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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
$1,829,999
E 3436 HEADWATER PLACE, abbotsford, British Columbia

E 3436 Headwater Place

Abbotsford, British Columbia

Welcome to one of West Abbotsford's most desirable area. This beautifully constructed 4800sqft home sits on a massive 7000+ sqft lot. A very open concept home with a modern touch. The main floor offers 10' ceilings with crown moulding finishing, a very spacious kitchen with a 7' x 5' island, spice kitchen, gas and electric fireplace, stainless steel appliances, powder room, and a large bedroom on the main. With 4 bedrooms upstairs and 3 downstairs, this home has all the space you need. Master bedroom has a gorgeous mountain view off its very own patio, and an amazing ensuite with a jacuzzi. Enjoy your private backyard, and a covered patio with a natural gas bbq connection. Double garage with a massive 6 car driveway. (id:48205)

7 Bedroom 6 Bathroom 4798
For sale
$1,829,000
2677 EAGLE PEAK DRIVE, abbotsford, British Columbia

2677 Eagle Peak Drive

Abbotsford, British Columbia

Step into your new executive home on Eagle Mountain! The living room welcomes you with vaulted ceilings and a warm gas fireplace, perfect for cozy evenings. Designed for entertainers, the kitchen features an Italian gas range and an oversized island. The dining room leads to a covered patio overlooking your private backyard. The serene master bedroom with its luxurious ensuite is located on the main floor. Upstairs, two spacious bedrooms are connected by a jack-and-jill bathroom. The bright basement offers endless possibilities, ideal for a game room complete with a wet bar. Two additional bedrooms and a versatile third room provide ample space in the basement. Only a 7-minute walk to Eagle Mountain park, tennis courts, and Irene Keller Elementary School. Don't miss out on this one! (id:48205)

5 Bedroom 4 Bathroom 4356
For sale
$1,800,000
32246 GRANITE AVENUE, abbotsford, British Columbia

32246 Granite Avenue

Abbotsford, British Columbia

Centrally located, there is significant development potential with many amenities nearby, including bus stops, gas stations, a recreation centre, the public library, a gym, schools, and more. Spacious lot, approx. 8,200 sqft. Must be sold as a package with neighbouring property (32236 Granite Avenue, approx. 8,060 sqft.) for a total of approx-16,260 sqft lot area. Zoning allows up to about 40 units. (id:48205)

5 Bedroom 2 Bathroom 2220
For sale
$1,800,000
32236 GRANITE AVENUE, abbotsford, British Columbia

32236 Granite Avenue

Abbotsford, British Columbia

Centrally located, there is significant development potential with many amenities nearby, including bus stops, gas stations, a recreation centre, the public library, a gym, and more. Spacious lot, approx. 8,200 sqft. Must be sold as a package with neighbouring property (32246 Granite Avenue, approx. 8,060 sqft.) for a total of approx-16,260 sqft lot area. Zoning allows up to about 40 units. (id:48205)

3 Bedroom 2 Bathroom 2180
For sale
$1,799,000
2949 FLAGMAN PLACE, abbotsford, British Columbia

2949 Flagman Place

Abbotsford, British Columbia

Situated in Aberdeen, this home is ideal for those in search of comfort and convenience. With its charming appeal, the residence offers a generous interior boasting 7 bedrooms and 4 bathrooms, includes a 3 bedrooms suite, providing ample space for both relaxation and entertainment. Luxurious touches such as high ceilings, large windows, and elegant finishes elevate the ambiance. The kitchen is outfitted with sleek appliances and luxurious finishes. Enjoy a large back yard and ample space for parking. Conveniently located, it provides easy access to major highways, including Fraser highway, Highway 1, and 16th Ave. Don't let this opportunity pass you by! (id:48205)

6 Bedroom 4 Bathroom 4126
For sale
$1,799,000
2740 MONTANA PLACE, abbotsford, British Columbia

2740 Montana Place

Abbotsford, British Columbia

Brand NEW house on Eagle Mountain, close to parks, trails, creeks, downtown Abbotsford. A new elementary school is scheduled to open September 2022. This custom built home features an open concept plan with high ceilings. spacious open concept main floor with living and dining plus work from home office. Chef like kitchen & spice kitchen includes high end SS appliances, fridge quartz counters & island all in designer colors. Pantry, family room with rear covered deck. A great space for entertaining and family gatherings. Second floor features 4 bedrooms. Beautiful master bedroom has a large walk in closet and spa like bathroom. The basement has a great room, plus 2-bedrooms legal suite. Call to schedule a showing! (id:48205)

