seasons Hotels across Canada where attention to detail was vital. I take great pride in ensuring my clients are heard and get the best possible opportunities. All of my clients receive the same quality service, whether they are buying, selling or investing. And it’s because of my ‘Consider it done!’ personal motto that I have received the Platinum Award of Excellence for 14 years in a row and have been awarded top 10% of Realtors in BC.

From the moment we meet, you’ll notice I’m working for you. My goal is to help you achieve your dreams, whether that means finding the perfect property in Whistler, or assessing your next smart investment. And as a certified luxury home marketing specialist, I have dealt with eight- figure sales. Your privacy and confidentiality is paramount to me and my business. I own an exclusive, boutique office right in Creekside Village where you are always welcome to gather and discuss your next opportunity. And when I’m away from the office, I’ve always got an iPad in hand and a handful of keys in my purse, so I’m ready to help clients when and where they need me. The only thing stronger than my love of Whistler is my passion for real estate and good friends. Let’s meet for coffee and discuss your plans for Whistler. I am reachable anytime on my mobile (604) 905-9105 or via Zoom. It is a great way to get started.

3 MILLION VISITORS ANNUALLY 11,500 SECOND HOME OWNERS 12,000 PERMANENT RESIDENTS 2,500 SEASONAL RESIDENTS 210 RETAIL SHOPS 200 RESTAURANTS AND BARS 150 HOTELS, CHALETS & B&Bs

BE A 5 STAR BUYER As a buyer, early engagement to select properties, whether they are listed or not, is key. Nowadays, waiting for something to actually come on the market possibly puts the buyer in the disadvantageous position of being too late. Below are a few steps to take right at the start of your property search, so you are ready to act quickly when necessary.

RESEARCH

Let's discuss your criteria. Compare locations, building & floor plans, strata documents for various properties. Tour neighbourhoods.

INFORMATION Review historic sales in the building or area. We will set up automated email to keep you up to date with the market.

PRE-APPROVAL

Speak with a lender. Address any credit issues. Determine the right mortgage. Get a pre-approval letter.

DUE-DILIGENCE

Review paperwork required for purchase. Provide ID to your agent. Speak to a lawyer and an accountant.

ACT QUICKLY

All these steps will give you the advantage of being well prepared and in a position to act quickly.

IT’S UNANIMOUS - OUR CLIENTS LOVE US!

TAKE A PEEK AT WHAT THEY’VE SAID...

“I can’t say enough amazing things about Shauna! She was the most positive, productive, professional and most hard-working Realtor I have ever worked with. Shauna heard all of my wants and needs and made it happen. She was able to get me into my dream house! If you want a Realtor that takes a personal, professional approach, Shauna is the perfect Realtor!" M Perizzolo “Shauna facilitated the purchase, and eleven years later, the sale of our Whistler (luxury) townhome. The (recent) sale went off without a hitch, however, the initial purchase was exceptionally difficult. She exhibited extraordinary skills in the process of that transaction and it’s easy for us to give Shauna all the credit for closing the deal. We are so grateful for her getting our family in Whistler and into our wonderful home.” D & L Adams “Shauna has done several transactions for us. Through each one she advised us professionally and had our best interests at heart. We had a complicated purchase that took many twists and turns to say the least! She maintained a sense of calm and worked through all the details to get the result we needed and wanted. At the end of it all, the best part was we gained a new friend in Whistler. Thanks Shauna, you are the best at what you do."

“We have used Shauna four times and have loved her fantastic service each and every time! Three times we sold properties and once we purchased a property with Shauna. She is professional, knowledgeable and equally proficient at both ends of any real estate deal. It is really hard to find a realtor who is completely engaged, listens to their customers and who also takes initiative on behalf of her clients. We would highly recommend Shauna, she is our realtor and we plan to use her many more times in the years to come.” C & S Black “We have had the pleasure of working with Shauna for many years and have bought and sold a number of properties with her. She is delightful to work with, very knowledgable and professional as well as warm and welcoming. She knows everyone and has a very detailed understanding of what is happening at Whistler. We have referred several friends to her and they have been equally impresses and extremely happy with their dealings with her. She is a great asset to have in your corner and always goes the extra mile in everything she does. We can’t recommend her enough and wouldn’t hesitate to do so

