Port Coquitlam Market:

January 2026 vs 2025

The market begins 2026 with a whisper.

Overall low sales, and generally soft prices begin the year. 

Looking for an accurate picture of where the real estate market is headed?

  Today we dive in and take a deeper look at the Port Coquitlam market as a whole:

• A full overview & an in depth look at detached homes and townhouses. Both focusing on:

1. How statistics stack up to the previous month's activity.
2. Where we are standing compared to the same time period in 2024.
3. Larger market trends.

•••

Port Coquitlam Benchmark Price Overview:

1. Townhouse: In 2025 the townhouse benchmark price peeked in May (It is now $86,300 below this peak). 2026 begins with a sub-900k benchmark; this is the sixth time March 2023 the benchmark has dipped below 900k. Townhouses are firmly at a 2.5 year pricing low.
2. Detached: The 2025 benchmark peak was February (we are now $80,400 below that peak). Relatively speaking 2025 brought 6 months of detached stability, followed by 6 months of meandering decline. December finished 2025 at a new low for the year, and 2026 started with a further dip.
3. Condo: The 2025 benchmark high was in January (we are now $48,800 below that price). For the last 6 months of 2025 the condo market took a sudden and large turn downwards. The year ended with prices near a 4-year low (46 month).
   1. The benchmark has now been under 600k since October of last year. The last time it dipped below 600k was December 2022. 
   2. The benchmark has only dipped below $610,000 three times since March 2022, & it now seems firmly planted at least 10k below that benchmark.
   3. After 5 months of supply decreases 2026 started with a supply increase and a drop in sales which may mean that January’s benchmark increase may be short lived.

 Port Coquitlam Market Snapshot (a review):

1. Over the last six months the real estate market in Poco has developed as follows:
1. As a whole August can be categorized by decreases. Supply dropped across the board while sales were nearly cut in half compared to July. The benchmark price for both townhouses and condos took a sizable hit while detached homes edged downwards after being hit hard in July.
2. The only unanimous change in September was that stale supply drove up days on market. Detached homes saw pricing level out, but sales plummet, and supply continue to balloon. Both condos and townhouses saw sales increases...but prices decrease.
3. Generally speaking, sales were strong in October, and supply and days on market saw minor decreases across the board. Attached homes saw pricing decreases continue which helped sales for townhouses, but condo sales dropped off. Detached homes saw prices drop below a 2-year low which boosted sales.
4. Relatively speaking November was a strong month. Benchmark prices increased across the board as supply decreased, and sales remained steady. But prices are historically low & supply remains inflated.
5. This year a December slowdown really set in. We finished the year with falling prices, month over month sales declines and a supply reduction. Despite prices coming down and supply doing its best to get back to a manageable level the power is still in the hands of hesitant buyers who seem to be waiting for a bottom that has yet to crystalize. 
6. 2026 began with sales decreasing across the board as supply took massive step up for townhouses while remaining high for condos and detached homes. In January 2/3 of the market saw a price dip while condos saw a slight leveling while remaining at a multi-year low

Year-over-year Comparison:

• Every major metric is down year-over-year for detached homes. The benchmark price is down $58,500 compared to Jan 2025. The last time it was this low was April 2023 when it was $1,339,000, meaning the current benchmark is at a 33-month low. One the positive side both supply and days on market are down compared to Jan 2025, both by a considerable amount.
• Compared to Jan 2025 the townhouse market is not in a great place. Supply is up by over 133% while sales are down over 61% and pricing has slipped by 5.5%. The only upside is that days on market have been nearly cut in half meaning homes are selling…but at a lower price with power firmly in the hands of buyers.
• From a pure metrics standpoint condos, compared to January 2025, are the worst off. Active listings and days on market are up, while the benchmark price and sales are down. Sales and total active listings stand at odds with one another. Listings are up over 32% while sales are down 65.6%...this is not a spread you want to see if you are hoping the benchmark will increase.

Overall Supply & Sales Update:

 
Compared to the same time last year supply varies: 

• Detached: -15.6%
• Condo: +32.1%
• Townhouse: +133.3%

Supply varies when January is compared to Decemberr:

• Detached: same number of listings as December
• Condo: 8 more listings than in December
• Townhouse: 22 more listings than in December (all progress made in December has been erased)

Compared to the same time last year sales are down:

• Detached: -31.3%
• Condo: -65.6%
• Townhomes: -61.5%

Sales are down month over month (compared to December):

• Detached: 6 less sales than December
• Condo: 2 less sales than December
• Townhouse: 8 less sales than December

••• 

Detached Market Update:

1. January 2026 vs 2025 sees the detached benchmark price decrease by $58,500.
2. Although the 2025 benchmark peaked in February the detached market remained fairly strong until early summer.
• Since the 2025 peak the benchmark has decreased $80,400.
• The last 7 months has been tumultuous for the detached market.
3. Since October there have been three months where the benchmark has been below April 2023 ($1,354,300). This means the detached benchmark is now at a 34-month low.
4. One of the market’s main issues has been balancing high supply with a cautious buyer pool.
• October through December saw supply reducing, but by December that reduction had slowed…and now in January it has stalled out altogether.
• October 2025 presented a strong month for sales (22 total) however the number of monthly sales has largely decreased each month since…
1. November 20 total.
2. December 17 total
3. January 11 total.
5. Last time the benchmark was this low there were only 66 active listings. Even with a supply reduction there were still 53 more listings in Janaury when compared to April 2023. 
6. The market needs a refresh. Fewer new listings, and an active buyer pool to purchase the remaining stock. That way, hopefully, spring can start on fresh footing.

