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Whistler real estate ? Overpriced or Good buy

post #1 of 39
Thread Starter 
I am curious to hear the views of people familiar with
the local real estate there.

yes, i know it is expensive compared to other areas of US/canada. But what is the future potential?
post #2 of 39
Its been called "expensive" since day 1, but the price is still going up. So where is the end? Try the NEXT Whistler if you want to go cheap: Kicking Horse.
post #3 of 39
Kicking Horse is nuts already Jack. 1/4 acre lots for 350K wtf? For a place 3 hours - if you're lucky - from Calgary.

I think Sun Peaks is a better buy.

Whitney thats a big question.

If you compare Whistler to vail or aspen then Whistler still has to double to get there. Query whether its a valid comparison. If you look at Whistler from a equity to rents comparision then Whistler is a pretty lousy buy.

It all depends on what kind of property you look at too.
post #4 of 39
But Sun Peaks is not the NEXT Whistler. I know Rick won't agree with me, caus he bought SP already.

[ February 12, 2004, 06:07 PM: Message edited by: JackW ]
post #5 of 39
Rick and I are probably neighbours as we bought in trails edge. I don't know what the next whistler will be jack. That's tough to duplicate - just how many "world-class" resorts can there be?

But SP has much more potential to be a viable 4 season resort than KH.

- closer to major metro
- longer and warmer summers
- close to airport with flights from US (we love the USD)
- well-thought out development plan
- beginnings of a cool little village

From what I can see KH's terrain kicks SP's terrain ass but since the majority of skiers don't venture off blue/green SP might be a better bet
post #6 of 39
LeeL,

Here is my theory about KH.

1. You cannot grow a tamed mountain into Rocky Mountain High. But you can add tamed areas to an expert mountain. Yes, KH tarrain does not have the beginner's area now, but they can probably add that later. Its a better idea to start high and go low.

2. Cranbrook airport can be build up. Westjet fly there for the same price as to Kamloop or Kelowna. Alaska flights can be added to Cranbrook as needed.

3. lot more land around KH can be had to build it up(I maybe wrong).

4. Golden has more Heli/Cat skiing

5. Snow conditions are better, less fog and rain (fog being the major).

6. Summer business is never good on the mountains, rent in BW is about 1/2. The liftee supervisor told me. The waiters catching flies at Whistler, so screw the Summer.

Go ahead, beat me up.

[ February 13, 2004, 02:58 AM: Message edited by: JackW ]
post #7 of 39
Re: Jack W's comments; I have not been to KH, but how would you "add" beginner terrain? The problem with most mountains in BC is they are too steep or broken to develop. About all you could do is cut a road into the sidehill.

I wouldn't hold your breath on Cranbrook airport upgrades, or any travel infrastructure upgrades in BC in the next while... it'll all go to Olympic development for Vancouver/Whistler 2010. As well, Canadians are not quite the air-travel afficiandos Americans are... we drive. This is partly because air travel is not reliable in much of BC due to weather. Often regional flights must be cancelled.

Unless one of our interior towns booms to a population of +300,000 (which ain't gonna happen), Vancouver will be the always be the hub, and that means Whistler... it's expensive, but that is where your best investment bang for your buck will be.
post #8 of 39
There is ample scope for plenty beginner runs at KH. A lot of the lower mountain is perfect for cruising runs for the not-so-advanced. Another chair or two on the lower mountain and you've got some really nice beginner trails.
post #9 of 39
Quote:
Originally posted by JR:


I wouldn't hold your breath on Cranbrook airport upgrades, or any travel infrastructure upgrades in BC in the next while... it'll all go to Olympic development for Vancouver/Whistler 2010. As well, Canadians are not quite the air-travel afficiandos Americans are... we drive. This is partly because air travel is not reliable in much of BC due to weather. Often regional flights must be cancelled.

