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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
$595,000
404 32330 SOUTH FRASER WAY, abbotsford, British Columbia

404 32330 South Fraser Way

Abbotsford, British Columbia

Welcome to Town Center Tower! This stunning 2 Bed + 2 Bath 4th floor unit offers 1250 + Sq Ft of living space and boasts floor-to-ceiling windows ensuring an abundance of natural light throughout. With only four units per floor each one enjoys coveted corner positioning for enhanced privacy. Step into a tiled foyer opening into an expansive open-concept living space. Generously sized dining & living area with a natural gas fireplace. The sleek modern kitchen is designed for both style and functionality and maximizing countertop space. The master bedroom is flooded with natural light, features his and hers closets, ensuite, and private patio. Generously sized second bedroom with large closet. Situated in a concrete high-rise building & enjoy the convenience of central Abbotsford living here (id:48205)

2 Bedroom 2 Bathroom 1255
For sale
$589,000
108 33530 MAYFAIR AVENUE, abbotsford, British Columbia

108 33530 Mayfair Avenue

Abbotsford, British Columbia

LUXURY CORNER UNIT! at Abbotsford's finest residential bldg THE RESIDENCES AT GATEWAY. This east facing spacious 2 bedrooms, 2 bathrooms hotel-inspired suite has uncompromising quality. Features private yard, full laundry room, radiant flooring in bathrooms, heat pump/ AC throughout, marble backsplash, wide plank flooring in main living areas, balcony w/a gas hook up for you BBQ. High end appliances incl. a Bertazzoni Professional Series gas range, Fisher Paykel Fridge, Bosch Dishwasher & a built-in wine storage. The unit has 2 secure underground parking & a 8'X8' huge storage locker rm right at your parking stall. Footsteps away from DT Abbotsford. 5 Minutes to Fraser Valley University. Easy commute to Hwy#1. Shopping & restaurants all within walking distance. A MUST SEE! (id:48205)

2 Bedroom 2 Bathroom 1058
For sale Open House
$588,000
37 32659 GEORGE FERGUSON WAY, abbotsford, British Columbia

37 32659 George Ferguson Way

Abbotsford, British Columbia

Don't miss this incredible family home conveniently located in West Abbotsford with easy access to shopping, parks, schools and transit. This upper floor townhome features 2 large bedrooms, 2 bathrooms, spacious living/dining area, a sunny kitchen with eating area and 2 large balconies, plus a private garage. This corner/end unit allows plenty of natural light with windows on three sides, plus beautiful views to the mountains. Tons of storage in-suite and in your attached garage. Complex is well maintained and offers visitor parking and a lovely community, plus amenity room and workshop. Open Houses Sat/Sun May 18/19th 2-4 pm. (id:48205)

2 Bedroom 2 Bathroom 1333
For sale
$585,000
305 32838 LANDEAU PLACE, abbotsford, British Columbia

305 32838 Landeau Place

Abbotsford, British Columbia

Why pay for 3 Bedroom when you have a den almost 65 square feet as good as a room. Set in the heart of Abbotsford's City Centre, Heinrichs Developments introduces a new landmark for urban living. Inspired by contemporary architecture and Scandinavian design, this apartment offers open concept floor plans featuring stainless steel appliances, polished quartz countertops, and modern cabinetry. 2 great size bedroom with 2 washrooms and Den. Good size balcony for cozy family time. This beautiful home is centrally located, opposite Superstore and steps from SevenOaks Shopping Centre and minutes from Abbotsford's historic downtown core along with the picturesque trails surrounding Mill Lake Park. BONUS - comes with 2 parking 1 of which is with EV Charger. (id:48205)

