This past week we saw a huge uptick in the number of homes listed.

Here in Port Moody, there were 24 new listings 6 sales and and 15 price adjustment. Some townhomes shown as sold are presale units that were bought in 2022. In Coquitlam there were 11 new listings, 63  sold properties and 18 price adjustments.

Read the entire report for the past past seven days.

Should I buy a presale or resale townhome?

New construction 3 bedroom homes sales for the past five years have seen an uptick in activity. It is no surprise as single family homes benchmark at well over $1,999,000  the missing middle is where buyers are looking

If you are looking for a 3 bedroom multi-level townhome in Coquitlam, be prepared to pay over $1.2M + GST  in West Coquitlam. If you head over to Burke Mountain you can still find 3 level townhomes for under $1M.

(Click to see interactive pricing)

If you are not worried about waiting 1-2 years to move in, an already build townhome might be what you are looking for.
They are $200-$250K less expensive that newer built homes, and sometimes can offer larger floor plans.

The market has been