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Homes for Sale in Abbotsford BC

Whether you are a young family searching for townhouses or Abbotsford homes for sale, or you are a recent University of the Fraser Valley Graduate looking for 2-bedroom condos in Abbotsford, in order to get started in the Abbotsford Real Estate Market, call or text the Taylor Team at 1-778-316-4290. Abbotsford BC Real Estate is great place to start and our Sutton real estate agents are here to help. Matsqui, Bradner and Sumas Mountain areas of Abbotsford, British Columbia all hold some of the most amazing views of Mount Baker, the Fraser Valley and the Pacific Coast Mountains, making Abbotsford very high in demand. Abbotsford MLS listings show this area as being very active and a good investment for your future.

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For sale
$824,700
6 2530 JANZEN STREET, abbotsford, British Columbia

6 2530 Janzen Street

Abbotsford, British Columbia

A RARE FIND! CORNER UNIT Townhome with REC ROOM w/ separate entrance! This 3 Storey Home is over 1750 with 3 beds/ 4 baths. Main floor has a bright living room, spacious kitchen, dining, nook, half bathroom & a sunny sundeck to relax. Top floor has 3 beds/2 baths w/ an en suite in the master. Basement has a rec room with half bath & a separate entrance. Other features- quartz countertops throughout, good size sundeck, stainless steel appliances, affordable strata fee, friendly neighborhood & much more. Close to schools, shopping, recreation, parks, malls, restaurants, Cineplex, & easy access to hwy. (id:48205)

3 Bedroom 4 Bathroom 1760
For sale
$819,900
58 30530 CARDINAL AVENUE, abbotsford, British Columbia

58 30530 Cardinal Avenue

Abbotsford, British Columbia

Highstreet Village is a 12-acre master planned community located directly across from Highstreet Shopping Centre including 600,000 SQ/FT of retail, restaurants, VIP Movie theatre& more. Comprised of 131 townhomes and 9 condominium buildings, amenities include a lounge, kitchen & virtual zoom rooms. The development has several schools nearby, located closely off Highway 1, a 6-minute drive to Abbotsford International Airport, 15 minutes from US Border and 10 min drive to downtown Abbotsford. (id:48205)

3 Bedroom 3 Bathroom 1429
For sale
$809,900
1 36099 WATERLEAF PLACE, abbotsford, British Columbia

1 36099 Waterleaf Place

Abbotsford, British Columbia

Fabulous 3 bedroom townhouse in absolutely amazing condition. Wide open floor plan perfect for entertaining and casual family living. The kitchen is well laid out with center island and has quality appliances. Front deck off the large master bedroom with Mt Baker view, 3 washrooms, oversized garage, and large driveway for SUV. East Abbotsford's best location. A short walking distance to 3 shopping centers and 1/2 block to HWY 1 at Whatcom Road. (id:48205)

3 Bedroom 3 Bathroom 1516
For sale
$800,000
1401 2180 GLADWIN ROAD, abbotsford, British Columbia

1401 2180 Gladwin Road

Abbotsford, British Columbia

Discover luxury living at Mahogany at Mill Lake, Abbotsford, BC! This stunning 26-storey tower offers unparalleled views of sunsets, mountains, and serene Mill Lake. Enjoy geo-thermal heating & cooling in this spacious 902 sq ft, 2-bedroom home with open concept living, gas fireplace, kitchen with shaker style cabinets, quartz countertops, and stainless-steel appliances. Indulge in resort-style amenities including indoor pool, hot tub, fitness center, club room, bistro, workshop, outdoor BBQ, and two guest suites. Prime location just one block from Abbotsford Regional Hospital and across from Mill Lake Park. Don't miss this opportunity, complete with two secure parking stalls. Experience modern living at Abbotsford's finest address! (id:48205)

2 Bedroom 2 Bathroom 902
For sale Open House
$799,900
144 30930 WESTRIDGE PLACE, abbotsford, British Columbia

144 30930 Westridge Place

Abbotsford, British Columbia

SIDE-BY-SIDE GARAGE. LARGE ENCLOSED YARD OFF THE MAIN. Don't miss out on this 1,330 square foot, 3 bedroom, 2.5 bathroom corner home at Bristol Heights by Polygon. This home features a spacious, centrally located kitchen that overlooks the living and dining area, a spa-inspired ensuite and a side-by-side garage with room for storage. The best part about this home is you have a large enclosed yard and private patio directly off your kitchen and living space.Open House Saturday & Sunday 12pm to 3pm (id:48205)