“I cannot recommend Shauna O’Callaghan enough! Shauna has represented us as sellers (one time), renters (one time) and buyers (4 times) of property in Whistler! Shauna’s friendliness, honesty and forthrightness made the process of buying and selling property very enjoyable each time; while her professionalism ensured that there were no glitches or negative surprises. Shauna and her staff put so much quality of care into every detail and ensure that you receive the very best service possible. Dealing with Shauna O’Callaghan was, without question, a pleasure, she was always discrete, honest and extremely professional towards every detail and we have now become good friends.” L Gave “It was a delight to deal with Shauna as a real estate agent. She was everything we could have hoped for in terms of her professionalism: smart, easy to deal with, efficient, pleasant, and always ‘on it’. But she was so many things besides: we were going through a very difficult time in our lives, and she was extremely kind, compassionate, and patient with us at a time when we really needed that. She was so ‘human’ and she always went way above and beyond the call of duty. In a nutshell, Shauna is awesome!” S Lonsdale

to anyone.” C Flanagan

R Lawson

TOP TEN REASONS TO WORK WITH SHAUNA AS YOUR BUYER’S AGENT

Experience Shauna has over 25 years expertise in Whistler real estate. She has been awarded Medallion Club (top 10% of Realtors in Greater Vancouver) and gold & platinum awards with Whistler Real Estate Co and Macdonald Realty.

Specialist Shauna is a certified negotiation and mediation expert as well as a certified luxury home marketing expert.

Values Highly respected by her peers and clients, Shauna values integrity, discretion, trust, fairness and confidentiality. Her clients and their interests come first.

It's free That’s right, hiring a Buyer’s agent won’t cost you a thing. It’s the Seller who pays the commission, not the Buyer. If the property is not listed, you may wish to have a Buyer’s fee agreement.

Industry knowledge Buyers representing themselves don’t understand the issues of discloser, negotiating and that this is a legal contract. It is probably the single largest purchase you will make in your life, you need to know you are well represented, legally protected and getting real value for your money.

Convenience Researching and targeting the right neighbourhoods, finding homes that fit your criteria and scheduling showings can be a full-time job.

Market & Insider knowledge Understanding the local market is key to finding the best home at the best price possible. We have access to the latest sales prices and comparable market and neighbourhood to ensure that you do not pay more for the property.

Negotiation Making an off er and negotiating with a Seller is by far one of the most specialised parts of the home buying process. A Realtor is a professional negotiator, with a duty to act in your best interest.

Identifying needs A Buyer’s agent will help you prioritize your needs. Most people have so many wants that it is very diffi cult to narrow it down to a place where you might actually fi nd a home that fi ts at least your top needs.

Connections Getting to the closing table requires the expertise of a number of professionals. Lenders, inspectors, surveyors, just to name a few. A Buyer’s agent gets you access to their network rather than having to research and build relationships from scratch.

MY GUARANTEE TO YOU.

In order for us to know who we are working for and for you to receive our focus, we ask that you acknowledge working with us by way of our standard brochure provided by the Real Estate Council. In British Columbia this is called having an agency relationship with your Realtor. It is required by our code of conduct to establish agency with our clients. Should at any time you wish to cancel our working relationship, we ask you to simply email us letting us know you won’t be requiring our services anymore. No questions asked. Our guarantee to you is 100% no obligations.

Let’s Talk

Establish your relationship with us.

your wants & needs together Analyze

Our Offer

We present and negotiate your offer. You might have to act quickly now!

A LOVING ATMOSPHERE IN YOUR HOME IS THE FOUNDATION FOR YOUR LIFE. DALAI LAMA

BUYING A HOME DOESN’T HAVE TO BE STRESSFUL.

THE ROLES OF KEY PEOPLE IN THE BUYING PROCESS

Being prepared and understanding all the different aspects can largely reduce any confusion or stress related to home buying. We’ve compiled a list of resources for home Buyers so they can be informed and make it a memorable, enjoyable experience. When buying a home, you will have to rely on a range of professionals to guide you through the process. For first time home Buyers in particular, it helps to be acquainted with these specialists and their roles.

Realtor® A real estate representative who can find properties in your price range and who arranges the purchase transaction in return for a portion of the sale price as a commission. Mortgage Broker A mortgage expert who introduces Buyers to a full range of mortgage products, interest rate options, and strategies to pay off a mortgage more quickly. This professional works only on his or her client’s behalf. Lender Financial institutions, such as banks, credit unions, trust companies, pension funds and life insurance companies which lend money to home Buyers.

Appraiser This property specialist determines a property’s market value, based on its condition and the selling price of comparable properties recently sold in the area. The market value enables the lender to determine the loan to value ratio of the mortgage (the amount of the mortgage versus the value of the home) and in many cases the mortgage broker will arrange for the appraisal. Building Inspector Examines the home you intend to buy to evaluate its roof and structural stability, electrical work, plumbing, appliances, fireplaces and furnace. This inspection is usually arranged by the Buyer, and allows him or her to address any issues with the Seller prior to closing, as well as anticipate any repairs that may be required.

