Whitehorse Daily Star

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Land lotteries lure a record 780 applicants

Every single lot was spoken for in the Yukon government’s two land lotteries this week for lots in the Whistle Bend subdivision.

By Chuck Tobin on January 15, 2021

Every single lot was spoken for in the Yukon government’s two land lotteries this week for lots in the Whistle Bend subdivision.

They all went – 142 single-family lots, 20 townhouse lots and all 11 multi-family lots, three of which are priced at over $1 million.

There was a record high of 780 applicants for the lotteries.

Lottery winners had 24 hours after Tuesday’s and Wednesday’s lotteries to accept the offer.

They have 30 days – until Feb. 12 – to enter into an agreement for sale, at which time they would be required to put down their downpayment. That can vary for single-family lots from $22,000 to $38,000 or more, depending on the size.

The deposit on the largest and most expensive multi-family lot, which is priced at $1.5 million, is $371,400.

Winners of single-family lots have two years to have their homes clad to weather, and multi-family developers have three years.

Five one-hectare country residential lots in the Hidden Valley subdivision were all spoken for at a price of $250,000, requiring a deposit of $62,500 upon signing the agreement for sale.

Down payments are calculated based on 20 per cent of the property value plus the GST.

Mayor Dan Curtis said Thursday the record interest in the Whistle Bend lots is a reflection of a healthy economy, even in these times of COVID-19. It is a reflection of the constant growth Whitehorse is experiencing, he said.

The mayor pointed out when he was elected to his first term in office in 2012, there were just two houses built in the new subdivision.

Then there was 100, and the numbers just kept growing and growing, he said.

Curtis said the city is making efforts to increase housing opportunities elsewhere in the city but Whistle Bend is the anchor to handle the growth and will continue to be for years to come.

Whistle Bend and the revenue from additional property taxes was a factor in allowing city council to hold the increase on property taxes this year to 0.34 per cent, the lowest in more than 10 years, he said.

Curtis noted council has just approved an expansion of the original subdivision design into a 56-hectare area on the northwest corner of Whistle Bend. It will be large enough to provide for 825 housing units and 2,400 residents, he said.

Curtis suggested it will not be long before Whistle Bend overtakes Riverdale as the most populated subdivision in the city.

“It is a constant flow of more people coming here and wanting to live here,” he said. “I am just happy we can stay ahead of the game.”

Susan Antpoehler, the manager of client services for the government’s lands branch, said Thursday all available lots in the Whistle Bend subdivision have now been spoken for, with the exceptions of two commercial lots.

They expect to release phase six lots this fall, she said.

Most of the residential lots in Wednesday’s lottery are priced at $100,000 to $150,000, or slightly more.

The largest lots on Keno Way, holdovers from a previous lottery, are priced at $214,271 and $217,087, though they are the anomalies.

The largest lot measured out at 848 square metres or 9,124 square feet. The vast majority of residential lot sizes in Wednesday’s lottery are much smaller.

A more typical Keno Way lot measures out at 585 square metres or 6,294 square feet and is priced at $137,475, requiring a minimum deposit of $34,368 – 20 per cent of the property value, $27,495, and $6,873 in the GST.

The handful of smallest lots, measuring out at 383 square metres or 4,121 square feet, are priced at $90,005, and require a deposit of $22,501.

The lottery included several green streets lots, lots which front onto pedestrian-friendly green space instead of paved streets.

Several green street lots on Tanana and Iditarod lanes measure out at 448 square metres or 4,820 square feet, and are priced at $105,280.

The one duplex lot is priced at $171,142, or $85,517 a side.

The 20 townhouse lots were spoken for by 20 different companies in Tuesday’s lottery, as companies were only allowed one site.

The largest of the four townhouse lots to accommodate six-plexes measures out at 1,516 square metres, or 16,312 square feet. It’s priced at $409,320, requiring a minimum down payment of $102,330 upon signing of the agreement for sale.

The smallest of the two three-plex lots measures out at 733 square metres or 7,779 square feet. It’s priced at $195,210.

The nine four-flex lots range in price from $289,440 to $263,520.

The five, five-plex lots range in price from $359,910 to $328,320.

Prices for the 11 multi-family lots range from the high of $1.5 million for 12,380 square metres or 133,208 square feet to $276,000 for a lot measuring 2,300 square metres or 24,748 square feet.

Comments (17)

Up 2 Down 1

DA on Jan 21, 2021 at 10:16 am

Mr Facts,
Is Whistle Bend actually sinking? Is that a fact? If so, do you have a source? The first houses built nearly a decade ago seem to be doing fine...

