Coquitlam is the third-largest city in Metro Vancouver with a population of approximately 148,625 (2021 Census), forming part of the “Tri-Cities” area along with Port Coquitlam and Port Moody. Located east of Burnaby along the Pitt River and Fraser River corridors, Coquitlam offers a suburban and semi-suburban character with increasing urban density anchored by the Millennium Line SkyTrain extension (Coquitlam Central, Lincoln, Lafarge Lake–Douglas stations) opened in 2016.
Coquitlam’s economy is anchored by several major retail centres (Coquitlam Centre Mall), healthcare (Eagle Ridge Hospital), Douglas College, and a growing employment cluster at Lincoln Station and around the Westwood Plateau area. It serves as a transit hub connecting the Tri-Cities to Burnaby and downtown Vancouver.
July 2026 data from Greater Vancouver REALTORS® (GVR) shows Coquitlam’s composite benchmark continuing to soften year-over-year, with the Metro Vancouver STAR at 13%.
Key Highlights — July 2026 (GVR):
- MLS® HPI Composite Benchmark: $987,600 (-6.2% year-over-year, -1.2% month-over-month)
- Detached benchmark: $1,627,600 (-5.2% YoY)
- Townhouse benchmark: $990,900 (-8.6% YoY)
- Condo apartment benchmark: $651,400 (-7.2% YoY)
- Market: buyer’s market conditions (Metro Vancouver STAR: 13%)
- Population: 148,625 (2021 Census)
Coquitlam Home Prices by Type — July 2026
| Property Type | Price | YoY Change |
|---|---|---|
| Composite Benchmark | $987,600 | -6.2% |
| Detached | $1,627,600 | -5.2% |
| Townhouse | $990,900 | -8.6% |
| Condo Apartment | $651,400 | -7.2% |
Source: Greater Vancouver REALTORS® MLS® Home Price Index, July 2026. Metro Vancouver composite: $1,088,800 (-6.2% YoY, -0.9% MoM).
Market Metrics — July 2026
| Metric | Value |
|---|---|
| Composite Benchmark Price | $987,600 |
| Benchmark YoY | -6.2% |
| Benchmark MoM | -1.2% |
| Metro Vancouver STAR | 13% |
| Metro Vancouver Sales | 2,061 (-9.8% YoY) |
| Metro Vancouver Active Listings | 16,476 (-4% YoY) |
| Data Source | Greater Vancouver REALTORS® (GVR) |
Income Required to Buy in Coquitlam
Assumptions: 20% down payment, 3.99% contract rate (5.99% qualifying rate), 25-year amortization, GDS ratio of 32%, property tax $354/month, heating $150/month.
| Home Type | Price | Mortgage (80%) | Income Required |
|---|---|---|---|
| Composite Benchmark | $987,600 | $790,080 | $209,167 |
| Condo Apartment | $651,400 | $521,120 | $144,396 |
| Townhouse | $990,900 | $792,720 | $209,803 |
| Detached | $1,627,600 | $1,302,080 | $332,467 |
| Entry condo | $500,000 | $400,000 | $116,900 |
Key Trends — Coquitlam July 2026
Millennium Line Effect: The 2016 opening of the Evergreen Extension (now Millennium Line) through Coquitlam transformed the real estate market here, triggering a substantial appreciation cycle as buyers recognized the improved transit to downtown Vancouver. The current correction from 2022 levels is partly a mean reversion from that transit-premium surge. Properties within 800m of Lincoln, Coquitlam Central, and Lafarge Lake–Douglas stations remain the most liquid sub-segment.
Sales Momentum Reversed Metro-Wide: Metro Vancouver sales fell 9.8% year-over-year in July, erasing June’s roughly 10% gain. The sales-to-active listings ratio sits at 13%, still firmly in buyer’s territory, though declining new listings (-11.5% YoY) are gradually trimming overall inventory.
