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The Coquitlam pre-sales market is facing a unique set of challenges, from high interest rates to shifting buyer preferences. Despite these hurdles, Coquitlam pre-sales remain strong, attracting attention with their diverse housing options and increasing densification. If you're considering investing in a new home, Coquitlam's pre-sales market presents compelling opportunities.

Why Coquitlam?

Coquitlam West continues to be one of the most in-demand neighbourhoods, thanks to its strategic location, growing infrastructure, and mix of housing options. Currently, there are 31 active projects, including:

• 17 condo-only projects

• 10 townhome-only projects

• 3 condo and townhome projects

• 1 single-family detached project

With this variety, buyers can find options suited for both investment and primary residence needs.

Top Pre-Sale Projects in Coquitlam

For those looking to purchase in Coquitlam, here are some standout projects with attractive incentives:

• Heartwood – 81 three- to four-bedroom townhomes, offering a 5% total deposit on the initial release.

• Botanica – One- to three-bedroom townhomes and condos, requiring just $10,000 due upon signing.

• Söenhaus – One- to three-bedroom condos with a 5% advantage programme—buyers can choose between a 5% deposit or earning 5% interest on their deposit.

• Florin – Studio to four-bedroom townhomes and condos, requiring only a $5000 deposit initially.

• Harriswood – 59 studio to three-bedroom townhomes, offering discounts up to $70,000 for a limited time.

Coquitlam’s Buyer Trends

Buyers in Coquitlam are showing a clear preference for low-rise, family-sized homes, as high-rise condo engagement declines. With affordability concerns and changing market conditions, larger living spaces are becoming a priority.

If you’re considering a Coquitlam pre-sale, now is an excellent time to explore your options. For more information on any condo or townhouse project, contact Jared Gibbons, a real estate agent with over 10 years of experience. He will guide you and help you find exactly what you're looking for.

Pierre Poilievre Proposes GST Exemption to Boost Housing Affordability

Pierre Poilievre, leader of the Conservative Party, has proposed removing the GST on new homes under $1.3 million. This GST exemption on new homes is part of his housing plan if elected in the upcoming federal election. The proposal aims to make housing more affordable for middle-class Canadians. This is especially important in cities like Vancouver and Toronto, where housing prices remain high. Learn more about the full proposal on Pierre Poilievre's official website.

A More Ambitious Plan Compared to the Current Government

This announcement comes shortly after interim Prime Minister Mark Carney proposed a similar GST relief. However, Carney's version applies only to first-time buyers purchasing homes under $1 million. Poilievre’s plan goes further. It offers the GST removal on new homes for all buyers, up to $1.3 million. According to Storeys, this could save buyers up to $65,000 per purchase. It could also lower mortgage payments by around $3,000 per year.

Impact on Housing Supply and Developers

Besides the GST cut on new homes, Poilievre wants cities to speed up housing approvals, lower development fees, and unlock more land for building. His goal is to add 36,000 new homes each year and generate $2.5 billion in tax revenue from the construction industry.

Developers and builders welcomed the GST waiver for new homes. Many agree that the threshold reflects the reality of today’s market. In cities like Toronto and Vancouver, even starter homes exceed $1 million. The Residential Construction Council of Ontario (RESCON) supported the move, highlighting its potential to offer real relief to buyers.

Concerns About Funding and Long-Term Effects

Some experts question the impact of canceling programs like the Housing Accelerator Fund to fund the tax cut. They argue that improving these programs might be more effective for long-term supply. If you want to learn more about GST’s role in housing prices, you can visit CMHC's GST guide for developers.

How Could This Affect Buyers Directly?

For example, a $1.25 million home could instantly drop by approximately $62,500 thanks to the GST exemption on new homes. This could make homeownership more achievable for many Canadians. However, the final impact will depend on whether Poilievre wins and implements the plan.

✅ Have Questions? Contact Jared Gibbons, Your Experienced Real Estate Agent

If you have any questions about how the GST exemption on new homes could impact your next home purchase or investment, don't hesitate to reach out. Jared Gibbons, a real estate agent with over 10 years of experience, will help you understand the process and find exactly what you're looking for.

This Sold Development Property in Maple Ridge was a rare investment opportunity! This 16,137 sq ft lot in the heart of Maple Ridge has now been secured by a new owner. Its sale highlights the strong demand for real estate in this growing community. The property featured a 2-bedroom, 1-bathroom bungalow built in 1910. The home had 1,289 sq ft on the main floor plus an additional 1,215 sq ft of finished basement space. It offered great rental income or redevelopment potential.

Prime Location with Excellent Amenities Nearby

This sold development property in Maple Ridge was ideally located near top amenities. It was close to schools, shopping, dining, and recreation. Some key places nearby include:

• Haney Place Mall – A popular shopping center with retail stores, restaurants, and essential services.

• Thomas Haney Secondary School – A well-regarded high school with excellent academic programs.

• Memorial Peace Park – A vibrant public space that hosts events, festivals, and community activities.

• The Keg Steakhouse + Bar – A favorite dining spot known for its high-quality food and drinks.

• Golden Ears Provincial Park – A beautiful outdoor destination with hiking trails, lakes, and camping areas.

A Thriving Market for Investors

Located in a fast-growing neighborhood, this sold development property in Maple Ridge had excellent frontage and zoning flexibility. It was a prime candidate for future projects (subject to city approval). The successful sale of this lot proves that demand for development opportunities in Maple Ridge remains strong.

Looking for a Similar Investment Opportunity?

