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MARKET UPDATE Q1 2026

Whistler
While the first quarter of 2026 showed some improvement over the fourth quarter of 2025, it was weaker than the sales activity seen in Q1 2025. Listing levels compared to the same time last year were mixed, with slight increases in townhomes and condos, while chalet and shared ownership inventory saw marginal declines. A closer comparison between Q1 2025 and 2026 suggests that uncertainty surrounding global economic and political conditions may be impacting buyer confidence. With the exception of the townhome segment, all other market segments experienced a decline in sales volume. Chalet, condo, and shared ownership sales decreased between 13% and 19%, while townhomes stood out with a 26% increase in sales activity. Total sales for the quarter reached 115 transactions. With a relatively small data set, it remains difficult to draw firm conclusions on overall market direction and buyer sentiment.

Pemberton
With a milder winter and potentially reduced winter travel due to broader political uncertainty, the Pemberton real estate market is seeing an early start to the spring buying and selling season. Listing levels increased for single-family homes and condos, while townhomes continue to be an elusive commodity and vacant land inventory remains virtually unchanged. Ongoing supply constraints—particularly in the single-family and townhome segments—persist, with no significant new construction on the immediate horizon. Condo inventory has increased modestly, with eight active listings compared to four in Q1 2025, while vacant land supply remains steady. Single-family home sales increased by 167% year-over-year; however, this represents eight sales compared to three during the same period last year. While modest in volume, this is an encouraging signal for the months ahead. Townhome sales declined, largely due to limited inventory, while condo sales remained consistent and vacant land saw one additional sale. Notably, there have been five vacant land sales over the past six months, indicating growing confidence in future development.

MARKET UPDATE – 2025 YEAR END REPORT

Whistler

When looking at the year in totality, sales data shows that unit sales were down slightly, and total dollar volume declined marginally when compared to 2024. This market decline was almost exclusively concentrated in the condominium segment. Condo unit sales were down 17% year over year, while dollar volume decreased by 12%. These declines were partially offset by gains in other property types. Chalet sales increased by 7% in unit sales and 11% in dollar volume, while townhouse sales rose by 15% in units and 9% in dollar volume. Overall, the market was down 6% in total units sold, but only 1% in dollar volume, reflecting the higher price points of chalets and townhouses. Total listing volume was also down from 2024. However, of the new listings that entered the market, 53% sold within the year. If condos and vacant land are excluded, that figure rises to over 60%, indicating that buyers were actively engaged when the right product was available.

Looking ahead in Whistler, the chalet and townhouse markets showed recovery this year, with sales increasing and average prices remaining steady. We anticipate these segments will continue to remain stable, while the condo market is expected to see a rebound as we move into 2026.

Pemberton

When breaking down sales and dollar volume in Pemberton, the relatively small size of the market can make data analysis particularly nuanced. Total sales volume declined across all major housing types, with the exception of townhomes, which maintained consistent levels in both unit sales and dollar volume. Chalet sales were down 8% in terms of units sold but were up slightly by 1% in dollar volume. Notably, chalets with acreage recorded the most expensive sale ever for this housing type which had an outsized effect on median price. Townhome sales remained unchanged year over year, with the exact same number of transactions and consistent dollar volume. Condominium sales were sluggish, with both unit sales and dollar volume declining year over year. A total of 195 new properties entered the market during the year, closely mirroring 2024, which saw 194 new listings.

Interest rates, broader economic conditions, and buyer confidence will be key factors influencing the market as we move through 2026. Economists are suggesting that the Bank of Canada will hold interest rates at their current levels at least through the first half of the year. This may signal to buyers who have taken a wait-and-see approach that now could be an opportune time to move forward, particularly as home prices remain stable. In the United States, interest rate reductions may occur, as the Federal Reserve faces increasing pressure to begin easing rates. This could strengthen the Canadian dollar and act as a catalyst for U.S. and foreign buyers who are not subject to the Canadian government’s foreign buyer ban in Whistler and Pemberton. For these buyers, current conditions may present an opportunity to secure greater value for their dollar.