6 Bedroom 6 Bathroom 4754
For sale
$1,799,000
5302 GLENMORE ROAD, abbotsford, British Columbia

5302 Glenmore Road

Abbotsford, British Columbia

Your little piece of seclusion awaits you here. Yet you are minutes from all the amenities you could need. This original 3 bedroom / 2 bath rancher is ready for a new family to create loving memories. The 1.95 acre parcel is within the ALR. Your 1184 sq. ft. detached garage/shop is complete with 2 storage rooms and a 23'1 x 14'10 workshop space. Call today to view this unique property. (id:48205)

3 Bedroom 2 Bathroom 1492
For sale
$1,799,000
33918 GEORGE FERGUSON WAY, abbotsford, British Columbia

33918 George Ferguson Way

Abbotsford, British Columbia

Investment opportunity in downtown Abbotsford! This project features plans for 17 rental units: 9 one-bedroom, 4 studios, and 4 two-bedroom apartments. Strategically located near schools and Superstore. Ideal for investors eyeing Abbotsford's rental market. This property promises lucrative returns with its diverse unit offerings. The one-bedroom units offer spacious living areas, while the studios provide cozy accommodations. Families and professionals will appreciate the comfortable two-bedroom apartments. Located within walking distance to schools, tenants enjoy easy access to educational facilities. Don't miss out on this chance to capitalize on Abbotsford's thriving rental market. Contact us today for more information on this exciting investment opportunity! (id:48205)

5 Bedroom 3 Bathroom 2756
For sale
$1,798,000
35349 GINGERHILLS DRIVE, abbotsford, British Columbia

35349 Gingerhills Drive

Abbotsford, British Columbia

Eagle Mtn. ultimate family home. Spacious and welcoming foyer will lead to many features including beautiful millwork, hardwood flooring, 9 ft. ceilings, windows that provide beautiful natural light. You will be amazed at the custom chef's kitchen complete with Thermidor Fridge, Gas Stove and Steam oven. The spacious island and picture windows show off the pristine backyard. Upstairs you will find a welcoming primary bedroom, luxurious ensuite and walk in closet with built in cabinetray and two additional bedrooms. The floor below the main allows for many options for recreation, music, bedroom and easy access to the triple car garage (one of the bays currently used as workshop, please see floorplan). This home provides wonderful ambience. School just down the hill. (id:48205)

4 Bedroom 4 Bathroom 4089
For sale
$1,790,000
32270 GRANITE AVENUE, abbotsford, British Columbia

32270 Granite Avenue

Abbotsford, British Columbia

Centrally located home on a quiet street with great tenant managed by rental professions. Both up and down kitchens has gas stove and s/s appliances, updated bathroom in 2017, 2 separate laundries. Newer furnace, (Heat Pump with air conditioning) and 80 gal. hot water tank. Newer Roof: vinyl windows. Laminate flooring throughout. Huge workshop/crafts room/storage off garage. Fully fenced back yard with a vegetable garden, sundeck off the dining room. Huge potential for future development as the OCP calls for higher density housing. Invest today and join the neighbor for a potential land assembly in future. (id:48205)