Unless one of our interior towns booms to a population of +300,000 (which ain't gonna happen), Vancouver will be the always be the hub, and that means Whistler... it's expensive, but that is where your best investment bang for your buck will be.
15 years ago, when I first visited Cranbrook for a week to ski at Kimberly, Fernie, Fairmount and such, KH did not even exist, it was called Whitetooth with one lift up(correct me if I am wrong). Cranbrook was a small sleeping town(the motels were empty and we had to fly into Spokane to drive up) and Fernie did not have the back side opened up, never mind the "village" build up. We drove right up to the lift pass window. Look at the area now! Fernie is a desitnation resort and Cranbrook has its airport built. If you do not call it progress, what do you call it? Another 15 years, who knows if Cranbrook cannot grow to the same size as Kelowna. With KH and FSV nearby and perhaps Kimberly's build up, it might as well grow into another major attraction.

I did not say Whistler is going down, but I believe there is room to grow in the BC ski industry and I believe KH is going to be the second Whistler.

I had just returned from BW a month ago, I saw a lot of developement there, but I do not believe it can rival Whistler, because the access road is too difficult to handle. But I believe KH has the potential. That is my opinion.

[ February 13, 2004, 10:08 AM: Message edited by: JackW ]
post #10 of 39
I personally didn't buy at Sun Peaks because I thought it was going to be "the next Whistler." I really don't believe there is going to be a next Whistler, Whistler benefits from a unique set of attributes that I doubt can be matched:

1) Some of the most amazing terrain in the world
2) Ok snow fall (good amounts, but I'd say only so, so quality)
3) It's 1 1/2 hours from a HUGE metro area with major national/international air traffic. This is the #1 thing Whistler has that none of these others do, a huge city just close enough that people day trip, but also just far enough away that people take weekend trips.
4) Another major metro area only 4 hours away (Seattle)

I bought at Sun Peaks because I can't afford Whistler, I like skiing the mountain, the people up here are great, I can still drive here from Seattle, oh, yeah, and I do believe that while this will never be Whistler, there is a lot of room for growth. I also believe I got in early enough that even if this place only grows to a fraction of the size of Whistler I'll do pretty well for myself. And either way, I'm having a blast skiing and hanging out up here, something I just can't really do with stocks and mutual funds

I hear great things about Kicking Horse too, I'm hoping to make it out that way next month. I don't know enough about it right now to comment upon the real estate market, but I do hear the "buzz" in the air about the place, much as I did about Sun Peaks a year ago. It is clear that promoting tourism is a huge priority for the BC government right now, so anything they can do to promote it will be done.

Perhaps my number #1 piece of advice to anyone looking to buy in a ski area (and realize, this is truly risky investing) is to go to the area and talk to the locals. You'll get lots of differing opinions, but what is the general consensus of the people that have been there for years and are watching this sudden expansion? Up here at SP there is A LOT of excitement, a lot faith in the people running the place, and even amongst the nay sayers that miss the good old days of Tod Mountain and the Burfield Lodge, almost the resignment that growth is inevitable at this point. Oh yeah, and before you buy, make sure you LOVE the area, because then just being there will make the whole thing worth it.

If I were a betting man, although based on incomplete knowledge of most of these places, I'd say investing in Whistler, Sun Peaks, Silver Star, Red Mountain, Fernie, and Kick Horse would all be good moves right now. The problem up here at Sun Peaks is that there is literally almost nothing available for sale right now. A new condo complex went on sale a couple weeks ago, 40 units, starting price $300,000, sold out in less then 6 hours!
post #11 of 39
jack - no way Im going to slag you. I haven't even been to KH yet and more to the point; no-one can possibly predict the future.

Frankly I don't think any other BC resort can become "world-class" in the same way WB has become.

I just don't think KH has the proximity to a large local population to do it. For that matter, that's SP's main weakness too
post #12 of 39
turned into an interesting discussion.

My background- Sister has condo at SP and I've skied there and have skied a fair bit at KH.