MARKET UPDATE – OCTOBER

Whistler

The market momentum from September carried into October, with 43* sales recorded during the month, making it the third-busiest month of 2025, following September and May. The single-family home market saw a welcome boost with nine sales, the highest number so far this year. Condo sales, however, continued to lag, with activity down 50% compared to last October. Overall market inventory dropped abruptly, now sitting 10% lower than in September at 288 units. Condos were the only category with more listings than this time last year, up 18% year-over-year. Pricing trends varied across property types. Single-family homes saw a modest 4% price dip from September, while townhome prices jumped 50%, and condo prices climbed 72%— largely due to a shift toward more Phase 1 sales compared to Phase 2 units. Homes are moving, especially when priced right.

Single-family homes sold in a median of 29 days (41% faster than last year), while townhomes averaged 71 days on market, and condos took about 43 days to sell. Overall, the Whistler market remains balanced, with well-priced listings continuing to attract buyers.

Pemberton

The slower fall market continued with four sales in October -three single-family homes and one duplex. Among these was the highest residential sale ever recorded in Pemberton, featuring a custom home situated on 32 acres, just minutes from town. Current inventory sits at 76* units, or 53* when excluding vacant land, down slightly from September but 43% higher than levels seen back in January. Single-family spent a median of 83 days on the market, up from 52 in September, but well below the 128-day median recorded last October. The Pemberton market continues to lean in favour of buyers, offering some great opportunities heading into Winter.

From an economic perspective, both Canada and the United States implemented interest rate cuts in October.

The Bank of Canada indicated that this fourth cut of the year will likely be the last, suggesting the current cycle of monetary easing is coming to an end. This could help bring more economic stability, encouraging buyers and sellers who have been waiting on the sidelines to re-enter the market. Meanwhile, Prime Minister Mark Carney has presented his first federal budget, which promises “generational investments” and aims to reduce Canada’s reliance on the US Notably, the budget also includes a proposal that, if passed, will eliminate the Underused Housing Tax (UHT) for 2025 and beyond. With ongoing US tensions, we anticipate that more Canadians and foreign buyers will invest in Canadian vacation properties, and Whistler and Pemberton are well-positioned to attract those buyers.

MARKET UPDATE – SEPTEMBER

Whistler

Sales activity in Whistler remained slow over the summer, with a total of 106* transactions recorded in Q3. This represents a 9% drop from Q2 and a modest 3% decline compared to the same quarter last year. Despite the slower pace, prices held stable across property types, including single-family homes, townhomes, and condos, when compared year over year. Overall inventory remained fairly consistent throughout the quarter and currently sits at 320* units, about 4% lower than this time last year. Despite total inventory across all product types remaining relatively consistent, there were different and notable trends within specific product categories – townhome inventory has declined by 22% year over year, while condo inventory is up 32% from last year. Within the condo market, Phase 2 (hotel-style) properties have seen inventory levels nearly double compared to last year, while Phase 1 (nightly rental) units have experienced a 20% increase. In terms of buyer origin, year-to-date data shows 86% of buyers are from B.C., slightly higher than the historical average in the low 80s, with an additional 8% of buyers coming from the U.S. The luxury segment remains active, with nine sales over $4 million in Q3. Of those, four sold for more than $5 million, including a top sale of $12.65 million. Overall, Q3 market conditions in Whistler were relatively balanced.

Pemberton

The Pemberton market experienced a slowdown in Q3. July recorded the highest monthly sales volume of the year so far, followed by an average August and a notably quiet September, which marked the lowest monthly total in 2025 to date. The quarter ended with 26* total sales, slightly ahead of Q2 but down three transactions compared to Q3 2024. Current market inventory sits at 82* units, or 57* units when excluding vacant land. This is the highest inventory level seen since September of last year. Median sale prices softened slightly across all categories. Single-family homes were down 12%, townhomes 4%, and condos 14% year over year. Despite this, the luxury market remained active, with a top sale in the quarter of $2.45 million, marking the fourth property to sell over $2 million in Pemberton this year. Buyer origin remains consistent with past trends. Approximately 82% of buyers are from Pemberton, Whistler, or Squamish, with 7% from Vancouver and nearly 6% from other Canadian or international locations. At present, the Pemberton market is leaning in favor of buyers.

