# How Much House Can I Afford in Coquitlam?

> Affordability in Coquitlam is a calculation of three things: your down payment, your qualifying income against the federal stress test...

**Source:** https://soldbycraig.ca/how-much-house-can-i-afford-coquitlam/  
**Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West  
**Site:** https://soldbycraig.ca

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Coquitlam · Affordability

## How much house can I afford in Coquitlam?

Affordability in Coquitlam is a calculation of three things: your down payment, your qualifying income against the federal stress test, and the actual price tier of the Coquitlam neighbourhood you are targeting. Here is the straight read.

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Quick Answer

How Much House Can I Afford in Coquitlam?

Affordability in Coquitlam is a calculation of three things: your down payment, your qualifying income against the federal stress test, and the actual price tier of the Coquitlam neighbourhood you are targeting. Here is the straight read. **Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS®** and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

Affordability · Coquitlam

## The four numbers that actually determine your Coquitlam buying power.

Coquitlam home prices vary dramatically by neighbourhood and product type. The same household income that comfortably buys a North Coquitlam condo may not qualify for a detached home on Burke Mountain. The four numbers that actually matter:

### Down payment

Minimum 5% on the first $500,000 of purchase price + 10% on the portion from $500,000 to $1,499,999.99 + 20% on the portion above $1,500,000 (per the federal CMHC rules effective December 2024). For a $1,200,000 Coquitlam home that is $25,000 + $70,000 = $95,000 minimum down.

### Mortgage stress test

Federal qualifying rate is the higher of (a) the rate offered + 2% or (b) the OSFI benchmark. Run your numbers at the stress-test rate, not the rate the lender quotes for the contract.

### Property Transfer Tax (BC)

1% on first $200,000 + 2% from $200,001 to $2,000,000 + 3% from $2,000,001 to $3,000,000 + 5% above $3,000,000. First-time buyer exemption applies on qualifying purchases under $835,000 (full) and partial up to $860,000.

### Closing costs

Budget 1.5–2% of purchase price for closing — legal fees, title insurance, adjustments, home inspection, and Property Transfer Tax (less any rebates). On an $1,100,000 Coquitlam purchase that is $16,500–$22,000.

## Talk to a Coquitlam REALTOR® who knows.

Craig Johnston is a 47-year Coquitlam resident and licensed REALTOR® at The MACNABS, Royal LePage Elite West. Top 1% Team Member — Greater Vancouver REALTORS®. Talk through your specific situation — no pressure, no obligation.

[Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/)
[Call 604-202-6092](tel:+16042026092)
[Email Craig](mailto:Craig@SoldByCraig.ca)

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