Town Centre, Vancouver - August 2026 Real Estate Report

Town Centre, Coquitlam: Here's What Your Home Is Actually Worth Right Now

If you live in Town Centre and you're still relying on your BC Assessment notice to know what your property is worth, you're working with old news. The market has moved. Here's the real picture.

The Vibe: What's Happening on the Ground

Let's break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Holding Steady, But Watch the Trend

Houses in Town Centre are sitting at an average sale price of $1,346,000, with price per square foot coming in at $672. Sales volume is thin - only 1 house sold this month - so we're not reading too much into any single number. But the direction matters.

• Average sale price: $1,346,000
• Price per square foot: $672
• HonestDoor predicted value: $1,322,367
• 3-month moving average: $1,323,289 (values are easing slightly)
• Recent value change: -1.21%
• Estimated rent: $5,032 per month
• Rental yield: 4.30%
• Growth rank: 4 out of 13 neighbourhoods in Coquitlam - above average
• Price rank: 9 out of 12 - below average for price in Coquitlam

The honest read here? Houses in Town Centre are taking a breather. Values have dipped -1.21% recently and the predicted value is just below the 3-month average. That said, a growth rank of 4 out of 13 puts us in the top tier of Coquitlam neighbourhoods. We're not leading the pack, but we're not falling behind either. For landlords, a 4.30% rental yield is a decent return in this market.

Condos - A Bigger Drop Worth Paying Attention To

This is where things get more interesting. Condo sale prices dropped 18.8% from last month, landing at an average of $586,500. That's a number that deserves context - only 2 condos sold, so one lower-priced unit can swing the average hard. Still, the trend lines are pointing down.

• Average sale price: $586,500 (down 18.8% from last month)
• Price per square foot: $623
• HonestDoor predicted value: $617,993
• 3-month moving average: $620,819 (values are softening)
• Recent value change: -0.88%
• Estimated rent: $2,987 per month
• Rental yield: 3.61%
• Growth rank: 8 out of 13 neighbourhoods in Coquitlam - below average
• Price rank: 6 out of 9 - below average for price in Coquitlam

For condos, we're sitting in the bottom half of the Coquitlam neighbourhood leaderboard on both growth and price. The HonestDoor predicted value of $617,993 is actually higher than what units are selling for right now - which tells us the market is moving faster than the data can keep up with. Nearby Eagle Ridge condos are predicted at $546,543, so we still have a price advantage over some neighbours. But the gap is narrowing.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about your BC Assessment - it's a snapshot from July 1st of the previous year. The market since then has shifted. The HonestDoor Price updates in real time, pulling in actual sales data, neighbourhood trends, and current market signals.

For houses, the HonestDoor predicted value is $1,322,367. For condos, it's $617,993. These numbers reflect what's happening now - not what was happening 12 to 18 months ago when your assessment was calculated. If you're making any financial decision based on your home - refinancing, selling, even just knowing your net worth - the HonestDoor Price is the number to start with.

Think of your assessment as a history book. The HonestDoor Price is today's newspaper.

The So What - Thinking About Selling This Summer?

If you own a house in Town Centre and you're thinking about listing this summer, here's the straight talk. You're in a neighbourhood that ranks above average for growth in Coquitlam, but values have dipped slightly and the market is quiet. One sale a month is not a feeding frenzy. Pricing sharp and presenting well will matter more than it did two years ago.

If you own a condo, the window for peak pricing may have already passed for this cycle. An 18.8% drop in average sale price month-over-month - even accounting for low volume - is a signal worth taking seriously. If selling is on your radar, waiting for the market to bounce back is a gamble right now.

For both property types, the move is simple. Check your HonestDoor Price today, compare it to what's actually selling nearby, and have a real conversation about timing. The neighbours who sell smart this summer will be the ones who went in with accurate numbers - not last year's assessment and a hope.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.