Lawyer/Notary Public Your lawyer or notary will review the Agreement of Purchase and Sale, ensure that all closing documents have been completed correctly (including the title search and title insurance), as well as file documents with the provincial land title office. Your lawyer or notary will also ensure your property is clear of all existing mortgages, judgements and builders liens. If you are a non-resident, meeting your lawyer prior to closing may be required. Accountant Advice on G.S.T and determining if the property is residential or commercial will be important.

Banker Establish a relationship with a

Canadian banker to ensure lending. This can be an important step for a non-resident.

WHAT DOES IT COST TO BUY A HOME IN WHISTLER?

Luxury Estate Home Single Family Home Ski Cabin ‘A’ Frame

$3.5 Million - $17 Million $2.5 Million - $3.5 Million $2 Million

Three bedroom townhome Zoned for Rental Zoned for Residential

$2 Million - $3 Million $1.5 Million - $2.3 Million

Two bedroom townhome Zoned for Rental Zoned for Residential

$1.3 Million - $2.4 Million $850,000 - $1.6 Million

One bedroom townhome Zoned for Rental Zoned for Residential

$800,000 - $1.2 Million $750,000 - $900,000

Median price of a chalet Median price of a townhome Median price of a condo

$3.8 Million $1.8 Million $890,000

All prices are quoted in Canadian Dollars - these are ranges only and are intended as a guide.

HISTORIC PROPERTY DATA

MEDIAN VALUES

Chalets

Townhomes

Condos

Lots

$4,000,000

$3,000,000

$2,000,000

$1,000,000

NUMBER OF SALES

400 300 200 100 0

ACTIVE LISTINGS

1,250 1,000

750 500 250 0

2012

2014

2016

2018

2020 2022

WHISTLER’S NEIGHBOURHOODS

Whistler is divided into neighbourhoods, each with a distinctive character. However, wherever you live in Whistler, you’re never more than a few minutes’ drive from the village centre and a state of the art gondola to take you up the mountain. In addition, all neighbourhoods are linked by the Whistler Transit System and the Valley Trail.

Before you decide where to live, it is good to check out the different neighbourhoods in Whistler to see which suits you best.

Cheakamus Crossing One of the most tangible legacies of the 2010 Winter Games. Not only was it home to more than 3,500 athletes and officials during the Games, designed with sustainability and community in mind, the neighbourhood provides affordable, high-quality housing for Whistler’s workforce. Hundreds of local families are now living in newly re- fitted townhomes and condos. Function Junction Primarily known as Whistler’s industrial and commercial area. Less interested in appearances than, well, function, but give it a chance and Function will surprise you with its wide array of businesses. These include a number of great cafes and bakeries, two breweries, furniture and fashion shops, art galleries and hairdressers in addition to building supplies, automotive shops and storage facilities.

Spring Creek Just a few minutes south of Whistler Creek, sits this quiet, friendly residential neighbourhood. Here you can find high-end townhomes at The Glades and stunning new chalets on Tynbridge Way and Khyber Lane, many of which have employed cutting edge architecture and design features. Bayshores A tranquil residential area and a small community of its own. The neighbourhood boast park space, tennis courts, access to the Valley Trail and close proximity to not just one, but several lakes. At the top of Cheakamus Way, the streets around Millar’s Pond are popular with families. Located just a short distance from Creekside Gondola, it allows residents access to ski lifts without having to go through the main village.

Kadenwood Located high above Bayshores is Kadenwood, one of Whistler’s most prestigious developments, off ering spectacular views and ski-in/ski-out access to Whistler Creek. Most of the high-end homes here are in excess of 5,000 sq ft, and there are a number of building lots still available, enabling you to build your dream home. One of the most exclusive features of Kadenwood is that it is served by its own private gondola! Whistler Creek Also known as Creekside, was the original town site and base of Whistler Mountain. Features include mountain access, free parking, restaurants, bars grocery store, bank, dentist, liquor store, gym, physiotherapist, veterinary, playground, ski & bike rentals and Whistler’s only waterfront hotel, the

Whistler Village The heartbeat of Whistler and the place to go for great shopping, world class restaurants and lively nightlife. Whistler Village properties cater to the short-term visitor and thus most have restrictive use covenants to ensure there are homes available for tourists to rent. For example, of the 7,700 Village-area properties, only 42 are detached residences, with the remainder made up of condos and townhomes. Brio With its close proximity to Whistler Village Brio is a local’s favourite. Just on the outskirts of town, south of the village and across the highway from the Whistler Golf Course, residents enjoy the convenient location with a fi ve-minute walk into town via the Valley Trail. Homes range from chalet and duplexes built in the 1970s to the spectacular custom residences at Sunridge Plateau. Getting back to your Whistler luxury home after a day of skiing has never been so easy!

