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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
$524,900
308 32729 GARIBALDI DRIVE, abbotsford, British Columbia

308 32729 Garibaldi Drive

Abbotsford, British Columbia

High end, corner unit condo in Garibaldi Lane! This 2 bed 2 bath features an open kitchen and great room concept to maximize the already large 1,125 sq ft plan. Bedrooms on opposite sides. Large Master bedroom with walk in closet and ensuite featuring his and hers sinks, bathtub, stand up shower and heated floors. Hardwood floors, granite countertops, crown mouldings, and high end finishing throughout. Patio faces east. Large in suite laundry/storage. 2 parking stalls and 1 storage locker included. Close to shopping, recreation, schools and plenty of restaurants. (id:48205)

2 Bedroom 2 Bathroom 1125
For sale
$524,700
311 33708 KING ROAD, abbotsford, British Columbia

311 33708 King Road

Abbotsford, British Columbia

COLLEGE PARK! Corner Unit!!! This unit features 2 bedrooms/ 2 bathrooms, huge kitchen, bright living room with fireplace, dining area & in suite laundry. Bright/ natural light unit and ready for you. Beautiful covered wrap around deck faces trees to the west and north over the roundabout - not looking into another building. Two underground parking spots, onsite gym & well run complex. Fantastic central location. No age restrictions. Close to schools, shopping, recreation, University of Fraser Valley, restaurants, parks & easy access to highway. (id:48205)

2 Bedroom 2 Bathroom 1067
For sale
$523,500
104 33668 KING ROAD, abbotsford, British Columbia

104 33668 King Road

Abbotsford, British Columbia

Welcome to the amazing "College Park Place" one of Abbotsford's most highly desirable condo complex's. This beautifully renovated 2 bed 2 bath ground floor corner unit in the heart of Abbotsford offers is all. This spacious and bright home has been completely renovated, offering a modern and stylish living space. As you enter, you'll be greeted by an open concept layout that seamlessly connects the living, dining, and kitchen areas. The large windows throughout the unit flood the space with natural light, creating a warm and inviting atmosphere. The master bedroom boasts a generous walk-in closet and a luxurious ensuite bathroom. Local shopping, entertainment, and highway 1 access just minutes away from your front door. This is a TURN KEY until that you HAVE to come and view for yourself. (id:48205)

2 Bedroom 2 Bathroom 1056
For sale Open House
$520,000
205 33718 KING ROAD, abbotsford, British Columbia

205 33718 King Road

Abbotsford, British Columbia

Looking for the PERFECT place to call home, that is completely move in ready? You have GOT to check out this stunning 2 bed, 2 bath, over 1100 square foot condo in COLLEGE PARK! This unit features BRAND NEW vinyl plank flooring throughout, new paint, updated kitchen and bathrooms, and a huge wrap around balcony. You are centrally located in Abbotsford, minutes to UFV, highway 1 and all kinds of shopping. Perfect for first time buyers or investors looking for little to do or maintain in a well kept building, with 2 secure underground parking spots. The unit itself features lots of storage and a spacious laundry room, and open concept living spaces. Pet friendly and no age restrictions, all that's left to do is move in! Don't wait, book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 1143
For sale Open House
$520,000
405 33318 E BOURQUIN CRESCENT, abbotsford, British Columbia

405 33318 E Bourquin Crescent

Abbotsford, British Columbia

This lovely condo is a bright, spectacular home. The open living area is bracketed by the bedrooms for privacy. Over 900 square feet, it is well loved with quality floors, tasteful paint, electric fireplace and nine foot ceilings. The spacious balcony adds living space and natural light. The kitchen is roomy with plenty of storage. One underground parking spot, a second currently rented. Storage unit is nearby for convenience. One pet allowed. No size restriction. An amenities room and Guest Suite are available. Nature's Gate is an easy walk to the trails, pool, and peace and joy at Mill Lake, Seven Oaks Mall, transit, and all the city has to offer. Schools are within one kilometer. This is a quality home. Gate provides extra security and peace of mind. Open House Saturday, April 28 2-4. (id:48205)

2 Bedroom 2 Bathroom 909
For sale
$519,900
301 2233 MCKENZIE ROAD, abbotsford, British Columbia

301 2233 Mckenzie Road

Abbotsford, British Columbia

Perfect for a starter family home or investment! This central located beautiful corner unit offers 2 bedroom plus den, that makes a great child's room or office, 2 full bath, 2 parking stalls and 1 storage locker. Located in a quiet area, large master bedroom, kitchen has granite countertops & eating bar, stainless steel appliances, with tile backsplash. In-suite laundry. Enjoy a bright open-concept living room with a cozy fireplace and large window with patio for view. Rentals and pets allowed. Building amenities include: large amenities room with kitchen, games area, large patio, gym room and 2 guest suites. Quick walk distance to downtown Abbotsford with many amenities nearby, transit, school, shopping, close to Hospital, UVF Campus and quick access to Hwy 1. (id:48205)