Don't think Cranbrook ( Cranhole) airport will much effect Kh as 2 hour drive while Calgary airport 3 though from Cranbrook much easier drive ( no KH pass closures , but none the beauty of Banff) The Cranbrook airport is fairly certain to be expanded to take charters from UK. Over heard high gov't offical at opening day at KH say something about it. Also that if any of the developers had a problem with local gov't they'd basicaly crush them like bugs. So sounded like Jumbo would get gov't approval over local objections. If I'd leaned any farther over I would have been sitting at their table.

The shape of KH doesn't allow for any real blues. Its really a black hill with a grean run out. You can kinda say the same thing about Fernie to a lesser extent. Every hill has a niche to a certain extent. Only problem with KH is that it doesn't really get that much more snow than Banff though it doesn't get the rain of Fernie.

Remember KH is the same distance from Calgary as fernie is. Calgary going on 1 Mil and has lots of money. Plus KH is maybe 30 minutes closer for people from Edmonton. Thats the local weekend skier/ real estate buyer market.

Also KH / Golden is on the Rockies "look at the mountains summer vaction" route. Banff's high season is in the summer not the winter. Only only people going to SP in the summer would be for golf holidays - lower mainland/ seatle.
post #13 of 39
Quote:
Originally posted by dougw:
turned into an interesting discussion.

Remember KH is the same distance from Calgary as fernie is. Calgary going on 1 Mil and has lots of money. Plus KH is maybe 30 minutes closer for people from Edmonton. Thats the local weekend skier/ real estate buyer market.

Also KH / Golden is on the Rockies "look at the mountains summer vaction" route. Banff's high season is in the summer not the winter. Only only people going to SP in the summer would be for golf holidays - lower mainland/ seatle.
Re KH - and Fernie. As the crow flys yes. But the pass is a major pain in winter and is subject to closure a lot in winter storms. The Calgary - Fernie road is quite a bit better.

For that reason I think Calgary effect will have as much effect on KH as it does on Panorama. Which is to say, not as great as the Vancouver on Whistler effect.

Mind you - the Coquihalla road to SP isn't that much better and is a longer summer drive than the Calgary - KH - Fernie road.

Re SP - there are plans to bring the summer busses going from Vancouver - Cgy through to SP to nightstop in summer. That is predicated on finishing the east road.

Regardless
post #14 of 39
No actually driving time is about the same Calgary to Fernie or KH both about 3 hours and the Crownest gets closed a fair bit do to weather. though I'm in NW Calgary so my Hwy 1 access is better than most. Lot of pressure to keep KH pass open do to a major truck route. Also distance past Lake Lousie is only about just over an hour.

Though generally driving down 22 to crowsnest is going to be easier drive though its pretty wind swept and desolate. Done both as a day ski and either fun in dark. From NW calgary KH easier from SE and SW calgary Fernie easier.
post #15 of 39
Quote:
Originally posted by dougw:
No actually driving time is about the same Calgary to Fernie or KH both about 3 hours and the Crownest gets closed a fair bit do to weather. though I'm in NW Calgary so my Hwy 1 access is better than most. Lot of pressure to keep KH pass open do to a major truck route. Also distance past Lake Lousie is only about just over an hour.

Though generally driving down 22 to crowsnest is going to be easier drive though its pretty wind swept and desolate. Done both as a day ski and either fun in dark. From NW calgary KH easier from SE and SW calgary Fernie easier.
K - I'll defer to you as I lived in Calgary over 10 yrs ago. I had a truck with pretty lousy tires so the drive from nw calgary to Golden always seemed like crap to me.

Fernie and Canmore housing corrected about 15% downward about 3-4 years ago. Has it come back?

http://www.kickinghorseresort.com/ne...dreamhomes.htm

Check out lot prices! Where's the short term 10 year upside?
post #16 of 39
I think so . Canmore has been really shooting up lately so much so people are selling in Canmore and moving back to Banff. Though Canmore has no great appeal to me unless you only worked 3 days in Calgary or something like that so was a permanent res. maintaining two residences and hour apart doesn't make sense to me. I really don't know who buys in Canmore.

