Downsizers & empty nesters · Coquitlam, Port Coquitlam & Port Moody

Downsizing in Coquitlam: Selling the Family Home

In October 2026, a typical detached home in Coquitlam was worth about $947,200 more than a typical condo. For most empty nesters, downsizing frees up real money and cuts upkeep. The keys are pricing the house well, choosing the right building, and timing the sale so you only move once.

$1,571,400Coquitlam detached benchmark
$624,200Coquitlam condo benchmark
$947,200The difference

Source: Greater Vancouver REALTORS® MLS® Home Price Index benchmark prices, October 2026.

The numbers

How much equity does downsizing free up in the Tri-Cities?

Going from a detached home to a condo freed up about $685,000 in Port Coquitlam, $947,000 in Coquitlam and $1.19 million in Port Moody, based on October 2026 benchmark prices. Going to a townhouse frees up less, but keeps more space and a ground-level door.

CityDetachedTownhouseCondoDetached to condo
Port Coquitlam$1,235,900$854,900$551,200$684,700
Coquitlam$1,571,400$962,600$624,200$947,200
Port Moody$1,868,000$895,800$680,000$1,188,000

Benchmark prices from the Greater Vancouver REALTORS® October 2026 stats package. A benchmark is the price of a typical home in that area, not an average. Your house and the home you buy can sit well above or below it, and the figures don’t include selling, legal or moving costs.

Prices have softened on both sides. Over the past year Coquitlam detached benchmarks were down 7.0% and condo benchmarks were down 9.1%. A softer condo market means more choice and more room to negotiate on the home you’re buying.

The big decision

Should I sell my house first or buy the condo first?

Most downsizers sell first or line the two up. Because the next home costs less than the one you’re selling, you rarely need bridge financing, and a longer completion date on your house gives you time to find the right place.

Our usual plan

Sell with a long completion

Sell the house and negotiate a completion date 60 to 90 days out, or longer.

  • You know exactly what you have to spend
  • You buy with a firm offer, which wins better deals
  • Time to sort decades of belongings without rushing
Buy first

Secure the right building

Lock in a specific building or floor plan before you list.

  • Good when the right unit is rare, like a corner unit or a 55+ building
  • Usually means a line of credit or bridge loan until the house sells
  • Risk: owning two homes if the house takes longer to sell
Presale

Buy new, move later

Buy a presale condo and stay in your house until it’s built.

  • New building, warranty and a modern layout
  • Completion dates can slip by months
  • Plan your house sale around the real completion date, not the estimate
What to downsize into

Condo, townhouse or 55+ building?

It comes down to stairs, space and upkeep. Condos free up the most money and the least maintenance. Townhouses keep more space and often a yard. A 55+ building gives you neighbours at the same stage of life.

Condo apartment

One-level living, an elevator, and the strata looks after the building. Lock the door and travel. The biggest equity release of the three.

Townhouse

More room for visiting kids and grandkids, a ground-level entry and often a small yard. Look for a main-floor bedroom if stairs are a concern.

55+ building

BC strata buildings can still restrict age to 55 and over. Some people are exempt, like a younger spouse or a live-in caregiver, so ask how the bylaw works in that building.

One rule changed in November 2022: BC strata buildings can no longer ban rentals. If an owner-occupied building matters to you, we’ll find out how many units are rented before you buy.

Buying into a strata

What should I check before buying a condo or townhouse?

The strata’s paperwork tells you what you’ll really pay. Before you remove subjects, read the depreciation report, recent minutes, the Form B and the contingency reserve fund balance, and look for upcoming special levies.

Money

Strata fees, the contingency reserve fund, and any special levy that’s been voted on or discussed. A low fee with a thin reserve can mean a big bill later.

The building

The age of the roof, windows, elevators and building envelope, and what the depreciation report says is due in the next few years.

The bylaws

Pets, parking, storage, renovations and short-term rentals. Check the rules fit how you want to live before you commit.

Jordan won Mike Holmes’ Handyman Superstar Challenge on HGTV and has spent his career around construction. He reads strata documents for the repairs that are coming, not just the ones that are done.

Your family home

How do I get top dollar for the family home?

Fix what buyers will pay for, skip what they won’t, and launch with marketing that brings serious buyers in the first week. After decades in a home, the right prep usually means repairs and a refresh, not a renovation.

Know the house’s story

Roof age, drain work, plumbing, electrical and any suite. Buyers of older Tri-Cities homes ask about all of it. Having the answers ready keeps deals together.

Smart pre-list fixes

Paint, lighting, small repairs, a yard clean-up and decluttering. We’ll walk the house with you and tell you room by room what’s worth doing.

A real launch

Cinematic video, drone, 3D tours and a launch event put your home in front of buyers the first weekend. See how we sell in Coquitlam.

Over the years we’ve built a list of movers, organizers, cleaners and trades we trust. We’ll connect you with the right people so the move is one less thing to manage.

Money and taxes

What costs and tax rules should downsizers know?

Budget for Property Transfer Tax on your new home, legal fees on both sides and moving costs. Check whether you qualify for the extra Home Owner Grant at 65, and know that BC’s property tax deferment program now costs more than it used to.

One-time costs

  • BC Property Transfer Tax on your new home: use our PTT calculator
  • Lawyer or notary fees for the sale and the purchase
  • Moving, storage and any pre-list fixes
  • Mortgage prepayment penalty, if you still have one

Grants and deferment

  • Home Owner Grant: homeowners 65 or older can claim the additional grant, up to $845, on homes assessed under the threshold ($2.075 million for 2026)
  • Tax deferment: available at 55 or older with enough equity. Taxes deferred in 2026 and later charge prime plus 2%, compounded monthly
  • Selling your principal residence is usually tax-free in Canada, but you still report the sale on your tax return

Sources: Province of BC Home Owner Grant and Property Tax Deferment Program pages, 2026. This is general information, not tax or financial advice. Talk to your accountant or financial advisor about your situation.

