Coquitlam Real Estate
Located in the Lower Mainland of British Columbia, Coquitlam real estate mixes the beautiful green landscapes of BC and the hustle and bustle of the Vancouver metropolis. Most of the 140,028 (2017) Coquitlam population commute to work in Vancouver, Burnaby, or another Metro Vancouver suburb.
With just 50% of the community identifying English as their first language, the area is a melting pot of nationalities. Coquitlam is one of the twenty-one municipalities that make up the Metro Vancouver area. The city is located on the north bank of the Fraser River between Burnaby and New Westminster to the west and Port Coquitlam and Pitt Meadows to the east.
Only 23.4% of residents who work outside the home, work within the city of Coquitlam itself. A whopping 22.2% of Coquitlam residents take public transit, bicycle or walk to work!
In recent years, the area has been transforming into one of the fastest-growing communities in the province. In 2017, the website Zolo named it the best neighbourhood in the Tri-Cities of Vancouver to buy a condo. The director of content believes that Coquitlam has exceptional commuter paths, highway access, it's close to the new SkyTrain stations, and has great parks. This is a great place to raise a family!
The area was also identified as a Cultural Capital of Canada in 2009 by the Department of Canadian Heritage, thanks to its large number of parks (2,220 acres!) and recreational opportunities.
As mentioned earlier, the city is mainly residential but has some more significant industries, including gravel extraction, wood, wholesaling and warehousing, transportation and trucking. The city hall is the biggest employer of those who live within the community, seconded by Art in Motion, and the local Hard Rock Cafe.
Coquitlam City Guide
There are a few ways to commute to Vancouver's downtown core from Coquitlam; most commuters opt to hop onto the Canada Line rapid transit system that leaves every 10 minutes, taking about 36 minutes to reach the Vancouver core. If you'd rather take the bus, jump on the TransLink that goes every 15 minutes or so and drops off commuters right downtown Vancouver (48-minute ride). If you carpool, the drive takes 33 minutes, hence why most tend to use public transit to commute!
Central neighbourhoods in Coquitlam each have their own unique communities:
- Partington Creek
- Upper Hyde Creek
- Lower Hyde Creek
- Smiling Creek
- Westwood Plateau
- Eagle Mountain
- David Avenue
- The heart of Coquitlam
- Austin Heights
- Waterfront Village Centre
Coquitlam is moderately walkable, with a score of 53, some tasks can be done on foot. Coquitlam has good transit options to get around, scoring at 54.
In contrast to downtown Vancouver, Coquitlam real estate is quite affordable. The average cost of a home is $520,400, whereas in Vancouver the average value is $1.3M.
Coquitlam Real Estate Market
|Type of Property||Number of Properties|
|Occupied Private Dwellings||45,380|
|An Apartment Building that has Five or more Storeys||4,740|
|Attached Dwelling (Other)||24,165|
|Apartment or Flat in a Duplex||6,150|
|Apartment in a Building that has fewer than Five Storeys||9,975|
|Single-Attached House (Other)||5|
|Dwelling||Average Price ($CAD)|
The average amount of time a home sits on the market is 30 days.
What To Do In Coquitlam, BC
Because it's so close to neighbouring areas and Vancouver, those living in Coquitlam always have something to do! Because the city is known for its abundance of parks and greenspace, hiking and spending time outdoors is a favourite. There are over 80 municipal parks and natural areas, with Mundy Park located roughly in the centre of the city being the most prominent. The area also has a lot of festivals, sports teams, community centres, art galleries, theatres, and more.
With ample space for growth, Coquitlam will no doubt be the next thriving hub of Metro Vancouver. Buying real estate in the city will be a smart investment!