Craig Johnston Personal Real Estate Corporation · Brokerage: Royal LePage Elite West
Craig Johnston Personal Real Estate Corporation · Brokerage: Royal LePage Elite West
No major forecaster publishes a Coquitlam-only forecast, and anyone who tells you exactly where prices will be next year is guessing. What is published: regional forecasts from CMHC, BCREA and CREA, the Bank of Canada’s view on rates and mortgage renewals, and Coquitlam’s own monthly numbers. Here’s all of it in one place, what would change it, and what it means if you’re planning to buy or sell in 2027.
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CMHC, Vancouver area
Sales 28,800 (2026) to 32,200 (2027). Average price $1.16M to $1.194M.
BCREA, B.C.
Sales up 7.5% in 2027, to 74,500, after a 1.2% dip in 2026
CREA, Canada
Sales up 4.4% and average price up 1.2% in 2027
Coquitlam today
Detached benchmark $1,584,400, -6.6% year over year (September 2026)
The honest read: the published forecasts point to a slow recovery in sales in 2027, with average prices roughly flat to modestly higher across the region. They were all made before the Bank of Canada’s October 28, 2026 decision, and several forecasters say rates are the biggest uncertainty.
Forecasts from CMHC, BCREA and CREA — publication dates in the table below
Every major forecaster expects more sales in 2027 than 2026, from a low base.
The regional price forecasts that go out to 2027 are within a few percent of 2026.
The policy rate is 2.25%. CREA notes markets are pricing in hikes; it assumes limited action.
Coquitlam detached sales-to-active was 9.8% in September 2026, below the 12% GVR links to downward price pressure when sustained.
I don’t publish price predictions, and I’d be careful with anyone who does for a single city. Coquitlam is a small part of a large regional market, and month-to-month numbers here move on a few dozen sales. What I can do is set out what the organizations with economists and models are forecasting for the region, show you where Coquitlam sits right now, and explain which factors would push things one way or the other.
Two things to keep in mind as you read. First, the forecasts below cover different areas (the Vancouver census metropolitan area, British Columbia, or Canada) and different measures (average price, not the benchmark price GVR uses). Second, each one was published on a specific date and can be revised; CREA has revised its 2026 forecast three times this year.
A forecast is a reasonable starting assumption, not a plan. Your plan should work even if the forecast is wrong.
| Forecaster (published) | Area | 2026 forecast | 2027 forecast |
|---|---|---|---|
| CMHC Housing Market Outlook, summer update (July 22, 2026) | Vancouver CMA | 28,800 sales; average price $1.16 million | 32,200 sales; average price $1.194 million |
| BCREA Housing Forecast, Q3 update (Aug 20, 2026) | British Columbia | 69,325 sales (-1.2%); average price $941,800 (-1.2%) | 74,500 sales (+7.5%); price not published in the release |
| CREA forecast revision (Oct 16, 2026) | Canada | 444,530 sales (-5.2%); average price $681,681 (+0.2%) | 464,235 sales (+4.4%); average price $689,909 (+1.2%) |
CMHC goes furthest out, to 2028: 32,800 sales and an average price of $1.202 million for the Vancouver area. It also published a lower alternative scenario in which the 2027 average price stays about flat on 2026. CREA’s October revision puts British Columbia’s average price down 0.8% for 2026, and doesn’t publish a provincial number for 2027.
The bank economists are more cautious about timing. RBC’s Robert Hogue, in early October, described Vancouver as “squarely in correction mode,” with weakness lasting “for the rest of this year and possibly into 2027,” and said “further depreciation will likely be necessary to draw in more buyers.”
BCREA’s chief economist, Brendon Ogmundson, put the provincial picture this way in August: “A long-awaited recovery in the British Columbia housing market appears to be underway,” while noting he expects it to be slow and gradual. Active listings in B.C. are near their highest level since 2015.
These are the latest local numbers from Greater Vancouver REALTORS®, for September 2026. They’re the starting line any 2027 change will be measured from.
| Coquitlam | Benchmark | Year over year | Sales-to-active |
|---|---|---|---|
| Detached | $1,584,400 | -6.6% | 9.8% |
| Townhouse | $976,600 | -6.4% | 13.3% |
| Apartment | $640,100 | -7.3% | 10.5% |
GVR’s guidance is that prices tend to come under downward pressure when the sales-to-active ratio stays below 12% for a sustained period, and upward pressure when it stays above 20%. Detached homes and apartments in Coquitlam are below 12%; townhouses are in between. Across Metro Vancouver, September sales were 25% below the 10-year average for the month, while active listings were 24.3% above it.
