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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
$1,599,900
27625 RAILCAR CRESCENT, abbotsford, British Columbia

27625 Railcar Crescent

Abbotsford, British Columbia

CUSTOM BUILT 2 STOREY HOUSE ON CORNER LOT. This beauty features 6 bedrooms, 5 washrooms. Main floor features elegant living room with high ceiling & gas fireplace. Huge dining room, spacious family room to relax, chefs main kitchen. Upstairs features 4 spacious bedrooms and 3 full washrooms. Main floor has 2 bedroom spacious basement suite with own laundry. Other features include corner lot, wide garage w extra parking, fenced backyard & huge patio from master bedroom for summer enjoyment, A/C for hot summer days, plenty of natural light. Balance of 2-5-10 warranty. (id:48205)

6 Bedroom 5 Bathroom 2921
For sale
$1,599,900
1559 WHATCOM ROAD, abbotsford, British Columbia

1559 Whatcom Road

Abbotsford, British Columbia

Great opportunity for investors and business/truckers. 1 acre lot features a 2 storey home with great views and privacy and 720 square feet heated shop. Main floor offers a large living, kitchen, dining/eating area. Bottom floor has very spacious family and flex rooms. Lots of open parking in front with a double and a single garage and room to park your RV. Located close to freeway for easy access. Close to schools, shopping and recreation centres. (id:48205)

4 Bedroom 3 Bathroom 2665
For sale Open House
$1,599,000
35332 MCKINLEY DRIVE, abbotsford, British Columbia

35332 Mckinley Drive

Abbotsford, British Columbia

Discover this Sandy Hill gem - a stunning 3805 sq.ft. two-story custom home, featuring a finished legal basement suite. This 4-bedroom haven includes a main floor den, an expansive patio with a hot tub, and breathtaking mountain and valley views. Enjoy the comfort of 3 gas fireplaces and the exquisite attention to detail throughout. Located in the coveted Sandy Hill area, this home offers convenience and luxury. The design merges indoor and outdoor living, maximizing the scenic surroundings. The true star of this home is the spectacular view that takes center stage, effortlessly complemented by the property's casual elegance. Seize this exceptional opportunity to reside in a coveted neighbourhood Claim this dream home as your own sanctuary today! (id:48205)

7 Bedroom 4 Bathroom 3806
For sale Open House
$1,588,800
2371 BEDFORD PLACE, abbotsford, British Columbia

2371 Bedford Place

Abbotsford, British Columbia

Welcome to your dream home! This stunning property marks its debut on the market, boasting a custom-built spec home by its sole owner. With over 3750 sqft of luxurious living space situated on a generous 9000+ sqft lot, this residence offers ample space and privacy. A lengthy driveway leads you to your sanctuary, where you'll discover a suite with rental potential, ideal for supplemental income. Inside, revel in the expansive, airy rooms and a convenient spice kitchen for culinary enthusiasts. Upstairs, find five bedrooms, perfect for accommodating family and guests. Positioned in a highly sought-after, central location, enjoy easy access to shopping, recreational facilities, highways, and schools. Don't miss this opportunity to own a piece of paradise! Call today for your private showing. (id:48205)

7 Bedroom 5 Bathroom 3769
For sale
$1,588,000
2750 BRISTOL DRIVE, abbotsford, British Columbia

2750 Bristol Drive

Abbotsford, British Columbia

One of the most prestigious neighbourhoods, The Quarry! This quality custom built 2012 home boasts just under 3000 sqft of living space and is in immaculate condition. One of the few homes in the neighbourhood featuring 5 bedrooms plus office and 4.5 bathrooms. Open concept main floor living area with high ceilings that leads you right out to your covered patio and spacious fenced flat backyard. Throughout the house you will find granite counters, hardwood floors, lots of storage, brown maple cabinets & stainless-steel appliances. Legal 2-bedroom/2-bathroom suite with separate laundry and entrance (one bed./one bath rented). There are 8 parking spots: 2 in the garage, 4 on the front driveway and 2 reserved for tenants on the back lane- on the property. (id:48205)