Alta Vista Situated halfway between Whistler Village and Whistler Creek and with close proximity to Alta Lake. Summer days can be spent relaxing in Lakeside Park or sailing on Alta Lake. There has been a signifi cant amount of building activity in the last few years as Alta Vista has been “discovered” and some of the older chalets have been replaced or renovated. This area also provides opportunities for lakefront living, although that comes at a price! In addition, there are excellent

luxurious Nita Lake Lodge. A variety of housing options are found here, original rustic cabins rest alongside the more luxurious chalets of today. Duplexes, townhomes, timeshares and employee housing units are all available, some with ski-in/ski-out access.

townhome opportunities in the complexes on Hillcrest Drive.

Nordic Estates One of Whistler’s largest

neighbourhoods - offers unparalleled diversity with condos, townhouses, and multi-million dollar luxury homes. Nordic is also one of the few neighbourhoods, to off er homes with ski-in/ski-out access. All of these homes are located on the Dave Murray Downhill, site of the 2010 Winter Olympic downhill event. Located next to Whistler Creekside, and only four kilometers from Whistler Village, Nordic is well serviced by local transit, as well as being conveniently located near the Valley Trail and across from Alta Lake. The Rim Rock Cafe, one of Whistler’s best restaurants is hidden away in Nordic.

Blueberry Hill Blueberry Hill has long been, and remains, one of the most prestigious addresses in Whistler. Positioned above the Whistler Golf Course, the luxuriously appointed chalets on Peak Drive and Blueberry Drive feature spectacular views of Whistler and Blackcomb Mountains and fabulous sun exposure. At lower price points there are a wide range of townhomes available, again often featuring great views.

Rainbow Rainbow has been designed to be a safe, family friendly and walkable neighbourhood. Homes enjoy a beautiful alpine setting with views of Green Lake and local mountains. Interconnecting pathways, bike trails and designated parks, Rainbow has been planned to integrate community amenities with the environment. All residents will be within a five-minute walk of local services including a gas station, grocery store, liquor store, cafe and newly added childcare facility. Baxter Creek Located above Rainbow, is a brand new development offering all day sunshine and spectacular south westerly views across Green Lake of Whistler and Blackcomb Mountains and Whistler Village. Homes being built here are a mixture of custom built single family homes and large townhouses in Red Sky. All owners will benefit from the use of the amenity building featuring an outdoor pool and hot tub. Emerald Estates This neighbourhood is located four kilometers north of Whistler Village just past Alpine Meadows. Quiet and out of the way, it overlooks Green Lake with spectacular views of Wedge Mountain and Armchair Glacier. Divided into two areas by Highway 99, Emerald offers both lakefront and mountainside chalets, as well as access to the Valley Trail all year long. WedgeWoods WedgeWoods is Whistler’s newest neighbourhood and a master planned community of 108 beautiful properties. Just a 12-minute drive north of Whistler Village, it boasts famous hiking and biking trails, a river running through the area, and sustainable features that adhere to a “philosophy of no regrets”. Available properties include building lots as well as stunning, ready-to-move- in chalets.

White Gold An extremely convenient location, situated close to Whistler Village, the Upper Village and Lost Lake. This makes White Gold a fabulous year round location. The area offers mostly flat lots, some of which back onto Fitzsimmons Creek. The homes are a real mix of older structures alongside new builds - there is great potential here to build your dream home. Spruce Grove A family oriented neighbourhood in a very convenient location. A great spot for activities as it is located adjacent to Spruce Grove Park, offering a playground, soccer fields and baseball diamonds. The Lost Lake trail system can be accessed directly from the park and is great for cross country skiing, biking and those summer days on Lost Lake beach. Lots in Spruce Grove tend towards the smaller side which creates a neighbourhood where the houses are closer together but with a real community feel. Green Lake Estates Also known as Nicklaus North, is positioned around the famed Nicklaus North Golf Course. A private, peaceful setting with flat lots and good sun exposure. Homes are a mixture of multi-million dollar chalets located next to the various fairways, as well as some smaller chalets. Good-sized townhomes are located in Englewood Greens and just past the clubhouse there are the spectacular Goldenwood townhomes. Condos can be found on the two levels above the Nicklaus North Clubhouse. Alpine Meadows The original local’s neighbourhood. Located three kilometers north of Whistler Village Alpine’s amenities include the Meadow Park Sports Centre with swimming pool, hot tub, sauna, steam room, skating rink, squash and tennis courts, modern fitness facilities as well as an outdoor water park for children. Alpine homes are conveniently located near the secondary school, a small cafe, grocery store and on the Valley Trail.

