๐ Fraser Valley Rental Market Forecast (2025โ2030)
Wondering what the future holds for rental properties in Chilliwack and Abbotsford? Here's what landlords and investors need to know.
๐ Population & Growth
Both cities are expected to grow 15%+ by 2030! With more people moving in from Metro Vancouver, demand for rentals is rising fast.
๐๏ธ Tight Vacancy Rates
Vacancy rates hover around 1.3โ1.5% and are expected to stay lowโmeaning continued rental demand and strong returns for landlords.
๐ฐ Rental Prices on the Rise
Expect 3โ5% annual rent increases driven by housing shortages and economic growth. Even with new construction, the high demand means prices will likely stay strong.
๐ ๏ธ Trends to Watch
๐น Tenants want amenities & flexible leases
๐น Demand is high for family-sized homes and remote work-friendly layouts
๐น Smart investments near transit hubs or future developments = long-term payoff
Ready to take advantage of this growing market?
๐ฒ Contact Select Real Estate โ Property Management Division for expert local advice!
