Abbotsford: Affordable Entry Point for First Time Buyer

I continue to maintain that all hope is not lost for a first-time buyer looking to enter the Fraser Valley housing market, in order to be within reasonable range of Metro Vancouver residential real estate.

To me, buying a condo apartment in Abbotsford is a logical way to get on the Metro Vancouver region's property ladder. It is a reasonable way to begin building equity over time, that will later allow for a step up to a higher tier property such as a townhouse.

Below is a graph showing price trends for 1 bedroom resale condos in Abbotsford. 

With an average resale price for a 1 bedroom condo at about $360,000 as of December 2023, the price point is probably accessible to many prospective home buyers.

As I wrote about on my website, Abbotsford is a very desirable and growing community. It has a variety of housing types, both new and established, with many quiet and peaceful areas. Moreoever, it has all the amenties that pretty much any other Metro Vancouver suburb has.

If you would like to explore how a 5% downpayment (or approximately $18,000) could potentially get you into the Vancouver area housing market, please don't hesitate to contact me.

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