2 Bedroom 2 Bathroom 960
For sale Open House
$519,900
207 33728 KING ROAD, abbotsford, British Columbia

207 33728 King Road

Abbotsford, British Columbia

College Park Place! This 2nd floor unit is located in the new U-District neighborhood of Abbotsford and is one of the larger floorplans available in the complex. The kitchen features quartz countertops with marble tile backsplash & S/S appliances. Open concept living with generous sized living room & dining room with crown moldings, gas f/p & oversized laundry room. Large south facing deck where you can have an electric BBQ. Ideal location of the building away from the street & close to the elevator. Easy walk to Abbotsford Centre & UFV. Minutes drive to the Hospital, Hwy 1, Mill Lake, US border & Abbotsford Airport. Two underground parking spaces, storage locker, l guest suite at a very reasonable rate plus a gym. Two pets are allowed here with restrictions & quick possession is possible! (id:48205)

2 Bedroom 2 Bathroom 1138
For sale
$519,800
414 2120 GLADWIN ROAD, abbotsford, British Columbia

414 2120 Gladwin Road

Abbotsford, British Columbia

THE ONYX AT MAHOGANY. Stunning architectural design building across from Famous Mill Lake. Prime top floor suite with 10 foot ceilings and large windows for lots of natural light. Gorgeous kitchen with quartz countertops, designer kitchen cabinets, stainless steel appliances including the gas stove and gas is included in the maintenance fee, living and dining rooms, 2 bedrooms, laundry room and big deck with great views. 2 parking! Storage locker. E/V Chargers, Car wash station, Bike locker. Exercise room. A/C. 3 blocks from Abbotsford Regional Hospital walk to Seven Oaks Mall, Restaurants, freeway access, transit. Not many top floor suites come available in this popular development situated in prime Abbotsford location. (id:48205)

2 Bedroom 1 Bathroom 866
For sale Open House
$519,700
308 33820 SOUTH FRASER WAY, abbotsford, British Columbia

308 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 1 Bathroom 761
For sale Open House
$519,000
306 2632 PAULINE STREET, abbotsford, British Columbia

306 2632 Pauline Street

Abbotsford, British Columbia

WOW! INVEST OR MOVE IN! YALE CROSSING in Historic Downtown Abby! Refreshed unit by Mountain River Projects! Updates include bright white paint, black hardware, 2 bed, 2 bath home with MT BAKER & DOWNTOWN ABBY VIEWS. Enjoy summer breakfasts on your balcony! This home is fully outfitted with updated ductless A/C, Granite counters, Crown molding, 5-piece primary ensuite bath, Stainless steel appliance package, Electric fireplace, 9 ft ceilings, Laminate flooring & In-suite laundry room. The space has a modern feel in well-managed building. Great location! Central and it's steps away from coffee, pubs, restaurants, shops, markets, parks, recreation, entertainment, transit and schools are nearby. 1 parking. Pets allowed with restrictions. Have your realtor book an appointment today! (id:48205)

2 Bedroom 2 Bathroom 904
For sale
$510,381
27 3110 TRAFALGAR STREET, abbotsford, British Columbia

27 3110 Trafalgar Street

Abbotsford, British Columbia

NORTHVIEW PROPERTIES - Rarely available large ground floor corner unit! Beautiful and bright with many windows that bring in lots of natural light. Immaculate lower level unit, in quiet area of the complex. Age Restricted 55+. Unit has 2 spacious bedrooms and 2 full baths. Lovely big bright kitchen open to family room with a cozy fireplace. Floor to ceiling stone fireplace is a nice focal point. Spacious living/dining room opens through sliding doors, to a very private patio. Close enough to walk to Seven Oaks Shopping or Mill Lake, located near the Clubhouse , Wheel chair accessible, well run and maintained complex. (id:48205)

2 Bedroom 2 Bathroom 1517
For sale Open House
$499,999
412 3176 GLADWIN ROAD, abbotsford, British Columbia

412 3176 Gladwin Road

Abbotsford, British Columbia

The Regency! Top floor spacious 2 bed + den & 2 bath unit. Huge kitchen with separate eating area and living room, open plan concept. This residence is part of a secure and well-maintained complex that offers a range of amenities such as indoor pool, hot tub, large fitness room with good equipment and clubhouse area with billiards, kitchen, etc. These features enhance the overall lifestyle and add an extra layer of convenience to your daily routine. Large storage locker. Fabulous location just steps to nature trails, restaurants, shopping. No age restriction. Open House Sun 12 - 1:30 pm (id:48205)

