Tri-City Detached Market Shift: Inventory Drops 25% as Pricing Recalibrates (Feb 2026 Update)

Tri City Detached Home Listing Comparison

From record-breaking supply to large price adjustments — here’s what’s really happening in the Tri-Cities housing market:

The Tri Cities are an informal grouping of the three adjacent cities of Coquitlam, Port Coquitlam, and Port Moody. The Tri Cities also includes the two villages of Anmore and Belcarra. The entire area is located in the northeast sector of Metro Vancouver, and combined, these five communities have a population of roughly 234,000 residents. With vibrant culture, abundant natural beauty, a central location, and a drive to continually evolve and elevate...it is a fantastic place to look for a home.

All statistics below were gathered on February 24th 2026 and compared with October 20th 2025 meaning the findings represent the markets overall shift in the last 127 days.

Click Here for October 20th compared with August 28th
 

Citadel Heights

 

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Number of detached listings;

  •  Port Coquitlam: 126 (down 44)
  • Coquitlam: 360 (down 150)
  • Port Moody: 92 (down 32)

Summary:

  1. 2025’s supply story:
    • Supply in the Tri City area climbed between March & June.
    • Leveled off in July, and began to ease off in August.
    • But it started to climb again in September through our last check-in on October 20th
  2. For our first check-in of 2026 supply is down by more than a quarter overall. This is the largest unanimous change across the board.
    • Coquitlam is down 29.4%
    • Port Coquitlam is down 25.9%
    • Port Moody is down 25.8%

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List Price:

Port Coquitlam:

  • High - $4,350,000 (10 acres)
  • Low - $870,000 (tiny log house)
  • Average -$1,529,475 (down $59,435)
  • Median - $1,399,000 (down $89,000)

Coquitlam:

  • High - $7,600,000 (development potential by Coq Centre)
  • Low - $899,000 (townhouse style home)
  • Average -$2,309,022 (down $11,046)
  • Median - $2,099,450 (up $550)

Port Moody:

  • High - $7,299,000 (over 8000 sqft home on an acre)
  • Low - $1,188,000 (rental, mainly land value)
  • Average -$2,815,018 (up $136,329) -- 12 luxury properties over 4 million
  • Median - $2,399,450 (up $112,950) --

Summary:

  1. Pricings in the Tri City area were relatively stable for the first six months of the year as sales remained low and supply stocked up. But July we were seeing steady downward pressure on homes. If sellers wanted to move their properties it was happening at a ‘sharp’ price.
  2. As of late October Port Coquitlam had experienced the smallest amount of downward pressure over the last few months, conversely it is now the only area in the Tri Cities to see continued downward momentum.
  3. Coquitlam is sitting relatively stable, but that moment of reprieve comes after months of downward pressure. And the stability may be a byproduct of a slow start to the year.
  4. Port Moody has taken a massive jump upwards, but a large percentage of the area’s listings are luxury homes. There are currently 12 listings over four million, with four of those sitting over $6,500,000. A single luxury home can have an impact on the average…and 12 can definitely move the needle.  

Suter Brook Village Port Moody

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Days on Market: 

Port Coquitlam:

  • High -  1281 (the acreage) 
  • ​​Low -0
  • Average - 84
  • Median - 44 (down 4)

Coquitlam:

  • High -  1790
  • ​​Low - 0
  • Average - 121 
  • Median - 59 (down 1) 

Port Moody:

  • High -  376
  • ​​Low - 0
  • Average - 81 
  • Median - 43 (down 5)  

Summary:

  1. For a large part of 2025 days on market remained high due to oversupply. While days on market reduced as the year ended…they didn’t come down dramatically.
  2. Seven weeks into 2026 and the story is largely the same. Yes, there was a small decrease to all three areas of the Tri Cities but the overall average still sits at roughly 48 days. As a reminder these active listings have been sitting for nearly 7 weeks without selling.
  3. The average days on market for all detached sales in the Tri City area for 2026 has been 46 days.
  4. This has been the status quo for a whole now and is very firmly a middle ground in terms of length required to make a sale.

Lafarge Lake Coquitlam

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Overview:

From surplus to pullback — After a 2025 defined by rising inventory and steady price pressure, the Tri-City detached market has opened 2026 with a meaningful shift: supply has dropped sharply across all three cities.

Inventory contracts – Listings climbed through spring, plateaued mid-summer, then rose again into October. Now, just 127 days later, detached supply is down more than 25% across the board — Coquitlam (-29.4%), Port Coquitlam (-25.9%), and Port Moody (-25.8%). The excess has been reduced, though not eliminated as many areas saw supply nearly double over the first six months of 2025.

Pricing diverges – Port Coquitlam is now the only city still showing clear downward momentum. Coquitlam appears relatively stable after months of adjustment. Port Moody’s averages have jumped, largely influenced by a cluster of luxury homes over $4M skewing the numbers.

Days on market steady – Sales timelines have improved slightly but remain balanced, with detached homes taking roughly 46 days to sell in 2026. Conditions are neither surging nor stalling.

A market recalibrating – Supply has tightened, pricing remains sensitive, and buyer urgency is measured. The Tri-Cities detached segment is leaner than late 2025 — but still finding its equilibrium.

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