What’s Happening in the Coquitlam Housing Market Right Now

The Coquitlam housing market is shifting, and August 2025 numbers show a landscape full of opportunities for both buyers and sellers. With detached home prices down significantly since the 2022 peak, townhomes holding their ground, and condos offering strong entry points, this is a market you’ll want to watch closely.

In this blog, we’ll break down:

• 📉 Detached home prices and buyer leverage

• 🏘️ Townhome resilience and balanced conditions

• 🏢 Condo opportunities in a high-inventory market

• 📊 How much prices have dropped since 2022

• 💡 Why upsizing or downsizing might make sense right now

• 📉 What the recent Bank of Canada rate cut means for you

Detached Homes: Buyer’s Market in Coquitlam

• Benchmark price: $1.72M (down 6% year-over-year and ~12% below the 2022 peak).

• Market activity: 59 sales in August, 509 active listings, 34 days on market.

• Absorption rate: 11% → firmly in buyer’s market territory.

What it means:

• Entry-level detached homes ($1.5M–$1.75M) are still moving quickly, with absorption rates over 30%.

• Above $2M, the tables turn — inventory piles up, and buyers have serious negotiation power.

👉 For upsizers or buyers entering the detached market, this is one of the best opportunities we’ve seen since before 2022.

Townhomes: Resilient & Balanced

• Benchmark price: $1.087M (+1% YoY, only down 5.4% since peak).

• Market activity: 33 sales, 201 listings, 23 days on market.

• Absorption rate: 14% → balanced market conditions.

What it means:

• Townhomes have proven to be the most resilient property type in Coquitlam.

• Buyers can find more inventory in the $700K–$800K range, especially 4-bedroom units.

• Sellers see strong demand for 3-bedroom townhomes in Westwood Plateau, with most selling near list price.

Condos: High Inventory = Buyer Advantage

• Benchmark price: $703,700 (down 5.3% YoY, 7.4% below 2022 peak).

• Inventory: High supply gives buyers plenty of choice.

• Absorption rate: Around 14% → balanced overall.

• Hot price band: $500K–$600K condos are driving the most activity.

What it means:
For first-time buyers or downsizers, the condo market is a golden opportunity. High inventory plus lower prices mean more choice and stronger negotiating power than in years past.

Price Drops Since the 2022 Peak

• Detached homes: Down ~12% (~$230,000)

• Townhomes: Down ~5.5% (~$60,000)

• Condos: Down ~7.5%

Key Insight: The gap between detached and townhome prices has narrowed by about $170,000 since 2022. This makes upsizing from a townhome to a detached home far more affordable.

Mortgage Rates & Market Outlook

• The Bank of Canada lowered its rate to 2.5% in September 2025, with two more cuts expected by early 2026.

• Lower payments will support affordability and could stimulate demand in the fall and winter.

• Expect stronger activity in entry-level detached homes and townhomes as rate cuts filter into the market.

What This Means for You

• Buyers: More inventory, lower rates, and leverage in detached and condo markets.

• Sellers: Competitive pricing is essential, but well-priced homes are still moving quickly.

• Upsizers: Best timing in years to move from a townhome to a detached home.

• Downsizers: Condo price drops free up more equity.

Final Thoughts

Coquitlam’s market is balanced overall, but the details matter. Detached homes are offering serious opportunities for buyers, townhomes are holding value, and condos are the most negotiable they’ve been in years.

If you’re considering buying, selling, or relocating in Coquitlam, the best move is to align your goals with today’s numbers.

📲 Contact me today at 604-808-1827 or mark.parsons@exp. Let’s talk strategy and find your best opportunity in this shifting market.

Mark Parsons

Licensed Realtor

eXp Realty