Pitt Meadows Real Estate Market Update – November 2026
If you own a home in Pitt Meadows, October gave us a lot to digest: a surprise Bank of Canada rate hike, election season, and the first real test of buyer demand heading into winter. Here’s my straight read on the October numbers for the Pitt Meadows real estate market, and what they mean if you’re thinking about selling.
Where Pitt Meadows Home Prices Stand
The benchmark price for all residential properties in Pitt Meadows was $832,600 in October, down 1.9% from September and 4.0% from a year ago. That’s a bigger monthly move than September’s 0.1% dip, but most of it came from one corner of the market: condos.
Detached homes barely moved. The detached benchmark is $1,172,600, down just 0.5% from September and 1.3% from last October. Across Greater Vancouver, the detached benchmark is down 7% over the same year. In other words, detached homes in Pitt Meadows have held their value far better than the region.
That leaves a detached home here about $602,600 below the Greater Vancouver detached benchmark of $1,775,200. That gap is still the main reason buyers from Burnaby, Coquitlam and Vancouver keep looking east.
Pitt Meadows Prices by Property Type
| October 2026 | Pitt Meadows benchmark | 1 month | 1 year | Greater Vancouver benchmark | Pitt Meadows discount |
|---|---|---|---|---|---|
| Detached | $1,172,600 | −0.5% | −1.3% | $1,775,200 | $602,600 |
| Townhouse | $731,800 | −0.8% | −7.8% | $1,006,500 | $274,700 |
| Condo / apartment | $523,500 | −6.2% | −8.0% | $673,400 | $149,900 |
| All residential | $832,600 | −1.9% | −4.0% | $1,068,600 | $236,000 |
Detached homes: holding steady
Detached is the strongest part of this market. Prices have eased 3.8% over six months, but the year-over-year drop is small, and detached sales in Maple Ridge and Pitt Meadows actually rose in October (more on that below).
Townhouses: the biggest drop over the year, but flattening
Townhouses are down 7.8% from last October and 6.1% over six months, the steepest slide of the three types. The good news is that October’s change was small, down 0.8%. If you’re selling a townhouse in Central Meadows or South Meadows, pricing off sales in your own complex from the last 60 to 90 days matters more than any regional headline.
Condos: a sharp month
Last month I said condos were showing the first signs of firming up. October erased that. The apartment benchmark fell 6.2% in a single month to $523,500. The Pitt Meadows apartment index is built on a small number of sales, so one month can swing hard, and I’d want to see November before calling it a trend. If you’re selling a condo, price to the most recent sales in your building, not the summer’s.
Curious where your home sits in all of this? I’ll put together a free, no-pressure home evaluation based on recent Pitt Meadows sales.
How Many Homes Sold in October?
Greater Vancouver REALTORS® reports sales for Maple Ridge and Pitt Meadows together. Across both, 146 homes sold in October: 79 detached homes, 35 attached homes (mostly townhouses) and 32 apartments. That’s up from 107 in September and 139 in October 2025.
- Detached sales rose 12.9% from last October (79 vs. 70).
- Attached sales fell 20.5% (35 vs. 44), in line with the softer townhouse prices.
- Apartment sales rose 28% (32 vs. 25), even as condo prices dipped.
- New listings fell to 286 from 331 a year ago, down 13.6%.
More sales and fewer new listings than a year ago is a slightly tighter local market, especially for detached homes.
The Regional Picture: a Rate Hike and a Pause
On October 28 the Bank of Canada raised its policy rate by a quarter point to 2.50%, its first hike since July 2023. Combined with election coverage, it gave a lot of buyers and sellers a reason to wait and see.
Across Greater Vancouver, 2,024 homes sold in October, down 10.2% from a year earlier and 22.5% below the 10-year average for the month. There are 15,688 homes for sale across the region, 24% above the long-term average, and the regional benchmark is down 5.2% from last year to $1,068,600.
The board’s chief economist, Andrew Lis, summed up the year as “one step forward, one step back in nearly all aspects impacting the housing market.” Against that backdrop, Maple Ridge and Pitt Meadows did better than most: local sales rose while regional sales fell.
What This Means If You’re Selling in Pitt Meadows
- Detached owners are in the strongest position. Prices barely moved, sales rose, and the roughly $600,000 discount to the region keeps buyers coming.
- Townhouse owners need sharp pricing. Know exactly what has sold in your complex and nearby. Buyers have choice and will walk past a home priced on last spring’s numbers.
- Condo owners should watch November closely. One bad month in a small market isn’t a trend, but it’s a reason to price realistically from day one.
- Higher rates trim buyer budgets. Buyers who were approved before October 28 may qualify for a little less now, so homes priced at the right number from the start get the attention.
Winter is also a quieter time for new listings, which means a well-prepared home faces less competition. If you’re weighing it up, my Pitt Meadows selling FAQ covers the common questions, and last month’s October market update has the September numbers for comparison.
Pitt Meadows Market FAQ
Are home prices going down in Pitt Meadows?
Overall, yes, but slowly and not evenly. The Pitt Meadows benchmark for all residential properties was $832,600 in October 2026, down 4.0% from a year earlier. Detached homes are down only 1.3% over the year, while townhouses (down 7.8%) and condos (down 8.0%) have softened more.
How much is a detached house in Pitt Meadows right now?
The detached benchmark was $1,172,600 in October 2026, about $602,600 below the Greater Vancouver detached benchmark of $1,775,200. Your own home could be worth more or less depending on lot size, updates and location, so a home-specific evaluation is the only way to get a real number.
Is it a buyer’s or a seller’s market in Pitt Meadows?
Across Greater Vancouver the sales-to-active listings ratio was 13.4% in October. The board says prices tend to face downward pressure when that ratio sits below 12% for a sustained period and upward pressure above 20%, so the region is in a balanced, buyer-leaning spot. Detached homes in Pitt Meadows are holding up better than that regional picture suggests.
Did the Bank of Canada rate hike hurt Pitt Meadows home sales?
Not yet in the numbers. The Bank of Canada raised its policy rate to 2.50% on October 28, so most October sales were written before the hike. Combined Maple Ridge and Pitt Meadows sales still rose 5% from last October. November’s figures will give a clearer read.
The Bottom Line
Pitt Meadows didn’t escape October’s pause, but it handled it better than most of the region. Detached prices are steady, local sales are up from a year ago, and the gap to Greater Vancouver prices is still wide. Townhouses and condos need more careful pricing, and that’s where local knowledge makes the biggest difference.
I’ve been helping Pitt Meadows homeowners buy and sell for over 17 years. If you’d like to know what your home is worth in today’s market, call or text me at 604-763-8196 or request a free evaluation below.
Sources: Greater Vancouver REALTORS® October 2026 market report (MLS® Home Price Index benchmarks and sales/listing data; Maple Ridge and Pitt Meadows sales are reported together) and the Bank of Canada’s October 28, 2026 rate announcement. Market commentary is my opinion and not financial advice. Russ Macnab PREC*, REALTOR®, The Macnabs Team, Real Broker.