Up 4 Down 1

drum on Jan 20, 2021 at 6:14 pm

Many people applied - got lots and handed them over to developers. Fraud.

Up 13 Down 1

Groucho d'North on Jan 19, 2021 at 7:31 am

@ stephen
Media reporters are not required to recieve a non-answer on government's land development policies. Call up your MLA and ask them why. We'll wait here for you to report back.

Up 8 Down 12

Patti Eyre on Jan 18, 2021 at 5:08 pm

Race war? Oh Josie Josie Josie, you remind me very much of Scarecrow.

Up 24 Down 3

martin on Jan 18, 2021 at 3:21 pm

@Bingo: There is not love lost between CoW and me, but in this case, it is YG. They are the Subdivisions Developers and land holders. YG has been trickling down land availability for decades under different excuses.
If YG would release land for private development, we would be in a much better situation.

Up 22 Down 5

stephen on Jan 18, 2021 at 3:20 pm

Someone want to tell me why the reporters can't ask the simplest question such as can you explain why you are not opening up land to reduce the costs for land? Prices should not be similar to down south in BC.

Why is the government artificially inflating the prices of land? (and if they say that's what the market will bear. simply say..... You mean it's what the developers and real estate people want you to charge?)

Up 35 Down 9

Mr Facts on Jan 18, 2021 at 11:00 am

People can blame the real estate developers all you want. The problem is people are paying these ridiculous prices, for in all honesty, nothing. Your MADE IN CHINA kit home made by some contractors from BC is not worth 1/2 million. You know things will be falling apart in a few years because those contractors are here to make a buck, then off on the next plane. Whistlebend is sinking. Are people really this stupid? These bankers are setting everyone up for another big take, like they have done sooooo many times in the past. It's coming folks. It's called the Great Reset, lmao.

Up 36 Down 2

Dave on Jan 18, 2021 at 10:20 am

The rest of the cities infrastructure is already unable to meet the demand of the existing Whistlebend residents. Cramming more and more people into the same streets and roads and overly congested small downtown core and calling it progress is not a solution for anything.

Up 21 Down 5

Anie on Jan 18, 2021 at 10:19 am

Crunch, in answer to your question about why citizens put up with what some call inflated land prices, think about this: if you bought land two years ago, and built a house, how would you feel about the government drastically reducing the price of the next set of lots they put on the market, thereby drastically reducing the value of your real estate? Probably not a happy camper. Not saying it's right or wrong, just the way it is.

Up 27 Down 2

Groucho d'North on Jan 18, 2021 at 9:38 am

This rush to buy land in Whistlebend is being promoted as something that the market really, really wants, but only because there is no other lots to choose from within the Whitehorse limits. When there is only one option available, prepare for a rush of applicants. What are the plans for new land when Whistlebend is at max capacity...anybody?

Up 15 Down 0

A bit of a change eh? on Jan 17, 2021 at 6:38 pm

This is a bit of change from back when Whistle Bend was first put out there for sale...

https://www.whitehorsestar.com/News/whistle-bend-lot-lottery-lures-no-takers

Up 34 Down 8

drum on Jan 16, 2021 at 4:27 pm

I agree - exaggerated demand. Real Estate and Developers are manipulating the Whitehorse housing market to their advantage.

Up 23 Down 7

Crunch on Jan 16, 2021 at 3:37 pm

Remember that this is the "positive change" under the current Mayor's watch. Read the comments made by OJW and real. This gong show is endorsed by your mayor and his administration. Why residents put up with this land inflation mockery is beyond me. Oh how I wish I was younger and and still in the game. Disgusting beyond words.

Up 32 Down 4

Bingo on Jan 15, 2021 at 7:38 pm

Records number of course...why would you gold mine when the gold is in the COW induced real estate.

Up 32 Down 5

Dick on Jan 15, 2021 at 4:45 pm

Good. Nice to see the investment. But I have to wonder if this just expands a bubble that is getting ready to burst. Covid and the financial implications of it going forward will have an impact on everything. I worry that the monies we receive from Ottawa will start to be scaled back. We do live beyond our means.

Up 50 Down 22

Josey Wales on Jan 15, 2021 at 3:07 pm

Releasing land held up for years...during a GOVERNMENT IMPOSED ECONOMIC effin' ruin?
Absolute proof this is about class warfare, race warfare and political opportunists.

Only those with really deep pockets can play this game of civic monopoly, speculators love it too.
What a shameful bunch these folks are, absolute class warfare.
..."Change my mind" LWC

Up 57 Down 14

real on Jan 15, 2021 at 3:02 pm

OMG mayor politicizing this . Typical liberal spin. Reality is contractors and public interested in lots put in multiple applications which resulted in exaggerated demand.

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