There are two main types of Rental Covenants in Whistler. A Phase 1 Rental Covenant is the least restrictive as owners are allowed unlimited use of their property. When the owner is not using the property, it is meant to be placed with a Rental Management company for rental to the general public. A Phase 2 Rental Covenant is more restrictive in terms of owner usage. Owners are limited to 56 days of personal use (28 days in the summer & 28 days in the winter). The remaining days must be rented out nightly by a Rental Management company.

Tourism Whistler is a legislated mandatory membership organization, which is empowered to market Whistler on behalf of its members. All owners of what is designated “Resort Lands” in Whistler must be members of Tourism Whistler and contribute assessment fees to support ongoing marketing and sales initiatives. We encourage you to visit each of the departmental sections of this website to understand the role of each department and current initiatives in the marketplace. members.whistler.com

Simply stated, strata condominiums are a form of interest in real property combining an element of fee simple ownership and common property owned as tenants in common. You will own your strata lot or condominium unit in fee simple. The strata lot is defined in the Strata Plan. In addition, you become a tenant in common with respect to all common property and assets, in proportion to the unit entitlement.

The Goods and Services Tax (GST) is a 5% federal tax that applies to the purchase of Real Estate. New construction and commercial or nightly rental properties are most known to be GST Applicable, on the purchase price. First purchasers of new or commercial property that will be occupied as a principal residence may be eligible for a rebate of a portion of the GST. Most purchases of used residential properties are exempt from GST. Some purchasers of nightly rental or commercial properties may defer it by becoming a GST registrant. Becoming a GST registrant is a straightforward procedure of completing four forms. Once you are a GST registrant, you are entitled to claim credits for the GST that you pay, for example on legal fees, property management fees, and utilities such as electricity, gas, cable, and telephone. You are then required to charge, collect, and remit GST on the nightly rentals, which in some cases may be done through your property manager. You will be required to file an annual GST return as well. Always consult with a Canadian Accountant to understand how GST may or may not apply to your purchase.

Yes, Whistler and Pemberton are exempt from the Canada Foreign Buyer Ban and, as such, non-resident purchasers can purchase property in these communities. Both fixed-rate and variable-rate mortgages are available through Canadian lenders for terms of 1 to 10 years. The loan can be amortized for up to 30 years. As a non-resident, you may be required to have a larger down payment of 35%.