5 Bedroom 2 Bathroom 2200
For sale
$1,788,000
4453 EMILY CARR PLACE, abbotsford, British Columbia

4453 Emily Carr Place

Abbotsford, British Columbia

A CONTEMPORARY MASTERPIECE OF UNRIVALLED PERFECTION! A VERY RARE OPPORTUNITY TO OWN ONE OF THE FINEST CUSTOM BUILT STREET OF DREAMS LIKE HOMES IN AUGUSTON! NO EXPENSE HAS BEEN SPARED WITH THIS CUSTOM DESIGN & DETAILS! THIS 4101 SQ FT EXECUTIVE A/C home BOASTS 6 BEDROOMS & DEN (3 with ENSUITES) 5 BATHROOMS & SITS ON A BEAUTIFUL PRIVATE GREENBELT FENCED FLAT LOT WITH A WONDERFUL FAMILY FRIENDLY CULDESAC! THIS CAPTIVATING home flows the moment you enter, EXQUISITE CUSTOM FINISHINGS THROUGHOUT, FEATURING STUNNING 20 FT CEILINGS, DOUBLE OVERSIZE WINDOWS, AN EXCEPTIONAL MASSIVE CHEFS KITCHEN, HUGE ISLAND, THAT SEAMLESSLY FLOWS to your SPECTACULAR GREAT ROOM. A BONUS CUSTOM 1455 SQ FT 2 BED INLAW SUITE, WITH 2ND LAUNDRY COMPLETE THIS GORGEOUS CUSTOM HOME. MUST BE SEEN IN PERSON TO TRULY APPRECIATE! (id:48205)

6 Bedroom 5 Bathroom 4101
For sale Open House
$1,779,000
36364 LOWER SUMAS MOUNTAIN ROAD, abbotsford, British Columbia

36364 Lower Sumas Mountain Road

Abbotsford, British Columbia

Big VIEW, Legal suite! This luxury rancher w/ full bsmt is almost entirely surrounded by trees with an outstanding view of Mt. Baker. Siding a greenbelt, this homes open concept main floor has an office or formal dining room, stunning primary bdrm & laundry. Enjoy the View year round from your vaulted, covered patio. The kitchen is decked out with wall mounted oven, gas range, and a huge island. Downstairs you'll find extra tall ceilings, a large bunker w/ outside access ready to be made into a gym, media room, or workshop. There's even a spacious 2 bdrm Legal Suite with separate laundry, giant patio and huge windows, perfect for rental or generational living. Enjoy the central AC, low maintenance yard and RV Parking. Close to all major amenities, this quality built home will impress. (id:48205)

4 Bedroom 4 Bathroom 4305
For sale Open House
$1,750,000
13 29605 MCTAVISH ROAD, abbotsford, British Columbia

13 29605 Mctavish Road

Abbotsford, British Columbia

This inviting home sits on a sprawling 4.47 acres of ALR land, presenting a unique canvas ready for your ideas. Whether you envision an expansive garden, or a boutique agricultural venture, the possibilities are as limitless as your imagination. The property's significant acreage offers ample room for a variety of outdoor activities, projects or additional buildings. It can qualify for farm status as well. The house itself provides a warm, welcoming base with its cozy interiors, spacious kitchen, and multiple living areas. The large windows throughout the home ensure that every room is filled with natural light and serene views of the vast, green surroundings. Perfect for those looking to combine their creative vision with a life close to nature, this property not only supports a lifestyle of peace and privacy but also keeps you close to the city. This property has too many features to list, call for more details. (id:48205)

3 Bedroom 2 Bathroom 2935
For sale
$1,750,000
2591 ZURICH DRIVE, abbotsford, British Columbia

2591 Zurich Drive

Abbotsford, British Columbia

Extremely unique property boasts THREE full suites w/private decks that spans the entire width of the home. MOST spectacular VIEWS of the ENTIRE Valley! Main flr; 2bdrms+den, spacious vaulted ceiling's, bright, updated open kit & liv spaces. 2nd flr; 3bdrms, lrg newer white kit w/expansive sit-up bar, easy to make separate. 3rd flr; 2bdrm suite w/separate entrance. STORAGE galore! FOUR bunkers+2sheds. Over-sized dble grge w/pull thru driveway (the best!), rm for RV, trucks & all the toys. Located at the top of the mountain, private, quiet, yet minutes from all shopping, freeway, restaurants.Schl catchmt; McMillian Elm, Fraser & Yale. Truly "above the clouds" in this home. Well maintained! Check w/city re:possible subdiving. Room for everyone AND mortgage helper,come check it out! (id:48205)