2 Bedroom 2 Bathroom 1028
For sale
$583,999
306 2649 JAMES STREET, abbotsford, British Columbia

306 2649 James Street

Abbotsford, British Columbia

Welcome to the TERRAZZO! This stunning like new condo is a 2 bed/2 bath plus den & large SOLARIUM! Located in the heart of Abbotsford close to everything and this beautiful unit is situated on the quiet side of the building. Featuring a spacious open concept living space with custom automated blinds. The kitchen has stainless steel Samsung Appliances plus a gas range and quartz countertops. The gorgeous solarium is an incredible bonus and extra living space with retractable glass panels so can be used year round! Natural gas bbq outlet conveniently in a separate space. Walking distance to shopping, transit & recreation, plus close Hwy 1 access. This one is a must see! Call today for a private viewing! (id:48205)

2 Bedroom 2 Bathroom 1084
For sale
$579,900
309 33485 SOUTH FRASER WAY, abbotsford, British Columbia

309 33485 South Fraser Way

Abbotsford, British Columbia

Welcome to Citadel Ridge. Rarely on market. original owners. 3rd floor corner unit with Mt. Baker View. 1252 sq.ft. 2 bdrms with ensuite. Double enclosed garage in secure underground parking. Lots of visitor parking with easy access. Don't miss out. (id:48205)

2 Bedroom 2 Bathroom 1252
For sale Open House
$579,900
58 34959 OLD CLAYBURN ROAD, abbotsford, British Columbia

58 34959 Old Clayburn Road

Abbotsford, British Columbia

Welcome to Crown Point Villas! A well run 55+ complex in East Abbotsford. This rancher style home features 2 bedrooms, 2 bathrooms and is over 1,600 sqft! Great floor plan with a spacious living room, a cozy fireplace, & adjoining dining room for gatherings. Great sized kitchen that has lots of cupboard and counter space and a bright eating area. Large primary bedroom with a fireplace, walk in closet, and a 3pc ensuite with a soaker tub! Patio backs onto a vast lawn space. Mud room leading out to a coveted carport that has a storage room. 2 year old HW tank. Amenities include large Clubhouse with workshop, craft room, pool table, library, & RV parking. Great location close to all amenities and easy freeway access! Book your private tour today! (id:48205)

2 Bedroom 2 Bathroom 1629
For sale
$579,900
202 31158 WESTRIDGE PLACE, abbotsford, British Columbia

202 31158 Westridge Place

Abbotsford, British Columbia

Welcome to Elmstone by Polygon in West Abbotsford! This 2nd floor 2 Bedroom & 2 Bathroom unit boasts over 936 Sq ft and features a functional & open floor plan throughout. Beautiful gourmet kitchen with custom cabinetry, stainless steel appliances, large island for entertaining and direct view to your spacious balcony . This unit also boast high ceilings, bedrooms on opposite sides of the unit , large Master Bedroom with walk in closet & ensuite bathroom with porcelain tile flooring and dual vanity sinks. Turn key living and move in ready today. 2 UG Parking and 1 Storage locker . Enjoy the Community of Westerleigh with access to Club West - a 9000 sqft residents only club house with amazing amenities including a top of the line gym, outdoor pool and hot tub. Live the good life! (id:48205)

2 Bedroom 2 Bathroom 936
For sale
$575,000
35 3380 GLADWIN ROAD, abbotsford, British Columbia

35 3380 Gladwin Road

Abbotsford, British Columbia

The Good Life lived at Forest Edge! A well maintained 55+ Townhouse Complex bordering Greenbelt. This level entry Rancher with a full basement that walks out level to backyard. Lots of daylight in Kitchen with eating nook. 2 bedrooms, a 2 bathrooms and Laundry on main floor. 1 pet allowed, cat or dog. Size limit 14 inches to shoulder at maturity. Home is in original condition, ready for your renewal ideas. Bylaws state Occupancy limit is 3 adults, 55 years age limit applicable. 2 parking spaces, 1 in carport, 1 outside. (id:48205)