3 Bedroom 3 Bathroom 1330
For sale
$799,000
9 31235 UPPER MACLURE ROAD, abbotsford, British Columbia

9 31235 Upper Maclure Road

Abbotsford, British Columbia

Don't miss your chance to own one of these exquisite 4 bedroom, 3 bath townhouses with private yard in West Abbotsford. Whether you're searching for your dream home or an investment opportunity, these residences offer the perfect combination of lovely, comfort, and convenience. Schedule a viewing today and discover the unparalleled beauty and elegance of West Abbotsford living. (id:48205)

4 Bedroom 3 Bathroom 1550
For sale
$799,000
52 1502 MCCALLUM ROAD, abbotsford, British Columbia

52 1502 Mccallum Road

Abbotsford, British Columbia

Welcome to the epitome of modern living in the heart of the vibrant Cinema District development! This stunning 2021-built Corner unit offers a perfect blend of style and convenience. Boasting 3 bedrooms, 3 bathrooms, and a rooftop patio, it's an entertainer's dream. Enjoy the panoramic views of MountBaker from the rooftop patio. The sleek white countertops in the kitchen create an elegant space, complemented by the comfort of air conditioning throughout. With a double garage for parking and easy access to Hwy 1, commuting is a breeze. Additionally, the complex features a playground, perfect for families or those seeking a dynamic community atmosphere. This home offers the best in contemporary living coupled with an unbeatable location! (id:48205)

3 Bedroom 3 Bathroom 1431
For sale
$799,000
5 1968 NORTH PARALLEL ROAD, abbotsford, British Columbia

5 1968 North Parallel Road

Abbotsford, British Columbia

Welcome to Parallel North Townhomes by Diverse Properties. This 3-bedroom, 3-bathroom home offers 1426 sq ft of living space with a wide layout and peaceful views of the greenbelt. The open-concept main floor features a cozy fireplace, gourmet kitchen with quartz countertops and stainless steel appliances, and a spacious dining room with huge island. Upstairs, find three spacious bedrooms, including a master suite with a beautiful ensuite and walk-in closet facing the greenbelt, giving privacy. The laundry room is also 2 door opening with side by side washer and dryer. Downstairs, you have full sized double garage with fully fenced backyard- great for families with children or pets. This home includes the convenience of 4 car parking. (id:48205)

3 Bedroom 3 Bathroom 1426
For sale
$799,000
602 2555 WARE STREET, abbotsford, British Columbia

602 2555 Ware Street

Abbotsford, British Columbia

Located in the heart of Mill District - airy and bright 1,404 sq ft top floor corner unit. 3 extra-large folding glass doors open to a huge wrap around deck with a view of Mill Lake and the local mountains. Spacious open concept floor plan with 10' ceilings in living room/dining room. 2 bedrooms, 2 full baths, air conditioning, 2 convenient side x side underground parking stalls, 2 storage lockers (one in parkade, exclusive locker on the 6th floor right outside unit). Chef's kitchen with gas stove and large island providing ample working space. Close to Mill Lake Park, shopping and all amenities. Come see you wont be disappointed! (id:48205)

2 Bedroom 2 Bathroom 1404
For sale Open House
$799,000
134 30930 WESTRIDGE PLACE, abbotsford, British Columbia

134 30930 Westridge Place

Abbotsford, British Columbia

Welcome to Bristol Heights a master planned community by Polygon! This 3 bedroom, 3 bath CORNER unit features a spacious design and a bright and open floor plan with 9' ceilings. GOURMET chef's kitchen with stainless steel appliances, custom designed cabinets, tile backslash, polished chrome hardware, engineered stone countertops and generous island for entertaining. PRIVATE yard for BBQ and relaxing. Upstairs the SPA INSPIRED ensuite adds luxury to everyday life to the master bedroom. Downstairs, side by side DOUBLE garage and convenient storage. Close to all amenities including, schools, shopping, recreation, transit, restaurants and Hwy 1. The complex features an outdoor pool, hot tub, fitness center, play ground, guest suites and a huge clubhouse. Call today for your viewing! (id:48205)

