The following is a summary of ongoing costs that may apply to your Whistler real estate purchase:
Property Tax. A municipal tax that is due yearly and based on the assessed value of your property.
Strata Fees. If you own in a strata (apartment/condo/townhome) complex or are part of a bare land strata there may be monthly or yearly fees to be paid to the Strata Corporation for management fees. These include on going common area maintenance (roof repair and exterior painting) and insurance, contingency funding for future repair/replacement of exterior siding or roof, snow removal, landscaping and utilities (where applicable).
Tourism Whistler fees. If you own a Tourist Accommodation zoned property (Phase I or Phase II), you will be required to contribute an annual fee to Tourism Whistler who market and promote the resort to the world. The fee is based on the number of people the property can occupy. The smaller the unit, the less the TW fee. Please click here to see a 2013 Tourism Whistler fee schedule.
Home Insurance. Property owners should carry property insurance for single family homes and strata properties. While strata corporations carry insurance for common area property, it is the responsibility of the individual unit owner to carry insurance for the belongings in their respective unit.
Rental Management fees. If you own a Phase I nightly rental property you can choose to self manage or have a rental management company manage the property for you. Fees can vary from as little as $1200/yr to 43% of your gross income. Typically the higher the amount the less you have to do.
Utilities and Services. Hydro, gas, phone, internet and cable may be applicable costs borne by you.