2 Bedroom 2 Bathroom 1060
For sale
$499,999
202 2955 DIAMOND CRESCENT, abbotsford, British Columbia

202 2955 Diamond Crescent

Abbotsford, British Columbia

West Abbotsford! Welcome to the Westwood complex on Diamond Rd. This charming, east facing 2 bed, 2 bath is ready for a new owner. Just steps to shopping, recreation and amenities, this unit is conveniently located! In suite laundry, hot water incl. in maintenance fee, private patio and a dog friendly building are a few other bonuses. Enjoy an open floor plan with lots of natural light coming in off the patio and both bedroom windows. Flexible possession dates, book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 995
For sale Open House
$499,900
304 32044 OLD YALE ROAD, abbotsford, British Columbia

304 32044 Old Yale Road

Abbotsford, British Columbia

Discover the perfect match at Green Gables in Abbotsford! This charming 2-bed, 2-bath condo features a modern open layout, new appliances, and a cozy gas fireplace. Enjoy morning coffees on your private patio and the convenience of a walk-in closet and separate laundry room. With amenities like a guest suite and secured parking, plus a central location near shopping and dining, Green Gables offers comfort and convenience. No age restrictions and rentals allowed. Walk to Starbucks, Pizza-Pizza, KFC, McDonald's, grocery stores, and more. Ample natural light, freshly painted walls, and new flooring add to the appeal. Underground parking and cat-friendly. Bonus: hot water and gas included. Open House By Appointment Only May 18th & 19th 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1103
For sale
$499,900
328 33175 OLD YALE ROAD, abbotsford, British Columbia

328 33175 Old Yale Road

Abbotsford, British Columbia

TOP FLOOR condo with almost 1200 sq ft of living space in Sommerset Ridge! This suite boasts a large kitchen, with new counter tops, white cabinetry and stainless steel appliances. The kitchen is open to the living room with a floor to ceiling stone feature wall and cosy gas fireplace. Easy to convert the den to a nursery or guest bedroom. Insuite laundry and a separate storage unit on the same floor right next door for easy access. Large covered balcony with additional access from the master bedroom. 2 small pets 15"/25lbs OK and families welcome. You'll love the open layout and the peace and quiet that comes with having no units above you! Great Condo, Great Location, Great Price, Call today! Some pics have been virtually edited. (id:48205)

2 Bedroom 2 Bathroom 1171
For sale Open House
$499,900
404 33255 OLD YALE ROAD, abbotsford, British Columbia

404 33255 Old Yale Road

Abbotsford, British Columbia

Welcome to the Brixton! Come check out unit 404 on the Top Floor and featuring two bedrooms, two full bathrooms, vaulted living room ceiling and welcomes one dog under 18" height and a cat. Fantastic Central Abbotsford location! Several amenities are within short walking distance including Sevenoaks Mall, Westoaks Mall, restaurants, groceries, popular Mill Lake, Historic Downtown Abbotsford and much more. You will appreciate this bright home with insuite laundry, electric fireplace, granite kitchen counters and reasonable strata fee. Comes with one underground parking stall and private locker. This one is vacant and ready for you to move-in! (id:48205)

2 Bedroom 2 Bathroom 942
For sale
$499,900
1021 34909 OLD YALE ROAD, abbotsford, British Columbia

1021 34909 Old Yale Road

Abbotsford, British Columbia

Welcome to the Gardens in East Abbotsford! Boasting over 1,000 Sq Ft of living space this upper level end unit townhouse features 2 Bedrooms and 2 Bathrooms. Oversized living room features a gas fireplace and direct access with sliding door to the patio. 2 generous sized bedrooms with the primary bedroom having two closets and ensuite bathroom. Patio access of the primary and plenty of updates throughout. Plenty of storage here with large laundry room as well as an additional den/storage room. 2 parking spots located right outside of the unit. This family friendly complex has plenty of green space as well as an outdoor pool. Terrific location in one of Abbotsford best school catchments: McMillan Elementary, Fraser Middle, and Yale secondary all within walking distance. (id:48205)

2 Bedroom 2 Bathroom 1001
For sale
$499,900
13 2475 EMERSON STREET, abbotsford, British Columbia

13 2475 Emerson Street

Abbotsford, British Columbia

Emerson Park Estates lower unit. Lovely 2 bedroom/2 bath unit - very homey and comfortable. Nice layout with options to have an office in the second bedroom or use the eating area. Bright and sunny with lots of south sun - and when it gets really warm, there are awnings on all the southern windows to keep the heat out! There are gardens around the patio if you choose to be a green thumb! Single garage is deep, allowing for a small work area for hobbies. Attic and crawl space for extra storage. Lots of visitor parking for family visits! Well run park- steps to mall and lake and all sorts of shopping and restaurants. Low strata fees! 55+ no pets (id:48205)