5 Bedroom 5 Bathroom 2709
For sale Open House
$1,585,000
35942 MARSHALL ROAD, abbotsford, British Columbia

35942 Marshall Road

Abbotsford, British Columbia

Nestled in East Abbotsford, this stunning home boasts 4 bedrooms and 3 bathrooms in the main house (1 Bedroom and full bath on main floor). The house also have two separate 2 bedroom basement suites rented for $3250 per month. With 4432 sq. ft. of living space on a 7283 sq. ft. lot and a double car garage, it offers ample space and convenience. Inside, an open-concept layout and high-end finishes create an inviting atmosphere, while outside, a beautiful backyard features a huge patio and hot tub with amazing views of mountains & farms. Conveniently located near schools, shopping, parks, and Hwy 1, it's the epitome of luxurious living with breathtaking views. Open House Sunday April 21, 2024 1-3 PM. (id:48205)

8 Bedroom 5 Bathroom 4432
For sale
$1,574,999
2153 EBONY STREET, abbotsford, British Columbia

2153 Ebony Street

Abbotsford, British Columbia

Custom built in 2015 a beautifully designed home in central Abbotsford. This home awaits your family with five bedrooms, five bathrooms, theatre room, legal two bedroom suite mortgage helper, beautiful kitchen and a covered patio looking out into your private backyard. Very bright, open concept living room and family room with 12 ft ceilings and 18 ft ceilings in the main entry way. High end floors throughout, plenty of natural light with many larger windows, URC home automation control system to control all your electronic devices, built in ceiling speakers throughout the home and surround sound system in the theatre room. Close to all amenities and close to all levels of Schools. Home is like NEW.... (id:48205)

5 Bedroom 5 Bathroom 3689
For sale
$1,550,000
201 MCCALLUM ROAD, abbotsford, British Columbia

201 Mccallum Road

Abbotsford, British Columbia

THE MOST UNIQUE PROPERTY IN ABBOTSFORD! Entertain in stunning wine room with amazing ambiance & exquisite chandeliers. Have a glass wine or cup a coffee & enjoy Mt. Baker views on deck! .609 Acre property is your very own slice of paradise. 2020 built 908 sq/ft 2 bed home w/ amazing attached 960 sq/ft shop/garage boasting. Quality finishes throughout including Bertazzonni gas range & canopy hood fan, central A/C. Situated on desirable no thru street in the BEST location, mins to all amenities & Hwy. BONUS - Potential build your dream home at back of the property. Save $$ Septic System & Conceptual Plans are ready for the new home! Features - City Water, Board of Variance - reduced setback & A.L.C. Exemption Letter. OUT OF FLOODPLAIN! Bring your creative offer, vendor financing available. (id:48205)

2 Bedroom 2 Bathroom 908
For sale Open House
$1,549,999
5 3504 BASSANO TERRACE, abbotsford, British Columbia

5 3504 Bassano Terrace

Abbotsford, British Columbia

Rarely seen... The Highlands. Perched atop the rolling hills of East Abbotsford, The Highlands offers unparalleled panoramic views of the majestic Matsqui and Fraser River Valley, captivating its guests and residents with its breathtaking views. 5 3504 Bassano Terrace has with four levels of balcony views, offers 6 bedrooms plus den in the main living space, along with a generous walk in closet and an ensuite bathroom complete with a shower and soaker tub, every detail has been meticulously crafted for your comfort and enjoyment such as the theatre/media room and large family kitchen. With a legal 1-bedroom suite and space for a multigenerational family within the main home. Parking is a breeze with a double car garage, four spaces on the drive way and two in the laneway providing ample space for your vehicles. Don't miss out on the opportunity to make this your next home. (id:48205)

7 Bedroom 5 Bathroom 4802
For sale
$1,549,900
31701 UPLAND CRESCENT, abbotsford, British Columbia

31701 Upland Crescent

Abbotsford, British Columbia

Check out this brand-new single-family home in West Abbotsford. This 3140 sq.ft home offers Spacious 4-Beds upstairs and 1-Bedroom on main and 2 bedroom in basement suite Great Mortgage helper. Located in the heart of west Abbotsford, with walking distance to all levels of schools, shopping and Walk to Fish Trap Creek Park. (id:48205)

