2006-06-21 04:53:49 · 5 answers · asked by Mike 2 in Business & Finance ➔ Renting & Real Estate
It can be. I know I have read about Whistler doing expansion plans, but if they don't have any plans to increase facilities and such, it may not be that great of an investment. Obviously it will always have value being near some of the best skiing in North America, but to make it an investment, it's value has to increase. Find out what Whistler is doing to attract more people to move there.
2006-06-21 04:56:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
With Vancouver hosting the Olympics (in 2010, I think) it would seem like a condo in the area would be a good investment. My aunt has turned over two condos since the Olympics were announced and has made a tidy profit in each case. I'd have to assume that Whistler would be the site of some of the events making it particularly desirable (you could probably rent it out for a mint during the games.) Your best bet is to talk to someone with knowledge of the local market.
2006-06-21 19:12:00 · answer #2 · answered by mockingbird 7 · 0⤊ 0⤋
While Answers is probably not the best forum to ask for advice on real estate investments, Whistler BC real estate prices have been consistently steady (and high):
Whistler also enjoys astronomical real estate prices. As of December 2005 rooms in hotels with 1 bed, no kitchen and a washroom sell for over $100,000. Remax Sea to Sky as of December 14th 2005 had 254 Listings. Only 3 of these were under $100,000. Two of the three were parking stalls and one was a timeshare.
2006-06-21 11:55:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Obviously you are a skier or snowboarder. If so then yes. Whistler is on the top of list when it comes to ski resorts and property. If you get a good i would go for it.
2006-06-21 11:57:01 · answer #4 · answered by holykrikey 4 · 0⤊ 0⤋
yes,good luck
2006-06-21 12:11:08 · answer #5 · answered by Believe in BIODIVERSITY. 3 · 0⤊ 0⤋