2 Bedroom 2 Bathroom 1240
For sale
$499,888
206 30515 CARDINAL AVENUE, abbotsford, British Columbia

206 30515 Cardinal Avenue

Abbotsford, British Columbia

Welcome to this stunning corner unit boasting 2 bedrooms and 2 bathrooms, spanning over 850 square feet. The spacious master bedroom features a generously sized ensuite, offering both comfort and luxury. Recently renovated, this home showcases an open layout with upgraded flooring, cabinets, paint, and countertops. Conveniently located in the sought-after Tamarind Westside complex, this residence comes with the added bonus of 2 underground parking stalls. Enjoy easy access to all amenities including Highstreet shopping, restaurants, gyms, schools, and major highways (id:48205)

2 Bedroom 2 Bathroom 872
For sale Open House
$499,800
302 2435 CENTER STREET, abbotsford, British Columbia

302 2435 Center Street

Abbotsford, British Columbia

Beautiful bright 3rd floor 2bdrm 2 bathroom family and pet friendly SE corner condo in "Cedar Grove" spacious kitchen with its own eating area, 17 ft. living room w/cozy gas fireplace open to dining room and East facing BBQ deck, secure underground parking w/storage locker. Building has guest suite avail. for extra visitors, workshop area, bike cage & personal storage locker. No age restrictions. Kids & small pets allowed. Come view and be impressed. (id:48205)

2 Bedroom 2 Bathroom 1010
For sale
$499,800
210 30525 CARDINAL AVENUE, abbotsford, British Columbia

210 30525 Cardinal Avenue

Abbotsford, British Columbia

Clean, spacious and bright 2 bedroom 2nd floor condo with 2 parking stalls and storage locker in desirable Tamarind Westside Complex. Conveniently located near Walmart Supercentre, Transit, shopping and all level of schools. Quick access to Fraser Hwy and Highway One. Also Walking distance to High Street and Recreation Centre. Call today for your private showing. (id:48205)

2 Bedroom 2 Bathroom 1026
For sale
$499,800
209 3172 GLADWIN ROAD, abbotsford, British Columbia

209 3172 Gladwin Road

Abbotsford, British Columbia

Welcome home to Regency Park IV. PRICE is what you PAY, VALUE is what you GET. A gated community in the heart of Central Abbotsford. This 1200 sq. ft. unit is located on the second floor and it features 2 bedrooms & a DEN / storage area and 2 FULL bathrooms. With a sizeable PRIMARY bedroom, updated carpets and stainless steel appliances, it's move-in ready. Enjoy fantastic GARDEN views from the balcony. Located within walking distance of shopping and the tranquil Horn Creek Park, it's pet-friendly and offers fantastic amenities like an INDOOR POOL, exercise room, and GUEST suites. (id:48205)

2 Bedroom 2 Bathroom 1161
For sale
$499,700
109 33546 HOLLAND AVENUE, abbotsford, British Columbia

109 33546 Holland Avenue

Abbotsford, British Columbia

Attention Investors, 1st time home buyers or Down sizers. Welcome to the pet & rental friendly Tempo complex in Central Abbotsford. This unit features 2 large opposing bedrooms, 2 full baths, separate laundry and plus a den that's the perfect size for a home office. Your home features laminate flooring, and a large ground floor patio with street side access that's perfect for hosting friends and family. Walking distance to Good Kid Coffee, McDonalds, Starbuck, Social Brown House, UFV, Hwy 1 Exit, Hospital, Gas Stations, Recreation, Pharmacy, Restautants, Shopping, Shcools, Public Transit & much more. (id:48205)

2 Bedroom 2 Bathroom 942
For sale
$499,500
403 32729 GARIBALDI DRIVE, abbotsford, British Columbia

403 32729 Garibaldi Drive

Abbotsford, British Columbia

Gorgeous TOP FLOOR, 1 BED + DEN + 2 BATHS at the coveted GARIBALDI LANE featuring an inside corner unit overlooking the courtyard from the quiet side of the complex. Spacious floor plan boasting a functional kitchen with granite counters and stainless steel appliances. Crown moulding throughout. Soak up plenty of natural light with an abundance of windows and step out on to a great-sized balcony perfect for your morning coffees. Storage is not an issue here, with an oversized utility room PLUS a storage Locker. In the ensuite, you'll find a soaker tub plus a separate stand up shower. There's a convenient powder room perfect for guests. In-suite laundry and a beautiful stonework fireplace. Generously sized primary bedroom with a walk-in closet. Walking distance to transit and all amenities. (id:48205)

1 Bedroom 2 Bathroom 963
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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