Global TV News - Whistler Condo Prices?

Yesterday, Anne Drewa from Global TV BC came to Whistler to do an article on the current value of condos.  (CTV was here two weeks ago doing the same - see my previous post.) Anne interviewed me and Dean Linnell to get the real facts on the Whistler condo market. In my opinion the coverage was well done.  The Whistler condo market can be confusing due to the TYPES of condos. In the Village area there are two types of condos that create two Micro-Markets;  Hotel-Condos and Unrestricted-Condos. The facts are clear... Hotel-Condo units (i.e. a condo that is operated as a Hotel, lots of restrictions, owners have little control and are basically silent investors) have dropped in value 50% to 60% since 2003. Unrestricted condos (i.e. a normal regular piece of real estate,  I call it ..."REAL" real estate, have dropped 20% to 30% since the last peak in mid-2008.  The source data is the Whistler Listing System (WLS). Check out the coverage:  http://globalnews.ca/video/490640/whistler-condo-prices-plummet