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Chilliwack Mortgage Brokers
The City of Chilliwack is a city of approximately 76,000 people, located 100 kilometers east of Vancouver, in the Fraser Valley. A rapidly growing city, Chilliwack has seen a major boost in home prices over the past few years. The out of reach prices in Vancouver have pushed more and more people into the Fraser Valley, as it is still commutable to the Lower Mainland, but the prices are much more affordable. Chilliwack is strategically placed on the Trans Canada Highway, and is also the gateway to the interior of the province.
The Fraser Valley is a wide open fertile valley that is home to over 900 farms. The ideal climate with the long growing season and the abundant rain, make growing many fruits and vegetables possible in the area where it is not in most parts of Canada. Chilliwack is Canada's warmest city, with an average temperature of 10.5 degrees, followed by Vancouver at 10.1. This mild climate is a major draw for those moving from harsher climates in other parts of the country.
The City of Chilliwack is made up of several little communities, the largest being Chilliwack Proper, Sardis and Vedder. The largest area is Chilliwack Proper, which has a population of over 30,000. As the city has grown, Sardis and Vedder has gone from the burbs to a major residential and commercial hub of the city. The population in this area has reached over 20,000. Making up the bulk of the rest of the population are hillside communities and rural areas.
What our Chilliwack mortgage brokers are saying:
Chilliwack, much like Abbotsford, is a great market for everyone. The first time buyers can still get a decent amount of house, and the ones needing a bigger space for the family can find the executive homes in the nice neighborhoods. Mortgage brokers in cities like Chilliwack still see higher mortgage loans than in most parts of the country however it would have be considered a much more balanced market, as the prices still allow room for everyone.
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Call one of our Chilliwack Mortgage Brokers today, or apply online for a Free Pre-Approval today.
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