3 Bedroom 3 Bathroom 2324
For sale
$574,900
604 32838 VENTURA AVENUE, abbotsford, British Columbia

604 32838 Ventura Avenue

Abbotsford, British Columbia

Welcome to Ventura! A fantastic nearly new 2-bedroom, 2-bath modern haven that exudes warmth and impeccable maintenance and on the top floor! With 9' ceilings and an open concept design, it maximizes natural light for an inviting atmosphere. Positioned in a prime location, this property isn't just a home; it's a lifestyle. Clean, new, pet-friendly, and offering a dedicated dog wash station, this unit combines convenience and style. Enjoy a well-equipped gym and a storage locker for added perks. Seize the chance to make this yours! Call your realtor for a viewing and embrace the best of Abbotsford living! (id:48205)

2 Bedroom 2 Bathroom 865
For sale
$569,999
204 2238 WHATCOM ROAD, abbotsford, British Columbia

204 2238 Whatcom Road

Abbotsford, British Columbia

Modern living in the most sought after condo development in East Abbotsford. Welcome to Waterleaf, the perfect mix of luxury and convenience. Boasting industry leading amenities including heated Swimming Pool, Hot Tub, Full Sized Gym and Amenities Room with Pool Table. This 2 bedroom, 2 bathroom unit is in immaculate condition boasting fresh paint, shiplap details on fireplace, custom shelving and cabinets in living room, spacious pantry and modular wall-hanged shelving in the 2nd bedroom closet. Just seconds drive to Hwy 1, and walking distance to Save on Foods, restaurants, fantastic school catchment and so much more. Additionally enjoy 2 Side by Side parking stalls and a large storage locker! This unit won't last long! Please call for more information or to book a showing today. (id:48205)

2 Bedroom 2 Bathroom 912
For sale Open House
$569,700
314 33820 SOUTH FRASER WAY, abbotsford, British Columbia

314 33820 South Fraser Way

Abbotsford, British Columbia

Welcome to Montvue Living! Enjoy all the elements of modern living while still experiencing a traditional feel in your spacious home nestled in Historic Downtown Abbotsford. Montvue is located within walking distance of locally owned shops, boutiques, restaurants, cafes, and service providers. As one of Abbotsford's oldest communities, the Historic Downtown core provides the perfect atmosphere for families, downsizers, and young couples who are looking to enjoy life to the fullest! Estimated completion date is 2026 and rentals are allowed. Presentation Centre is located at #400 - 2060 McCallum Rd, Abbotsford. (id:48205)

2 Bedroom 2 Bathroom 822
For sale Open House
$568,800
210 31158 WESTRIDGE PLACE, abbotsford, British Columbia

210 31158 Westridge Place

Abbotsford, British Columbia

Experience the urban living at Elmstone, where every moment is an invitation to embrace luxury. Step into this charming 2 BD/1BA condo, where sunlight dances through windows, casting a warm glow over every corner. Entertain in the modern kitchen or retreat to the spacious balcony for both morning coffee & evening relaxation. Mast suite with its walk-in closet & a great ensuite. Convenience is key with a designated parking spot located near the elevator. And the fun doesn't stop there. Residents are treated to 9,000 sqft of amenities, from splashing around in the pool to unwinding in the hot tub or getting your heart pumping in the fitness centre. Nestled near Rick Hansen Secondary, with effortless access to highways and the Highstreet Shopping Centre. Open House Sat 2-4 pm & Sun 1-4 pm. (id:48205)

2 Bedroom 2 Bathroom 879
For sale
$565,000
606 32838 LANDEAU PLACE, abbotsford, British Columbia

606 32838 Landeau Place

Abbotsford, British Columbia

This three year old 2 bdrm 2 bathrm condo is an investor delight. Built by Heinrich Development, this complex is located in a central part of Abbotsford and close to transit and shopping. Walk to everything within a few minutes. Unit comes with two side by side parking stalls in secure underground parking and an extra large storage space. (id:48205)

