New Construction in Port Moody, BC: What's Coming in 2026

Port Moody is in the middle of the biggest building wave in its history, and most of it is happening within walking distance of the Evergreen Extension SkyTrain line. Two major projects anchor the shift: Wesgroup's Inlet District near Inlet Centre Station, and Beedie Living's three-tower Moody Centre development near Moody Centre Station. Together, they represent thousands of new homes planned for a city that has long been known for its small-town, waterfront feel.

I'm Stephanie Wong, a Luxmore Realty REALTOR® who works with buyers and investors across Port Moody and the Tri-Cities. Clients ask me constantly what's actually being built here versus what's still just a rendering, so here's where things stand heading into 2026.

Key Takeaways

• Wesgroup's Inlet District will eventually bring 2,587 homes across six towers to the old Coronation Park site near Inlet Centre Station, with the first phase already marketing.
• Beedie Living's Moody Centre project, approved by council in February 2025, will add 981 units across three towers near Moody Centre Station.
• A separate provincial Moody Centre Transit-Oriented Development plan targets more than 3,000 additional homes near the same SkyTrain stop.
• Both major projects include dedicated childcare space, public plazas, and significant city amenity contributions.

The Inlet District: Port Moody's Largest Project

The Inlet District is Wesgroup Properties' redevelopment of the former Coronation Park neighbourhood, a 14.8-acre site directly across from Inlet Centre SkyTrain Station. According to Tri-City News, the full build-out calls for six towers and 2,587 homes, with capacity for up to 5,500 residents, over an estimated 25-year horizon.

The first phase, called 1 Market Square, is a 27-storey tower with 299 homes, a grocery store, and a daycare, plus a second residential tower and a four-storey office building. Marketing for 1 Market Square began in January 2025, with homes starting at $450,900, and Tri-City News reports council has approved street closures tied to clearing the former single-family lots on the site. Completion of this first phase is targeted for mid-2029.

Later phases are planned to add four more towers of up to 31 storeys, three low-rise buildings, a second daycare, and a 2.5-acre central park. The whole site is designed with no surface roads — all vehicle access and parking will be underground — and the developer has proposed a future pedestrian bridge over Ioco Road connecting directly to the SkyTrain platform. Notably, ten of the heritage homes on the original site were relocated rather than demolished, moved to remote First Nations communities in partnership with Renewal Home Development, Wesgroup, and the City of Port Moody.

Moody Centre: Three Towers Near the Other SkyTrain Stop

On the other end of town, Port Moody council approved Beedie Living's Moody Centre project in a 6-1 vote after a public hearing on February 4, 2025. This project sits on two sites along St. Johns Street, with towers positioned on Spring Street and Electric Avenue, close to Moody Centre Station.

The approved plan includes three towers ranging from 32 to 38 storeys with 981 condo units, plus a separate six-storey women's transition facility on Spring Street. More than half of the units have two or three bedrooms, with no studios in the mix and an average unit size above 740 square feet. Twenty units will be offered at cost to the Kwikwetlem First Nation, and 40 to 50 deeply subsidized units at the transition site will ultimately be gifted to BC Housing.

The project also brings up to 72,000 square feet of commercial and office space, which the city estimates could support 520 to 555 jobs, along with a 20,000-square-foot public plaza, 21,000 square feet of indoor amenity space, and childcare for up to 110 children. Per Tri-Cities Dispatch's coverage of the council vote, community-benefit figures tied to the approval include more than $97 million in total benefits and $27.8 million from development levies, density bonus payments, and community amenity contributions. Build-out is expected over roughly a decade, though no construction start date has been announced yet.

A Third Layer: The Province's Moody Centre TOD Plan

Separately from the Beedie project, the Province of BC has been advancing its own Moody Centre Transit-Oriented Development plan, coordinated with the various landowners around the station. Per the province's page (last updated July 2026), the master-planned area is expected to deliver more than 3,000 new homes for over 5,000 residents, along with a grocery store, a public plaza fronting the station, artist studios, retail space, parks, and a pedestrian overpass connecting to Rocky Point Park. The province has also proposed redeveloping a government-owned, two-acre parcel in the area specifically for rental housing.

Taken together, the Inlet District, the Beedie towers, and the province's TOD plan point toward the same conclusion: Port Moody's two SkyTrain stations are becoming the city's two new population centres, with its waterfront parks and historic downtown core staying largely as they are today.

What This Means If You're Buying or Investing

For buyers, the presale activity at 1 Market Square is the most concrete entry point right now, with multi-year completion timelines that give room to plan financing. For longer-term investors, the scale of approved density around both stations — nearly 2,000 units between the Beedie and first-phase Inlet District towers alone, before the province's TOD homes are counted — suggests sustained rental demand as these buildings fill in over the coming decade. As always, I'd encourage anyone considering a presale purchase to review the disclosure statement carefully and budget for the years-long completion timelines these large projects typically carry; this isn't financial advice, just the pattern I see with Tri-Cities presale construction.

Frequently Asked Questions About New Construction in Port Moody

Q: What is the Inlet District in Port Moody?
It's Wesgroup's redevelopment of the former Coronation Park site near Inlet Centre SkyTrain Station, planned for six towers and 2,587 homes over roughly 25 years. The first phase, 1 Market Square, began marketing in January 2025 with a targeted mid-2029 completion.

Q: How many new condos is Beedie Living building in Port Moody?
Beedie Living's approved Moody Centre project includes 981 units across three towers of 32 to 38 storeys, plus a separate six-storey supportive housing building, near Moody Centre Station.

Q: Is there a government housing project planned for Moody Centre too?
Yes. The Province of BC has its own Moody Centre Transit-Oriented Development plan targeting more than 3,000 homes near the station, coordinated with the area's various landowners, separate from the Beedie project.

Q: When will these new Port Moody developments be finished?
Timelines vary by phase. The first tower at the Inlet District targets mid-2029. The Beedie Moody Centre towers are expected to build out over about ten years, with no construction start date announced yet. The Inlet District's full six-tower build-out is projected at roughly 25 years.

Q: Are these new builds near transit?
Yes — both major projects sit directly beside Evergreen Extension SkyTrain stations: the Inlet District beside Inlet Centre Station, and the Beedie towers beside Moody Centre Station.

Ready to Explore Port Moody's New Developments?

Port Moody is adding thousands of new homes around both of its SkyTrain stations over the next decade, which means more presale options, more rental inventory down the road, and a shifting mix of what's available at different price points. Whether you're weighing a presale purchase at the Inlet District, curious about resale value near Moody Centre once the Beedie towers break ground, or just want a clear read on how this growth affects the rest of the city's housing stock, I can walk you through what fits your plans. Schedule a free consultation with Stephanie Wong PREC at Luxmore Realty by calling (778) 960-8269 or visiting stephaniewong.ca/contact.