While Phase 1 and Phase 2 properties come with general guidelines, there are always nuances and exceptions. That’s why partnering with a local real estate expert like #RealtorKyokoHamazaki is crucial to help you navigate the unique Whistler market.

### Whistler Phase 1 Properties

A Phase 1 property offers maximum flexibility for owners. You have the freedom to occupy the property year-round, whether for full-time living or occasional use. Additionally, you can rent the property out long-term or on a nightly basis, such as through platforms like Airbnb. Phase 1 properties are typically townhouses and some condos in popular areas like Whistler Village and the Benchlands. Keep in mind that the covenants may require the property to be available for rental when not owner-occupied, and the Strata may mandate using a specific rental management company.

Phase 1 Property Quick Facts:

- Unlimited owner use—live in the property full-time

- Rent it out monthly or nightly (e.g., Airbnb)

- Flexible rental opportunities

### Whistler Phase 2 Properties

Phase 2 properties come with more restrictions on personal use. Owners can only occupy the property for up to 28 days in both the summer and winter seasons. Any additional personal use beyond this must be booked in advance, and the property is required to be placed in the integrated rental pool for the rest of the time, managed by a designated rental company. Phase 2 properties are often part of hotel complexes, such as The Four Seasons, The Westin, and Pan Pacific Whistler.

These properties are considered commercial ventures, subject to commercial tax rates. Additionally, there may be variations in rental revenue based on whether the revenue is pooled for the entire property or kept separate for individual units, affecting the overall investment return.

Phase 2 Property Quick Facts:

- More restrictive than Phase 1

- Limited personal use (28 days in summer, 28 days in winter)

- Property must be available for commercial rental when not in use by the owner

Navigating the Whistler real estate market can be complex, especially when it comes to investment properties. A local knowledgeable realtor is sure to understand all of the newest information that can help you find the right property to match your needs and goals. Whether you’re looking for flexibility or seeking a more structured rental opportunity, we’ll guide you every step of the way. #kyoko_whistlerrealtor #InvestmentProperty #Phase1Phase2 #WhistlerInvestment 

Event Overview

- What: International adaptive sporting competition for wounded, injured, and sick service members and veterans.

- When: February 8–16, 2025.

- Where: Hosted in Vancouver and Whistler on the territories of the Four Host First Nations.

- Who: Up to 550 competitors from 25 nations, competing in 11 sports (6 of them winter sports introduced for the first time).

Mission

1. Deliver a world-class Games.

2. Support competitors and families in their recovery journey.

3. Advance reconciliation, inclusion, and environmental, social, and governance (ESG) goals.

Values

- Unconquered, Fun, Inspiration, Lifting Others, Excellence, Transformation.

Sports

- Winter: Alpine Skiing, Snowboarding, Biathlon, Cross-Country Skiing, Skeleton, and Wheelchair Curling.

- Others: Indoor Rowing, Sitting Volleyball, Swimming, Wheelchair Basketball, Wheelchair Rugby.

Venues

- Vancouver: BC Place, Rogers Arena, Vancouver Convention Centre, Hillcrest Centre, UBC Aquatics Centre.

- Whistler: Whistler Blackcomb, Whistler Olympic Park, Whistler Sliding Centre.

Funding and Partnerships

- Supported by the Government of Canada, BC Province, corporate sponsors like ATCO and Boeing, and others.

- Budget aims for balance and financial legacy.

Broadcast

- Bell Media will provide national live coverage of the opening and closing ceremonies on TSN and CTV.

Volunteers and Family

- Over 1,600 volunteers during the Games.

- Competitors can bring two family members or friends, emphasizing the shared recovery journey.

Sustainability and Legacy Goals

1. Introduce hybrid adaptive sports formats.

2. Provide year-round adaptive sports opportunities.

3. Focus on mental health support for families and friends.

This event marks a milestone for inclusion and innovation in adaptive sports while showcasing the beauty and spirit of Vancouver and Whistler.

The Underused Housing Tax (UHT) has sparked significant concerns among non-resident property owners in Whistler, Pemberton, and Squamish. Here's what you need to know:

• Who is impacted?

  • Non-residents are automatically classified as "affected owners," requiring them to file a return and pay 1% of the property’s assessed value unless an exemption applies.

  • Failing to file? Expect penalties of $5,000 or more.

• Unique Challenges in Whistler:

  • Overly punitive for resort communities dependent on tourism.

  • Exemption for only 28 days of personal use, compared to 6 months in other locations.

  • Confusion has led to increased sales by non-residents and challenges for tax service providers.

• Exemptions Available:

  • New Owners: If you acquired the property during the year and had not owned it in the prior nine years.

  • Death of an Owner: Legal representatives are exempt for the year of passing and the subsequent year.

• Occupancy Exemptions:
  To meet the qualifying occupancy test, the property must have tenants, be rented, or meet other criteria.

• Potential Changes:
  Tourism Whistler is lobbying to expand exemptions for properties zoned for tourism.

• Wondering if UHT affects you?
  Let’s connect to clarify your situation and explore the best strategy to protect your Whistler investment. If needed, I can refer you to a qualified accountant or tax professional to ensure you receive expert advice.

#UHT #UnderusedHousingTax #WhistlerRealtor #kyoko_whistlerrealtor #InvestInWhistler #WhistlerLuxuryLiving #TourismWhistler #CanadaTaxPolicy #NonResidentInvestors #ResortCommunityLiving #LuxuryHomes #RealEstateTaxTips #kyokohamazaki

*Disclosure: This content is for informational purposes only and should not be considered legal or tax advice. For specific guidance on UHT compliance, exemptions, or filing requirements, consult a qualified tax professional or legal advisor.