Detached Home Benchmark Pricing:

1. January: $1,401,100
2. February: $1,420,500
3. March: $1,418,500
4. April: $1,408,900
5. May:  $1,412,000
6. June: $1,382,900
7. July: $1,359,500
8. August: $1,356,600
9. September: $1,361,800
10. October: $1,349,400
11. November: $1,358,700
12. December: $1,343,000
13. January: $1,340,100

•••

Townhouse Market Update:

1.  From October 2024 to October 2025, we saw the townhouse market come full circle: a rise and fall in 12 months. A fluctuation of $72,000.
2. Between February and July 2025, the townhouse market was rock solid with the benchmark never fluctuating more than $6,700 in a 30-day period.
3. For the last 6 months the townhouse market has been facing adverse circumstance…high supply & slow sales.
4. While supply started to come down in October and made great progress in December…January saw another large uptick in listings coupled with the lowest monthly sales since December 2023.
5. Now the benchmark price is 5.5% below January 2025 and the lowest it has been since December 2022, just over a 3 year low. 
6. The benchmark price has now been under 900k for four straight months. The last time it dipped below 900k was October 2024…and within one month it began its climb back up.
7. At this point there needs to be a drastic change for the benchmark to even begin to move back towards 900k. Sales need to, at least, quadruple in a single month, and new listings need to slow so supply can reduce by close to 50%.

Townhouse Benchmark Pricing:

1. January: $924,200
2. February: $950,000
3. March: $950,700 
4. April: $955,400
5. May: $956,300
6.  June: $949,600
7. July: $945,200 
8. August: $917,900
9. September: $913,800
10. October: $884,300
11. November: $893,500
12. December: $882,800
13. January: $870,000

 •••

Condo Market Overview:

1. For roughly two years the condo market was the stable bedrock of Port Coquitlam.
1. Until July 2025 condos remained level, consistent. Now five of the last seven months have marked new lowpoints for the condo market. 
2. January's benchmark is $44,500 lower than Jan 2025. A nearly 7% dip.
2. Now the benchmark is the lowest it has been since February 2022 when it was $588,400. A 47-month low….1 month shy of a 4 year low.
3. For the first time in eight months, and after falling for seven straight months, active listings are up.
4. Month over month the number of sales in a 30 day window has declined since last September.
5. Sales are down 65.6% year-over-year, coupled with 32.1% more supply when compared to Jan 2025. High supply and low sales is not an ideal mix for sellers…yet buyers still appear hesitant.
6. On a positive note January was only the second time the benchmark has increased in a month since July 2025. Nonetheless January is the 4^th straight month with a sub 600k benchmark.
1. The last time the benchmark was below 600k for more than a single month was prior to it every breaking 600k in the first place back in 2021. It has never dipped below 600k after surpassing it for this long before.

Summary:

Port Coquitlam opened 2026 quietly, with low sales, soft pricing, and hesitant buyer activity setting the tone. After December’s year-end slowdown, January brought little momentum, reinforcing a market still searching for direction as supply pressures resurfaced and demand remained subdued.

Detached homes continued their gradual slide, pushing benchmarks to a 33–34 month low and now more than $80,000 below February 2025’s peak. While supply and days on market are meaningfully lower than last January, sales have steadily declined for four consecutive months, leaving excess inventory relative to buyer confidence and limiting any near-term price recovery.

Townhouses are facing their most challenging conditions in over three years. The benchmark has now remained below $900,000 for four straight months, settling at its lowest level since late 2022. A sharp January spike in listings erased December’s supply progress, while sales fell to their weakest level since 2023—firmly shifting leverage to buyers and keeping prices under pressure.

Condos remain the most fragile segment. Once the market’s stabilizer, condos are now sitting at a 47-month low, with benchmarks nearly 7% below January 2025. After seven months of declining supply, listings rose again in January while sales dropped sharply year-over-year—an imbalance that continues to cap recovery despite a rare monthly price uptick.

Overall, January reinforced a familiar theme: elevated supply in key segments, cautious buyers, and benchmarks hovering near multi-year lows. Whether early 2026 marks the final phase of this correction or simply another pause will depend on renewed demand and sustained absorption as the market moves toward spring.

At this stage, after months of elevated inventory and restrained pricing, it’s worth asking whether the market is simply adjusting to a new normal. The pace of appreciation set during the 2022 surge proved unsustainable, and today’s pricing may be less a failure to recover than a recalibration toward something more realistic. If values stabilize around current levels, that may not be a negative outcome. Expectations reset, volatility eases, and buyers and sellers begin operating on more level footing — creating a market that is steadier, healthier, and ultimately easier to navigate for everyone involved.

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