7 Bedroom 6 Bathroom 5933
For sale
$1,728,000
34021 PRATT CRESCENT, abbotsford, British Columbia

34021 Pratt Crescent

Abbotsford, British Columbia

Here's your chance to have your Dream Home in Central Abbotsford. Certified Builder, 2-5-10 Pacific Home Warranty. The Beautiful "Farm House' inspired home is being built with top quality finishing and craftsmanship. Featuring: 7 bdrms, 6 full bathrooms. Master bdrm with 5 pce ensuite, huge W/I closet, 2nd Master Bdrm with 4 pce ensuite, Gourmet kitchen w/ huge island, built-in custom nook/eating area, deck off main flr great for summer Bbq's. Large media room in the bsmt w/full wet bar & wine storage room. 2 Bedroom Legal Suite for extra mortgage help, in-suite laundry, and private entrance. Green belt and private backyard. No-thru road, great for the kids to play, up coming and Great Neighborhood with New Built Homes. Nearby all amenities. (id:48205)

7 Bedroom 6 Bathroom 4158
For sale
$1,717,000
2826 MAPLE STREET, abbotsford, British Columbia

2826 Maple Street

Abbotsford, British Columbia

CALLING INVESTORS! 101' frontage! The city of Abbotsford would support rezoning .PLAN ALREADY IN PROCESS IN CITY FOR 4,280 SQFT LOT which allowes legal basement AND 1 DUPLEX LOT. POTENTIAL FOR FOURPLEX CONFIRM WITH CITY.OFFERED DUPLEX LOT FOR $1,000,000 AND SINGLE LOT FOR $717,000. (id:48205)

4 Bedroom 2 Bathroom 1880
For sale
$1,700,000
2541 RAILCAR CRESCENT, abbotsford, British Columbia

2541 Railcar Crescent

Abbotsford, British Columbia

This gorgeous 2 story home with a fully finished basement in West Abbotsford is absolutely amazing. It must be seen to appreciate. This is a 7-bedroom 6 full bathroom home with a high-end main & spice kitchen. The main floor features a formal living, dining and family room, 2 master suites,2 gas fireplaces, central air, a laminate floor and quality tile work. 2-bedroom legal suite, separate laundry plus a rec room and full bathroom for the main floor use. Excellent neighborhood to raise your family, and back onto the field for additional privacy. Convenient location, easy access to highway and other amenities. Fenced backyard perfect for entertaining family and friends. Excellent home for an extended family or rental suite income. (id:48205)

7 Bedroom 6 Bathroom 3981
For sale
$1,700,000
1118 MARION ROAD, abbotsford, British Columbia

1118 Marion Road

Abbotsford, British Columbia

Discover a rare opportunity to own a charming rancher nestled on a 2.5 acres of serene Fraser Valley Land, just a short 10-minute drive from Yarrow and the #1 Highway. This meticulously maintained property features a cozy 2-bedroom, 1-bathroom home, offering comfortable living spaces. The centerpiece of this estate is its expansive shop, boasting over 4500 sqft of versatile space ready to accommodate various uses. Upgraded with commercial natural gas and featuring 1000 AMP service. Additionally, enjoy peace of mind with backup generators for the shop and home, ensuring uninterrupted functionality. Additional 40 x 24 workshop, container storage, well for irrigation and fully fenced and treed for privacy. Call for full list of details. (id:48205)

2 Bedroom 1 Bathroom 894
For sale
$1,700,000
36478 FLORENCE DRIVE, abbotsford, British Columbia

36478 Florence Drive

Abbotsford, British Columbia

Amazing Mt Baker & Valley View! Immaculate bright 3584 sqft 5 bedrm 4 bathrm Exec. home is an entertainer's delight. Entry opens to X/L 18ft Livingrm (super sized windows, extra tall ceilings & a cozy gas fireplace) 15ft chef's kitchen features solid surface counter, tons of cabinets, roller shelves, bar stool island & Stainless appliances. Dining area with spectacular view & access to 40ft entertainment/bbq deck. 2 bedrms & 2 bathrms up-15ft Master suite with 5pc ensuite plus X/L walk in closet. LOWER LEVEL (easy to suite) features tall ceilings, over sized windows (& same amazing Mt Baker/Valley View) 17 ft familyroom (with wet bar & fireplace + access to 2nd 40+ft deck) & 3 Extra large bedrms, 2 bathrms, 20 ft media room/ man cave. Below is a 44 ft crawl space (5'10' high) great for storage (not included in sq footage) Easy access to Hwy1 & shopping. Look no further - this East Abbotford home is in move-in condition & quick possession is possible. Call your agent for a private showing today. No open house. (id:48205)

