Hi Wilko,
I operate a chalet here in Fernie and agree with all the previous posts. True it can be a difficult venture to start and financially sustain, considering the length of the ski season, risising property prices and taxes, and all the other reasons Alba has pointed out. However there are also a lot of pluses to consider. The area and tourism are still growing, maybe not as fast as everyone expected but still growing. A few local accomodators have all said this has been the best summer ever(including some located on the hill). Fernie is still an affordable place to consider doing an operation such as you are planning, compared to any other resort in Europe, and many in Nth America and Canada. Property prices are still rising but not as crazy as a couple of years ago, it would still be a good time to get in. But one of the biggest pluses is the friendliness of the people here. Everyone that I have encountered since moving here has been incredibly friendly; even those who are my competitors. We reguarly will refer guests to each other if we are full and help each other out when possible.
In regard to your proposed location, from my experience people want ski in/out on the mountain. Although this may be harder during summer there are businesses on mountain that have commented that occupancy is increasing every year. Where I am located the majority of people live on the mountain year round which makes it a really nice friendly neighborhood.
If this is your dream then go for it, I cannot think of a better place to set up a business and live. Give me a shout when your here in Jan if you have any further questions, I would be happy to help.
Good Luck