Yes the lot prices on the Hill at KH are really high. Everything they come out with seems to be just a bit cheaper than Fernie, just. And have rationed out what they offer.

As skiers its not just the investment potenial its do you want to ski at that hill. For my sister SP is great, easy drive form Abotsford , mellow skiing, golf course out their back down and have had a very good return. Only rent it out 2 weeks of year.

Personnely I don't want property on the hill. Acrage 10 -20 minutes away would be perfect. Was almost able to 5 acres outsideof Fernie for 35K about 6 years ago . Now that would of been sweet. Prices KH vs Fernie are about a wash. The only wild card is it Revelstoke gets the big hill ( will make WB and KH look like ant farms) well not quite. But lots of snow , steeps and way vert if you give them that they will come.
post #17 of 39
A buddy is working on an estate lot project 5 mins out of town towards KH. 1/4 acre lots for 100k or so - now that I find interesting. There's lots of inventory in big acreage around Golden but if if I was going to make the acreage bet I would look seriously at Nelson. Now Whitewater sounds like something interesting.

You mentioned Jumbo. I've biked up Canoe Mountain. Interesting terrain but Valemount seems really far.

Revelstoke is an idea too but that resorts been all talk for the last few years.
post #18 of 39
"For that reason I think Calgary effect will have as much effect on KH as it does on Panorama. Which is to say, not as great as the Vancouver on Whistler effect."

I gotta disagree on that one. Invermere and Radium are Calgary's cottage country. Panorama never took off as it had crappier snow than Banff ( so why go to Panorama) and maybe just oil industry timing but alot of people who brought there are still losing money. Old condo there are dirt cheap or were the last time I looked.

KH is a 6 hour weekend drive. LL is almost 4 hours per day . on a weekend skiing both days you save 2 hours. Thats why so much of Calgary owns in Fernie and Castle. If KH had the snow that Fernie did KH would take off ( without the rain) . But it doesn't get that snow. Right now sitting not that differnet than Sunshine. Also the town is a hole. I guess Fernie used to be but its not any more so Golden suffers by comparison.
post #19 of 39
Quote:
Originally posted by LeeL:
A buddy is working on an estate lot project 5 mins out of town towards KH. 1/4 acre lots for 100k or so - now that I find interesting. There's lots of inventory in big acreage around Golden but if if I was going to make the acreage bet I would look seriously at Nelson. Now Whitewater sounds like something interesting..
So is that on the west side of the river?
Nelson is pretty expensive also and quite a drive from Calgary. though its a great town.

Quote:
Originally posted by LeeL:
You mentioned Jumbo. I've biked up Canoe Mountain. Interesting terrain but Valemount seems really far.

Revelstoke is an idea too but that resorts been all talk for the last few years.[/QB]
Jumbo's up the road from Panorama if i understand you corectly. But yes Valemount is far form everything. From Calgary its you can't get there from here. So no local market at all. But if you have powder maybe they will come.

Revelstoke is talk but its an excellent mountain - just did two days of cat skiing on it 3 weeks ago.
-Local support
- crappy access from Calgary - rodgers
- supper snow - more than Fernie with no rain at the higher elev. and way way more than KH
- All they need is 100mil
though maybe all the local support isn't all good as it kinda sounds like Hamilton wanting a NHL team
post #20 of 39
You're making some powerful arguments for Golden now. I am going to check it out sometime this summer.

Panorama real estate on-mountain is now pricey. There's some lots on the Graywolf golf course going for nutty prices. Speaking to locals, they're not at all happy with Intrawest. That and the poor snow made me scratch Panorama off my list. I still don't see the appeal of that mountain for Intrawest as they've usually focused on mountains with strong terrain.

You're probably right about panorama; radium and the likes. Thinking harder about it, I do recall tons of Calgarians having summer places there.

Now Westcastle (can'tget used to calling Castle) sounds interesting. I keep hearing about base expansion.

Quote:
Originally posted by dougw:
"For that reason I think Calgary effect will have as much effect on KH as it does on Panorama. Which is to say, not as great as the Vancouver on Whistler effect."

