Tri-Cities Real Estate Market Update

by Kyle Lamb

March 2026 Tri-Cities Market Update: A Diverging Spring Market
This page is updated monthly with the latest Tri-Cities real estate statistics.

The Tri-Cities real estate market entered the spring season with a notable "wait-and-see" energy. While overall sales activity remains quiet compared to long-term historical averages, we are seeing a significant divergence between property types. Detached homes are showing surprising resilience and a spark in activity, while the condo and townhouse segments remain more subdued as buyers navigate the current interest rate environment.

Inventory levels have remained relatively flat, preventing significant downward pressure on prices for the time being. However, with global economic factors influencing mortgage rates, the market remains highly sensitive to monthly financial shifts.

GREATER VANCOUVER SNAPSHOT

According to the Greater Vancouver REALTORS® board, March home sales were 2.8% lower year-over-year, with demand sitting approximately 32% below the 10-year seasonal average.

The total number of properties for sale is roughly balanced with current demand, keeping prices stable month-over-month.
The detached segment is the "outlier," with sales up 8.3% compared to last March.
The overall benchmark price for the region is $1,104,300, representing a 6.8% decrease from one year ago.

"The aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening with sales up, and new listings down from last year."

— Greater Vancouver REALTORS®

LOCAL MARKET HIGHLIGHTS

Port Moody | March 2026 Real Estate Overview

Port Moody March 2026 real estate market snapshot showing benchmark prices, year-over-year price changes, active listings and total sales for detached homes, townhomes, and condos.

Takeaway: Port Moody continues to be a high-demand lifestyle hub. While buyers are cautious, the unique inventory near Rocky Point and the Skytrain corridor maintains a steady baseline of interest.

Coquitlam | March 2026 Real Estate Overview

Coquitlam March 2026 real estate market snapshot showing benchmark prices, year-over-year price changes, active listings and total sales for detached homes, townhomes, and condos.

Takeaway: Coquitlam is seeing the most significant "split" in the market. Move-up buyers are showing renewed interest in detached homes, while the condo market remains a high-inventory environment for buyers to explore.

Port Coquitlam | March 2026 Real Estate Overview

Port Coquitlam March 2026 real estate market snapshot showing benchmark prices, year-over-year price changes, active listings and total sales for detached homes, townhomes, and condos.

Takeaway: Port Coquitlam remains the go-to for relative affordability and family value. The market here is balanced, providing a stable environment for those looking to transition from condos to townhomes.

Maple Ridge | March 2026 Real Estate Overview

Maple Ridge March 2026 real estate market snapshot showing benchmark prices, year-over-year price changes, active listings and total sales for detached homes, townhomes, and condos.

Takeaway: Activity in Maple Ridge remains at a "wait-and-see" pace. Increased listing options mean buyers have the luxury of time to find the right property without the pressure of intense competition.

Pitt Meadows | March 2026 Real Estate Overview

Pitt Meadows March 2026 real estate market snapshot showing benchmark prices, year-over-year price changes, active listings and total sales for detached homes, townhomes, and condos.

Takeaway: Typically a lower-turnover area, Pitt Meadows is holding firm. Low inventory in this pocket helps maintain price stability even when sales volume is lower across the region.

WHAT THIS MEANS FOR YOU

For Buyers

You currently have the advantage of time and selection. With the sales-to-active listings ratio in a balanced range, you aren't facing the "frenzy" of previous years. Use this window to be thorough in your due diligence, especially as mortgage rates fluctuate.

For Sellers

The market is rewarding those who are prepared. Because buyers are in a "wait-and-see" mode, your property needs to stand out through professional presentation and a sharp pricing strategy. Accurate, market-aligned pricing is the most critical factor in attracting the active pool of buyers currently searching.

READY FOR A CUSTOMIZED STRATEGY?

Whether you’re considering a move, comparing neighbourhoods, or simply watching the market, your situation is unique - and the right strategy depends on your specific goals.

Let’s talk about what makes the most sense for you in today's market.

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