Now is the perfect time to explore development properties, investment lots, and real estate opportunities in Maple Ridge. Contact Jared Gibbons, a trusted real estate agent, who will help you find exactly what you're looking for! Whether you want to invest, develop, or find your dream home, Jared is ready to assist you.

A thriving business opportunity in the heart of Richmond has just found its new owner! This well-established coin laundry business in Richmond, located at 110 8040 Garden City Way, was a fantastic investment opportunity thanks to its prime location and steady customer base. Nestled in a bustling shopping center at the intersection of Garden City and Blundell, the business enjoyed a high foot traffic area with ample parking and easy accessibility.

A Prime Location for a Coin Laundry Business in Richmond

The Blundell neighborhood is home to approximately 21,951 residents, providing a strong and reliable clientele for this essential service. Richmond’s overall population growth has only added to the demand for convenient laundry solutions. The shopping plaza offers an array of amenities, making it a go-to destination for locals.

Nearby attractions and conveniences include:

• Blundell Centre - A popular shopping destination with grocery stores, restaurants, and services.

• Garden City Community Park - A serene green space perfect for relaxation.

• Richmond Centre - One of the largest shopping malls in the area.

• Minoru Park - A picturesque park with trails, sports fields, and a cultural center.

Why This Self-Service Laundromat in Richmond Stood Out

This coin laundry business in Richmond was highly sought after due to its stable revenue stream and high-profit potential. Unlike some commercial leases, this location had no demolition clause, ensuring long-term stability for business owners. Additionally, the confidentiality of the sale process was a key factor, ensuring a smooth transition for both the buyer and the existing staff.

While this excellent opportunity has now been sold, the Richmond market continues to offer fantastic investment possibilities. If you're looking for similar business opportunities, feel free to contact Jared Gibbons, a real estate agent with over 10 years of experience who will help you find exactly what you're looking for.

Stay tuned for more exciting investment opportunities in Richmond’s dynamic market!

The Fraser Valley buyer's market is becoming more apparent as homebuyers gain more leverage. For the first time in months, buyers are benefiting from a larger selection of homes and softening prices. This shift is providing greater opportunities for those looking to purchase in the Fraser Valley. Here's everything you need to know.

Fraser Valley Sales Numbers Show Buyer Advantage

In February 2025, the Fraser Valley saw 920 home sales, which is a 13% increase from January. However, it’s still 26% below the number of sales from the same month last year. Despite this drop, the trend is moving toward a buyer's market.

More Homes Available for Buyers

The number of new listings in February fell by 9%, but new listings still remained 14% above the 10-year seasonal average, at 3,121 homes. Total active listings in the region stood at 8,070, which is 45% higher than in February 2024. More inventory means that buyers have a larger selection to choose from.

Fraser Valley is a Clear Buyer’s Market

With the sales-to-active listings ratio at just 11%, the Fraser Valley is firmly in a buyer’s market. A typical balanced market would see a ratio between 12% and 20%. This lower ratio signals that buyers have more room to negotiate, giving them more power in the market.

Homes Taking Longer to Sell in the Fraser Valley

Homes are taking longer to sell, which is another sign that buyers have more time to make decisions. Single-family detached homes averaged 39 days on the market in February. Condos took 36 days, while townhomes took 32 days. This extra time gives buyers more flexibility.

Price Adjustments in Fraser Valley

The overall price in the Fraser Valley dropped slightly in February. The benchmark price for homes fell by 0.2%, now sitting at $962,500. Prices in specific categories saw minor changes:

• Single-family homes: $1,489,100 (0.5% increase from January)

• Townhomes: $820,600 (0.7% decrease from January)

• Condos: $533,200 (0.3% decrease from January)

What Does This Mean for Buyers?

For those looking to buy a home in the Fraser Valley, now is a good time to explore the market. With more homes available, and prices continuing to soften, buyers can take their time making decisions. The shift to a Fraser Valley buyer’s market provides plenty of opportunities, especially if the current trend continues.

For more details on Fraser Valley real estate, check out the full report from the Fraser Valley Real Estate Board and the latest market data.

B.C. Secondary-Suite Incentive Program Canceled Due to Economic Uncertainty

Homeowners in British Columbia looking to build secondary suites will no longer have access to the B.C. secondary-suite incentive program. The B.C. government has announced that the pilot program will stop accepting applications after March 30, citing "uncertain financial times" as the main reason for its cancellation.

Why Is the B.C. Secondary-Suite Incentive Program Being Canceled?

According to the B.C. government, economic uncertainty and an unpredictable tariff situation with the United States have led to tough financial decisions. Housing Minister Ravi Kahlon stated that the government wants to ensure the best value for housing investments.

Another key factor is the federal government's upcoming program, which will provide similar assistance. The provincial program offered up to $40,000 in forgivable loans to eligible homeowners to cover construction costs for a new suite. In contrast, the federal initiative, once launched, is expected to provide up to $80,000 in low-interest loans. Rather than duplicate efforts, B.C. has decided to step back and let the federal program take over.

What Happens to Existing Applicants?

Homeowners who have already started the application process for the program and have the necessary permits and cost estimates can still submit their applications before the deadline. However, new applicants will not be accepted after March 30.

What This Means for Homeowners

For those planning to build secondary suites, the cancellation of the B.C. secondary-suite incentive program may be disappointing. However, the federal government's upcoming program could offer an alternative. Homeowners interested in financial support for secondary-suite construction should stay updated on federal announcements.

Learn More

For more details on the cancellation and upcoming federal initiatives, visit:

• Government of British Columbia Housing Updates

• Canada Mortgage and Housing Corporation (CMHC)

As housing affordability remains a priority, homeowners should explore other provincial and federal programs that may support their secondary-suite projects.