Tri City Detached Home Listing Comparison:

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 13th and compared with February 18th meaning the findings represent the markets overall shift in the last 84 days.

Click Here for February 18th compared with December 2nd

•••

Number of detached listings;

•  Port Coquitlam: 162 (up 38)
• Coquitlam: 515 (up 148)
  
• Port Moody: 118 (up 29)
  

Summary:

1. 2024 ended with decreasing supply for the first time since roughly June 2024. Our last check-in, on February 18^th, saw the decreasing supply continue…albeit at a much slower rate.
2. Six weeks into 2025 and buyers had arrived early & new listings were not replenishing supply quickly enough.
3. 84 days later and the script has been flipped. Due largely to unforeseen world events buyers hit pause and supply began to climb. Supply has been climbing for roughly two and a half months now.
4. The Tri City area is now an outlier as Greater Vancouver now has the highest number of active listings since 2014.
5. Supply in Coquitlam has climbed nearly 30% since February.

 •••

List Price:

Port Coquitlam:

• High - $4,888,000 (15 acres)
• Low - $1,049,000
  
• Average -$1,701,473 (down $38,654)
• Median - $1,599,900 (down $55,100)

Coquitlam:

• High - $8,000,000 (land assembly)
• Low - $963,000 (townhouse style home)
• Average -$2,532,658 (down $277,040)
• Median - $2,300,000 (down $260,000)
  

Port Moody:

• High - $6,880,000 (over 5000 sqft waterfront home)
• Low - $1,199,000 (lot prepped for development)
• Average -$2,688,276 (down $275,352)
• Median - $2,284,500 (down $315,500)

Summary:

1. Between late May 2024 and February 2025 prices in the Tri City area fluctuated month to month while remaining relatively stable as a whole.
2. During our last check-in on February 18^th prices were still forecasted to increase by the end of 2025. 87 days later and global economic uncertainty has altered the forecast. Although the market in Greater Vancouver remains (mostly) balanced, it is now edging much closer to a buyers market where supply could face downward pricing pressure.
3. While the average/median for Port Moody & Coquitlam have dropped substantially they are both very controlled by the luxury and development market in the area. High end listings hold massive power in overall statistics. Right now, the lower end of the market is much more active than the higher end.
4. Reduced luxury/development listings in Port Moody & Coquitlam is reducing statistics to a larger degree than actual market is fluctuating.
5. Port Coquitlam’s shift is much more representative of actual market change.

 •••

Days on Market: 

Port Coquitlam:

• High -  931
• ​​Low - 0
• Average - 82 (down 30)
• Median - 42 (down 1)

Coquitlam:

• High -  1503
• ​​Low - 0
• Average - 107  (down 20)
• Median - 54 (down 37)
  

Port Moody:

• High -  263 
• ​​Low - 0
• Average - 56 (down 12)
• Median - 42 (up 7)  

Summary:

1. As of February 18^th, Coquitlam was the only city to see an increase, and it was because of a slow high-end market. Both Port Moody and Port Coquitlam saw a reduction to days on market. At the time 2025 had started off busier than typical.
2. 87 days later and days on market are down again, but this time not necessarily from an overly busy market. Prices have dropped & buyers are taking advantage of low interest rates and sharp prices.
3. From this perspective it is not all bad news. Yes, supply has risen and prices have come down…but perhaps decreasing days on market are indicating that the market is finding a new balancing point.

•••

Overview:

1. Since our February update the 2025 has market shifted. The pace for Tri-City real estate has slowed. After a strong start to the year, buyer momentum stalled and inventory has steadily climbed—particularly over the last 10 weeks.
2. The market, once short on listings, has reversed course and partially tipped towards a buyer-friendly environment. Despite this recalculation it may be finding a new balance.
3. While overall prices have softened—especially in Coquitlam and Port Moody—this has been heavily influenced by a drop in luxury and development listings. Entry-level homes remain more active, and in Port Coquitlam, price shifts appear to reflect more true market conditions for the everyday buyer.
4. Days on market are down across most of the region, as sharp pricing and lower interest rates are attracting committed buyers. It’s a different kind of activity—less urgency, more strategy.
5. As summer approaches, the market may be settling into a new rhythm: slower, more balanced, and increasingly shaped by economic headwinds and consumer confidence. Will prices continue to withdraw, or will they settle? We will soon find out.

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