3 Bedroom 3 Bathroom 1335
For sale
$789,900
25 34248 KING ROAD, abbotsford, British Columbia

25 34248 King Road

Abbotsford, British Columbia

Welcome home to Argyle, the perfect place for your family to call home. This end unit features a huge oversized garage that has room for a shop or gym space or additional storage. The location in the complex is 2nd to none as you are located away from the busy road and backing onto farmland for peace and quiet. This home has a great open floorplan with a chefs kitchen featuring a gas range, granite counters, tile backsplash and s/s appliances. The adjacent den has beautiful built-ins and a large window with lots of light. The 3 bed 2 bath upper floor offers great room sizes and ample closet space. The laundry area is also located here for convenience. 2 pets are allowed and this complex does not have a size restriction. There is a playground close by and Freeway access is a short drive! (id:48205)

3 Bedroom 3 Bathroom 1444
For sale
$789,000
125 3080 TOWNLINE ROAD, abbotsford, British Columbia

125 3080 Townline Road

Abbotsford, British Columbia

Welcome to "The Gables". The Largest Townhouse is located in West Abbotsford. This townhouse offers 4 bedroom and 3 full bathrooms, a large living area upstairs, a rec room downstairs with office and game room with updates like New Stove/Dishwasher/Cloth Washer/Garage Door. Easy access for highway, close to schools, amenities and gym, Highstreet Mall. (id:48205)

4 Bedroom 3 Bathroom 2950
For sale
$782,000
1706 3190 GLADWIN ROAD, abbotsford, British Columbia

1706 3190 Gladwin Road

Abbotsford, British Columbia

A true penthouse in Regency Park! Absolutely stunning UNOBSTRUCTED views from every window + unbelievable Panoramic views from the 992 sqft ROOFTOP patio! Spacious open concept kitchen w/ granite counters + living room with cozy gas fireplace! Tons of natural light throughout w/ oversized windows to soak in the views! Huge primary bedroom with walk in closet + ensuite w/ double sinks! Excellent size second bedroom, 3 pc bathroom and laundry room all on the main! Upstairs boasting a 230 sqft sunroom w/ wet bar and walk out to the ultimate rooftop patio! 2 Parking + large storage room! Amazing amenities: Indoor pool, hot tub, steam room, gym, guest rooms, workshop and more! Just minutes to restaurants, pubs, parks, schools, shopping + more! (id:48205)

2 Bedroom 2 Bathroom 1517
For sale
$779,000
322 32445 SIMON AVENUE, abbotsford, British Columbia

322 32445 Simon Avenue

Abbotsford, British Columbia

Welcome to La Galleria! Boasting 1,472 sq ft of living area plus a 439 sqft solarium with retractable glass panels to bring the outdoors in and a separate BBQ area. This open plan is bright with gourmet kitchen offering granite countertops, a breakfast bar, gas range that opens up to this dining & living area. A desirable plan with 2 large bedrooms are on either side of the unit, plus a den and laundry room/storage space. The primary bdrm features an ensuite with walk-in shower, double sinks & walk-in closet with built in organizers. The 2nd bdrm also features a cheater ensuite with double sinks, tub and walk-in closet with organizers. 2 parking plus storage + locker This unit is a must see! (id:48205)

2 Bedroom 2 Bathroom 1472
For sale
$774,800
39 30930 WESTRIDGE PLACE, abbotsford, British Columbia

39 30930 Westridge Place

Abbotsford, British Columbia

Welcome to BRISTAL HEIGHTS a SOUGHT AFTER community by Polygon! This 3 Bed, 3 Bath CORNER unit features a sleek and modern design, a super bright open concept floorplan, 9' ceiling, huge windows, and luxury laminate wood flooring! Boasting a GOURMET KITCHEN with custom-designed cabinetry, sleek stainless steel appliances, full tile backsplash, quartz countertops, a HUGE island for entertaining & a charming deck. The master ensuite upstairs features double sinks and a spa shower. Downstairs, enjoy your double-car garage and convenient storage. Close to HWY 1, Shops and Restaurants. This unit is perfectly situated across from the playground, PERFECT for small children! Equipped with FANTASTIC amenities, which include an outdoor pool, hot tub, gym, a HUGE clubhouse & guest suite! Call today! (id:48205)