Blackcomb Benchlands Also called the Upper Village, is located at the base of Blackcomb Mountain. Some of the most prestigious hotels in Whistler are located here, including the Four Seasons and Chateau Whistler. From Spearhead Drive you can find a wide array of condo and townhome complexes, many of which offer ski-in / ski-out access. Whistler Cay Heights Considered the most central neighbourhood in Whistler - lies directly across the highway from the village and with easy access to lakes, parks, and golf via the Valley Trail, which is ideal for biking, rollerblading, or relaxing strolls. The convenience of the location can result in higher home prices, however, there are more affordable options in the townhome complexes which include Woodridge, Eagleridge, Sunrise and Smoketree. Whistler Cay Estates Just next door to Whistler Cay Heights, a short walk to the village and on the banks of Alta Lake, you will find this secret retreat for local families and weekenders. You will find the fittingly named Easy Street, Toad Hollow, Barnfield and Tapley’s Farm – well known for its Halloween decorations! The local elementary school and community sports fields are also located nearby, making this area ideal for families.

Nesters One of Whistler’s smallest

neighbourhoods, Nesters offers a convenient location close to Whistler Village as well as its own shopping complex containing Nesters Market, a popular supermarket with the locals. In terms of housing, there is a mix of older homes on Nesters Road and newer high-end homes on Treetop Lane. This neighbourhood is in a great position to get to the centre of the Village or to most other places around town.

HOW TO LOOK FOR YOUR IDEAL HOME

· We will identify up-front what is aff ordable · Iwill select only those properties that most closely meet your unique needs and interests · We will schedule a time to look at homes and neighbourhoods · If the Seller or their real estate professional is at the property when we are there, it would be best for you to limit your conversation with them · In order to help me fi nd the right home for you, I will ask you to tell me your thoughts about each property to see the positives and the negatives · We will continue to assess your needs and buying criteria Your Whistler Wishlist The property you buy will be much more than just a house; it will be your home. The following questions will help us find your ideal home: · How many bedrooms/bathrooms do you need? · Which price range are you comfortable with? · Is rental income important to you? · If you are planning to rent your home, do you want to manage this yourself or use a property management company? · Do you have a pet to consider? · Will you use your property in both Winter and Summer? · How many days approximately will you stay in Whistler at your new home? · Would you like a building with amenities? (Hot tub, pool, front desk service etc.) Discovering the right home should be an exiting event. As a real estate professional, my commitment is to make your home search as stress-free as possible.

LET’S TALK ABOUT ZONING AND YOUR OPTIONS

Phase I: Nightly Rentals When the Owner is not using their home, the Owner has an obligation to rent their property when they do not use it. This type of property works best for Owners who see their home as a good quality investment with huge personal perks. Phase II: Typically Hotel Managed Condominiums These homes are generally incorporated into an ongoing ‘hotel’ operation. Benefits include revenue as well as standard hotel services (cleaning and daily maid service) with property amenities. The Owner is allowed to use their property for a maximum of 28 days in the Summer months and 28 days in the Winter months. Additional usage may be at the discretion of the ‘hotel’ manager. These types of homes are best suited for investors primarily interested in revenue and long-term market appreciation with occasional use. Quarter Ownership An Owner occupies every fourth week in a home. The calendar rotates from one Owner to the next so eventually every Owner receives each of the holidays. The homeowners association manages all Owners in terms of looking after logistics. Real Estate titles can be sold, financed and passed on. As an Owner, you have fee simple title with a leasehold interest. What does a property management company do for me? There are several property management companies to look after your Whistler home, offering a wide range of services such as renting your home and providing cleaning and concierge services. A list of companies operating in Whistler is available upon request. Fees that management companies charge range between 40% to 50% of rental income and may include housekeeping fees. How does rental work in hotel condos? For hotel-style suites, the rental income is pooled and divided out to each Owner, depending on the suite size, view or a factor called ‘interest upon destruction’. You must use the rental management company that handles the hotel. Ask for our individual packages available for most complexes.

