Port Moody, BC Housing Market Update: September 2026

Port Moody’s housing market cooled alongside the rest of Metro Vancouver this summer, with sales pulling back even as the number of homes for sale stayed well above historical norms. As a Luxmore Realty agent who works with buyers and sellers across the Tri-Cities, I’ve been fielding a lot of the same question lately: is this a good time to buy in Port Moody, or should sellers hold off? Here’s what the latest regional data says, and what it means for anyone watching the Port Moody market specifically.

Key Takeaways

• Metro Vancouver home sales fell 9.8% year-over-year in July 2026, according to Greater Vancouver REALTORS® (GVR) data reported through CREA — a trend that has touched every sub-market in the region, including Port Moody.
• The region-wide MLS® Home Price Index composite benchmark sat at $1,088,800 in July 2026, down 6.2% from July 2025.
• Active listings across Metro Vancouver were 26.8% above the 10-year seasonal average, giving today’s buyers more selection and more negotiating room than they’ve had in years.
• Port Moody’s Inlet District (formerly Coronation Park) broke ground in late 2025, backed by a $165 million federal loan, and will eventually add more than 5,500 new residents to the city.

What’s Happening Across Metro Vancouver Right Now

Port Moody sits inside the Greater Vancouver REALTORS® reporting area, so its market moves largely in step with the broader regional trend. According to GVR data published through CREA, Metro Vancouver logged 2,061 residential sales in July 2026, down 9.8% from the 2,286 sales recorded in July 2025, and 18.6% below the 10-year seasonal average of 2,532 sales.

New listings told a similar story: 4,991 properties came onto the market in July 2026, an 11.5% decrease from July 2025. That drop in new supply is starting to show up in overall inventory, though total active listings of 16,476 units were still 26.8% above the 10-year seasonal average — meaning there’s more choice for buyers right now than the market has typically offered.

GVR’s chief economist, Andrew Lis, noted that the sales-to-active-listings ratio came in at 13% region-wide in July, with detached homes at 10.5%, attached homes at 15.8%, and apartments at 14%. As a rule of thumb, ratios below 12% for a sustained period tend to put downward pressure on prices, while ratios above 20% tend to push prices up. Right now, Port Moody and its Tri-Cities neighbours are sitting in a fairly balanced middle ground.

Home Prices in the Port Moody Area

The region-wide MLS® HPI composite benchmark price for all residential properties was $1,088,800 in July 2026, a 6.2% decrease from July 2025 and a 0.9% dip from June. Broken out by property type across the GVR region:

• Detached homes: benchmark price of $1,822,900, down 7% year-over-year
• Townhouses/attached homes: benchmark price of $1,030,400, down 6% year-over-year
• Apartments: benchmark price of $688,000, down 7.5% year-over-year

Port Moody’s own housing stock leans heavily toward townhomes and lower-rise condos, particularly around Newport Village, Suter Brook, and the Inlet Centre corridor, alongside detached homes in Heritage Mountain and Glenayre. If you’re weighing a specific Port Moody property, I’d rather pull current, address-specific comparables for you than quote a citywide number that may not reflect your street — reach out and I’ll walk you through it.

Buyers: More Room to Negotiate Than in Recent Years

If you’ve been priced out of Port Moody in past years, this is worth paying attention to. With inventory sitting well above the 10-year seasonal average and sales activity soft, buyers have more leverage to negotiate on price, request subject removals, and take their time on due diligence than they did during the tighter markets of 2021 and 2022. I’m seeing this play out most clearly on townhomes and apartments, where the sales-to-listings ratio is a bit healthier than on detached homes but still favours buyers over sellers.

Sellers: Pricing Accuracy Matters More Than Ever

For sellers, a softer market with more competing listings means pricing strategy is doing more of the work than it did a few years ago. Overpricing in this environment tends to result in a longer time on market and eventual price reductions — buyers are watching days-on-market closely and will factor a stale listing into their offer. In my experience helping sellers list in the Tri-Cities this year, homes priced realistically against recent, comparable sales from the start are still moving, even in a slower market.

What’s Coming to Port Moody

The biggest long-term story for the local market is the Inlet District, formerly known as Coronation Park, where developer Wesgroup Properties broke ground on the first residential tower in late 2025. Backed in part by a $165 million federal loan, the project’s first phase will bring 299 new homes along with a grocery store and daycare, according to Tri-Cities Dispatch. The full master-planned community is expected to add more than 5,500 new residents to Port Moody over time — a scale of growth that will reshape demand for everything from schools to transit to retail in the years ahead.

For buyers thinking long-term, new supply of this size is worth watching closely, since it can affect resale competition and neighbourhood character in surrounding areas like Inlet Centre and Moody Centre.

Frequently Asked Questions About the Port Moody Housing Market

Is now a good time to buy a home in Port Moody, BC?

For buyers with financing in place, current conditions favour negotiation: inventory is well above historical norms and sales have softened. It’s a more buyer-friendly market than Port Moody has seen in several years, though every property and price point is different.

Are home prices dropping in Port Moody?

Across the broader Metro Vancouver region that includes Port Moody, the MLS® HPI composite benchmark was down 6.2% year-over-year as of July 2026. Port Moody-specific pricing can vary by neighbourhood and property type, so it’s worth reviewing current comparables for your situation.

What new developments are coming to Port Moody?

The Inlet District (formerly Coronation Park) is the largest development in Port Moody’s history, with its first phase of 299 homes now under construction and more than 5,500 new residents expected once the full community is built out.

Should I sell my Port Moody home now or wait?

That depends on your goals and timeline. With more inventory on the market, accurate pricing based on recent comparable sales matters more than ever. I’m happy to run a no-obligation market analysis on your specific property.

Ready to Talk Through the Port Moody Market?

Whether you’re watching Port Moody from the sidelines, ready to make a move, or wondering what your home is worth in today’s market, I’d love to help you make sense of the numbers. As a Luxmore Realty agent working across the Tri-Cities, I can pull current comparables for your specific street and walk you through what these regional trends mean for your situation. Call me at (778) 960-8269 or visit stephaniewong.ca to schedule a free consultation.