Buying a Vacation Home in Fernie

If you’ve fallen in love with Fernie’s mountain charm, it’s no surprise you’re thinking about buying a vacation home here. With world-class skiing, mountain biking, hiking, and a tight-knit community vibe, Fernie is one of British Columbia’s best-kept secrets. Whether you're looking for a personal getaway, a family retreat, or a short-term rental investment, buying property in Fernie can be both a lifestyle and financial win—if you know what to expect.

Here’s what to consider if you’re thinking about buying a vacation property in Fernie in 2025.

1. Understanding the Fernie Real Estate Market

The Fernie real estate market has always been unique. It's shaped by seasonal tourism, a growing community of remote workers and retirees, and strong interest from Albertans looking for a weekend escape.

Inventory tends to be tighter here than in major centers, especially for properties that are walking distance to the ski hill or historic downtown. Prices reflect Fernie's appeal, particularly for ski-in/ski-out units, newer builds, or homes with income potential.

Right now, single-family homes, townhouses, and condo units near Fernie Alpine Resort or in downtown remain in high demand. If you’re hoping to offset costs with rental income, it’s worth discussing which properties offer the best return potential based on location and zoning.

2. Can You Rent Out Your Fernie Vacation Home?

If you’re planning to use your vacation home as a short-term rental (STR) when you’re not there, pay close attention to local bylaws and zoning.

In 2024, the province of BC introduced legislation aimed at regulating short-term rentals, with many local governments tightening restrictions. In Fernie, STR rules vary by neighborhood, and some developments or strata properties prohibit them altogether.

Fernie is also part of the Regional District of East Kootenay (RDEK) in some areas, which has its own licensing system. If your property falls within RDEK boundaries, you'll need to apply for a short-term rental license—processing times can be lengthy, so plan ahead.

Before buying, talk to your real estate agent about:

• Whether STRs are permitted in the property's zoning

• If there’s a business license or RDEK approval already in place

• Any strata bylaws that might limit rentals

3. Choosing the Right Area in Fernie

Your ideal Fernie property depends on how you plan to use it.

• Ski-in/Ski-out (Near Fernie Alpine Resort): Great for winter lovers and rental potential. Properties here tend to be more expensive, but they're also in high demand for tourists.

• Downtown Fernie: Offers walkability, charm, and year-round appeal. Close to shops, cafes, and events, downtown is ideal for people who want more than just ski season.

• Montane or Ridgemont: These neighborhoods are popular with full-time residents and second-home owners alike. They offer access to trails, great views, and newer homes.

• The Cedars and Alpine Trails: Good options for families or buyers looking for modern builds and a bit more space.

If rental income is your goal, proximity to amenities and transit (like the ski shuttle) can make a big difference in occupancy rates.

4. Financing a Second Home

Buying a vacation home isn’t quite the same as buying your primary residence. Lenders may require a larger down payment—often 20–35%—especially if the property is not considered "owner-occupied."

You’ll also want to speak to a mortgage broker or your bank about how STR income might factor into your approval. Some lenders are now considering rental income when qualifying buyers for vacation homes, but documentation and proof of use may be required.

Keep in mind:

• Strata fees (for condos/townhomes)

• Property management costs

• Home insurance (check if your provider covers short-term rental use)

• Property taxes, which can differ for second homes

5. Work With a Local Real Estate Agent

The best way to navigate Fernie’s real estate market is with a local expert who knows the nuances of zoning, rental regulations, and the neighborhoods. An experienced agent can help you find hidden gems, flag potential issues with strata or licensing, and connect you with local trades or property managers.

Fernie real estate can move quickly, especially ahead of peak seasons—having someone local to keep you informed is invaluable.

Final Thoughts

Owning a vacation home in Fernie is about more than just real estate—it’s about lifestyle. From powder days at Fernie Alpine Resort to summer evenings downtown, it’s a place that feels like a true escape. And with the right strategy, it can also be a smart investment.

If you’re curious about current listings, short-term rental opportunities, or just want to chat about life in Fernie, I’m happy to help. Whether you’re buying for pleasure or profit, Fernie is the kind of place that keeps calling you back.