Where to buy real estate in 2019: Abbotsford, Mission and Pitt Meadows, B.C. - MoneySense

Where to buy real estate in 2019: Abbotsford, Mission and Pitt Meadows, B.C.

Abbotsford’s revitalization is being driven by an influx of homebuyers looking to escape high prices closer to City of Vancouver, along with new businesses and government investment.

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Abbotsford is undergoing a huge change. In the last half-decade, there’s been an influx of new people (many escaping high property prices closer to the City of Vancouver), new businesses, and new municipal and provincial infrastructure money. All this has helped to soften out the crusty-crime image that plagued some areas of Abbotsford.

As one resident explains, “the old, shifty neighbourhoods are getting bought up by new young families full of hopes and dreams.” Another notes: “Now, almost all neighbourhoods west of Highway 11 fall into the category of good, family-oriented neighbourhoods.”

 

Click Tap column headings to re-rank neighbourhoods. Click Tap on any neighbourhood name to learn more about it.

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Rank Neighbourhood Area Average home price (2017) Value Momentum Average price vs. area Avg. price vs. metro district Avg. price vs. outer region 1-year price change 5-year price change Final Star Rating
1 Central Abbotsford Abbotsford $683,409 87.5 77.08 80.0% 64.00% 33.8% 23.09% 82.7% ★★★★
2 Mission BC Mission $732,155 83.33 52.08 95.5% 63.20% 33.4% 19.06% 69.0% ★★★★
3 Mission-West Mission $1,257,172 20.83 100 224.4% 148.60% 78.4% 99.52% 143.8% ★★★★
4 Abbotsford West Abbotsford $767,523 79.17 58.33 86.2% 69.00% 36.4% 19.04% 76.9% ★★★½
5 Fairfield Island Abbotsford $710,505 100 31.25 75.1% 60.10% 31.7% 15.18% 51.4% ★★★½
6 Matsqui Abbotsford $1,296,400 33.33 64.58 142.0% 113.70% 60.0% 16.18% 79.7% ★★★½
7 Sumas Mountain Abbotsford $1,090,502 41.67 43.75 128.5% 102.80% 54.3% 5.59% 80.4% ★★★½
8 Abbotsford East Abbotsford $857,571 66.67 35.42 98.2% 78.60% 41.5% 14.68% 68.4% ★★★½
9 Sumas Prairie Abbotsford $1,444,733 8.33 91.67 228.1% 182.60% 96.4% 47.53% 88.5% ★★★½
10 Poplar Abbotsford $777,559 58.33 45.83 101.5% 81.30% 42.9% 26.04% 30.2% ★★★½
11 Aberdeen Abbotsford $1,113,230 50 27.08 126.1% 100.90% 53.3% 11.39% 56.4% ★★★½
12 Bradner Abbotsford $1,926,637 20.83 22.92 222.2% 177.80% 93.9% -5.54% 47.8% ★★★½
Value
Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum
Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Top 3 neighbourhoods to buy

1. Central Abbotsford

Central Abbotsford tops the area that includes Abbotsford, Mission and Pitt Meadows. While some still feel that the centre of Abbotsford is still “too commercial” and has too many high-rise apartment complexes, others are attracted to the urban feel and the chance to build a more family-friendly community. The area is eclectic and broadly diverse, with pockets of South Asian influence (mostly the west side).

Average houses in Central Abbotsford sell for 20% cheaper than surrounding neighbourhoods, and 46% cheaper than the average Abbotsford home.

2. Mission (Central)

Located in the Fraser Valley, Mission is just 15 minutes from the U.S. border, but a 60-minute drive to downtown Vancouver. If you don’t mind this drive (or don’t need to commute), central Mission is a great neighbourhood to buy a house. Average prices are 20% cheaper than in Mission; and 36% cheaper than the average across Mission, Abbotsford, and Pitt Meadows

Mission appeals to those who like access to all that interior B.C. has to offer—snow sports, hunting, fishing, ATV sports, and many other outdoor activities—but want the amenities of city living.

3. Mission West

The Mission West area is not as developed as other areas in the city, but it’s also a current growth area due to high housing demands in the Fraser Valley. The recent upgrades to Highway 7 and the Lougheed Highway have made travel to and from Mission West so much easier, and this means more buyers will be able to access the affordable housing in this area.

Keep in mind, Mission West offers not only urban development but also rural and acreage properties as well. This tends to skew the pricing of the neighbourhood: the average housing price is just over $1.257 million. Still, for those who have the money, buying property with land in this part of B.C. could pay off, as prices have grown by 143.8% in the last five years.