I gotta disagree on that one. Invermere and Radium are Calgary's cottage country. Panorama never took off as it had crappier snow than Banff ( so why go to Panorama) and maybe just oil industry timing but alot of people who brought there are still losing money. Old condo there are dirt cheap or were the last time I looked.

KH is a 6 hour weekend drive. LL is almost 4 hours per day . on a weekend skiing both days you save 2 hours. Thats why so much of Calgary owns in Fernie and Castle. If KH had the snow that Fernie did KH would take off ( without the rain) . But it doesn't get that snow. Right now sitting not that differnet than Sunshine. Also the town is a hole. I guess Fernie used to be but its not any more so Golden suffers by comparison.
post #21 of 39
for ski_rick or others, any special tax, citizenship or other issues for an american to buy real estate in Canada?
post #22 of 39
doug.

doh. I confused Jumbo - the backcountry watershed development close to Panorama with this proposed development

http://www.sunriseint.com/canoemountain/press.htm

which is the development on Canoe Mountain - the northernmost peak on the Monashees close to Valemount.

I can't recall precisely where the land in Golden is located other than its 5 minutes out of Golden towards KH; is on a raised plateau so has decent views; and has decent road access. They were just is survey phase so its a while before building.

jamesj

Americans have some sort of witholding tax for purchases in Canada.

This talks about what you do for rental income and for sale - http://www.rolfebenson.com/non-residents.html

and some discussion about purchase

http://www.whistlerrealtors.com/whis...es-taxinfo.pdf
post #23 of 39
"Now Westcastle (can'tget used to calling Castle) sounds interesting. I keep hearing about base expansion."

The quality of the abodes at the base is a lot beter now than two years ago , the last time I was there before a couple a weeks ago. Still some mobiles but seem pretty nice and now there are some up market stuff.
post #24 of 39
"You're making some powerful arguments for Golden now. I am going to check it out sometime this summer."

Hopefully both sides of the coin, as debating all the time. Golden will get trendy and not so red neck but not as fast as fernie.

KH/Golden Pluses

+s
- less rain in summer
- mountain at higher elev. than town ie don't get as much in your driveway
- close to ww rafting
-close to 3 national parks
- drive is close enough for friday night after work ( not that much further than LL
- if you have a local address in summer get supper cheap seasons pass ( well pretty sure- subject to change)
- close to rodgers and tons of supper BC for touring if in to that

-s
- less snow than fernie
- still redneck town that started more expensive than Fernie
- on hill RE just as expensive as fernie
-KH pass supper pain esp. now due to construction ( the never ending bridge constuction)
-
post #25 of 39
DougW & LeeL,

Very informative discussions here and I learned a lot.

However, this discussion is based on buying real estate in Ski areas as a vacation home(when you talking about driving distances etc.) assuming you live in big meto areas like Vanchourver or Calgary. What if some one wants to make the place as permanent home? We had big discussions before about living in Whistler and jobs nearby. Lets talk more about lifes in Golden, Cranbrook, Kelowna, Vernon, Kemloop..... What are the chances for an "outsider" to gain a position in these small community in terms of looking for a job or being an entreperneur? What is available at the slope side in KH if you live there?
post #26 of 39
Jack, Not sure if I can speak too much on those places as I've only been out west in Calgary for 4 years after 12 years in Onhorible. But my brother lives in on of those ..white bread, in breed, mountain town.. ( end music).

Cranbrook, ( local name Cranhole) kinda ugly downtown, basically one long strip mall, gas station car lot along hwy. Does have a Wal-Mart now which suits it. A bit bible thumping. Basically a service centre for forestry industry. Has been depressed for 8 years or so. Very dry and lots of sunlight days. Moderate climate. About 1 hour to Fernie 30 minutes to Kimberly. Can get nice views of Rockies front range. No good restaurants.

