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Mill District MLS® Listings
602 2555 WARE STREET 2 Bed, 2 Bath,1404 Sqft. $774,900Jovi Realty Inc.
506 2565 WARE STREET 1 Bed, 1 Bath,696 Sqft. $460,000Team 3000 Realty Ltd. (Nearby Listing)
307 2575 WARE STREET 2 Bed, 2 Bath,1170 Sqft. $484,900Sutton Group-West Coast Realty (Abbotsford) (Nearby Listing)
12 2505 WARE STREET 2 Bed, 3 Bath,1193 Sqft. $688,000TRG The Residential Group Downtown Realty (Nearby Listing)
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Mill District at 2555 Ware Street, Abbotsford, BC, Canada, V2S 3E2, plan number LMP13235. Mill District is a two building complex of 6 levels each with a total of 82 homes. Located on Ware Street between Bourquin Crescent west and South Fraser Way, just north of Mill Lake.
Mill District's intelligently designed 1 to 4-bedroom residences offer the rare opportunity for refined parkside living in the heart of Abbotsford's Mill Lake neighbourhood. The innovative pairing of contemporary design and timeless elements brings a new level of sophistication to everyday living.
Schools nearby include Godson Elementary School, Chief Dan George Middle School and WJ Mouat Secondary School. For groceries you have save-On Foods, Real Canadian superstore and Safeway. Sevenoaks Shopping Centre is just minutes away.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
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