MARKET UPDATE – AUGUST

Whistler

August was a relatively quiet month for real estate activity in Whistler, following suit with the slower pace we saw in July. There were 31* sales, which is about 7% fewer than in both August 2024 and August 2023. We saw more single-family home sales, fewer townhome sales, and steady condo activity when compared to last month. Interestingly, even though August had the second-lowest number of new listings hit the market this year, the total number of active listings still increased to 324* by the end of the month. That’s 3% higher than last month, but still 5% lower than inventory levels this time last year. When we look at how long sold properties were on the market, single-family homes took a median of 119 days to sell, which is 5 days longer than last month. Townhomes sold 3 days faster than in July, in a median of 56 days. Condos took 65 days, which is a slight increase from last month. Overall, the Whistler market is presenting notable opportunity to buyers. That said, sellers who are pricing their properties right are still seeing good interest and results.

Pemberton 

There were 8* sales in Pemberton in August – that’s down from the 2025 high of 13* sales in July, and about 20% below the five-year average for August. Inventory increased from July to 76* units, however this is a 13% decrease in available inventory from August of last year. If we take vacant land out of the equation, that number drops to 52 listings*, which shows that the market is still fairly tight in terms of available homes. Median sale price for single-family homes was up 14% compared to last month and down only 1% compared to August of last year, while townhome sale prices are down 4% versus last month and 8% when compared to last year. Properties continue to take longer to sell, with the median days on market for single family at 117 days and 39 days for townhomes. With the exception of vacant land, the Pemberton market is relatively balanced.

MARKET UPDATE – JULY 2025

Whistler

As is typical for July, sales activity in Whistler slowed as both buyers and agents took time to enjoy the summer season. There were 31* sales in Whistler last month, representing a 9% decline year-over-year and 35% below the five-year average for July. While much of Metro Vancouver has seen rising inventory-up nearly 20% overall compared to July 2024-Whistler is moving in the opposite direction. Total inventory dropped to 315* active listings, a 9% decrease from the same time last year. The sales-to-active listings ratio indicates a buyer’s market in both the single-family and condo segments, while the townhome segment remains balanced. The median sale price for single-family homes increased year-over-year, lifted by activity in the luxury segment. However, days on market rose significantly for single-family homes when compared to last month, now at a median of 104 days. By contrast, townhomes and condos sold faster, with median days on market at 57 and 33 days, respectively.

Pemberton

Pemberton saw a notable uptick in activity, with 13* sales in July-the highest monthly sales volume since October 2024. This was largely driven by a series of successful “subject-to-sale” transactions aligning within the month. Sales were also 9% above the five-year July average. Active listings in Pemberton declined to 70* units, which is 20% lower than July 2024, further tightening the market. As for selling times, single-family homes took longer to sell with a median of 139 days on market, while condos averaged 65 days. Townhomes, however, sold relatively quickly at 38 days, suggesting more immediate demand in that segment. Overall, the Pemberton market remains balanced.

Q2 2025 Whistler + Pemberton Market Report

Whistler

The Whistler real estate market continued its slower pace into the second quarter of 2025, with 111* total sales, marking a slight decline from Q1 and approximately 20% fewer sales year-to-date compared to mid-2024. May emerged as the busiest month of the year thus far, accounting for over 40% of the quarter’s activity. The luxury segment (sales over $4M) remained active, with 8 of the 17 year-to-date luxury sales occurring in Q2. There were 53% more townhome sales and 60% fewer condo sales than in the same period last year. Overall, the median sale price for the market in May and June was at its highest since July 2024. However, properties took longer to sell across all categories compared to the same period last year. Single-family homes had a median of 87 days on market, up 60%, while condos and townhomes doubled their median days to sell, reaching 49 and 59 days, respectively. Inventory levels remained relatively stable, with an average of 337 active listings* throughout the quarter—a slight decrease from the same period last year. Year-to-date buyer origin remained consistent with historical trends. 67% of purchasers were from Whistler, Vancouver, or the North Shore, with another 18% from the rest of BC. International buyers made up 12% of the market, three-quarters of whom were from the U.S. 

