Located in beautiful B.C., Abbotsford is an ideal place to raise a family, grow a business, and enjoy the beautiful scenery of the Fraser Valley. Just an hour east of Vancouver, Abbotsford offers residents a lower cost of living but still offers convenient access to all the amenities and culture of the big city.
There is so much to see and do in Abbotsford, especially for the outdoorsy type. Hiking, camping, swimming, rafting – Abbotsford offers it all. Abbotsford is set against glorious views of B.C.’s Coast Mountains and Washington’s Mount Baker, and offers an endless array of things to do, see and taste! Known as the Raspberry Capital of Canada, Abbotsford is the perfect place for an individual or family looking to enjoy a high quality of life on a lower income. Abbotsford is the largest city in the Fraser Valley with a population of 141,397.
Abbotsford’s economy is largely dependent on dairy farming and fruit orchards. Abbotsford boasts lush scenery and fertile land, and earns the highest dollar per acre of agricultural land in Canada. Many people in Abbotsford and other small cities like Surrey and Nanaimo work in trade, construction, manufacturing, transportation, retail or health care. While some people may need to commute to Vancouver, others make their living right in the neighbourhood. There are many small businesses in the region, and many opportunities for entrepreneurs to start or grow their business.
Approximately 62 per cent of Abbotsford’s residents actually work for the City of Abbotsford. Many of the remaining commute to Vancouver or its suburbs (primarily Surrey and Langley), or the surrounding cities of Mission or Chilliwack. The economy in Abbotsford is thriving and diverse, and offers many opportunities for the city’s residents, as well as residents from surrounding cities.
British Colombia has one of the most expensive housing markets in Canada, especially in Greater Vancouver. However, the cost of living in Abbotsford is significantly lower than Greater Vancouver, and people can enjoy a much higher quality of life at a significantly lower cost.
The same holds true for Nanaimo, a small city located on the lush and scenic Vancouver Island. For people who work in Vancouver but can’t afford to live in Vancouver, living in a small mainland city like Abbotsford may be a more practical option than Nanaimo or even Surrey. Because Surrey is part of Greater Vancouver, the cost of living is higher than living in Abbotsford, though still less than Vancouver proper.
Even though Abbotsford offers a substantially lower cost of living than Vancouver, the housing prices are still fairly high. An average single-family home costs around $795,000, while an average condo costs around $300,000. Rent is fairly on par with the rest of Canada. Renters can expect to pay between $600-$800 for a bachelor or one-bedroom apartment, while a two or three-bedroom apartment may cost upwards of $1,500. These rental and housing prices are nonetheless far lower than those of Greater Vancouver.
Abbotsford is increasingly a destination for young families who want to enjoy the best that life has to offer while investing in the future. Property remains one of the best investments a person can make, and Abbotsford boasts some stunning homes, condos, and townhouses that are likely to appreciate in time. Why spend money on overpriced rentals in Vancouver when the beautiful and affordable Abbotsford is just a short drive away?
For more information about real estate in Abbotsford, visit Ovlix.com, offering users a quick and convenient way to search for property in British Colombia. With high-quality photos and up-to-date property details and information, searching for a place to live has never been easier. All the information you’ll need to find the perfect place is just a click away.