Kimberly, major employer, mine shutdown 1-2 years ago so very depressed though hill is expanding and lots of golf courses being developed. Ski niche is cheap family ski vaction for Calgary and people with bad teeth ( ie Brits)

Golden - check out Dec 2003 Powderissue. Logging, railway, truck stop, backcountry /heli ski, now ski town.

Nelson, supper cool town, tons of funky resturants , beautiful lake , lots of snow in mountains but not in drive way, ( only 60 % of teenagers buy weed.... the other 40 % grow it themselves or get it from parents or grandparents grow operation) IE its a liberal town.
post #27 of 39
Quote:
Originally posted by JackW:
DougW & LeeL,

Very informative discussions here and I learned a lot.

However, this discussion is based on buying real estate in Ski areas as a vacation home(when you talking about driving distances etc.) assuming you live in big meto areas like Vanchourver or Calgary. What if some one wants to make the place as permanent home? We had big discussions before about living in Whistler and jobs nearby. Lets talk more about lifes in Golden, Cranbrook, Kelowna, Vernon, Kemloop..... What are the chances for an "outsider" to gain a position in these small community in terms of looking for a job or being an entreperneur? What is available at the slope side in KH if you live there?
i think I chimed in about Whistler before and the impossibility of finding meaningful work unless you telecommute. Meaningful work relative to the cost of living I mean

I'll just speak to what I know; you've asked a big question.

Comox/Courtenay - close to Mt Washington. I love the island; the windsurfing is good. You're close to mountains; close to Strathcona. Jobs are mostly resource-based. Lots of tourism in summer and some limited tourism in winter. Pretty town. Houses in 200k range

Smithers - pretty town also. Close to Hudson Bay which I understand is getting some development $ but isolated and can be difficult to get to. I know people who live there and love it.Houses in 150 - 200k range

Kelowna - butt ugly town imo. Close to BigWhite. More jobs but houses are getting pricey now. Think 250 - 300k

Vernon is pretty but kinda redneck. Close to Silver Star. Not a ton of jobs - resource but lots of mill closures. Houses are about 200 - 250

Penticton - I've never skied at Apex. See comments re Vernon but less redneck. I understand Apex is smallish but can get pummelled by snow. Mostly tourism

Kamloops - Ugly but getting better. Houses are 200 -250k. SPeaks is nice but has limited advanced terrain. STill the holy trinity of BW, SS and Apex are only about 1 - 1.5 hrs away. WOrk is resource, industrial based

Nelson - so pretty. Think gorgeous but economy is hurting. Lots of govt jobs disappeared and resource sector got kicked in the nuts down there so its mostly tourism but really how many latte shops can a town sustain? Whitewater! Houses are 200 -250k

Rossland - see Nelson but waaaaaaayyy smaller. Think redneck and granola blended together.

Apologies if I've offended anyone with these gross generalizations but I am worn out from skiing powder and cannot type more.
post #28 of 39
We have been to the circles, whereas we started with the question on Whistler real estate and took a ride around BC skiing towns. As a professional real estate investment advisor, I'd say all these ski area real estates are poor investments to the buyer and great investment for the large developers and property management company. Unless you buy it for your own living quaters and rent it out when you are on vacation. Ski towns are no investment, its risky for speculation with poor returns.

To be qualified as an "investment" you need an average 7% yearly return after netting out the expenses including wear and tear, management cost and all the taxes, dues, interests and fees. I don't belive any slope side accomodations can achieve. Please correct me if I am wrong.

[ February 15, 2004, 07:07 AM: Message edited by: JackW ]
post #29 of 39
I may as well jump in with a few pennies. Rossland is a really nice place. Not as redneck as stated in my mind, that's down the hill in Trail. Rossland gets the white colour class from the world's largest lead smelter down at trail and then ski bums and hippies. The problem in my mind is it isn't close to anything. Vancouver is still a haul and Calgary more so. Spokane is only 2 and a bit hours though. Only meaningful work is down at Cominco (smelter and related stuff) or professional. Even then a doctor there I skied with years ago said there were 90 doctors in that valley. That is a ridiculous number per capita making the same lifestyle choice. The Cominco operations always seems one economic slump away from shutting down. I've barely been to Nelson but see it as the same with less employment. The Castlegar airport that services the area is notorious for unreliable landing conditions.

