strata

“Happy Thanksgiving! A Look at Our Local Markets + A Big Thank You 🦃”

We hope you had a warm, joyful Thanksgiving surrounded by loved ones, laughter, and good food. 🍁 As we enter this season of gratitude, we’re especially thankful for you — our clients, past buyers and sellers, and those who refer us to friends, family, and neighbours. You are truly the reason we love what we do, and we never take your trust for granted.

We want to share a fresh look at what’s happening in your local real estate market — Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, and Maple Ridge. Even if you’re not thinking of moving right now, staying informed helps you understand your home’s value and the options available down the road. At Generations Real Estate Partners, “We’ve got you covered.”

🔍 🏡  Tri-Cities & Ridge-Meadows Market Snapshot — September 2025

(Data courtesy of SnapStats® — September 2025)

🌆 Port Moody

The Port Moody market continues to balance out with a 13% sales ratio for detached homes and 12% for attached, showing steady movement in both segments.

  • Detached: Avg. price $1,615,000 (↓ 11% from August) The sweet spot right now is between $1.5M–$1.75M, where well-presented homes are attracting strong interest with a 35% sales ratio.
  • Attached: Avg. price $850,000 (↑ 9%) For condos and townhomes, the most active price range sits around $1.25M–$1.5M, with Heritage Mountain and 4-bedroom units showing excellent activity.

📝 Port Moody remains a balanced market — ideal for move-up buyers who are also planning to sell within the area.

🏘️ Port Coquitlam

Detached homes have slowed to a 4% sales ratio, signaling a buyer’s market, while townhomes and condos remain brisk at 21%.

  • Detached: Avg. price $1,350,000 (↑ 13%) Buyers are finding good value in the $1.25M–$1.5M range, particularly in Lincoln Park and Mary Hill.
  • Attached: Avg. price $628,250 (−1%) The $700K–$800K range continues to perform best, with Central Port Coquitlam leading in sales and 2-bedroom homes commanding strong demand.

📝 Port Coquitlam’s affordability compared to surrounding areas continues to draw steady condo and townhouse activity.

🏙️ Coquitlam

The Coquitlam market remains in a buyer’s zone for detached homes (11%) and balanced for attached (15%), offering opportunity for both ends of the spectrum.

  • Detached: Avg. price $1,635,000 (−1%) The $1M–$1.25M price point is still the most active, with a healthy 33% sales ratio — a great space for move-up families or investors looking for value.
  • Attached: Avg. price $710,000 (−3%) The $400K–$500K range remains hot, especially around Burke Mountain, Canyon Springs, and Westwood Plateau, where townhomes continue to see strong absorption.

📝 Balanced conditions mean buyers can negotiate fairly while sellers with well-priced listings continue to see traction.

🌾 Pitt Meadows

Pitt Meadows continues its trend as a buyer’s market, with detached homes at an 11% sales ratio and attached homes at just 7%.

  • Detached: Avg. price $1,187,500 (−6%) The most activity is happening between $1M–$1.25M, where well-kept family homes are still moving quickly (50% sales ratio).
  • Attached: Avg. price $595,000 (−12%) Condos and townhomes under $600K are performing best, particularly Central Meadows and smaller 1-bedroom units.

📝 For buyers, Pitt Meadows offers some of the best entry points for detached ownership across the region.

🌳 Maple Ridge

Maple Ridge remains steady but slower, with 8% detached and 18% attached sales ratios — leaning buyer’s but showing balance in select segments.

  • Detached: Avg. price $1,190,000 (−1%) Homes between $900K–$1M continue to lead activity, sitting in a balanced zone at 17% sales ratio.
  • Attached: Avg. price $585,000 (−2%) The $600K–$700K range offers the most consistent movement (26%), especially in Silver Valley and East Central.

📝 With more inventory and motivated sellers, Maple Ridge offers great value for first-time buyers and downsizers alike.

💬 What It All Means (for You & Your Neighbors)

  • If you’re thinking of selling, now is a time to be thoughtful about pricing, presentation, and marketing. Homes that come to market priced fairly and in great condition are still generating strong interest.
  • If you’re buying or downsizing, you may have more negotiating room, and access to more inventory — especially in traditionally competitive neighborhoods.
  • If you’re waiting, staying informed doesn’t cost anything — and when the right opportunity comes, you’ll be ready.

As market conditions shift, our team is tracking everything. Whether you’re exploring your next move, considering a downsize to something more accessible, or just curious about your home’s value — reach out. We’re always here to help with insights, strategy, and connections to make your transition smooth. https://generationsrep.com/home-evaluation/

🙏 A Heartfelt Thank You

We truly believe that real estate is built on relationships — not just transactions. We are deeply grateful to each of you who has trusted us with your home journey over the years. Your referrals — whether of family, friends, or neighbors — are the greatest compliment we could receive. You help us continue our mission:

Generations Real Estate Partners — helping generations of clients, one move at a time.

From the bottom of our hearts: Thank you for being part of our story. Wishing you a cozy, joy-filled fall season ahead.

TGIF – Condo Insurance Costs Escalating.

As insurance companies reel from fires and floods they are spreading the load and strata corporations are experiencing the sudden steep increase in both insurance costs and deductibles.  As our once new condo buildings age, need maintenance and simultaneously grow exponentially in value, the costs of insuring them increase accordingly. 

Deductibles have previously been at a low between $2500 and $10,000, which in no way account for the costs of emergency measures, relocation and restoration after a flood of any kind of magnitude.  The shock comes now with deductible increases to $50,000 and $100,000. 

Stratas across the Lower Mainland are meeting to discuss the consequences and how to deal with the sudden, steep increases.  Aside from the strata corporations figuring out how to best pay for their insurance, condo owners have to cover themselves for accidentally finding themselves personally responsible for repaying the deductibles. 

In the event of a flood caused by a specific condo owner, that owner will be required to repay the portion of the deductible not covered by the strata.  If the owner has no insurance to cover all or part of the deductible, he/she is personally responsible.  It behooves every strata owner to carefully check with their own personal insurance company to ensure full coverage – the consequences of not doing that and being the unfortunate owner causing damage could be financially crippling.

This new curve ball should make strata buyers cautious in reading the fine print for a building’s insurance and how it is covering the increases.  There are stratas who are afraid that increasing maintenance fees will detract from salability, yet they should increase to cover increased insurance costs or some other required maintenance will either be shelved or all owners levied for that. So….buyers beware of static, seemingly low maintenance fees – read all of those strata documents before committing to a purchase.  And, current owners – be smart in attending meetings, voting  and being fully aware of the decisions being made. These are your homes and investments.

Stratas are complicated and our mandate is in keeping you as safe as possible – knowledge is power.  If you have any questions and need help in best dealing with these issues in a purchase or sale position, please contact us – this is our business. 

We continue in that longstanding tradition of trust and caring and remain your Generations Real Estate Partners: 

Michelle Hawthorne, Scott Johnson, Sheila Francis, Ray Harris and Shane Goutsis.