Abbotsford
Abbotsford is a city present in British Columbia, adjacent to Fraser River & Greater Vancouver. It is a large rural city in the east of Vancouver in the Fraser Valley. It is popular for cheap gas, farm country & Abbotsford Airshow.
The amazing thing about Abbotsford is that it is more affordable than Vancouver, where a one bedroom would set you back $1950 per month or a two bedroom apartment would cost you $2680 per month. Like the rest of the region of Fraser Valley, the cost of living in Abbotsford is substantially less than that of Greater Vancouver.
The cost of living here is roughly half of Vancouver. The families here live a much better lifestyle even having a low income.
Housing Affordability in Abbotsford
In the next decade, it is aimed by the National Housing Strategy of Abbotsford to remove almost 530,000 families from the housing need, but the chronic homelessness by around 50 percent & Change face of Canada housing for forever.
Currently the households earning approximately $150,000, more actually can afford all types of housing in the city. While the households less than $40,000 per year cannot afford any kind of housing without paying over 30 percent of them before their tax income towards the shelter cost.
Here you can find some examples of affordable houses in Abbotsford. A well constructed two bedroom and two bathroom apartment is available for sale at 1450 MCCALLUM 33 Abbotsford, British Columbia, Canada. The cost of this house is only $549,000. Even more affordable houses are available in the city. A two bedroom and two bathroom apartment is available for sale at 2581 LANGDON Street 107, Abbotsford, British Columbia, Canada. From these prices you can estimate the affordability of houses in Abbotsford.
Real Estate Market Outlook of 2023
Current Abbotsford real estate statistics indicate the average house price in the city is around, $ 1,333,905. Abbotsford has had almost 336 new active listings in the city in the past 28 days. The average median days to sell a house on the real estate market are 22 days.
The most common real estate styles in Abbotsford are townhouses, condominiums & detached houses. If we have a look at the recent real estate prices of these styles and compare them from the prices of the last three months, we can easily have a real estate outlook of 2023 of Abbotsford.
The average price of detached houses was approximately $1.5M three months ago while this year this price has decreased to $1.4M. There is not much difference in price but still it can be a good prediction for coming times. Townhouses are cheaper than detached houses. Their average selling price was $747K three months ago while this year these are available at the average price of $850K. The price has gone up but they are still cheaper than detached Houses. This allows us to predict that house prices will not increase much in 2023 & you can have your own beautiful house in Abbotsford.