In other words, the forecasts describe a recovery in activity. Coquitlam’s numbers describe a market where buyers still have choice and time. Both can be true going into 2027: sales can rise from a low base while prices stay soft until the extra inventory is absorbed. For the month-by-month detail, see the Coquitlam market report.
Held on September 2, 2026. The next decision is October 28, 2026. CREA says markets are pricing in about a full point of hikes over the next year.
The Bank of Canada estimates the last pandemic-era five-year fixed mortgages, about 12% of all mortgages, renew between mid-2026 and mid-2027, with payments up about 15% on average.
CMHC expects Vancouver-area housing starts to fall from 27,000 in 2026 to 22,000 in 2028.
As of October 2026, the federal ban on foreign buyers is scheduled to expire on January 1, 2027, unless Ottawa extends or replaces it. B.C.’s speculation tax rate for foreign owners rises from 3% to 4% for 2027.
Rates. Fixed mortgage rates follow bond yields more than the policy rate, and CREA cut its 2026 sales forecast in October largely because of higher fixed rates. If rates rise in 2027, the forecast recovery in sales would be harder to reach; if they hold, the forecasters’ base case looks more likely.
Renewals. The Bank of Canada expects the renewal risk to have largely passed by the second half of 2027, once most borrowers facing meaningful payment increases have renewed. Most renewers so far have managed it, but owners stretched by a higher payment are one reason some homes come to market. If that’s you, see should I sell or refinance?
Supply. Fewer starts now means fewer completions in 2028 and beyond. That matters most for buyers comparing new condos with resale, and for the presale market, which has been weak across Metro Vancouver.
The deeper version is in is now a good time to buy in Coquitlam?
If you want to know what your home would likely sell for today, start with a home evaluation. You’ll get an Equity Map within 24 hours.
CMHC’s summer outlook expects the Vancouver-area rental vacancy rate to ease slightly, from 3.6% in 2026 to 3.5% in 2027, with the average two-bedroom rent rising from $2,398 to $2,451. That’s a far looser rental market than a few years ago, when vacancy was 1.6% in 2024. For investors, it means rent growth is modest and cap rates need to be checked carefully. See the Coquitlam investment property guide.
Forecasts are quoted as published: CMHC Summer Update to the 2026 Housing Market Outlook (July 22, 2026); BCREA 2026 Third Quarter Housing Forecast Update (August 20, 2026); CREA forecast revision (October 16, 2026); and RBC’s Robert Hogue as reported by BNN Bloomberg (October 7, 2026). Rates are from the Bank of Canada; renewal figures from its 2026 Financial Stability Report. Coquitlam figures are from the Greater Vancouver REALTORS® Coquitlam REALTOR® Report for September 2026, released October 2, 2026; Metro Vancouver comparisons with the 10-year average are from GVR’s September release. Tax changes are from B.C. Budget 2026 as summarized by Fasken; the GST rebate from the CRA. All read October 19, 2026. Forecasts are third-party estimates, not predictions by Craig Johnston, and can change. This page will be updated after the October 28 rate decision and the next GVR release in November 2026.
The pages below go deeper on the market and on timing a buy or sale in Coquitlam.
The latest GVR numbers for Coquitlam, by property type.
How to decide on timing without guessing the market.
What today’s market means for your sale.
Selling and buying in the same market, step by step.
How prices have moved, and what’s driving them.
Coquitlam, Port Moody, Port Coquitlam and more.
Forecasts describe the region. Your decision depends on your home, your next home and your timing. Get an Equity Map within 24 hours, or book a 20-minute call and we’ll talk through your plan.
Craig Johnston, REALTOR® V99960 · Royal LePage Elite West · 604-202-6092
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About the author
9+ year Burke Mountain resident and 47+ year Tri-Cities native, with Royal LePage Elite West. BC Real Estate License V99960, regulated by the BC Financial Services Authority (BCFSA).
Specializes in Coquitlam, Burke Mountain, Westwood Plateau, Heritage Mountain, Port Moody, Anmore acreage, and Belcarra Indian Arm waterfront. Move-up family representation, first-time buyer guidance, $2M+ luxury.
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September 2026 Coquitlam detached HPI is $1,584,400, -6.6% YoY. What that means for your buy or sell decision — without the salesy fluff. One email per month. Unsubscribe anytime.
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