Pemberton

Pemberton maintained steady momentum in Q2, posting 25*sales, up from 20* in Q1, though down from 32* in Q2 2024. Overall, year-to-date sales are 12% behind last year’s pace at this point. Of note in Q2 was the increase in single-family home sales, rising to 10 from just 2 in Q1—likely reflecting improved buyer confidence following some stability in interest rates. Median sale prices were also up year-over-year for single family homes (+31%), townhomes (+5%) and condos (+12%). The luxury segment saw renewed activity late in the quarter, with all three of Pemberton’s $2M+ sales for the year occurring in May and June. Inventory climbed 20% throughout the quarter, ending with 73* active listings, or 57* when excluding vacant land. This marks the highest inventory level seen in a year, providing more options for buyers moving into the second half of 2025. Time on market showed mixed results, as single-family homes sold faster, with a median of 33 days on market, lower versus both last quarter and last year, while condos and townhomes took longer to sell, year-over-year. Buyer origin has remained typical for the region so far this year, with 70% of purchasers from Whistler or Pemberton, 26% from elsewhere in BC, and 4% from outside the province, including 2% international buyers. 

MARKET UPDATE – APRIL 2025

Whistler
April marked the second consecutive month of declining home sales in Whistler, with 29* transactions recorded. This represents a decrease of 57% compared to April 2024, with the decline driven almost entirely by the condominium segment. Sales of single-family homes and townhomes remained in-line with last year’s levels. Inventory levels rose in April, with 74 new listings hitting the market, bringing total active listings to 334-the highest since August. This figure is 21% above the 10-year average for April, offering buyers a broader selection of properties. Price trends varied across property types. The median sale price for single-family homes increased both month-over-month and year-over-year. Townhome prices declined, while condo prices remained stable despite the drop in sales volume. Median days on market also rose across all categories, reaching 141 days for single-family homes, 61 days for townhomes, and 43 days for condos. Current sales-to-listing ratios indicate a balanced market for townhomes, while the single-family and condo segments are leaning toward buyer-favorable conditions.

Pemberton
In Pemberton, there were six sales in April – comprised of one chalet, three townhomes, one duplex, and one vacant land sale. This activity is consistent with monthly trends observed so far this year, but remains 54% below the five-year April average. Twelve new listings came to market, while overall inventory remained steady at 61* total units, or 40* when excluding vacant land. The median sale price reached $975,000—the highest this year – suggesting that buyers may be regaining confidence amid growing expectations of stability in lending rates. The Pemberton market overall is balanced, with single-family homes favouring buyers and the townhome segment currently favouring sellers.

Q1 2025 Whistler + Pemberton Market Report

Whistler

The Whistler market is off to a slower start this year, with 106* sales in the quarter, down 23% from the 130* sales in Q1 last year. Despite slower sales, there was an uptick in the number of single-family homes sold in Q1 vs Q4 of last year. Inventory continued to rise through the quarter, with a total of 241* listings coming to the market. Overall inventory currently sits at 326* units, up 21% from the end of 2024 and 12% from the same time last year. The median sale price was up vs Q4 across the single family, townhome and condo categories. Median days on market for both townhomes and condos increased from Q1 of last year and decreased from Q4, to 37 and 31 days respectively. Days on market for single family homes was 122, which is on par with Q1 2024 and up from last quarter. Overall, the Whistler market is currently leaning in favour of buyers.

Pemberton

The Pemberton market so far this year has kept pace with 2024 sales, recording 20 sales in Q1. There was a notable decrease in single family home sales and a notable increase in townhome sales when compared to both last quarter and Q1 of last year. Inventory increased slightly throughout the quarter, with 62* units currently on the market and 41* when excluding vacant land. Overall inventory levels are down 15% from the same time last year and up 15% from the end of 2024. The median price point across all categories remained relatively stable compared to the same quarter of last year. Inventory sat on the market slightly longer in Q1 vs last quarter with days to sell increasing for single family homes, townhomes and condos. Overall, the Pemberton market is also leaning in favour of buyers, although inventory does remain a constant constraint.

