Chilliwack - Real Estate Recap

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Latest Stories

21st Aug 2024

Fraser River Lodge Acquired by the Cheam First Nation

The Cheam First Nation has self-funded the purchase of the Fraser River Lodge in Agassiz, BC, for $18.1 million as part of its economic development strategy. The 20-acre property within the ALR will continue to operate as an ecotourism destination, offering activities like fishing and river tours.

Read the full story by Daily Hive.

20th Aug 2024

$274M Facility to Replace Bradley Centre in Chilliwack

A new $274 million long-term care home is planned for Chilliwack. It will replace the outdated Bradley Centre at Chilliwack General Hospital. The new 200-bed facility aims to improve senior care with enhanced infection control and community spaces. Construction is expected to begin in 2026, with completion in 2029.

Read the full story by BC Gov.

20th Aug 2024

Prominent Chilliwack Property Sells for 55% of Assessed Value

A 40,000-square-foot commercial property in downtown Chilliwack sold for $4.8 million, just 55% of its assessed value of $8.9 million. Despite its amenities, including a bowling alley and pub, the sale price of $120.45 per square foot reflects a significant market correction in the area's commercial real estate values.

Read the full story by Western Investor.

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