The Garibaldi at Squamish project, a significant ski resort development and the only new ski resort in BC to get conditional environmental approvals from the provincial government, recently saw its assets sold for $80 million following a court approval. The bid, involving one of the original investors, the Aquilini group, is indicative of their commitment to the project, despite previous financial challenges and unmet environmental conditions. According to news sources, environmental conditions must be met and construction commenced by no later than January of 2026. In my opinion, the Aquilini group’s continued involvement in this project suggests the project should proceed and may encompass more than just a ski resort, potentially including significant real estate development. This ongoing interest/commitment from a major player like the Aquilini group is a positive sign for investors, indicating Squamish’s potential as an emerging destination, much like Whistler, once the project is complete. Such developments could be pivotal for the medium to long-term growth and investment opportunities in the Squamish area.
The chart below shows the MLS Home Price Index prices for Squamish over the past three years for detached, townhouse and apartment. For more information about Squamish and its potential investment opportunities please contact me.
For more information about the Garibaldi at Squamish news, you can read the full articles here:
https://dailyhive.com/vancouver/garibaldi-at-squamish-sale-approved-80-million-bid
https://dailyhive.com/vancouver/garibaldi-at-squamish-receivership-developer-sell-assets