The real estate market in Abbotsford, British Columbia is hot, hot, hot. Prices have risen by a great deal recently because of the extremely hot real estate market in Vancouver. Many homeowners are selling their homes in Vancouver and purchasing a more affordable home in Abbotsford. This allows them to bank a great deal of money while at the same time saving on their yearly house tax bill
This hot market has also cause the rental market to soar. Not only is it very difficult to find a decent home to rent but the rates have increased quite drastically. Only a few years ago a typical three-bedroom home would rent for approximately $1200 a month. Today we see the very same home renting for close to or over $2000 a month.
The hot real estate market in Vancouver and the lower mainland plus the addition of an almost nonexistent rental vacancy has made the real estate in Abbotsford a prime candidate for real estate investments. Not only are people moving to Abbotsford and purchasing a home but many savvy investors are buying homes for the sole purpose of renting them out. This has made the Abbotsford real estate market one of the hottest markets in all of Canada.
After all, one of the best investments that a person can make is real estate. It does not matter if it is simply to buy a family home or to purchase real estate property for a future investment. Real estate is and always has been one of the best ways to invest your money. A real estate investment is not only a wise investment monetarily speaking but it is also a safe investment.
Markets will normally rise and fall such as what we see in the precious metal market or the stock market. The real estate market, on the other hand, has shown a steady increase year after year. Also, many foreigners realize that Canada is a safe and beautiful country to live in. Therefore they are investing in Canada for their family’s future by purchasing real estate.
If you are looking for a wise investment then you should consider the abbotsford real estate market Simply contact one of the many local real estate agents and have them show you around the area. In the long run, you will have made a wise decision for your investment portfolio and for your future happiness.