Abbotsford
Abbotsford has a population of approximately 141,397 individuals and that’s why Abbotsford is the largest municipality outside Metro Vancouver in the province.
Real Estate Outlook for 2020:
As of 15th October, 2020, Abbotsford has 187 properties for sale, with an average price of $1,093,670. In the previous month the 15 properties were sold, for 08 above list price and 04 below the list price. Abbotsford city is one of the fastest growing cities of Canada in cultural communities due to its easy to rich position. Because of having a number of agricultural lands this city is also known as ‘City in the Country’. In spite of having a constant pressure on urban development, pastoral vision and the city’s rooted heritage in land hold strong as they are securing the success of the city in future.
Abbotsford city is actually home of sophisticated urban amenities and family-friendly hospitality. The city has currently 187 properties for sale on Abbotsford’s market. The median price of sale is $924,700, the average price per square feet is $389, the average price is $1,093,670, the average age of the building is 54, there are 5 averages beds, 03 average baths and the average days on the market are 30. Although the property is regarded as a safer strategy for investment, for instance, this investment still comes with chances that one could lose their money. However, the 2020 year is controversially one of the most exceptional years for Australian property market in history and consequently could carry more risk. Buying real estate in Australia at this time could be both rewarding and precarious.
Market growth and stability:
From the development of the city in country plan it has become clear that Abbotsford’s employment base and economy will not be able to keep pace with the growth of population until more land is identified to harbor jobs and economic growth. The basic principle is that communities should have to create more job opportunities so that they can meet the future need of job employment in the future which is a major issue facing the city.
The challenge that is facing the city is that with 75 percent of the land base in agriculture and more part of its economic benefit dependent on agriculture to make sure that the initiatives and community policies that are supporting a balanced economy, also encourage the widespread use of agricultural production. This city has an airport called Abbotsford International Airport that is actually a cornerstone of the city’s strong infrastructure that gives a global connectivity. There are 02 US borders that are crossing each other is close proximity, a university having more than 16,000 students, the Trans Canada Hwy and top notch Regional hospital that makes hub of Fraser valley and a prime location for the entrepreneurs so that they can expand their business.