2 Bedroom 2 Bathroom 885
For sale Open House
$560,000
510 32838 VENTURA AVENUE, abbotsford, British Columbia

510 32838 Ventura Avenue

Abbotsford, British Columbia

Welcome to Ventura - Community of just 70 homes located in the City Centre of Abbotsford. Featuring a 2-bed, 2-bath, 2 parking unit. Gorgeous, TOP FLOOR spacious unit with large windows, letting in lots of natural light. Open den perfect for an office. Kitchen with butler pantry, extra linen closet & quartz countertop in unit. The amenities feel like home. The Ventura's amenities shine, offering a gym, dog wash station, bike room, party room, covered gathering area with a fire pit, lush grassed space, and a covered BBQ area for gatherings. Centrally located, it's a stone's throw from transit, shopping, and recreation. Please send a message to coordinate an appointment. (id:48205)

2 Bedroom 2 Bathroom 865
For sale
$559,900
205 33318 EAST BOURQUIN CRESCENT, abbotsford, British Columbia

205 33318 East Bourquin Crescent

Abbotsford, British Columbia

Discover comfort & convenience in this METICULOUS & BRIGHT 2-bed, 2-bath condo surrounded by GREENSPACE in central Abbotsford. Perfect open concept layout with LARGE BEDROOMS on opposite sides. Nestled on the QUIET side of the building, enjoy the serene WALKOUT PATIO and GRASSY AREA, ideal for relaxation, gatherings kids & PETS (NO SIZE RESTRICTIONS)! The interior boasts tons of NATURAL LIGHT through huge windows. Recent UPDATES include NEW FLOORING, fresh PAINT & new dishwasher. WALK to schools of all levels and parks galore - Ravine Park (1 min) and Mill Lake Park (4 min) & the Abby Arts Centre is just a 4-minute stroll away. Storage locker, 2 parking spots, clubhouse & guest suite for visitors! Don't miss out on this beautiful home! (id:48205)

2 Bedroom 2 Bathroom 905
For sale
$559,900
405 32838 VENTURA AVENUE, abbotsford, British Columbia

405 32838 Ventura Avenue

Abbotsford, British Columbia

Welcome home to your bright and beautiful corner unit at Ventura! This near new 2 bed + den home boasts stunning views all the way from the South East Mt Baker to the North Shore Mountain range. Your new home has been lovingly cared for and lightly lived giving you the comfort of a new home without the GST. The big windows let in tons of natural light and the AC keeps you comfortable in the summer. You will love the central location walking distance to everything you need, state of the art amenities including a dog washing station, outdoor covered BBQ, covered natural gas fire pit, beautiful grassy courtyard, amenities, and exercise facilities. Do not delay come see your home today! (id:48205)

2 Bedroom 2 Bathroom 973
For sale
$559,000
321 31158 WESTRIDGE PLACE, abbotsford, British Columbia

321 31158 Westridge Place

Abbotsford, British Columbia

This 2 bed 2 bath apartment residence. Home features a bright open living space, warm wood laminate flooring. Enjoy mountain views on your deck off the living area. The gourmet kitchen with stainless steel appliances, engineered stone countertops and a spacious central island - perfect for entertaining. The master ensuite with tile flooring, dual vanity sinks and spa shower with integrated bench seating and much more. (id:48205)

2 Bedroom 2 Bathroom 861
For sale Open House
$555,000
209 32063 MT WADDINGTON AVENUE, abbotsford, British Columbia

209 32063 Mt Waddington Avenue

Abbotsford, British Columbia

This condo is literally TURN-KEY. Everything is in place for your immediate rental opportunity or first time home buyer. No age restrictions, rentals allowed, and 1 dog or 1 cat - no size or breed restriction- make this a very sweet place to live. This condo has been completely renovated with cabinetry, light fixtures, countertops, flooring, added storage features, murphy bed in 2nd bedroom and storage set up in the walk in closet and laundry room. Two parking stalls and storage locker are included as well as leather couch, sofa bed, modern bar stools and cabinets. This is a north-west corner unit, which brings in lots of natural light overlooking greenery. Close to shopping, bus routes, schools and easy access to the HWY will help to make this decision an easy one for the next owner. (id:48205)