Golden I think will go through a lot of pain before it finally MIGHT make it. To me the powder hype seems to have more to do with low skier visits and limited lift access (long rides). There is certainly potential but the lack of nearby population base won't make it easy. I think it's an interesting point that BC capital expenditures will be focused on Whistler's Olympics. Politicians may say otherwise but I have known one or two of them to waffle a bit. Do you guys realize there is a 9000' paved emergency runway at Fairmont? That would change the picture some.

Revelstoke has potential but 20 years ago I heli skied there and we spent a down day skiing Mount Mackenzie and I've cat skied the mountain as well. 20 years ago the big mountain expansion was all the talk so nothing is new there but still no actual expansion.

Comox/ Mount washington on Vancouver Island. The Island is great and offers tons but is expensive and isolated. The ferry is a pain when you want off and you will. Washington is supposedly doing a big expansion this summer to open higher end and more blue terrain.

The Okanagan is awesome and also offers lots. Golf, cycling, beaches, dry summers (but stinking hot) and some wine. Also relatively easy to get to Vancouver and fly into Kelowna is good with just 45 miuntes of bus to Silver Star or Big White. The towns are sort of ugly but have lots of outlying areas for estate type or rural living. I love Silver Star for skiing but Vernon is lacking. Penticton is probably the nicest town but I've never skied Apex. A lot of land around Penticton is native controlled which has caused much trouble for Apex and Sun Peaks for that matter (same deal up there).

Sun Peaks when I visited 4 or 5 years ago had a real big mountain attitude and pricing with small resort features. A lot of bad weather, weird lift set up and not much demanding terrain. Amazing cruising and steep rippin' on groomed though.

I think Whistler is over priced and although some sectors have still been going up some have stagnated and I think it could see a hit coming, although the olympics could hold that off. 20 minutes south is Pinecrest and Black Tusk communities on either side of a man made lake. There is slated to have a gondola from Function junction (10-12 minutes away) to the top of Whistler. Thinking is that may be fast tracked with the Olympics. Those communities will then be quicker to lift access than the north end ones of Alpine and emerald estates and since they are out of the resort none of the brutal resort taxes apply. The cross country stuff is supposed to go in somewhere behind these places so I'm not sure what impact construction and development will have there.

Day off the skis and I'm bored. Most of this has been said one way or another already but just throwing it out there.
post #30 of 39
Quote:
Originally posted by L7:
I may as well jump in with a few pennies. Rossland is a really nice place. Not as redneck as stated in my mind, that's down the hill in Trail. ...... 20 minutes south is Pinecrest and Black Tusk communities on either side of a man made lake. There is slated to have a gondola from Function junction (10-12 minutes away) to the top of Whistler. Thinking is that may be fast tracked with the Olympics. Those communities will then be quicker to lift access than the north end ones of Alpine and emerald estates and since they are out of the resort none of the brutal resort taxes apply. The cross country stuff is supposed to go in somewhere behind these places so I'm not sure what impact construction and development will have there.
Hey L7 - good points.

I did feel bad about calling Rossland redneck as it isn't half as bad as Trail but that's not saying much as Trail is about as redneck as it comes.

Pinecrest and Black Tusk are so expensive now. A 3bd 3 ba with a 10,000 sq ft lot will set you back about $ 600 - $ 700k now. I'm not sure I can see the value in that. Having said that I can accept that the southern part of Whistler; Creekside area; will get a bump in value as more expansion and development heads down that way - after all we just got a neighbourhood Creekside grocery store!

I think Squamish is intriguing. I like the north end of Squish better and looked at rental homes there 2 years ago when you could get decent 3bd 3ba 1/4 acre lots with garages in 200 - 240k range. Now I'd be paying 350 for that. Duh for not buying then. There is a lot of inventory going to hit market soon though and I wonder whether there will be a correction.
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