Tri-Cities Real Estate Market Update | September 2026

by Kyle Lamb

September Tri-Cities Market Update: Apartment Sales Slow as Prices Continue to Ease

This page is updated monthly with the latest Tri-Cities real estate statistics.

Metro Vancouver’s housing market remained subdued in September, with sales below last year and typical seasonal levels. Apartment sales drove the overall decline, while detached and attached home sales edged up compared to September 2025.

Inventory remained well above the long-term seasonal average, giving buyers plenty of options. Benchmark prices continued to soften across all major property types, although individual communities followed different patterns.

For buyers, these conditions can provide more time to compare homes, complete due diligence, and negotiate. For sellers, realistic pricing and thoughtful presentation remain important in a market where buyers have considerable choice.

GREATER VANCOUVER SNAPSHOT

According to Greater Vancouver REALTORS®, residential sales totalled 1,717 in September, down 8.4% year over year and 25% below the 10-year seasonal average.

There were 5,852 new listings, down 10.3% from September 2025 but 5.7% above the seasonal average. Active inventory totalled 16,394 homes, down 4% year over year and 24.3% above the 10-year seasonal average.

The sales-to-active listings ratio was 10.9%. By property type, the ratio was 9.7% for detached homes, 12.2% for attached homes, and 11.4% for apartments. GVR notes that a ratio below 12% over a sustained period typically puts downward pressure on prices.

The composite benchmark home price was $1,075,900, down 5.5% from September 2025.

Apartment sales fell 18.6% year over year, while detached sales increased 4.2% and attached sales increased 0.6%. The regional slowdown was therefore concentrated in apartments, rather than being uniform across all property types.

LOCAL MARKET HIGHLIGHTS

Port Moody | September 2026 Real Estate Overview

Port Moody benchmark prices declined across detached homes, townhomes, and apartments in September. Townhomes recorded the largest monthly decrease at 4.7%, followed by detached homes at 3% and apartments at 0.6%.

The detached benchmark was $1,903,500, down 8.4% year over year. Townhomes were $940,900, down 5.2%, while apartments were $676,200, down 4.9%.

Port Moody September 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: Prices softened across all three property types, with the largest monthly adjustment in townhomes. Sellers should use current comparable properties when setting their price.

Coquitlam | September 2026 Real Estate Overview

Coquitlam benchmark prices moved lower across all three property types. Detached prices decreased 0.9% from August, townhomes declined 1.2%, and apartments declined 0.9%.

The detached benchmark was $1,584,400, down 6.6% year over year. Townhomes were $976,600, down 6.5%, and apartments were $640,100, down 7.3%.

Coquitlam September 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: Price declines were relatively consistent across property types, with apartments recording the largest annual decrease. Buyers and sellers should assess competition within their specific neighbourhood and price range.

Port Coquitlam | September 2026 Real Estate Overview

Port Coquitlam’s benchmark prices declined across detached homes, townhomes, and apartments. Detached prices edged down 0.3% from August, while townhomes and apartments each declined 1.5%.

The detached benchmark was $1,240,600, down 8.5% year over year. Townhomes were $834,300, down 7.8%, while apartments were $550,000, down 9%.

Port Coquitlam September 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: Detached prices saw a smaller monthly adjustment than townhomes and apartments, but all three benchmarks remained below last year.

Maple Ridge | September 2026 Real Estate Overview

Maple Ridge showed a mixed monthly price picture. Detached benchmark prices declined 1.9% from August and townhomes declined 0.5%, while apartment prices rose 1.8%.

The detached benchmark was $1,155,900, down 7.7% year over year. Townhomes were $700,800, down 8.1%, and apartments were $513,400, down 2.6%.

Maple Ridge September 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: Apartment prices improved during the month, while detached and townhouse prices softened. All three benchmarks remained below September 2025, and one month’s increase does not establish a longer-term trend.

Pitt Meadows | September 2026 Real Estate Overview

Pitt Meadows also recorded a monthly increase in apartment benchmark prices, up 2.1% from August. Detached prices declined 0.9%, while townhomes declined 1.3%.

The detached benchmark was $1,178,600, down 2.9% year over year. Townhomes were $737,500, down 8.7%, and apartments were $558,200, down 2.4%.

Pitt Meadows September 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: Apartment prices edged higher during September, but annual benchmarks remained lower across all three property types. Townhomes recorded the largest year-over-year decline.

WHAT THIS MEANS FOR YOU

For Buyers

September’s subdued regional sales and above-average inventory continue to provide choice and negotiating flexibility. Buyers may have more time to assess comparable homes, arrange inspections, and consider terms that suit their needs.

Benchmark prices are lower than last year across the Tri-Cities, Maple Ridge, and Pitt Meadows. However, the monthly picture varies: apartments in Maple Ridge and Pitt Meadows recorded price increases even as the regional apartment benchmark declined.

A regional headline cannot tell you how much competition a particular home will attract. Focus on recent comparable sales, the available alternatives, and your budget when deciding whether a property represents good value.

For Sellers

Buyers remain selective, and regional inventory is still well above typical September levels. Strong presentation, professional marketing, and a price supported by current local evidence can help your home stand out.

Although detached and attached sales increased slightly year over year across Metro Vancouver, benchmark prices declined in both segments. Stronger sales activity does not necessarily mean prices are rising.

Be prepared to review competing listings, buyer feedback, and recent sales as your listing progresses. A strategy based on today’s conditions is more useful than relying on prices achieved earlier in the year.

READY FOR A CUSTOMIZED STRATEGY?

September’s results show a market that continues to favour buyers across much of the region, with elevated selection and softer prices. However, conditions differ by community and property type.

Detached and attached sales held up better than apartment sales across Metro Vancouver. Locally, benchmark prices fell across the Tri-Cities, while apartments in Maple Ridge and Pitt Meadows recorded monthly gains.

Whether you’re planning to buy, sell, or simply monitor your home’s value, understanding your specific market can help you make a more informed decision.

Let’s talk about your goals and create a strategy tailored to today’s market.

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Kyle Lamb, PREC
kyle@kylelambrealestate.com
604-818-2080

Kyle Lamb Portrait, Port Moody Realtor