Abbotsford
Abbotsford is situated in British Columbia alongside the United States Border, the Fraser River, and Greater Vancouver. It is a very big city yet it is rural. People who love rural culture prefer to settle in this city of Canada. It is known as a farm country and famous for cheap gas and Abbotsford Airshow. This farm is a source of income for many residents of the city.
Just like the Fraser Valley region the cost of living in Abbotsford is less than that of Great Vancouver. The housing prices in Abbotsford are almost half of that of Vancouver. Those families having low incomes can live a much better lifestyle by buying their own house in Abbotsford.
Market Condition of Abbotsford
The real estate market of Fraser Valley is expected to continue as a market of sellers this year. This valley has shown a rise in move-up buyers migrating from Vancouver as many of the buyers are looking up large properties at acceptable rates outside the city.
The average asking house price in Fraser Valley has increased about 6.9 percent to almost $701,031 in the previous year as compared to that of $656,057 in 2019. In 2021 the real estate market of the city increased up to 2 percent to almost $715, 051.62.
The average home prices in British Columbia are forecast to rise by 17 percent in 2021, this rate in increment of prices in 2022 will particularly moderate to almost 3 percent, with the composition of house sales changing because of normalizing demand for single-family houses and also the readjustment in the available listing.
Is the housing market of Abbotsford affordable?
The housing market of Abbotsford is very affordable. The city has 142 housing properties for sale and 138 housing properties available for rent. Median house prices from last year range from $1,277K for the homes to $ 629K for the units.
The summary of the cost of living in Abbotsford is that a family of four individuals has an almost monthly cost of $3248. This city is 27.39 percent less costly than New York. The utility costs in the city are also very affordable. You can find employment easily in Abbotsford. So if you are thinking of settling in Abbotsford then you have made a great decision.
Houses range from $100k to $300k for sale in Abbotsford
You can buy a number of houses in the range between $100 to $300. In this range, you can purchase houses in a very good location as well as with all the basic facilities. You can meet with any real estate agent and can be the owner of a house in Abbotsford.
Among these single-family houses are most common. One of which is available at 33956 ESSENDENE AVENUE 309, Abbotsford, British Columbia. It is one bed and one-bath single-family apartment. It has a total covering area of 809 sq.ft. The cost of this apartment is just $ 285,000. You can find many such houses in the city.
Abbotsford Townhouses For Sale
