The Abbotsford real estate market started strong in 2018.
Prices increasing over last year.
Number of sales of single family homes are similar to January 2017, with supply remaining limited.
Townhouse and Condominium sales numbers have increased with under average listing supply.
The forecast for 2018 is continued strong demand with low inventory, possible further price increases.
A slight rise in interest rates and the new mortgage stress test may take some buyers out of the market.
An possible increase in listing inventory could see a more balanced market later in 2018.
This could make it easier for Buyers to find homes.
Abbotsford is a growing city and real estate here is a good long term investment.