Investing in Abbotsford, BC

[Conor Kelly]

Hi guys, I just wanted to start this thread to keep the Vancouverites on this website updated with what's going on in Abbotsford (my backyard). I've been on BiggerPockets for 4 years now and I know finding information about investing in Canadian cities is very difficult. Most of the information/discussions are typically based on US cities. 

Anyways, I plan to post news articles and events that will have affect on real estate prices in abbotsford/Fraser Valley and encourage any discussion on the topic! 

I realize Abbotsford isn't a glorious a 1% or cash-flow heavy city which is the principals BiggerPockets was built on but investing out of state/province isn't for everyone. I personally own 2 properties out of area and although they've done very well for me I do plan to buy my next rental out here.

[Conor Kelly]

Extremely low inventory pushing Chilliwack housing crunch

Local builder’s remedy to low supply? Build more quality, affordable homes!

One of the metrics used to gauge the real estate market is Months of Inventory — the number of months it would take to sell current inventories at the current rate of sales. Having 5 or 6 months of supply is historically average — at the end of July 2021, Chilliwack’s months of inventory was just 1.9.

Large numbers of residents are moving out to Chilliwack from closer to the Vancouver core, especially as work-from-home options remain in place by many employers. This only adds to the housing shortage for current residents.

https://www.theprogress.com/ma...

Credit: Impress