Coquitlam, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,199,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $670,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $950,000 |
| 3 bedrooms | $1,199,000 |
| 4 bedrooms | $1,450,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $670,000 |
| 3 bedrooms | $800,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| Population Density (per km²) | 1.7 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Coquitlam, British Columbia, is currently experiencing steady growth. The median house price stands at $1,199,000, which marks a year-over-year increase of 2.8%. This suggests a stable market with a sustained demand for housing. Similarly, the apartment sector has seen a moderate price increase of 1.5% from the previous year, with a median price of $670,000.
Despite global economic uncertainties, Coquitlam’s real estate market has remained resilient. The city’s population has grown by 2% to reach 15,300 residents, indicating a consistent influx of new residents and potential homebuyers. The growth can be attributed to Coquitlam’s attractive lifestyle offerings, economic opportunities, and its proximity to Vancouver.
Investment Opportunities and Potential
Investors looking into the Coquitlam real estate market can find potential in both the residential housing and apartment sectors. The steady increase in property values indicates that investments made now could yield positive returns as the market continues to grow.
The demand for housing driven by the population growth provides an opportunity for rental property investments as well. With more people moving to the area, there is potential for investors to capitalize on rental income, particularly within the apartment market where entry prices are lower compared to houses.
Furthermore, new developments and infrastructure projects may lead to appreciation in property values in certain areas of Coquitlam. Investors should consider properties that may benefit from such improvements when looking for long-term investment prospects.
Future Market Outlook
The future outlook for Coquitlam’s real estate market remains optimistic. Population growth is expected to continue as the city attracts more residents due to its quality of life and employment opportunities. This demographic trend will likely sustain demand for both owned and rented properties.
While current trends show a stable growth pattern in property values, prospective buyers and investors should monitor local and national economic indicators closely as they can influence mortgage rates and buyer sentiment.
In conclusion, Coquitlam presents itself as a robust market with sensible investment opportunities for both residential homes and apartments. Careful consideration of location-specific factors and monitoring economic conditions will be key for those looking to enter this market.
