April brought a noticeable shift to the Metro Vancouver real estate market—and here in the Tri-Cities, we’re feeling it too.
With inventory reaching its highest level in over a decade and sales continuing to slow, buyers in Coquitlam, Port Moody, and Port Coquitlam are seeing more choice and less pressure. Whether you're looking to make a move or simply staying informed, understanding how these broader trends affect our local market is key.
TOWNHOMES
APARTMENTS
For more detailed data, visit the official Real Estate Board of Greater Vancouver MLS® Home Price Index.
With inventory reaching its highest level in over a decade and sales continuing to slow, buyers in Coquitlam, Port Moody, and Port Coquitlam are seeing more choice and less pressure. Whether you're looking to make a move or simply staying informed, understanding how these broader trends affect our local market is key.
Metro Vancouver Snapshot
According to the Greater Vancouver REALTORS®, 2,163 homes sold in April—23.6% lower than April 2024 and well below the 10-year average. Meanwhile, 6,850 new listings hit the market, and total inventory climbed to 16,207 active listings, the highest level since 2014.
Economic uncertainty—including trade tensions with the U.S. and a looming federal election—may be contributing to buyer hesitation. But for those who remained active, the market offered more selection, less competition, and favourable borrowing conditions.
There are positives in the current market worth highlighting — especially for buyers. Inventory has reached its highest level in over a decade, prices have remained relatively stable, and borrowing costs are at their lowest in years.”— Andrew Lis, Director of Economics and Data Analytics, GVR
How This Is Playing Out in the Tri-Cities
In Coquitlam, Port Moody, and Port Coquitlam, we’re seeing many of the same trends:- More detached listings are hitting the market, giving move-up buyers more breathing room.
- Townhomes and condos remain steady in price but are sitting longer, with buyers having more time and leverage.
- Local sellers must be strategic with pricing and presentation, as buyers are taking their time and comparing options.
Segment Breakdown
DETACHED HOMES
Sales slowed across most areas, including the Tri-Cities. While prices have remained stable, sellers may need to adjust expectations in today’s more competitive market.- Active Listings: 5,856
- Sales: 578 (↓ 29% vs. April 2024)
- Benchmark Price: $2,021,800
- Average Days on Market: 35
TOWNHOMES
- Active Listings: 2,530
- Sales: 442 (↓ 23.8%)
- Benchmark Price: $1,102,300
- Average Days on Market: 25
APARTMENTS
- Active Listings: 7,219
- Sales: 1,130 (↓ 20.2%)
- Benchmark Price: $762,800
- Average Days on Market: 31
Tri-Cities Stats
What This Means for You
If you’ve been waiting for the right time to enter the market, this may be it. Buyers in the Tri-Cities now have more leverage than they’ve had in years—with increased supply, stable prices, and fewer bidding wars. For sellers, the shift means standing out matters more than ever. Strategic pricing, great photos, and strong marketing are key.
Let’s Make a Plan Together
At the Kyle Lamb Real Estate Group, we blend data-driven insights with deep local knowledge in the Tri-Cities. Whether you're curious about your home’s value, exploring your next move, or just keeping an eye on the market, we’re here to guide you every step of the way.
📞 Questions? Let’s connect.
We’d be happy to chat about your goals and how we can help.
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Kyle Lamb, PREC
Realtor® | kyle@kylelambrealestate.com | 604-818-2080
James Anderson, PREC
Realtor® | james@kylelambrealestate.com | 604-619-4523