The Time is Now: Investing in Abbotsford Real Estate!
Abbotsford is being hailed as one of the top cities for investment in 2016 as stated by Don Campbell in Canadian Real Estate Wealth Magazine.
“Over the past decade the Lower Mainland region has often been forgotten as an economic centre, but the spotlight will soon shine directly on this city as it become a provincial economic cornerstone. A major transportation artery right on the Fraser River, Abbotsford has an airport, a university, and agriculture and industry all right next to the US border.”
This call to action is further proven by the astonishing vacancy rate reported by Canada Mortgage and Housing Corporation (CMHC.) According to Fall 2015 CMHC report, Abbotsford’s vacancy rate is 0.8% which is the same as Vancouver.
What does “vacancy rate” mean?
The vacancy rate is a numerical value calculated as the percentage of all available units in a rental property, such as apartment complex, that are vacant or unoccupied at a particular time.
The vacancy rate is a useful metric for evaluating a rental property. High vacancy rates indicate that the property is not renting well; low vacancy rates point to strong rental sales.
Don Campbell an expert in Canadian-based real estate investing reminds us that “It is critical to remember that real estate should never be considered a one-year investment, so these are areas poised to perform well over a five-year window.”
Interested in leveraging this great investment opportunity? Check out our Abbotsford project here!
Information gathered from CMHC report and Canadian Real Estate Wealth Magazine – January/February 2016 Edition