The real estate market in Abbotsford can be said to be going through a season of a boom at the moment – and rightly so. This is cheering news to both peppery owners looking to sell as well as prospective buyers.
A lot of factors can be credited for this fact, including the general outlook of the real estate market world over (which seems to be on the up).
The most important reason why this season of boom began has to be the housing crunch that beleaguers Vancouver, forcing residents further east, with the ripple effect of increased demands for properties that were followed by more properties getting developed to handle the new found demand.
The number of people (mostly families) moving into Canada in recent times has done a lot to raise property demands, with a high number of them moving to British Columbia – and by extension – Abbotsford has over the last few years created the realities of today’s real estate market in Abbotsford, B.C.
The development of new homes for sale in Abbotsford was aimed at addressing this singular issue of population increase, and today that has turned the area into a real estate hot spot. Property value has increased too, meaning that sellers can get more for their investments.
Moving forward, Abbotsford realtors have taken advantage of the situation while at the same time making the situation more sane and organized. They have leveraged on the unique position the area happens to present at the moment, and have created a booming market with steadily increasing returns quarter on quarter and year in year.
Talking statistics, according to the British Columbia council figures, the population of Abbotsford is estimated at around 143,000 persons, and expected to grow to 152,000 at the end of 2021. Furthermore, the 5 – year growth projections are expected to follow the same trend of 10,000 new entrants or more in that period. This can only mean better for the real estate scene in the area.
Abbotsford new homes for sale are attracting attention for more reasons than just the location. Abbotsford realtors provide several incentives to tilt buyers minds their way when it comes down to choosing to purchase a home there or elsewhere. Custom made homes are available for those who like to have their home reflect much more of them than normal, there are also financing schemes available to help pay for the properties to be purchased.
Property sellers and realtors continue to pursue the development of additional properties to cope with present or possible future demands for housing in Abbotsford, this will ensure that the boom in real estate the area enjoys does its part in enabling the development of the area.
On a final note, buyers and sellers alike can key into the opportunity presented by the real estate boom being enjoyed in Abbotsford, B.C. Sellers, and realtors by ensuring the acquisition of properties by the right buyers, and buyers, getting themselves their property as the values are projected to go through the roof in the near future.