I have a 16 unit apartment building under contract in Chilliwack, BC, Canada. This is a suburb of Vancouver. Chilliwack is a neighbour to Abbotsford (10 min drive), which is the #3 investment city in British Columbia as recommend by REIN (Real Estate Investment Network)www.reincanada.com. Their comments on Abbotsford are:

Abbotsford

With a population of over 134,000 people, Abbotsford has earned the title of the 5th largest city in British Columbia. From transportation changes to increased localized job growth, to an increasing population, Abbotsford will continue to attract people from across the province. A new high tech park has recently been opened, and along with a major expansion of the commercial and industrial lands on the Mt. Lehman Corridor, this will help the economic diversification to continue into the near future. The recent release of 178.5 hectares from the Agricultural Land Reserve will add to the city’s available residential, commercial, and industrial development space, ensuring the city will witness even more growth in the next decade.


This investment is a reposition, in a developing area. There is a new Walmart Supercentre about 10 min away. Major call centres 
have been moving into this area, such as Allstream. The OCP has a new commercial centre developing 1 block from the subject property. 

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