House prices in Whistler rising much faster than Vancouver in 2025

Jan 22 2025, 6:42 pm

House prices in some of BC’s most popular ski communities are increasing at higher rates than in Vancouver.

According to a new report from Royal LePage, the hot recreational property market is expected to continue this year, with single-family detached homes in popular winter recreational destinations jumping by an average of 8.5%.

whistler skih ome

Whistler Real Estate Company Limited

“Though lowered interest rates have given consumers greater confidence on the trajectory of the real estate market overall, many buyers remain on hold temporarily, looking ahead to additional rate cuts,” said Frank Ingham, associate broker with Royal LePage Sussex, in a release. “As the bottom of the market appears, many will look to get ahead of a potential surge in prices in the spring.”

In Whistler, about two hours north of Vancouver, the average single-family detached home will increase by 9% year-over-year to $3.89 million.

By comparison, the median price of a single-family detached house within the jurisdiction of Greater Vancouver Realtors (formerly known as the Real Estate Board of Vancouver) will rise by 2% to $1.77 million.

snow

Shutterstock

House prices in other BC ski communities are also expected to see increases this year, according to Royal LePage, including a 10% jump in Invermere, a 5% rise in Revelstoke, Sun Peaks, and Big White, and a 2% increase in Mount Washington.

Closer to home, real estate experts say that all signs point to a major resurgence in Metro Vancouver’s housing market.

This is being propelled by pent-up demand, with prospective homebuyers holding back for much of the past three years amid highly unfavourable borrowing costs.

vancouver home income

EB Adventure Photography/Shutterstock

“Looking ahead to 2025, price gains in the condo and townhome segments are expected to outpace those of single-family detached homes, given the relative affordability of these property types,” said Randy Ryalls, managing broker of Royal LePage Sterling Realty, in a recent statement.

“Inventory is already thinning out. I anticipate that demand will outstrip available supply next year, as improved lending conditions draw more and more sidelined buyers back to the market.”

Are you having difficulty finding an affordable place to live? Were you considering a move to Whistler but now holding off? Let us know in the comments or contact us to share your story.

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