The ad I posted includes the financials for the unit.
Assuming that the FY ends on Dec 31, I got the following back-of-an-envelope numbers:
* FY14 net revenue for owner: $16,500
* FY15 net revenue (YTD): $17,304, extrapolate to $23,000 for the year
Minus $24,000 per year for maintenance fees, leaves you with a negative income stream. In some years a potentially large negative income stream. I honestly don't know why people buy into these sorts of hotel-apartment-quarter share ownership situations. Unless you see significant gains in value, or its in a highly desirable place and sees steady rental, it tends to be a losing proposition for the owner.
Instead of losing 2-8K per year on your investment, why not use that money to simply rent what you need, when you need it? You still spend the same money, but you don't worry about owning and maintaining another property.
Agreed I would not want to buy into these types of "timeshare properties" However there are different classes of properties in Whistler, so if you buy a phase 1 property the numbers are very different. Phase 2 Hotel style condos are money losing ventures for sure, but again Whistler has 3-4 different property classifications, including Phase 1 and 2 properties zoned for nightly rental, plus residential properties zoned for 30 day min rentals and other properties zoned for Whistler residents only.
If you are looking at Phase 1, such as Benchlands, this could be a good investment for the OP. Rentals have been very strong and increasing over the past year with the low loonie, which have also started to increase the prices, which have risen quite a bit off the lows of a few years ago. I self manage my Phase 1 condo and do have a positive cash flow, which is great. The problem is I don't get to use the condo as much as I would like. However, at some point I will do some renos and dial back the rentals. You can always block off the dates you want to use the condo and fill in the gaps around your usage. The rentals do take a toll on the condo and you can't really have "nice" stuff in the condo, but it beats a hotel, and you do have a lock-off to hold skiis and other stuff.
Also Whistler is very strong for rentals in the summer and decent in the off-season as well. Whistler is a year-round resort, which is much better than other ski resorts in the interior. If your primary goal is to have a recreational property, which you can cover most, or maybe all of the costs, this is a good bet. Also a decent chance to make some capital gains, probably not a huge gain, but at this stage still room to move up.
There is some work in the self management, but if you set it up correctly its very manageable. Mostly responding to inquiries, arranging cleaning and logistics...fending off friends who want to use your condo, and small maintenance items and some problem solving when things go off the rails with the odd guest.
If you buy in Whistler, you don't ever have to worry about trying to book a place and you will be in Whistler a lot more than you ever would be, if you didn't buy. Sounds like a great way to spend quality time on the slopes with your family...and in the summer hanging at the beach, biking, hiking, strolling, etc, etc.