Whistler Real Estate Coporation

604.905.8438 | davebrown@wrec.com
Whistler, BC, canada

Whistler Real Estate Coporation
Leading Real Estate of the World

Whistler Real Estate Market Report- September 9 to 15, 2019

We saw 9 property sales in the Whistler real estate market for the week of September 9 to 15, 2019.

We saw 3 condo sales between $520,000 and $1,150,000, 2 townhouse sales between $599,000 and $600,000, 3 chalet sales between $1,585,000 and $1,988,000 and 1 duplex sale at $879,000.

10 new property listings hit the Whistler real estate market. Click here to view the new listings for the week and the total active listings total is at 294.

Want a more detailed update on the market, contact me directly for more information.

15Sep

Whistler Real Estate Market Report- September 2 to 8, 2019

It was a solid week for property sales in the Whistler real estate market with 12 sales for the week of September 2 to 8, 2019.  We saw 4 condo sales between $550,000 and $680,000, 7 townhouse sale between $530,000 and $1,750,000 and 1 vacant land for $650,000.

14 new property listings hit the Whistler real estate market. Click here to view the new listings for the week and the total active listings total is at 298.

Want a more detailed update on the market, contact me directly for more information. 

8Sep

Whistler Real Estate Market Report- August 26 to September 1, 2019

It was a busy week for property sales in the Whistler real estate market with 16 sales for the week of August 26 to September 1, 2019.  This was the second-highest total number of sales for a week thus far in 2019!

We saw 4 condo sales between $355,000 and $5,225,000, 7 townhouse sale between $507,000 and $3,700,000 and 5 chalet sales between $1,850,000 and $3,101,000.

20 new property listings hit the Whistler real estate market. Click here to view the new listings for the week and the total active listings total is at 294.

Want a more detailed update on the market, contact me directly for more information. 

1Sep

Whistler Real Estate Market Report- August 19 to 25, 2019

It was another double-digit week for property sales in the Whistler real estate market with 11 sales for the week of August 19 to 25, 2019.

We saw 5 condo sales between $388,000 and $1,720,000, 4 townhouse sale between $645,000 and $2,100,000 and 2 chalet sales between $1,350,000 and $2,075,000.

17 new property listings hit the Whistler real estate marketClick here to view the new listings for the week and the total active listings total is at 283.

Want a more detailed update on the market, contact me directly for more information.

25Aug

Whistler Real Estate Market Report- August 12 to 18, 2019

It was a double digit week for property sales in the Whistler real estate market with 12 sales for the week of August 12 to 18, 2019.

We saw 6 condo sales between $210,000 and $1,150,000, 2 townhouse sale between $755,000 and $2,685,000 and 4 chalet sales between $1,600,000 and $3,100,000.

20 new property listings hit the Whistler real estate market.. Click here to view the new listings for the week and the total active listings total is at 290.

Want a more detailed update on the market, contact me directly for more information.

18Aug

Whistler Real Estate Market Report- August 5 to 11, 2019

We saw 8 property sales in the Whistler real estate market for the week of August 5 to 11, 2019.

We saw 3 condo sales between $512,000 and $850,000, 4 townhouse sale between $615,000 and $1,170,00 and  1 chalet sale at $3,125,000 and 1 vacant lot sale at $1,400,000.

11 new property listings hit the Whistler real estate market.. Click here to view the new listings for the week.and the total active listings total is at 283

Want a more detailed update on the market, contact me directly for more information.

11Aug

Whistler Real Estate Market Report- July 29 to August 4, 2019

It was busy start to August 2019 with 10 property sales in the Whistler real estate market for the week of July 29 to August 4, 2019.

There were 6 condo sales between $236,000 and $1,730,000, 1 townhouse sale at $770,000 and 3 chalet sales between $1,562,000 and $7,988,000.  The last sale being the fourth highest dollar sale in 2019 in Whistler!

17 new property listings hit the Whistler real estate market.. Click here to view the new listings for the week.and the total active listings total is at 280

Want a more detailed update on the market, contact me directly for more information.

