there's cheap places in whistler. i mean christ, you can BUY a condo at the holiday inn for less than 135k. Of course the holiday in is on the phase II program so you only get it 28 days in the winter, and 28 days in the summer, but you can get a place up there for a reasonable rent, you just gotta be willing to live outside the village..
if i were you I'd look in:
also there's a hostel near Garibaldi park, about 5 minutes from the village.
well yeah i mean, if you're not in a financial situation to buy a place, and dont have money to put down, then its not really an option.
But if you're looking to buy a place, that's hella cheap. comes to about 615.00 a month mortgage payment.
Theres some fees to pay also, for the service that the holiday inn provides, but, they rent out your condo for you when you're not there, and they just take a 40% split, so you get 60%...which should either cover your mortgage, or allow you a monthly profit.
Not to mention the olympic games will most likely increase property values up there, what with international recognition and the improvements (sea to sky especially) they're putting in. So you'd probably gain quite a bit of equity.
And, if you arranged so that your 28 days during the winter included the 2010 olympic games, you could either go to the olympics, or rent it out privately for probably 1k a night.
just my 2 cents cause im getting a condo up there next year.