2 Bedroom 2 Bathroom 956
For sale
$555,000
210 33546 HOLLAND AVENUE, abbotsford, British Columbia

210 33546 Holland Avenue

Abbotsford, British Columbia

Well maintained unit at the desirable Tempo located in Central Abbotsford. This open concept layout offers 2 bedrooms plus a den & 2 bathrooms. Large, bright & clean 939 sq. ft. living space with lots of windows for natural light, secure underground parking, storage locker & a large balcony. Complex is family, pet and rental friendly, has an onsite caretaker. Great location close to Cabelas, UFV, Hospital, Browns Social House, shopping, all levels of schools & easy freeway access. (id:48205)

2 Bedroom 2 Bathroom 929
For sale
$550,000
211 33318 E BOURQUIN CRESCENT, abbotsford, British Columbia

211 33318 E Bourquin Crescent

Abbotsford, British Columbia

Beautiful, Nature's Gate! You'll love this large 2 bedroom 2 bathroom plus den unit, backing on to greenspace - quiet and private! Enjoy the 9ft ceilings, cozy electric fireplace, bright open layout, in-suite laundry, ensuite off the master and so much more. Your home comes with 1 underground parking stall, level entry, and a storage locker down the hall. This well maintained complex features a wonderful clubhouse and beautiful guest suites for when you ave visitors in town! You're located steps away from Mill Lake, multiple shopping centres and great schools. You'll love your new home in this gated community! Great Condo, Great Location, Great Price! Call today! (id:48205)

2 Bedroom 2 Bathroom 985
For sale Open House
$549,900
105 33898 PINE STREET, abbotsford, British Columbia

105 33898 Pine Street

Abbotsford, British Columbia

Welcome to Gallantree, located in Central Abbotsford on the corner of Pine Street and Gladys Avenue just minutes away from beautiful parks, big name retailers, and all the attractions and charm of Historic Downtown Abbotsford. Close proximity to the West Coast Express and the Trans-Canada Highway adds convenience to your daily life with easy access to transit and surrounding communities. This ground floor 2 bedroom, 2 bath unit is exceptionally spacious and has a large patio backing on to the Abbotsford Virtual School park and playground. The open plan kitchen features sleek stainless steel appliances and an expansive eating bar with stylish granite countertops, perfect for entertaining. Freshly Painted and NEW laminate flooring throughout so you can just move right in and enjoy! (id:48205)

2 Bedroom 2 Bathroom 975
For sale
$549,900
406 2038 SANDALWOOD CRESCENT, abbotsford, British Columbia

406 2038 Sandalwood Crescent

Abbotsford, British Columbia

Top floor unit in Element. 985 sqft 2 bed 2 bath. Bright and spacious open floor plan with laminate flooring, stainless steel appliances, 9ft ceilings and best of all Air Conditioning. Large primary bedroom with walk in closet and 4pc ensuite. Walking distance to Mill Lake Park, hospital, and Hoon Park. Nearby schools include Abbotsford Middle, Godson Elementry, and Abby Senior Sec. Just minutes away from HWY 1, UFV, and shopping. (id:48205)

2 Bedroom 2 Bathroom 985
For sale
$549,900
6 3292 ELMWOOD DRIVE, abbotsford, British Columbia

6 3292 Elmwood Drive

Abbotsford, British Columbia

Sequestra Estates! Almost 2000 sq ft, 2 bed, 2 bath townhouse is situated in a private setting with views of the local mountains & is surrounded by trees. This well maintained home was recently painted throughout & has all you need with extra space provided by an upstairs den & an office downstairs. The kitchen has ample cupboard & counter space for all your cooking needs. The living & dining area have lg windows that provide a bright living space as well as views of the trees all around. Many of the light fixtures have been updated as well as the vinyl windows. Downstairs features a lg family rm & laundry providing an abundance of storage. This is a Self Managed complex. No age restrictions here but there is a 2 person occupancy limit. it. Pets welcome, limit of 2 cats/dogs. (id:48205)

2 Bedroom 2 Bathroom 1916
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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