New Construction Home Developments Port Coquitlam BC

Port Coquitlam City Guide

Port Coquitlam, British Columbia is often referred to as “PoCo.” It is Canada’s 88th-largest city by population, with a population of about 61,000.

In earlier times, Port Coquitlam was known as a First Nations village found at the mouth of the Coquitlam River, known for its Pacific Coast fish. The name Coquitlam is an aboriginal word meaning salmon.

Port Coquitlam has experienced significant growth after its incorporation in 1913. At the same time, the City has also retained its small-town charm and its authentic historic downtown core.

Family-friendly Port Coquitlam was named B.C.’s third most livable city and 33rd out of 200 in Canada.

The residents of Port Coquitlam are aware of its special qualities, including affordability, parks and trails, a quaint historic downtown core, an enviable central location, and a strong sense of community spirit. It’s easy to get around using the extensive network of trails and bike lanes.

There are 10 neighbourhoods that make up the city of Port Coquitlam. The neighbouring cities to Port Coquitlam are Port Moody, Coquitlam, and Maple Ridge.

Port Coquitlam Real Estate Market

The City’s housing and land are among the most affordable in the region north of the Fraser River. Also, the property owners benefit from some of the lowest tax rates in Metro Vancouver.

The average benchmark price of a home in Port Coquitlam in September 2020 was $788,800 with a price index of 270.0. This price was 1.6% more than in August 2020 and 61.8 % more than 5 years back in 2015.

There are many new construction home developments going on in Port Coquitlam by some big real estate developers & builders, mostly condos & townhomes. These developments include The Bloc by MacLean Homes, ALBA condos by Mondevo, Mackenzie Park condos by Redekop Reddale Group, and so on.

Hot Neighbourhoods in Port Coquitlam

Central Post Coquitlam is the hot neighbourhood with most new construction home developments going on in Port Coquitlam. Almost all are new condo developments in this neighbourhood.

Port Coquitlam Housing Market Stats

If you’re interested in learning about the Port Coquitlam’s real estate market and how it has changed over the year, Listings Nearby provides you housing market stats that 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 46 which was 17.9% more than 39 sales in August 2020. The median price in September 2020 was $1,052,500.
• The sale of townhomes in September 2020 was 29 which was 20.8% more than 24 sales in August 2020. The median price in September 2020 was $675,000.
• The sale of condos/apartments in September 2020 was 38 which was 2.6% less than 39 sales in August 2020. The median price in September 2020 was $500,000.

It is a good idea to first consider whether the city will be the right for you and your family before buying a real estate. A quick glance at the data can help determine that.