Even though buying real estate here is no more complicated than in most other places in Canada, there are some unique categories of properties in Whistler. Here is a quick summary of some of the terms you will run across during your search:
Phase I or Phase II?
This refers to covenants covering owner use of strata properties (i.e. condominiums) in Whistler. Phase I properties allow unlimited use by the owner, however, when the property is not occupied it must be made available for rent, either by the owner directly or through the use of one of the many property management companies in Whistler. Because nightly rentals are allowed, Phase I units offer great flexibility to their owners. Owner use in Phase II properties is restricted to 28 days in the winter and 28 days in the summer, for a total of 56 days. For the rest of the year these units must be made available for rental. Examples of Phase II properties would be the suites found in hotels like the Westin or Pan Pacific in Whistler Village and are geared towards the occaisional Whistler visitor or investor looking for income.
Fractional Ownership
This is a relatively new development in the Whistler real estate market with the most common type being the quartershare. In a quartershare the owner has title to one quarter of the property and is allowed one week a month personal use with the possibility of renting out their unoccupied weeks.
We're here to help!
This is not meant to be a complete list and there may be other covenants or zoning rules to consider before buying. Our job is to help you navigate through it all and help find you the property that will best suit your needs.