Where downsizers move

Where do Tri-Cities downsizers move?

Most of our downsizers want to stay close to family, friends and their doctor. They usually pick a walkable area near SkyTrain, shops and parks.

Coquitlam Town Centre

Condos and townhomes near Lafarge Lake, Coquitlam Centre, the library and the Evergreen Line.

Burquitlam & Lougheed

Newer high-rises and townhomes along the SkyTrain line, with shopping and services close by.

Port Moody waterfront

Suter Brook, Newport Village and Klahanie: walkable villages near Rocky Point Park and the Shoreline Trail.

Staying in your neighbourhood? We also help clients find townhomes and condos close to the house they’re leaving, so the move changes the house, not the life.

How it works with us

Your downsizing plan, step by step

Step 1

Strategy call

We price your house and talk through what you want next.

Step 2

Pick the home type

Condo, townhouse, 55+ or presale, and the areas that fit.

Step 3

Prep the house

Smart fixes, decluttering help and a launch plan.

Step 4

Sell with the right dates

A long completion so you have time to buy and pack.

Step 5

Buy with confidence

We read the strata documents with you before you commit.

Step 6

Move once

Into a home that fits the next chapter.

Real downsizing stories

After 40 years in the family home

Our clients raised their family in their Coquitlam home for 40 years. Leaving it was emotional, and we took a few years to find the right smaller place, close to their grandson. They sold, bought a home for the two of them, banked the difference, and now spend their time travelling the world.

The challenge

Leaving 40 years behind

This was the house where they raised their kids. Deciding to sell was hard, and we never pushed. We let them set the pace.

The search

Worth the wait

It took a few years to find the perfect little downsizer. It had to be right for the two of them, and close to their grandson.

The result

Cashed out and travelling

They sold the family home, bought their smaller place and put a good chunk of money in the bank. Now they’re travelling the world.

Why it worked: downsizing isn’t only about numbers. When it’s the home you raised your family in, the right timing and the right next place matter more than speed. We’ll take as long as you need.

Another downsizing story

Empty nesters who needed a big garage

When their kids moved out, our clients went looking for a half duplex or a larger townhouse. We found a three-bedroom townhouse with a double garage, then sold their Coquitlam house inside a two-week subject-to-sale window because the marketing was already done.

The wish list

Room for the toys

They wanted less house, not less life. Three bedrooms for visits, and a garage big enough for all their gear. Garage space is one of the hardest things for downsizers to find.

The offer

Two weeks to sell

We found the right townhouse with a two-car garage and made an offer subject to selling their house within two weeks.

The result

Sold in time

Their photos and floor plans were already done, so the house hit the market right away and sold inside the window.

Why it worked: downsizing doesn’t have to mean a small condo. A half duplex or a bigger townhouse can keep the space you use and drop the upkeep you don’t. And having your marketing ready before you shop turns a short subject-to-sale window into an easy win.

Questions downsizers ask us

FAQ

How much money can I free up by downsizing in Coquitlam?

In October 2026 the Coquitlam benchmark was $1,571,400 for a detached home and $624,200 for a condo apartment, a difference of about $947,200. Moving to a townhouse ($962,600 benchmark) frees up about $608,800. Your numbers depend on your house, the home you buy, and your selling and moving costs.

Should I sell my house before buying a condo?

For most downsizers, yes, or line the two up. Because you’re buying for less than you’re selling, you can often sell first, negotiate a longer completion date, and buy during that window without needing bridge financing.

Are 55+ buildings still allowed in BC?

Yes. Since November 2022, BC strata corporations can only restrict age to 55 and over. Even in a 55+ building, some people are exempt, such as a younger spouse or partner, a live-in caregiver, or an adult child moving home.

Can a strata stop owners from renting their units?

No. BC ended strata rental restrictions in November 2022, so most strata buildings now allow rentals. Short-term rentals can still be limited by bylaws and city rules. If an owner-occupied building matters to you, ask how many units are rented.

What should I check before buying a condo or townhouse?

Read the depreciation report, recent minutes, the Form B and the contingency reserve fund balance. Look for upcoming special levies, big repairs like a roof or building envelope, and bylaws on pets, rentals and renovations. We go through these with you before you remove subjects.

Can I defer my property taxes after I downsize?

Usually, if you’re 55 or older and have enough equity in your home. For taxes deferred in 2026 and later, BC now charges prime plus 2%, compounded monthly, so deferring costs more than it used to. Check the BC government’s tax deferment page or talk to your accountant first.

Jordan Macnab, Coquitlam move-up and downsizing specialist, The Macnabs Real Estate Team at Real Broker
Your downsizing agent

Jordan Macnab, PREC*

Jordan helps Coquitlam empty nesters sell the family home and move into something that fits the next chapter. He has 18 years in real estate, is a top 1% Greater Vancouver agent and a Medallion Club, President’s Club and Chairman’s Club member, and won Mike Holmes’ Handyman Superstar Challenge on HGTV. He has personally sold 105 homes in Coquitlam and 174 across the Tri-Cities. Jordan and his brother Russ lead The Macnabs Real Estate Team at Real Broker.

Ready to plan your next chapter?

A 30-minute call gets you a price for your house, a clear picture of what you’ll free up, and a plan for the timing. No pressure.

By Jordan Macnab, PREC*, The Macnabs Real Estate Team, Real Broker. Written with AI assistance.

Market data: Greater Vancouver REALTORS® MLS® Home Price Index and October 2026 stats package. Benchmarks describe typical homes and change monthly. Grant and deferment details from the Province of BC, 2026. This page is general information, not financial, tax or legal advice.