Bank Of Canada Holds Interest Rates
On December 6th 2023 the Bank of Canada held its target for the interest rate again at 5%. The global economy continues to slow. The growth in the United States has been stronger than expected and growth in the European Union has weakened.
In Canada, economic growth stalled through Q2 and Q3 2023. The Bank of Canada’s quantitative tightening is continuing but could be coming to an end. The effects of the current cycle are still working their way through the economy. Consumer spending has slowed with no consumption growth. The slowdown of the economy is reducing inflation. However, housing price inflation has picked up, reflecting a faster growth in rent and other housing costs along with the continued contribution from elevated mortgage interest costs.
On a brighter note, with the rate steady at 5%, we anticipate the competition in the Whistler and Pemberton markets to increase.
For those who looking to buy in these markets, now would be a good time.
Featured Listing – New Price
12 – 3525 Falcon Crescent
3.5 bedrooms | 2.5 bathrooms | 1948 sq.ft. | new price at $2,995,000
Located minutes from Whistler Village in Blueberry, this exquisite townhome offers the perfect blend of comfort, convenience, and natural beauty. Residential zoning ensures a very peaceful and quiet area. Boasting mountain views and a prime location near Whistler Golf Course, this property is a fantastic opportunity to experience the best of Whistler living. Step into a spacious living area that connects the living, dining and kitchen. Large windows flood the interior with light and showcase mountain views. A sun deck off the main living area, a covered deck off the kitchen, (perfect for morning coffee), as well as the ground level provide ample outdoor living space. Upgrades include radiant heat in the entry, bathroom and ensuite, steam shower and designer lighting. Garage and mudroom on the lower level provide ample storage for your toys and gear. Available for immediate occupancy and comes furnished.
Events
BC Snowboard Provincial Series January 4 – January 6
Fire and Ice Show January 7, January 14 & January 28
Cross Country BC Teck Coast Cup Series January 20
Whistler Pride and Ski festival January 21 – January 28
Snowed In Comedy Tour – January 24
All events
Active Listings in Whistler + Pemberton
