WILLIAM WRIGHT REVIEW – ABBOTSFORD MARKET

July 29, 2019

Abbotsford is the third largest metropolitan area in BC and has seen over 6.1% population growth since 2011 to over 180,000 residences. In 2018 the City of Abbostford adopted 8 new Official Community Plans and it is BC’s second fastest growing economy. Lease rates have grown by over 20% since 2017, seen a huge increase in commercial construction, and has vacancy rates less then 2% for most asset classes. Edwin Astafanus from our Fraser Valley office will tell you all about it and why the demand continues to increase in the Abbotsford marketplace while supply remains limited.

REVIEW