New Construction Home Developments Coquitlam BC

Coquitlam City Guide

Coquitlam is the sixth-largest city in B.C. with a population just over 139,000. Incorporated as a city in 1992, Coquitlam is a city in the Lower Mainland in the province of British Columbia.

Coquitlam is the largest community of what is known as the Tri-Cities: Coquitlam, Port Moody, and Port Coquitlam. Coquitlam is the largest city along the # 7 Highway and located on the north bank of the Fraser River.

The nearest cities to Coquitlam are Port Moody, Burnaby, New Westminster, Port Coquitlam, Surrey, and Pitt Meadows. There are at least 20 neighbourhoods that make up the city of Coquitlam, spread out over three distinct, geographical areas.

Coquitlam offers public transit throughout the city. Highway 7A runs through central Coquitlam and Trans-Canada Highway 1 to the south of Coquitlam. There are also trains and buses that take the daily commuters directly to the other parts of the lower mainland like Burnaby or Metro Vancouver.

Coquitlam Real Estate Market

The average benchmark price of a home in Coquitlam in September 2020 was $941,900 with a price index of 279.4. This price was 0.6% more than in August 2020 and 53.2 % more than 5 years back in 2015.

Hockaday, Scott Creek, Harbour Chines and Harbour Place are the most expensive neighbourhoods whereas Canyon Springs, North Coquitlam, Coquitlam West and Maillardville are the most affordable neighbourhoods in Coquitlam.

There are many new construction home developments going on in Coquitlam by some big real estate developers & builders, mostly condos & townhomes. These developments include SOCO by Anthem, Victoria Townhomes by Mosaic Homes, Wynwood Green by Anthem, Sydney by Ledmac by Ledingham McAllister, Smith & Farrow by Boffo Developments Ltd, Shaw Ave condos by Kingswood Real Estate, Hensley by Cressey, and so on.

Hot Neighbourhoods in Coquitlam

Hot neighbourhoods with most new construction home developments in Coquitlam are:

Burke Mountain – 15+ developments including new townhomes and single-family homes
Coquitlam West – 18+ developments with most new condos and a few new townhome developments. Burquitlam is a hot community in Coquitlam west.

Coquitlam Housing Market Stats

Listings Nearby provide you Coquitlam housing market stats, and how it has changed over the year. This will help you further in your research.

According to MLS® Summary – Real Estate Board of Greater Vancouver (September 2020):

• The sale of single-family homes in September 2020 was 127 which was 49.4% more than 98 sales in August 2020. The median price in September 2020 was $1,288,000.
• The sale of townhomes in September 2020 was 70 which was 34.6% more than 52 sales in August 2020. The median price in September 2020 was $865,500.
• The sale of condos/apartments in September 2020 was 109 which was 2.9% more than 106 sales in August 2020. The median price in September 2020 was $535,000.

If you’re looking to buy a new home in the Coquitlam, contact us and we will connect you to the right person who can provide you with the detailed information on the development(s) you’re interested in and help you in deciding & buying your dream home.