Tri-Cities Weekly Update | 12/01–12/07

Hello Tri-Cities friends! The holiday season is underway — this week we’re seeing festive lights, community markets and housing news shaping our corner of Metro Vancouver. Here’s your local update, from Port Coquitlam to Coquitlam and Port Moody.

🎉 Community Events

Parade of Lights — Port Coquitlam
Date: Saturday, Dec 6, 2025
What to expect: Downtown PoCo will glow with festive lights, local businesses, families, and holiday spirit as the community gathers for one of the year’s biggest seasonal events. Great for families, couples, and anyone wanting to soak up the holiday vibe.

Holiday Markets & Winter in the City — Port Coquitlam
Dates: Through December (starting this week)
Details: Markets, holiday-themed events, Christmas décor and community celebrations across the city. A chance to support local vendors, find unique gifts, and enjoy seasonal goodwill. 

📰 Local News + Openings

• Housing investment in Coquitlam: On the heels of Canada Mortgage and Housing Corporation (CMHC) and provincial housing initiatives, new funding announced for Coquitlam could support future housing supply and affordability efforts. 

• Port Moody housing-supply trend: A recent municipal report showed a 70 % drop in new development applications — despite previously being ahead of provincial housing targets. If this trend holds, future supply may tighten. 

🏘️ Bite-Sized Market Update: Months of Inventory

This week’s real estate story is all about Months of Inventory (MOI) — one of the clearest indicators of whether we’re in a buyer’s, balanced, or seller’s market.

Quick refresher:

• 1–3 months MOI = Seller’s Market

• 4–6 months MOI = Balanced Market

• 6+ months MOI = Buyer’s Market

Here’s where each Tri-Cities market stands right now:

Port Moody — 7.35 MOI (Buyer’s Market)

With 338 active listings and 46 sales, Port Moody has moved firmly into buyer’s-market territory. Homes are taking longer to sell, and buyers may have more leverage on price, conditions, and negotiation. This lines up with the slower days-on-market trend we’ve been seeing recently.

Port Coquitlam — 5.23 MOI (Balanced Market)

With 319 actives and 61 sales, PoCo is sitting in that middle zone where neither buyers nor sellers have a strong upper hand. Well-priced homes are still selling steadily, but the frenzy of early fall has cooled.

Coquitlam — 8.65 MOI (Buyer’s Market)

Coquitlam has the highest inventory relative to demand this week — 1,263 listings and 146 sales. This pushes the city deeper into buyer’s-market conditions. More selection and slower turnover mean buyers have time to shop around and negotiate.

What It Means for You

If you're buying, Coquitlam and Port Moody may offer more flexibility this winter. If you're selling, strong pricing and great presentation matter more than ever — especially in neighbourhoods where buyers have plenty to choose from.

🌲 Neighbourhood Spotlight: Traboulay PoCo Trail (Port Coquitlam)

If you’re looking for a local gem — the Traboulay PoCo Trail is a 25-kilometre loop around Port Coquitlam offering wetlands, forest, river views and a mix of rural-meets-suburban charm. 

• Great for: Walkers, cyclists, families, dog-owners, outdoor lovers

• Housing nearby: Mostly suburban homes and townhomes — appealing to families or downsizers who want outdoor lifestyle + quick access to city amenities

• Lifestyle perks: Easy access to nature + proximity to amenities = a solid balance of lifestyle & convenience

☕ Atlas Team Picks

Angelo’s Pick: Holiday lights, hot cocoa, and strolls through PoCo’s Parade of Lights — great for Olive (his dog) and for families looking to get into the festive spirit early.

Liam’s Pick: Keep an eye on Coquitlam’s new housing investment announcement — could shift supply dynamics when interest rates stabilize.

Dara’s Pick: The holiday markets kicking off across the Tri-Cities — perfect time to support local makers and small businesses while getting into gift-buying mode.