Tri-Cities May Detached Market Update

Supply Surges As Prices Shift Again

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 May 6th and compared with February 24th meaning the findings represent the markets overall shift in the last 71 days.

Click Here for February 24th compared with October 20th

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Number of detached listings;

•  Port Coquitlam: 159 (up 33)
• Coquitlam: 438 (up 78)
• Port Moody: 128 (up 36)
  

Summary:

1. Throughout 2025 a large part of the market’s story was over supply.
2. That picture changed with our first 2026 review recording a roughly 25% reduction in supply across Port Moody, Coquitlam, & Poco.
3. Now 71 days later & that reduction has almost entirely vanished with supply raiding approximately 17-28%. Spring has arrived and new homes are flooding the market.
4. The real question now becomes, while spring also bring a burst of active buyers to help keep supply down or will it continue to rise?

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List Price:

Port Coquitlam:

• High – $4,350,000 (10 acres)
• Low – $800,000
• Average -$1,522,539 (down $6,936)
• Median – $1,448,000 (up $49,000)

Coquitlam:

• High – $7,600,000 (development potential by Coq Centre)
• Low – $999,000
• Average -$2,194,011 (down $115,044)
• Median – $1,998,000 (down $101,450) –first time one of our updates has recorded a sub 2M median.

Port Moody:

• High – $7,299,000 (over 8000 sqft home on an acre)
• Low – $1,289,000 (rental, mainly land value)
• Average -$2,615,887 (down $199,131) — 13 (up 1) luxury properties over 4 million
• Median – $2,194,400 (down $205,050) —

Summary:

1. While the second half of 2025 was largely plagued by downward pricing pressure 2026 started with 2/3 of the market seeing a pricing reprieve. However, over four months into the year and we now see a role reversal in the Tri City area…
2. In February Poco was the only area in the Tri Cities to experience downward pricing momentum, now in May it is the only area to see a median pricing increase. In fact, the skew is substantial with an over 150k gap in movement when compared to both Port Moody & Coquitlam.
   1. At this point the only explanation for the continued difference in price adjustment is that Poco does not punch as high as either of the other two cities. There are fewer luxury properties and therefore less substantial fluctuation.
3. After a short period of relative stability largely thanks to a slow start to 2026 sales Coquitlam is once again seeing six figure pricing adjustments. With the largest increase in supply buyers need to make a strong return in May otherwise prices may continue downwards.
4. Even with its luxury supply increasing slightly Port Moody still managed to experience the largest price drop in the Tri City area. The problem with this statistic is that a few luxury listings over 4M can reduce their price by 200K+ having a substantial effect on the median price regardless of the rest of the market remaining relatively stable. In Port Moody the median/average price may not be the strongest indicator of lower end market health.

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Days on Market:

Port Coquitlam:

• High –  1289 (the acreage)
• ​​Low -1
• Average – 77
• Median – 35 (down 9)

Coquitlam:

• High –  1861
• ​​Low – 0
• Average – 106
• Median – 49 (down 10)
  

Port Moody:

• High –  447
• ​​Low – 2
• Average – 71 
• Median – 50 (up 7)  

Summary:

1. For the most part the story for days on market continues as it has for roughly the last 8 months. Slowly ticking back down to a reasonable timeline with no drastic change.
2. The overall average days on market across the Tri City area has dropped from 48 to 44 with only Port Moody seeing an increase.
3. It is worth noting that Port Coquitlam now has the lowest days on market average while also being the only city in the area to see a pricing increase this update.

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Overview:

From tightening to surge — after opening 2026 with a sharp pullback in supply, the Tri-City detached market has quickly shifted again. Just 71 days later, inventory is climbing at pace as spring momentum takes hold.

Inventory rebounds — the early-year contraction has largely been erased, with listings rising between 17–28% across all three cities. Port Coquitlam, Coquitlam, and Port Moody are all seeing fresh supply hit the market, signalling a return to more competitive conditions. The key question now: will buyer activity rise with it, or will inventory continue to build?

Pricing flips — February showed Port Coquitlam as the only market under pressure. Today, it’s the only one seeing upward movement in median price. Coquitlam and Port Moody have both returned to notable declines, with six-figure adjustments reappearing—particularly in Coquitlam. Port Moody’s drop is amplified by its luxury segment, where a small number of high-end price changes can heavily skew averages.

Pace stabilizing — days on market continue their gradual normalization, now averaging roughly 44 days across the region. Port Coquitlam stands out with the fastest pace and the only concurrent pricing strength, while Port Moody has ticked slightly higher.

A market in motion — supply is rising, pricing is re-adjusting, and buyer response will define the next phase. The balance seen earlier this year is already shifting, with spring conditions beginning to reshape the landscape once again.

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