What is Whistler’s limited development ‘bed cap’? What protects my investment? The Accommodation Land Use Inventory was established as a monitoring tool to track Whistler’s annual accommodation capacity in terms of bed units. A unit is considered to be developed once it has passed building inspection. An underdeveloped bed unit is defined as one which has been approved by zoning or has been committed to by Council but has yet to be constructed. The Municipality of Whistler is currently reviewing the Bed Unit inventory as part of their Official Community Plan update. Under current Resort Municipality of Whistler policy, development has been capped. What is the population of Whistler and how many people visit? Whistler is a thriving town of about 12,000 permanent residents. There are also approximately 2,500 seasonal residents and 11,500 second homeowners. Whistler’s population can swell to over 40,000 during peak months. Average annual tourist visits are approximately 3 million visitors. Zoning: How often can I use or rent my home? Properties may have different types of ownership which defines the Owner’s use for their property. Nightly rental refers to the ability to rent your property to tourists or guests who stay in your home less than 28 consecutive nights. There are two types of zoning that deal with nightly rental; phase one and phase two. Properties that are zoned residential are not allowed to be rented on a short-term basis. Residential Zoning Residential zoning refers to properties that are occupied full- time or are vacation homes. Residential zoning does not allow homeowners to rent their homes to tourists (defined by guests staying for a duration shorter than 28 days). You may rent on a monthly basis to tenants who occupy your home full-time. Many family homes in Whistler have suites, which are apartments built into their homes. Suites help to provide: rental income for Owners, housing for employees and peace of mind that our neighbourhoods are occupied.

WHAT ARE THE EXPECTED OCCUPANCIES FOR WHISTLER RENTAL PROPERTIES?

With the 2010 Olympic Games, Whistler was placed on the map with many skiers and travel organizers around the world as a top visitor destination. Whistler has already seen a large increase in international visitors.

How much rental income can my property earn? Based on a home in the Village Benchlands, a typical one bedroom unit would rent in the range of $20,000 to $35,000 per year. The average is estimated at $25,000 per year. A two bedroom unit would rent in the range of $25,000 to $50,000 with the average estimated at $35,000 per year. A three bedroom would be in the range of $50,000 to $85,000. Four bedrooms can gross up to $100,000 or more per year. These are estimates only and are not relied upon.

For rental properties, consider that most of your income will be generated during peak times. Our peak season is November (American Thanksgiving) to April (Easter holiday). This is the largest revenue earning time. Typically, owners receive 80% of their revenue during this season. High income is a direct result of Winter rates as much as two times the room rate that is charged in the Summer season. More and more, Whistler is becoming a four-season resort with increased visitors during the summer months.

WILL RENTAL INCOME COVER THE COST OF MY PROPERTY?

Two bedroom (sleeps 6) sample:

Credits

Charges

Rental Income

$35,000

$14,000

Operating Expenses Management Fees (40% incl. of housekeeping)

Internet

$600

Utilities/Heat

$606

Strata Fees ($350/month as example)

$4,200

Property Taxes

$3,158

Tourism Whistler Fees (common plus commercial)

$1,662

Net Revenue for Owner

$10,774

PHASE ONE

PHASE TWO

Town Centre

Adara Hotel Aspens On Blackcomb Blackcomb Professional Building Fitzsimmons Four Seasons Private Residences Glacier Lodge

AlpenGlow Blackcomb Lodge Clocktower Blackcomb Spring Suites Crystal Lodge Delta Whistler Village Suites Executive Inn Four Seasons Resort Whistler Horstman House Listel Whistler Hotel Mountainside Lodge Nancy Greene Lodge Nita Lake Lodge Pan Pacific Mountainside Pan Pacific Whistler Village Centre Pinnacle International Hotel

Hilton Whistler Resort Embarc Resort Club Le Chamois Market Pavilion Marketplace Lodge Northern Lights Rainbow Building St Andrews House Tantalus Lodge Telemark The Cornerstone Building The Hearthstone The Marquise Twin Peaks Tyndall Stone

Summit Lodge and Spa Sundial Boutique Hotel Village Gatehouse Westin Resort and Spa Whistler Cascade Lodge Whistler Peak Lodge Whistler Village Inn+Suites Whistlerview

Wedgeview Centre Whistler Town Plaza Wildwood Lodge Windwhistle Woodrun

WWW.SHAUNAOCALLAGHAN.COM

Visit our website to access more information:

REVENUES FLOOR PLANS

INDIVIDUAL SUITE PLANS ALL LISTINGS IN WHISTLER

Use the password ‘RESORT’ to access protected pages.

ADDITIONAL COSTS

Tourism Whistler Assessment Fees These are yearly fees payable to Tourism Whistler on the 30th of June each year and are calculated based on the number of bed units (one bedroom equals two bed units) in the accommodation. If you are using the accommodation for personal use only and it is not available for rental more than 14 days a year, you may apply to pay a lower rate (common fee). In 2022, the fees are as follows: There are monthly fees associated with owning a home in Whistler which you should take into consideration when purchasing a property. Please check with me to confirm if these fees are applicable to the property you are interested in.

