The Coquitlam Detached House Opportunity: Why Now is the Time to Move

The real estate landscape in Coquitlam has reached a unique tipping point. While the condo and townhouse segments remain relatively balanced, the detached home market is firmly in buyer territory. If you have been waiting to trade your strata property for more space and land, the current conditions offer a powerful financial advantage. 

1. The Power of the Mortgage Helper

One of the strongest arguments for moving into a detached home right now is the rental income potential. In Coquitlam, a 2-bedroom basement suite currently rents for approximately $2,300 to $2,700 per month. 

• Mortgage Coverage: At a $2,300 rental rate, this income can effectively cover roughly $450,000 in mortgage principal (depending on current interest rates).

• Strata Savings: By moving out of a condo or townhouse, you immediately eliminate monthly strata fees, which can range from $300 to $600+ depending on the building. These savings can be redirected toward your increased property taxes and insurance (for a guide to all associated costs, see this article on the true cost of homeownership). 

2. Market Conditions: Buyers Hold the Leverage

As of December 2025, detached home inventory has increased significantly.

• Price Adjustments: Benchmark prices for detached homes in several Coquitlam neighborhoods have seen annual decreases of 3% to 5%. For a detailed breakdown of local market stats, check the latest Greater Vancouver Market Report Infographics.

• Negotiating Power: With properties sitting on the market for an average of 30 to 33 days, buyers have more room to negotiate price, subjects, and closing dates than they have in years. 

3. Calculating the Total Cost of Ownership

While the mortgage-helper suite and strata savings are huge wins, it is important to factor in the change in carrying costs:

• Property Taxes: Detached homes typically face higher annual property taxes than condos. Coquitlam's 2025 tax rates saw an average municipal increase of roughly 6.83%.

• Insurance: Unlike a strata where your fees cover the building's exterior, as a detached homeowner, you are responsible for the entire property's insurance, which has seen upward pressure due to rising construction costs.

The Bottom Line

The "buy low" opportunity for detached houses is here. By leveraging the high rental demand in Coquitlam and the current lull in house prices, you can secure a long-term asset that pays for a significant portion of its own costs.

If you are interested in exploring specific listings that fit this profile, you can search all active listings on my website here.