Real Estate for Sale in Port Coquitlam

Situated in British Columbia, the city of Port Coquitlam has a population of 56,342. The 6.9% population growth rate for the city is below average when compared to other Canadian cities.

There are 28.38% of immigrants in Port Coquitlam, 4.35% of which are recent arrivals to Canada. Beyond English, the most common language spoken is Cantonese, with 3% of residents reporting it as their mother tongue. The largest cultural community within Port Coquitlam is English at 27%, trailed by Scottish at 19% and Canadian at 19%.

Port Coquitlam delivers strong employment prospects with an unemployment rate near 7%, which is average when compared to other cities. Roughly 55% of residents hold a university degree. Residents can anticipate an exceptional quality of life in Port Coquitlam owing to an above average median family income of $72,563.

According to Statistics Canada, 83% of Port Coquitlam residents drive. Approximately 10% of residents who are already established within the city will move within a year, while 37% will move within five years.

Port Coquitlam’s population skews above average regarding homeownership, with 78% owning a property and 22% renting. The median monthly mortgage cost is estimated at roughly $1,426, which is above average when set against renters in other Canadian cities.

In the Canadian real estate context, Port Coquitlam is a rewarding place to establish a foothold in the real estate market.

A thorough review of MLS® listings reveals plenty of homes for sale in Port Coquitlam. That doesn’t mean navigating this market is straightforward. In Canada’s real estate landscape there are heated pockets of activity—zones where bidding wars and sold-over-asking are the norm. To be successful in your property search, talk to a local Realtor®. As a specialist, a local Port Coquitlam real estate agent can steer you to communities matching your requirements and property types aligned with your budget.

Port Coquitlam properties stay on the market for 30 days, on average and sell for 98.8% of the median list price. Detached houses for sale in Port Coquitlam comprise 43% of listings and sell for a median price of $1,399,000. Port Coquitlam condos represent 38% of the real estate currently for sale and sell for a median price of $559,900. The remaining 19% are townhouses, which sell for a median price of $961,900.

To be competitive in Port Coquitlam’s real estate landscape you should come prepared. Talk to a realtor or mortgage advisor to establish what you can realistically afford.

As of the latest reporting period, Port Coquitlam’s median sale price sits at $863,500. This figure is calculated by identifying the mid-point price of all properties sold within a specified period of time. If, for instance, 30 condos changed hands last month and only 11 detached homes sold in the same time frame, then the median price would skew downward to capture the larger volume of lower-priced condos. At present, Port Coquitlam has 127 houses for sale, 56 townhomes for sale and 111 condos for sale.

Port Coquitlam is recognized as a city of outstanding localities. To assist your search for the ideal community, explore each of Port Coquitlam’s 10 distinct neighbourhoods. Better still, dedicate a weekend to investigating open houses in Port Coquitlam. Engage the agent on duty regarding the neighbourhood. Their local expertise will aid in pinpointing the best location to establish roots in the Canadian real estate market.

A substantial proportion of prospective homeowners pursue homes for sale in communities farther from Port Coquitlam’s downtown core. Suburban areas typically provide larger homes on more spacious lots. For expanded options, consider commuting into Port Coquitlam’s core from a nearby municipality, such as New Westminster, Burnaby, and Surrey. Even neighbouring cities requiring a slightly extended commute, such as Langley, Delta, and Richmond, are viable choices as they feature excellent housing selections, frequently at more attractive prices.

Purchasing a home means securing a stake in a neighbourhood, so gaining familiarity with your prospective community is worthwhile. Here’s a snapshot of Port Coquitlam’s demographics, encompassing median age, schools and income, derived from census information provided by Statistics Canada.

For those weighing a Canadian real estate purchase to raise a family, take heart: Port Coquitlam is home to top-rated elementary and secondary schools. To assist with your Port Coquitlam housing market search, below are the leading five institutions in each category. (Explore further in our school guide.)

According to Statistics Canada, residents in Port Coquitlam rely on a variety of methods to navigate the area.

According to current Port Coquitlam MLS© statistics, the average home listing price in Port Coquitlam, BC is $1,094,000. Based on Port Coquitlam housing inventory, the typical home is listed on the market for 27 days and achieves a 97.7% selling to listing price ratio.

Based on current Port Coquitlam MLS© data, the average detached house in Port Coquitlam, BC has a listing price of $1,518,000. In Port Coquitlam, detached houses remain on the market for 44 days on average.

According to current Port Coquitlam MLS© data, the average condo in Port Coquitlam, BC has a listing price of $583,000. In Port Coquitlam, the average price for a 2-bedroom condo is $644,000 and the average price for a 1-bedroom condo is $500,000.

In Port Coquitlam, BC, the most expensive neighbourhoods to buy a home encompass Lower Mary Hill, Birchland Manor, Lincoln Park PQ and Oxford Heights. Lower Mary Hill is the most expensive neighbourhood in Port Coquitlam with an average home price of $1,255,000.

The most affordable neighbourhoods to buy a home in Port Coquitlam include Glenwood PQ, Central Pt Coquitlam, Riverwood and Mary Hill. Glenwood PQ is the most affordable neighbourhood in Port Coquitlam with an average home price of $1,123,000.

The nearest cities to Port Coquitlam, BC include Coquitlam, Port Moody, Anmore and Pitt Meadows. Among the surrounding Port Coquitlam cities, Anmore has the highest average home price of $2,889,000 and Pitt Meadows has the most affordable average home price of $1,162,000.

The average townhouse in Port Coquitlam carries an average listing price of $1,047,000, representing a -5.7% shift in price from the prior year. There are presently 61 townhouses for sale in Port Coquitlam, BC.

According to Statistics Canada Census data, the median total household income in Port Coquitlam is $72,563 per year, exceeding the national median income of $67,000 annually.

In Port Coquitlam, BC, fewer residents rent than own at 21.9% renting versus 78.1% owning. The median monthly rent price comes to $2,500 per month contrasted with the median monthly mortgage of $4,200 per month.