3 Bedroom 3 Bathroom 1367
For sale
$773,000
901 32440 SIMON AVENUE, abbotsford, British Columbia

901 32440 Simon Avenue

Abbotsford, British Columbia

Its all about the VIEWS!!! & stunning renovations!! Welcome to this beautiful 2 bedrooms, 2 washrooms open concept Corner unit with 100sqft balcony. This apartment welcomes you with handcrafted Scandinavian vestibule, lots of windows for natural lighting and panoramic Southwest views and Mt Baker. Living room boosts Linear Napolean fireplace, engineered hardwood flooring throughout. Brand new kitchen cabinets and washroom vanities. Energy efficient lighting, Shado-matic remote operated blinds. This place has got long list of updates. Its one of a kind unit. Building amenities include indoor swimming pool, hot tub, Sauna, Gym, Pool table. Meeting room & a workshop. Walking distance to grocery stores and resturants. Book your showing now. (id:48205)

2 Bedroom 2 Bathroom 1241
For sale Open House
$769,500
20 33860 MARSHALL ROAD, abbotsford, British Columbia

20 33860 Marshall Road

Abbotsford, British Columbia

Beautiful 3 bedroom with a flex room unit with 3.5 bathrooms (Flex room can be the 4th bedroom) Minutes away from Shopping,Recreation, close to UFV and Abbotsford Hospital. Showcases modern finishing and a calming colour pallet. Home features a fenced backyard, flexible open plan layout with a gourmet kitchen featuring granite countertops, backsplash and beautiful cabinetry. Marshall Mews has been professionally designed and finished with crown mouldings, window casings, upgraded fixtures and lighting throughout the 3 finished floors.Don't miss out! ** Open House April 14/2024 12-2pm ** (id:48205)

3 Bedroom 4 Bathroom 1625
For sale
$754,900
94 30530 CARDINAL AVENUE, abbotsford, British Columbia

94 30530 Cardinal Avenue

Abbotsford, British Columbia

Highstreet Village is a 12-acre master planned community located directly across from Highstreet Shopping Centre including 600,000 SQ/FT of retail, restaurants, VIP Movie theatre & more. Comprised of 131 townbomes and 9 condominium buildings, amenities include a lounge, kitchen & virtual zoom rooms. The development has several schools nearby, located closely off Highway 1, a 6-minute drive to the Abbotsford International Airport,15 minutes from US Boarder and 10 min drive to downtown Abbotsford. (id:48205)

3 Bedroom 3 Bathroom 1317
For sale
$750,000
62 32310 MOUAT DRIVE, abbotsford, British Columbia

62 32310 Mouat Drive

Abbotsford, British Columbia

A very nice 2 storey, 3-bedroom 2-bathroom townhouse has a private backyard and is located in Mouat Gardens, near rotary stadium , walking distance to Gordie Howe middle School , WJ Mouat secondary School and Matsqui recreation centre. This home shows extremely well with recent updates like new kitchen countertops , kitchen cabinets, new paint new roofing 2022. Please call to book your private showing . (id:48205)

3 Bedroom 2 Bathroom 1224
For sale
$750,000
34587 2 AVENUE, abbotsford, British Columbia

34587 2 Avenue

Abbotsford, British Columbia

Attention investors or first time buyers! Great opportunity to get into the real estate market or looking for a rental investment property. This property has C4 commercial zoning. Opportunity to build 2 levels with a shop, retail, restaurants below and have living accommodations above. Check with the city to confirm zoning bylaw. Generate an income with home rental while you wait to develop. Property has an existing 1282sqft rancher with 4bdrm, 2bath and a detached garage. Call today for more information! (id:48205)

4 Bedroom 2 Bathroom 1282
For sale
$749,900
76 30989 WESTRIDGE PLACE, abbotsford, British Columbia

76 30989 Westridge Place

Abbotsford, British Columbia

BRIGHTON at WESTERLEIGH - Welcome to this beautiful 3 bedroom, 3 bathroom townhome at Westerleigh. This bright & spacious unit has many great features including 1,350 sq. ft. of living space, open-concept layout, 9' ceilings, SS appliances, cozy walk out patio, fully fenced yard & 2 car tandem garage. Only steps away from the Discovery Trail, all levels of schools, Bolt Fitness Centre, Sikh Temple, churches, shopping & offers easy access to Hwy 1. Owners can take advantage of a membership to Club West, Westerleigh's resort-style private clubhouse with outdoor pool/hot tub, fitness studio, fireside lounge, hockey room, pool room & theatre room. This complex is pet friendly, allows 2 cats or 2 dogs! You will love it here, come bring the family and have a look today!! Open House Apr 6 (2-4pm) (id:48205)