7 Bedroom 5 Bathroom 3140
For sale Open House
$1,549,000
2552 CABOOSE PLACE, abbotsford, British Columbia

2552 Caboose Place

Abbotsford, British Columbia

Crafted with precision back in 2015 come check out this beautiful home in Aldergrove BC in a quiet family friendly neighborhood. This home features 8 bedrooms and 6 bathrooms along with 3 ensuites upstairs. It has 2 primary bedrooms along with spice kitchen, 2 balconies and lots of space to wind down and relax. Seller has taken amazing care of the home and is in fantastic condition. This home also features massive amounts rental income. This home is near the rec centre that has outdoor pool and is near all levels of school. Exterior freshly painted including the deck and AC was installed 2 years ago. (id:48205)

8 Bedroom 6 Bathroom 3861
For sale
$1,549,000
33533 CANNON AVENUE, abbotsford, British Columbia

33533 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

For sale
$1,549,000
33541 CANNON AVENUE, abbotsford, British Columbia

33541 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties, totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy.1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

For sale
$1,549,000
33551 CANNON AVENUE, abbotsford, British Columbia

33551 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

For sale
$1,549,000
33551 CANNON AVENUE, abbotsford, British Columbia

33551 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

3 Bedroom 2 Bathroom 1227
For sale
$1,549,000
33541 CANNON AVENUE, abbotsford, British Columbia

33541 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties, totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy.1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

3 Bedroom 1 Bathroom 1906
For sale
$1,549,000
33533 CANNON AVENUE, abbotsford, British Columbia

33533 Cannon Avenue

Abbotsford, British Columbia

LAND ASSEMBLY - A Unique opportunity to acquire a development site consisting of 3 adjacent single-family homes located at 33533, 33541 & 33551 Cannon Avenue! By assembling these three properties totaling 23,915 (180 frontage by 134) you can unlock their combined potential for a larger development project. No easements or creeks, flat land, ready and prefect for development. This development site is conveniently located in Central Abbotsford within close proximity to the new Montrose bus exchange (TOA Density), all levels of schools, numerous parks, restaurants, Abbotsford Regional Hospital & Cancer Center, McCallum Junction, recreation, public transit & Hwy. 1, making it an ideal location! Bring your vision to life, contact us now to obtain an information package and schedule a showing. (id:48205)

3 Bedroom 1 Bathroom 1956
For sale
$1,549,000
35437 JADE DRIVE, abbotsford, British Columbia

35437 Jade Drive

Abbotsford, British Columbia

Welcome to Jade Drive, Eagle Mountain's most sought after streets! This elegant home offers traditional living. 4 bedroom (possible 5) and 3 full baths, private walk-out patio off the expansive maple kitchen. This well built home backs on to a maintenance free private backyard. Bring your ideas to the fully finished basement. It already boasts a bedroom, a large rec room with 4 piece bathroom plus a den. Full A/C. Oversize garage and composite tile roof. 2 mins walking distance to new elementary school. Making it a perfect affordable and truly remarkable living home for families! (id:48205)

4 Bedroom 3 Bathroom 3036
For sale Open House
$1,548,000
3037 GLENDALE PLACE, abbotsford, British Columbia

3037 Glendale Place

Abbotsford, British Columbia

Welcome to your DREAM HOME nestled in the serene enclave of a quiet cul-de-sac in East Abbotsford! Stunning residence boasts a meticulously crafted BRAND NEW KITCHEN, perfect for entertaining with its open concept layout and abundant natural light streaming in through the expansive windows. Enjoy the comfort of central AC and a heat pump, along with the convenience of a NEW HOT WATER TANK and UPDATED BATHROOMS including a luxurious ensuite in the master. Step outside to your own private oasis on the gorgeous COVERED DECK, with BBQ gas hookup and views of the picturesque hillside. Potential for an in-law suite or 1bed +flex RENTAL SUITE , this home offers endless possibilities.TONS of updates Don't miss the chance to make this your forever home! OPEN HOUSE Sat/Sun May 18/19 from 2 to 4. (id:48205)