From an overall market standpoint, we are experiencing both potential sellers and buyers “waiting and seeing” with the ever-evolving US tariffs, resulting market volatility and the Canadian Federal election at the end of the month. There have been policies proposed by parties as part of their platforms that could have significant impact on our real estate markets. So far we haven’t seen a typical start to the spring market, but we anticipate we will see an increase in activity later this spring after we have some more certainty on the political front. Despite the spring market delay, we are seeing well-priced quality product receive multiple offers and move quickly. Encourage your seller clients to think strategically about pricing their property and put their best foot forward in terms of pricing and your buyers to act while they have more choice. We anticipate the market will heat up come May as buying conditions, including inventory and mortgage rates, are the best we have seen in years.

*excluding parking stalls

MARKET UPDATE – 2024 YEAR END REPORT

In Whistler, there were a total of 505* sales in 2024, which is a 2% increase in sales from 2023, but remains 29% below the 5-year sales average. Total sales dollar volume in the Whistler market was $826M, which despite the slight increase in sales from last year, is the lowest dollar volume we have seen since 2019 and 14% below the 10-year average. Prices remained fairly consistent across all product categories when compared to 2023. Regarding inventory, we saw a steady decline of available listings through the back half of the year, with a total of 952 new listings coming to market in 2024, the third-fewest in the last 10 years. The median number of days for a single-family property to sell in 2024 was 57, an increase from 43 days in 2023. Days on market remained consistent with 2023 for townhouses, condos, and land at 28, 30 and 95 days, respectively. The luxury segment of the market stayed steady in 2024 with 27 sales over $5M, including a new sales price record for a condo sale. As Whistler is excluded from Canada’s foreign buyer ban, international buyers continued to purchase properties in 2024, accounting for approximately 13% of property purchases in the Whistler market last year, with US buyers specifically accounting for 7%.

There were 108* sales in Pemberton in 2024, up 6% from the number of sales in 2023. The consecutive interest rate decreases the Bank of Canada delivered throughout 2024 helped fuel both sales and increased borrowing power leading to a median sales price of $870,000, a record high for Pemberton. Luxury sales remained on par with last year with 7 sales over the $2M threshold. Regarding inventory, there were 193* units brought to market this year, inclusive of 39 parcels of vacant land. When compared to 2023, the median days to sell for a property in Pemberton increased for single-family to 53 days and townhomes to 39 days but decreased for both condos to 27 days and vacant land to 86 days. Buyer’s origin for Pemberton was fairly typical with 39% of purchasers coming from within Pemberton, 35% from Whistler, 17% from the Lower Mainland.


The Whistler and Pemberton markets remain exempt from Canada’s Foreign Buyer Ban as well as the Foreign Buyer Tax. However, as it currently stands, residential properties in Whistler and Pemberton may be subject to the Underused Housing Tax and we suggest that you talk to your accountant to see what this means for your particular property and situation. As of January 1, 2025, the BC Government has introduced a home flipping tax (separate from the federal flipping rules) which applies to the net taxable income from the sale of a property owned for less than 730 days. This tax ranges, starting at 20% if the property is sold within the first 365 days of ownership, and decreases throughout the next 365 days, reaching 0% at the 730-day mark.

Looking to 2025, we expect to see increased sales volumes in both the Whistler and Pemberton markets that trend closer to historical averages, as mortgage rates are expected to continue to trend downward and policy changes such as the CMHC insured mortgage price limit increase improve the buying power of consumers. We anticipate the
favourable currency exchange rates will lead to an increase in tourism in the Sea-to-Sky region and, in turn, an
increase in purchasers from the US and other countries this coming year as our region is a very desirable second home market. With a Canadian election coming later this year and a leadership change south of the border as well, we anticipate there will be a variety of policy changes that impact our real estate markets. We are cautiously optimistic that we will see some housing and tax policy changes that will make purchasing or selling a property in Whistler or Pemberton even more attractive.