3 Bedroom 3 Bathroom 1350
For sale
$749,000
165 30930 WESTRIDGE PLACE, abbotsford, British Columbia

165 30930 Westridge Place

Abbotsford, British Columbia

Welcome to Bristol Heights by Polygon! One of the best masterplanned communities in Abbotsford. Convenient location close to EVERYTHING, HYW 1, Highstreet Shopping Centre, and Walmart Supercenter. Steps to childcare, all level schools, and Townline park. This 2 bedrooms, 3 bath unit is only 3 years old with SIDE-BY-SIDE garage and storage room. This SUPER CLEAN townhome features open and bright concept on main floor with 9'' ceiling, a huge island with quartz countertop, spacious custom-designed cabinetry, and a large enclosed yard on the main. Upstairs, enjoy your master bedroom and double-sink ensuite, side-by-side washer and dryer in the laundry. Lots of amenities, kids playground, gym, swimming pool, theatre room and more! MUST SEE! (id:48205)

2 Bedroom 3 Bathroom 1295
For sale
$738,800
25 32633 SIMON AVENUE, abbotsford, British Columbia

25 32633 Simon Avenue

Abbotsford, British Columbia

Just a short walk north of Allwood Street and South Fraser Way, Allwood Place is a peaceful escape from the busy center of Abbotsford. This cozy 3-bedroom townhome, covering 1392 sqft, is a lovely mix of comfort and style.Step into the modern kitchen, perfect for hosting, with its shiny white countertops and stylish stainless steel Whirlpool appliances. The house features sleek laminate flooring throughout, leading to a spacious balcony where you can unwind. The main bedroom is inviting, with a large closet and a private bathroom, giving you your own private space. There's a garage for easy storage and a backyard for gardening and hanging out with friends.If you're into staying active, the Alder Club has great amenities like a gym and a peaceful yoga area, just a short stroll away. (id:48205)

3 Bedroom 3 Bathroom 1392
For sale
$735,000
5 33020 MACLURE ROAD, abbotsford, British Columbia

5 33020 Maclure Road

Abbotsford, British Columbia

LOVE WHERE YOU LIVE !! ADULT LIVING 55+ 3 BDRM RANCHER WITH W/O BASEMENT in WILLBAND CREEK ESTATES. BACKS ON TO CREEK AND GREENSPACE. Updates on the main floor include a RENOVATED KITCHEN that will appeal to anyone who loves to cook or bake, UPDATED MAIN BATHROOM, fresh paint, lighting and flooring. Cozy living room with fireplace. Formal dining room for entertaining. Large rec room down with GUEST BEDROOM- 3 piece bathroom and 547 sq ft of unfinished space great for a workshop or hobby area. Find PEACE AND SERENITY on either the partially covered sundeck or walk out patio. Pets allowed w/restrictions. NEW FURNACE AND AIRCONDITIONING. Close to shopping, recreation, and transit. Well managed complex, RV parking available. (id:48205)

3 Bedroom 3 Bathroom 2650
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About The City of

Abbotsford

Traditionally, Abbotsford was made up of predominantly farmland and the vast majority of the area surrounding Abbotsford still is. However, Abbotsford BC Real Estate has recently undergone some drastic changes, and new home developments have now incorporated an inspiring combination of modern urban style and friendly country living.

Neighborhoods in

Abbotsford

East Abbotsford homes for sale are always in high demand in popular areas like Eagle Mountain, McKee, Whatcom, Auguston, Sandy Hill, Clayburn, and more. Central Abbotsford homes are also growing in demand as young families move into older homes and do their own dream renovation to bring the home up to today’s standards.

Abbotsford homes for sale in areas like Bradner and Sumas Mountain make for a great place to live for people from all walks of life. This area of the Fraser Valley is also an amazing place for those that want to downsize and live a quiet life of retirement, especially those who have recently became empty nesters and would like to move into a rancher style home in Abbotsford.

  • Aberdeen

  • Arnold
  • Auguston
  • Blueridge
  • Bradner
  • Clayburn
  • Clearbrook
  • Downtown
  • Eagle Mountain
  • Gifford
  • Glen Mountain
  • Huntingdon
  • Kilgard
  • Matsqui
  • McKinley Heights
  • Mill Lake
  • Mount Lehman
  • Sandy Hill

Amenities in

Abbotsford

Over the last two decades, the City of Abbotsford has worked in partnership with dozens of park boards, developers, and school districts to further develop Abbotsford into a lively and community-centric city.

The Parks Department of the City of Abbotsford manages several parks, athletic fields, and many recreational and cultural centres that are subsidized through municipal taxes. These programs are developed to ensure that the local residents are engaging in healthy activities and contributing to the cultural growth of the community.