4 Bedroom 4 Bathroom 3224
For sale
$1,530,000
2975 WHISTLE DRIVE, abbotsford, British Columbia

2975 Whistle Drive

Abbotsford, British Columbia

RARE FIND IN ABERDEEN! This 6 bedroom home has the an amazing and functional layout. The main floor includes a Den, large Kitchen with ample storage space, Nook, formal Dining Room and two separate Living/Family Rooms. The main floor walks out to your west facing backyard that features a covered area, hot tub, fountain and garden shed. Upstairs there are 4 Bedrooms including a large Primary Bedroom with separate sitting area, Walk-in closet and great Ensuite. Down below there is a mortgage helper that can be 2 or 3 bedroom or used as a Rec room. Great location in a top notch neighbourhood, close to transit and parks and don't forget the RV parking. Don't miss it. (id:48205)

6 Bedroom 4 Bathroom 3827
For sale
$1,524,900
3520 APPLEWOOD DRIVE, abbotsford, British Columbia

3520 Applewood Drive

Abbotsford, British Columbia

Welcome to The Highlands! This stunning home features 5 bed/4 bath, perfect for the whole family! The open concept main floor features a gas f/p, dining room with VAULTED CEILING & WOOD BEAMS, a beautiful kitchen with island & pantry and walls of windows to capture the BREATHTAKING VIEWS. The primary suite is a retreat with a sitting area, walk-in closet & SPA-like bath. A second living room boasts COFFERED CEILINGS, gas f/p, and lots of natural light. Step outside to your large patio with a vaulted roof, CUSTOM wood beams, and a fan for all-season enjoyment. The MANICURED YARD features a sprinkler system, landscape lighting, water feature and NEW stamped concrete patio (2023). Additional features include a LEGAL 2-bed daylight SUITE with patio, A/C, storage bunker and more! Call today! (id:48205)

5 Bedroom 4 Bathroom 3227
For sale Open House
$1,500,000
32120 BALFOUR DRIVE, abbotsford, British Columbia

32120 Balfour Drive

Abbotsford, British Columbia

Fairfield Estates. 2 story with basement home. This home features 3 bedroom upstairs along with 2 washrooms. Huge walk-in closet off upstairs master.Den,family room, living room and powder room on main floor This home also features some renovations which include the kitchen, washrooms, central A/C. Bonus with full basement which has separate entry.This home is just minutes away from all levels of school a Recreation centre, park, shopping and Rotary stadium.Come check out this (id:48205)

7 Bedroom 4 Bathroom 3327
For sale
$1,499,999
34107 ALMA STREET, abbotsford, British Columbia

34107 Alma Street

Abbotsford, British Columbia

Investors Alert!! Welcome to your spacious single-family home in the heart of Central Abbotsford! Situated on an expansive lot spanning nearly 9800 square feet, this property offers ample space and potential. With 6 bedrooms, 2 bathrooms, and a large sun deck, it's perfect for families seeking room to grow and entertain. Conveniently located within walking distance to schools, transit, and amenities, everything you need is just steps away. Plus, being in a development area means the potential to build multiple homes (Check with City). Fantastic opportunity for investors or those looking to expand. Basement suite providing a mortgage helper, this home offers both versatility and financial flexibility. Don't miss out on this incredible deal. Call us today to seize this opportunity! (id:48205)

6 Bedroom 2 Bathroom 2227
For sale
$1,499,999
2498 STANLEY STREET, abbotsford, British Columbia

2498 Stanley Street

Abbotsford, British Columbia

Commercial/Residential Development property in West Abbotsford! Potential to subdivide into a mid-rise condo site, row-homes, townhouse, or rezone to mixed use commercial site. With a 70 frontage it is perfect for a developer/investor or as a holding property. Don't miss this great opportunity! (id:48205)

3 Bedroom 2 Bathroom 2200
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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