Townhouse Correction Deepest: The townhouse segment at ~$1,069,000 median has seen the most significant softening — reflecting a segment that was priced aggressively during the 2020–2022 surge. With more resale inventory available and some new completions, buyers of townhomes retain leverage.
Westwood Plateau Premium: Westwood Plateau — a higher-elevation planned community in west Coquitlam — is among the area’s most desirable residential districts. Views of Metro Vancouver, excellent schools, and a strong community character command premiums relative to lower Coquitlam. Detached $1.7M–$2.3M+.
Douglas College Rental Demand: Douglas College’s Coquitlam campus generates student rental demand in the areas adjacent to Coquitlam Central station. The rental market is relatively tight compared to the ownership market.
First-Time Buyer Value: Coquitlam’s condo market at $611,450 median is meaningfully more affordable than Burnaby ($680k–$820k estimated) or Vancouver west-side ($785k). For GVR-based buyers who need SkyTrain access and are constrained by budget, Coquitlam condos near the Millennium Line represent some of the better value in Metro Vancouver without sacrificing transit connectivity.
Tri-Cities Growth: Port Moody (to the west) and Port Coquitlam (to the east) complete the Tri-Cities cluster. Port Moody has its own premium Inlet Centre and Moody Centre SkyTrain stations; Port Coquitlam trades at a discount to Coquitlam. Buyers who find Coquitlam pricing stretched may find value in Port Coquitlam’s more affordable detached market.
Notable Neighbourhoods in Coquitlam
Town Centre / Lincoln Station: The emerging downtown core around Coquitlam Centre Mall and the Lincoln SkyTrain station. High-density condos, public amenities, and the developing park + plaza network. Condos $580k–$780k; some newer townhomes $950k–$1.2M.
Westwood Plateau: Premium residential community on higher elevations. Established executive detached homes with views. Strong school catchments. Detached $1.7M–$2.4M+. Townhomes $1.1M–$1.4M.
Burke Mountain: Rapidly developing northeastern Coquitlam. New subdivisions and master-planned communities. Family-oriented, newer stock. Detached $1.3M–$1.8M; townhomes $800k–$1.0M. Popular with first and second-time buyers who want new construction.
Maillardville: Coquitlam’s historic French-Canadian neighbourhood — one of the oldest European settlements in BC. Heritage character, walkable streetscape on Brunette Avenue. Mix of older detached (some strata-converted) and newer projects. Detached $1.3M–$1.7M.
Ranch Park: Mid-elevation established residential neighbourhood. Views, quiet character, close to Westwood Plateau. Detached $1.4M–$1.9M.
Coquitlam East: More affordable east-Coquitlam near Port Coquitlam border. Older housing stock, larger lots in some pockets. Detached $1.2M–$1.6M.
Lake City / SFU Periphery: Near the Lake City Way SkyTrain station and the Burnaby/Coquitlam border. Transit-accessible condos. Condos $600k–$780k.
BC Property Transfer Tax — Coquitlam
BC PTT on a $987,600 home:
| Portion | Rate | Tax |
|---|---|---|
| First $200,000 | 1.0% | $2,000 |
| $200,001–$987,600 | 2.0% | $15,752 |
| Total | ≈ $17,752 |
First-time buyers may qualify for the BC First Time Home Buyers’ Exemption (full exemption on homes up to $500,000; partial exemption up to $525,000). At Coquitlam’s benchmark price level, the first-time exemption will not typically apply. However, buyers of smaller condo units in the $480k–$520k range may receive partial relief.
Related Calculators & Tools
- Mortgage Affordability Calculator
- Land Transfer Tax Calculator
- CMHC Mortgage Insurance Calculator
- Vancouver Housing Market
- Burnaby Housing Market
- British Columbia Housing Market — provincial overview
- Canada Housing Market — national overview
Data Sources
- Greater Vancouver REALTORS® (GVR) — March 2026 Statistics Package
- Canadian Real Estate Association (CREA) — National MLS® Statistics
- Data period: March 1–31, 2026