Coquitlam is a fast-growing city with composed of different new build housing options, mostly detached single-family homes and attached townhome complexes. There are 2 mainly hot neighbourhoods in Coquitlam where most of the new townhome projects are under construction. These neighbourhoods are Burke Mountain with 10 new townhome projects, and Coquitlam West with 7 new townhome projects.

New build townhomes that fall in the three to four-bedroom range, seem to be the ideal purchase for small families and real estate investors.

New Construction Townhouse Projects in Coquitlam

Currently, there are many new townhouse projects in progress by some local real estate builders & developers. These projects are in their different phases of construction viz; preconstruction, construction, or some of them have even completed their construction and ready to move-in. Some of these projects include 64 townhomes by Brydon Projects, 138 spacious 3-bedroom homes by Mann Group & Pollyco Group, 85 three- and four-bedroom townhomes by Archwood Developments, 38 truly unique modern farmhouse townhomes by Castle Hill Homes, and 107 three and four bedroom townhome development by Essence Properties.

Preconstruction Townhomes in Coquitlam

If you are not in a hurry to move-in, it is very wise decision to invest in townhouse real estate projects which are in preconstruction phase of their development. It is beneficial both for seasoned investors and new home buyers. You get enough time to make the full payment to the developer and thus defer your mortgage to start. Since the sale prices have been consistently growing in Coquitlam in the last few years, it is a very viable market for investors and home buyers to invest in the preconstruction phase.

If the preconstruction townhome is in a gated community, that increases the property value substantially over a period. It is always a plus for the average home buyer or the investor giving these properties a high appreciation rate.

Presale Townhomes in Coquitlam

Buying or investing in a new townhome in its presale period is the best thing you can think of and is the hottest trend in the lower mainland. You own a new townhouse at its lowest starting price, thus gain maximum appreciation in the price over a period.

During the presale period which lasts only for a few days, some big developers offer a huge discount in the price, others offer luxury name brand appliances, cabinets, windows, etc., some offers flexibility in the payments. A serious buyer or an investor must grab this opportunity as soon as you can before it is over.
After condos, presale of townhomes is driving the real estate growth in Coquitlam. This is quite apparent in the ongoing multiple presale townhouse showings and presentations.

Coquitlam Real Estate Market Stats in Townhomes

Listings Nearby provides 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 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.

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

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