Rental Market Forecast for Chilliwack and Abbotsford (2025-2030)
The Fraser Valley rental market is poised for sustained growth over the next five years. This forecast explores anticipated trends in Chilliwack and Abbotsford, helping landlords and investors make informed decisions.
Population and Economic Growth
Abbotsford and Chilliwack are among BC’s fastest-growing cities, with expected population increases of over 15% by 2030 (Statistics Canada).
Economic diversification and infrastructure investments continue attracting renters from Metro Vancouver.
Vacancy Rates and Rental Demand
Vacancy rates, currently around 1.3–1.5%, are expected to remain tight due to steady demand.
Rental shortages are anticipated to persist, supporting continued rent increases.
Projected Rental Price Trends
Annual rental rate increases expected to average 3–5%, influenced by tight supply and strong demand.
New rental construction may stabilize but not significantly lower rents due to growing populations.
Emerging Rental Trends
Increased tenant expectations for amenities and flexible leasing options.
Continued demand for family-sized units and remote work-friendly spaces.
Investment Opportunities
Multifamily properties and purpose-built rentals offer promising returns.
Strategic investments near transportation hubs or planned infrastructure developments are particularly attractive.
Robust population growth and ongoing housing shortages suggest continued strength in the Chilliwack and Abbotsford rental markets. Investors and landlords positioned now will benefit substantially over the coming years.