  • Abbotsford Recreation Centre
  • Matsqui Recreation Centre
  • Abbotsford Exhibition Park
  • Mill Lake Park
  • Fishtrap Creek Park
  • Albert Dyck Memorial Park
There are over 50 schools in Abbotsford, from private elementary schools all the way to highly-rated public universities (UFV). With so many educational institutions in town, there is a school for everyone!

  • University of the Fraser Valley (UFV)
  • Mennonite Educational Institute (MEI)
  • W.J. Mouat
  • Robert Bateman
  • Abbotsford Secondary
  • St. John Brebeuf
  • Aberdeen Elementary
  • Matsqui Elementary
Local entrepreneurs, developers, and government boards have been working in direct connection with one another to build out the shopping and entertainment districts of Abbotsford.

  • Highstreet Shopping Centre
  • Sevenoaks Shopping Centre
  • West Oaks Mall
  • Cineplex VIP Cinemas
  • Abbotsford Entertainment Centre
  • Castle Fun Park
The City of Abbotsford has been actively improving the transit accessibility of its community. Historically recognized as a car-dependent city, this community has been at the forefront of improving walkability with recent projects surrounding High Street and Montrose.

  • Uber
  • BC Transit
  • International Airport (YXX)

Economic Stats for

Abbotsford

If you’re thinking about buying a home in Abbotsford, it is important that you consider the economy factors at play and determine whether those trends are inline with a community you want to invest into. Whether you’re a first time homebuyer, long term rental investor, or a family looking to relocate to the Fraser Valley, you should always consider the state of the local economy before purchasing a new property.

As of 2021, the City of Abbotsford has an approximate population of 141,489 people. The population has been growing at a rapid pace of 1.5% per year for well over a decade.
Out of approximately 50,000 households in Abbotsford, the vast majority of families have a household income well between $60,000 to $150,000 or more. While the household incomes are stable, they’re also well above the national median income of $72,000 per year.

Abbotsford’s real estate market continues to steadily rise over the last decade. The FVREB predicts continued growth in real estate prices in all neighbourhoods within Abbotsford.

Abbotsford July 2020 Price Three Year % Change
Detached House $831,600 28.7%
Townhouse $462,800 34.2%
Apartment/Condo $322,200 48.3%

(From MLS® Home Price Index – Fraser Valley Real Estate Board July 2020.)

Residential Property Tax Rate for Abbotsford from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.327%     0.150%       0.504%
2019     0.309%     0.140%       0.474%
2018     0.335%     0.149%       0.513%
There are several large economic drivers in Abbotsford that have a significant impact on the local demographics, income, and culture.

Abbotsford, BC is home to the University of the Fraser Valley (UFV), the Tradex building, and the Abbotsford International Airport, which also hosts the annual Abbotsford International Airshow. Abbotsford also has a relatively new state-of-the-art Hospital and Cancer Centre and this growing Fraser Valley community has some of the most sought-after schools in BC. Abbotsford also enjoys a large amount of Commercial Real Estate, making the city completely self-sufficient and ever ready for expansion and growth.

For those who like to save by going across the border to the US to purchase gas, milk, cheese and common household groceries, Abbotsford is ideally located next to the Canada/US Sumas border making it very convenient to save on some additional living costs.

Rental Potential in

Abbotsford

Investor types need to make sure the numbers on the property make sense in order to properly assess the risk-to-reward. While these numbers are rough estimates, they do provide a starting point for real estate investors to gather information and begin the due diligence process.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In Abbotsford, you can expect to pay around 0.504% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.
While the cost of real estate has been steadily rising in Abbotsford for the last several decades, so has the average rents.

According to CMHC, the average rent in Abbotsford has been rising every year. From 2014 to 2019 rents have risen from $768 to $1,045 per month.

Vacancy rates in Abbotsford remained at the lowest levels seen in the last 20+ years. With an average vacancy rate of 0.68% over the last five years.

It is worth mentioning that monthly rents in Abbotsford can vary greatly depending on the neighbourhood, quality of finishings, and the size of the property. A property on Eagle Mountain may demand double the monthly rents compared to a house in Central Abbotsford and vice versa.

Estimated Monthly Rents:

1 Bedroom – $1,100 – $1,300 per month

2 Bedroom – $1,500 – $1,800 per month

3 Bedroom – $2,300 – $2,700 per month