5 Bedroom 4 Bathroom 3584
For sale Open House
$1,699,900
35732 ZANATTA PLACE, abbotsford, British Columbia

35732 Zanatta Place

Abbotsford, British Columbia

Welcome to your dream home in East Abbotsford! This custom-built masterpiece exudes character and charm, showcasing mesmerizing views of the surrounding mountains, including the majestic Mt. Baker. Wake up to breathtaking sunrises and unwind with picturesque sunsets from your own windows. Bathed in natural light, the open concept layout boasts vaulted ceilings and oversized windows in the spacious living room and kitchen. Fully equipped for cinematic entertainment, the home features a wired home theater. Revel in the convenience of a vast walk-in pantry and retreat to the opulent master suite with a luxurious washroom and closet. Situated in a very quiet complex near Delair Park, enjoy easy access to Highway 1, schools, and amenities. Come see for yourself! (id:48205)

4 Bedroom 5 Bathroom 3574
For sale
$1,699,000
2105 MIRUS DRIVE, abbotsford, British Columbia

2105 Mirus Drive

Abbotsford, British Columbia

Location! Location! And the best house in the best area! 5 bedrooms total. Fabulous friendly open floor plan just ready to move into. Concrete fireplace with ample heat for the main floor. Master suite has shower with double faucets / heated floors in the ensuite and laundry area. Lower level has enough room for a grand piano and pool table plus 2 bedrooms. There is an outside entrance leading to a park like backyard with lit walkways. This fabulous home is situated at the end of a cul de sac and sides onto protected green space. Oversized double garage (22x24) with built in cupboards. Loads of outside parking for 6 vehicles and just a few blocks to all levels of highly rated schools. (id:48205)

5 Bedroom 3 Bathroom 3734
For sale
$1,699,000
2600 TERMINAL COURT, abbotsford, British Columbia

2600 Terminal Court

Abbotsford, British Columbia

Your search for new 3 STOREY HOME stops here! Beautiful custom built home in NEW SUBDIVISION. High end Finishing. Enjoy your Privacy with Green belt at the back on huge decks on main and upper floor. MAIN Floor has Living and family areas with 2 KITCHENS, OFFICE, FULL BATHROOM, LAUNDARY And UPPER FLOOR has 3 BEDROOMS with 2 Full Bath (Potential for 4th room). BASEMENT Floor has 2 ROOM LEGAL BASEMENT SUITE AS MORTGAGE HELPER, with another 1 room suite with separate entry and a Theatre room. Walk in distance from Freshco, Starbucks, Subway, Gas stations and Swensson park. Do not miss your chance to grab this opportunity to call this your home. Call to book your private appointment today . (id:48205)

6 Bedroom 5 Bathroom 4271
For sale
$1,699,000
1741 KEATS STREET, abbotsford, British Columbia

1741 Keats Street

Abbotsford, British Columbia

Welcome Home to the heart of Abbotsford Located in poplar area this beautifully built 3 level air condition home features two fully finished 2+1 basement suites rented out $2800 . Sitting on a 4688 sq/ft lot this approx 3608 sq/ft home features 7 bedrooms and 6 bathrooms huge cover deck.DON'T WAIT CALL TODAY BEFORE IT'S GONE!!!!! (id:48205)

7 Bedroom 6 Bathroom 3608
For sale
$1,699,000
2936 PALM CRESCENT, abbotsford, British Columbia

2936 Palm Crescent

Abbotsford, British Columbia

Builders and Developers! Four lot subdivision is underway received PLA. Currently rented out for 3400 a month makes this a perfect holding property until you are ready to build. Rezoning to 4 RS7-i lots with an FSR of .5. Located on a quiet street with parks all around, this is an incredible opportunity to capitalize on Abbotsford's growing landscape. Call today. (id:48205)

6 Bedroom 3 Bathroom 2450
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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