Coquitlam, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $750,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,550,000 |
| 4 bedrooms | $1,900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $650,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2025) | 153,000 |
| Previous Population (2020) | 150,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 60,000 |
| Occupied Private Dwellings | 57,000 |
| Population Density (per km²) | 2.5 |
| 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 in the region stands at $1,550,000, with a year-over-year increase of 2.8%. This indicates a resilient market that has been able to maintain growth despite broader economic fluctuations. Similarly, the median apartment price is at $750,000, showing a more modest year-over-year growth of 1.5%. These trends suggest that while houses are seeing a higher rate of appreciation, apartments are also gaining value but at a slower pace.
Investment Opportunities and Potential
For investors considering Coquitlam’s real estate market, both residential houses and apartments present valuable opportunities. Houses offer the potential for higher capital gains due to their stronger price appreciation trend. Apartments, while appreciating at a slower rate, may be more accessible to investors due to their lower median price point and could offer rental income stability.
In addition to housing types, it’s important to note the city’s increasing population which grew by 2% recently. This population growth suggests an ongoing demand for housing and could underpin the investment potential in Coquitlam’s real estate market. With diverse neighborhoods suitable for families, professionals, and retirees alike, Coquitlam offers investment opportunities that cater to a broad range of tenants or buyers.
Future Market Outlook
The future outlook for Coquitlam’s real estate market remains positive. The consistent population growth coupled with current trends points towards sustained demand for housing in both sectors – houses and apartments. Although economic uncertainties can impact market dynamics, the fundamental indicators such as population increase and the subsequent need for housing support an optimistic view of the market’s resilience and potential for long-term growth.
The city’s strategic development plans aimed at enhancing amenities and infrastructure are likely to further boost its attractiveness to residents and investors alike. In conclusion, Coquitlam presents as a stable market with continuing opportunities for investment and positive future prospects.