# of Units

Common

Commercial

1 Bedroom/

$109.10

$461.62

2 Units

tax included

What is Tourism Whistler’s Job? Tourism Whistler is a not-for-profit association formed in 1979 as a legislated membership organization empowered to market Whistler. It is responsible for developing and coordinating strategies in the areas of marketing and sales to promote the entire resort. Strata Corporation (Home Owner’s Association) Fees These fees are applicable to strata properties. They cover the monthly maintenance costs for the complex and townhomes and are able to levy special payments for extraordinary expenses if required. Property Taxes The general municipal tax rate on your property tax notice is called “mil rate”. The mil rate represents property tax dollars per thousand dollars of assessed property value. For 2022, the mil rate for a residential property is $1.3195 per $1,000 of assessed value. This means that for a residential property, every $500,000 of assessed property value results in a general municipal property tax levy of $660.

STRATA DOCUMENT REVIEW

This fantastic service will provide you with an in-depth look at your strata complex, council and unit. Having this unbiased third party takes the pressure off you and allows a neutral professional to review all the details providing you with a comprehensive report.

Documents reviewed on your behalf · Registered strata plan · Current bylaws · Most recent financial statements · Budget

What does a strata management company do for me? Strata management companies, also known as homeowners associations, are employed by the property owners. They oversee the maintenance of the property and facilities the homeowners use such as pools, recreational rooms and tennis courts. They also take care of garbage removal, snow removal, landscaping, exterior building repairs and maintenance. They manage financial affairs, arrange strata council meetings to resolve legal and environmental issues that may arise, as well as disputes between neighbours. Strata fees range from $300 to $1,200 per month for a typical two bedroom condominium. Your strata council are able to levy special payments for extraordinary expenses applicable to common areas, if required, such as substantial building improvements like roofing, hallways, carpet, painting etc. Most strata management companies are now gathering engineers reports on the buildings and being proactive with regards to long term planning. While this may mean special assessments are less frequent, you are instead seeing an increase in strata fees in most complexes.

· A statement setting out the amount of the monthly strata fees and the basis on which that amount was determined · Any minutes of proceedings of a general meeting of the council for the past two years · Insurance certificate · Lease agreement or exclusive use agreement with respect to the possession of a portion of the common property including a parking stall or storage unit

· Management agreement · Recreational agreement

· A statement setting out structural deficiencies that the strata has knowledge of at the time of the request in any of the buildings that are included in the strata plan · Capital replacement reserve fund · Reserve fund plan · The particulars of any post tensioned cables located anywhere on or within the property · A statement setting out the amount of any contributions due and payable in respect to a unit · The particulars of any unsatisfied judgement or order for which the strata is liable · The particulars of any written demands made on the strata for an amount in excess of $5,000 that, if not met, may result in an action being brought against the corporation

CLOSING

Completing your home purchase? It can take 15 to 90 days to complete all the steps involved in a home sale, depending on the complexity of the transaction. We will work closely with everyone involved in the transaction to help ensure that it moves ahead as smoothly as possible.

Here is a list of things we will do to help you: · Explain to you in detail all the steps that will occur and answer any questions you might have

What are the closing costs associated with buying? · Cost of mortgage · Insurance · Lawyer or Notary fees and expenses · Legal fees start at approximately $1,000 to $2,500 and go up from there depending on the transaction Taxes Property Transfer Tax This tax is levied by the provincial government and is applicable on all property purchases and amounts to 1% on the first $200,000, 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000, and 3% on the portion of the fair market value greater than $2,000,000, and if the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000

· Work with the Seller’s broker to see that they fulfil their responsibilities under the contract

· Attend the property inspection and review your detailed report

· Should you choose a strata property, we will have your strata documents professionally reviewed to ensure financials, reserve funds and supporting paperwork are in order

· Remove conditions and prepare paperwork to be sent off to your lawyer and mortgage broker

Other taxes

· Stay in touch with your lawyer’s office and conveyancing department to help coordinate their activities and keep the transaction moving forward

Only if applicable, Goods and Services Tax (GST) of 5%

What is GST? The Goods and Services Tax (GST) is a 5% federal and provincial tax which in many countries is a ‘hidden’ tax paid for by the manufacturer of goods or the provider of services. In Canada it is no longer ‘hidden’ but is a value added tax and, in the case of real estate, applies to the purchase of new construction and on the resale of commercial property. Potentially, homes that have been rented as short-term or nightly businesses are GST applicable and will be required to file an annual GST return. Buyers may choose to defer the GST by becoming a GST registrant at the time of closing if they are going to continue to rent their home on a commercial basis. If you choose not to use the property for nightly rental (commercial usage) and charge the usage to residential usage, then you will be required to self-assess and pay the GST. Please discuss your specifics with your accountant.

