ABBOTSFORD Real Estate & Homes for Sale

In Abbotsford, about 40% of buildings are single detached homes, whereas the rest are mainly small apartment buildings, duplexes, and townhouses. There is a good range of housing sizes - from one-bedroom apartments to villas. Homeowners occupy around 70% of the units in Abbotsford, and renters occupy 30%. This city did not experience a single building boom; the construction of new homes in Abbotsford was spread throughout many decades in recent history. For potential buyers of homes for sale in Abbotsford, It is beneficial to review their characteristics in Abbotsford !

Property Type Distribution

• Total Dwelling: 43,010

• Single-detached house: 14,970

• Apartments | Condos: 1,000

• Attached Dwelling: 26,810

• Semi-detached house: 1,250

• Row house: 4,040

• Apartments Duplex: 9,170

• Other Apartments: 12,290

• Other single-attached house: 55

• Movable dwelling: 225

Abbotsford Housing Market Trends

Detached Houses

• Sales August 2021: 112

• Sales August 2020: 146

• Sales Percentage: 23.3% decrease

• New Listings: 117

• New Listings Percentage: -47.3% decrease

• Active Listings: 174

• Benchmark Price: $1,152,700

• Median Price: $1,152,500

• Average Price: $1,179,556

Townhouses

• Sales August 2021: 56

• Sales August 2020: 76

• Sales Percentage: 26.3% decrease

• New Listings: 50

• New Lisitngs Percentage: 39.0% decrease

• Active Listings: 86

• Benchmark Price: 8 $598,300

• Median Price: $605,000

• Average Price: $604,069

Apartments

• Sales August 2021: 90

• Sales August 2020: 68

• Sales Percentage: 32.4% increase

• New Listings Percentage: 21.7% decrease

• New Listings: 92

• New Lisitngs Percentage: 22.0% decrease

• Active Listings: 131

• Benchmark Price: $386,000

• Median Price: $364,000

• Average Price: $392,728

Rentals

• The average rent for a 1-bedroom apartment in Abbotsford, BC, is currently $1,450. This is a 16% increase compared to the previous year.

• The average rent for a 2-Bedroom apartment in Abbotsford, BC, is currently $1,775. This is a 9% increase compared to the previous year.

Demographics

• Age: The population of Abbotsford is 147,700, the fifth-largest city in B.C. according to B.C. Stats. The dominant age groups are 20 to 29 and 40 to 49 years. Out of the total population, the immigrants account for around 27.6%. The Median Age of residents in Abbotsford is 39.

Dominant Age Groups

• 50 to 59 years and 30 to 39 years (each 13.3% of total population)

• Children (<15): 18.4%

• Seniors (65+): 16.9%

• Diversity: More than a quarter (26.1%) of the city's population was born outside Canada. The majority is from South Asia, followed by China, South Korea, Southeast Asia, and Latin America groups. English is the primary language spoken, with 78.7% of the population having it as their first language.

• Religion: The majority of Abbotsford's population is Christian, with 61.4% of the population. Many of the largest congregations in the city are Mennonite Brethren. The next largest religious group is Sikh, comprising 13.4% of the population.

• Education: For anyone considering moving to Abbotsford, education is a favorable point 1

Schools

The Abbotsford School District is home to 46 modern, well-equipped, well-maintained schools, including 31 Elementary Schools, 1 K-12 school, 7 Middle Schools, 2 Middle & Secondary Schools, 7 Secondary Schools. The following list depicts the institutions easily accessible in Abbotsford:

• The University of the Fraser Valley: The University of the Fraser Valley (UFV) is a fully accredited, public university that enrolls approximately 15,000 students per year.

• SIMON FRASER UNIVERSITY: Simon Fraser University (SFU) has matured into one of the world's leading teaching and research universities. Consistently ranked among Canada's top comprehensive universities and named the Times Higher Education list of 100 world universities under 50.

• UNIVERSITY OF BRITISH COLUMBIA: The University of British Columbia (UBC) is a global center for teaching, learning, and research, consistently ranked among the top 20 public universities in the world and recently recognized as North America's most international university.

• BRITISH COLUMBIA INSTITUTE OF TECHNOLOGY: Since 1964, the British Columbia Institute of Technology (BCIT) has taught and trained experts, professionals, and innovators who shape our economy —across B.C. and around the world.

• VANCOUVER CAREER COLLEGE: The range of programs and courses at Vancouver Career College (VCC) make the school the ideal place to train for a new career in British Columbia.

Economic Activities

Abbotsford is the Canadian hub for agri-business, with annual agricultural activity amounting to $1.8 billion within Abbotsford, which equals more than half of the Province's total GDP in this sector. With dairy, poultry, fish, meat, and beverages dominating production, value-added specialty food products increase. Consumer interest in safe, high-quality, and sustainably produced food drives growth and innovation in this industry. British Columbia's aerospace sector is internationally renowned for its specialized products and services. The industry is supported by a network of schools that continue to produce highly skilled workers. B.C.'s aerospace sector is the third-largest in Canada. Home to more than 200 companies, it generates a total of $2.4 billion in revenue annually and directly employs nearly 9,000 people.

MANUFACTURING &TECHNOLOGY

Manufacturing is a vibrant and vital component of the British Columbia economy. Boasting the largest economic footprint, supporting 12,000 companies and 400,000 jobs, 77% of this sector comprises small or medium-sized firms. British Columbia has a strong reputation in technology innovation and offers a range of investment opportunities. Home to leading-edge companies in a thriving technology and media sector, the Province boasts $29 billion in domestic revenues and $6 billion in exports of goods and services.

RECREATION

Known as a "City in the Country," Abbotsford has the most fantastic places for recreation. These include:

• Castle Fun Park

• Clayburn Village

• Mill Lake

• Fraser Fishing Adventures

• The Reach Gallery Museum

• Apple Barn at Taves Family Farms

• Eco Dairy

• Skydive Vancouver

• Race Experience

• Fraser River Safari

Transportation

A variety of modes of transportation are available in Abbotsford:

• Shuttles

• Buses

• Limousines & Taxis

• Carpooling

• Ferries

• Trains

• Car Rentals

• Airport: Abbotsford International Airport is located four kilometers away from the city center of Abbotsford in British Columbia, Canada. The airport was constructed in 1943.

FAQs (Abbotsford Real Estate)

• What is the average rent of 1 bedroom apartment in Abbotsford ?

The average rent for 1 bedroom apartment in Abbotsford is $1450.

• What is the average rent of 2 bedroom apartment in Abbotsford ?

The average rent for 2 bedrooms apartment in Abbotsford is $1775.

• What is the average home price of detached homes in Abbotsford, BC ?

The average home price of detached homes is $1,179,556.

• How many people rent versus buy real estate in Abbotsford ?

Around 70% people own their own houses whereas the rest, i.e 30% live on rent.

• What are nearby cities to Abbotsford, BC ?

The closest cities to Abbotsford, BC include Mission, Langley, Yarrow and Lindell beach.