4Aug

Whistler Real Estate Market Report- July 22 to 28, 2019

We saw 5 property sales in the Whistler real estate market for the week of July 22 to 28, 2019.

We saw 2 condo sales between $488,000 and $492,000, 1 townhouse sale at $500,000 and 2 chalet sales between $1,580,000 and $1,970,000.

15 new property listings hit the Whistler real estate market.. Click here to view the new listings for the week.and the total active listings total is at 283

Want a more detailed update on the market, contact me directly for more information.

28Jul

Whistler Real Estate Market Report- July 15 to 21, 2019

We saw 8 property sales in Whistler real estate market for the week of July 15 to 21, 2019.

We saw 5 condo sales between $206,000 and $949,000, 3 townhouse sales between $739,500 and $2,375,000.

19 new property listings hit the Whistler real estate market. Click here to view the new listings for the week.and the total active listings total is at 283

Want a more detailed update on the market, contact me directly for more information.

21Jul

US Federal Reserve Cuts Quarter Point from Overnight Lending Rate

Interesting commentary from Dr Sherry Cooper the Chief Economist at Dominion Lending Centres on the 25 basis point cut by the US Federal Reserve on overnight target rate:

 

The Fed's Quarter-Point Rate Cut Not the Start of Something Big

The Federal Open Market Committee (FOMC) cut the overnight target rate by 25 basis points as expected today. Chairman Jerome Powell, however, said it was designed to "insure against downside risks" rather than to signal the start of multiple rate cuts. President Trump called for "large" rate cuts on Twitter and has for months pressured the Fed to ease monetary policy. It is very unusual for the Fed to cut interest rates in the face of the continued strength in the US economy and the enormous declines in unemployment.

I cannot remember a reversal of policy with so little impetus. Indeed, the opening sentences of the FOMC statement are, "Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low."

The White House pressure is without precedent to the point that Trump publically threatened to demote Chairman Powell if the Fed didn't cut rates. He also proposes to fill vacant seats with known rate doves. This infringement on Fed independence is very dangerous for the credibility of the central bank. Moreover, it will likely weaken the US dollar if additional rate cuts follow quickly.

Consumer spending remains strong; however, a slowdown in business fixed investment was caused by the President's insistence on generating trade tensions with China, Canada, the UK and other trading partners. The global economy has slowed because of this uncertainty. China's economy has decelerated significantly, and manufacturing and agricultural exports to China have been particularly hard hit.

Another issue of concern to the FOMC was the low level of inflation. The Fed targets a 2% inflation rate. The Fed's favourite inflation measure is now running at about 1.4%-to-1.6%.

Two Federal Reserve Bank governors voted against this action preferring at this meeting to maintain the prior target range. It was the first time since Powell took over as chairman in February 2018 that two policymakers dissented.

Today's action was the first interest rate cut since the financial crisis began more than a decade ago. The Fed started to normalize interest rates from historically low levels in 2015 as the US economy was recovering and continued to raise the fed funds rate until December 2018. Normalization of monetary policy also included the gradual shrinking of the Fed's balance sheet--selling bonds into the marketplace, slowly reducing liquidity. Today, the Fed stated it would cease this activity as of tomorrow, rather than the planned date in September.

Bottom Line: The Bank of Canada will not follow the Fed. Canadian interest rates are already below those in the US. While the target range for the US fed funds rate is now 2%-to-2.25%, the target overnight rate in Canada is 1.75%. Moreover, today's real GDP report for May surprised on the high side, suggesting that GDP growth in the second quarter could be close to 3%. This is well above the Bank's earlier estimate and justifies the Bank's remaining on the sidelines.


Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres

Whistler Real Estate Market Report- July 8 to 14, 2019

It was a double digit week with 11 property sales in Whistler real estate market for the week of July 8 to 14, 2019.

We saw 4 condo sales between $216,000 and $490,000, 3 townhouse sales between $929,000 and $1,775,000 and 4 chalet sales between $1,175,000 and .$3,300,000.

18 new property listings hit the Whistler real estate market. Click here to view the new listings for the week.and the total active listings total is at 276

Want a more detailed update on the market, contact me directly for more information.

14Jul