· Communicate with you on a regular basis so that you can stay informed and as worry-free as possible

NON-RESIDENTS

If you are intending not to be back in Canada prior to closing date, it is extremely important that prior to your leaving you complete the following:

OPEN A CANADIAN BANK ACCOUNT

CONTACT A LAWYER OR NOTARY TO WITNESS YOUR ID AND KEEP ON FILE FOR YOUR PURCHASE

It is simple and straightforward for a non-resident to own in Canada. However, there are a couple of requirments you will need to be aware of. Financing Banks outside of Canada are unable to lend money on Canadian properties. Typically, Canadian banks may lend 65% to 70% of the purchase price for non-residents.

Income Tax Withholding tax on rental income

You may obtain an exemption from the 25% that non-residents are required to pay to Revenue Canada by filling out a simple form called an NR6, which explains that your projected rental income is less than the anticipated expenses associated with your property. After filling in the NR6, you must also file a tax return with Revenue Canada.

SHAUNA’S LITTLE BLACK BOOK

We know what it’s like moving to a new town and not knowing who to call. We’ve opened up our little black book to share with you.

Home Inspection

Insurance

Banks

Wolf Pack Home Inspection John Maxon 604 932 9897 info@wolfpackhomeinspection.com wolfpackhomeinspection.com

Westland Insurance 604 932 5814 whistler@westlandinsurance.co m westland-insurance.com

RBC Royal Bank 4000 Whistler Way 604 938 5800 rbc.com

The Co-operators 604 938 6100 service@cooperators.ca cooperators.ca

CIBC Branch & ATM Bank 4338 Main St 604 966 0200 cibc.com TD Canada Trust Bank 4370 Lorimer Rd 604 905 5500 tdcanadatrust.com Blue Shore Credit Union 4321 Village Gate Blvd. 604 982 8000 blueshorfinancial.com

Don Barr Consulting Ltd. 604 905 8378 don@donbarr.ca donbarr.ca

Lawyers

Movers

Race & Company Sholto Shaw 604 932 3211 s.shaw@raceandco.com Whistler Real Estate Lawyer Adam Fraser 604 905 5180 adam@whistlerlawyer.ca

Sea to Sky Movers 778 656 1502 seatoskymoving.ca

Whistler All Time Moving 604 907 2780 whistleralltimemoving.com

Scotiabank 2010 Innsbruck Drive

604 966 3230 scotiabank.com

Ratcliff & Company Vancouver Chuck Piercey 604 988 5201 cpiercey@ratcliff .com ratcliff .com

Mortgage Specialists

Eileen Craig 604 698 8583 eileen@seatoskymortgages.com Karen Garrett 604 938 3638 karen@seatoskymortgages.com

WE ARE GLOBAL AND LOCAL.

For 75 years, Macdonald Realty has been helping make clients lives easier. What started in 1944 as a boutique real estate office in Vancouver’s Kerrisdale neighbourhood has grown into a fully integrated real estate company. With over 1,000 staff and agents in offices across BC, local experts are your go-to source for your real estate needs.

Leading Real Estate Companies of the World® is the home of the world’s market-leading independent residential brokerages in over 70 countries, with over 550 firms and 150,000 associates producing over

Macdonal Realty’s associates have an unprecedented advantage to promote luxury properties on an international stage. Luxury Portfolio International® is a unified collection of the worlds most experienced, visible and highly- regarded experts in luxury real estate. Founded in 2005, Luxury Portfolio exclusively markets extraordinary homes, utilizing a sophisticated mix of online and offline media to position properties for maximum exposure in an elite market.

1.3 million transactions valued at $350 billion USD annually.

The by invitation only network is based on the unparalleled performance and trusted relationships that result in exceptional client experiences.

Residential Commercial Property Management

THE HEART OF SKIING.

If you were lucky enough to grow up in a ski family, then you already know skiing is more than a pasttime... It’s a heart-to-heart on the lift. It’s a hug after a perfect run. It’s hot cocoa by the re pit. It’s memories - made in an instant - that last a lifetime.

This why we ski and live in Whistler.

604 905 9105 shauna@shaunaocallaghan.com

Personal Real Estate Corporation

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