Weekly Market Briefing

Burnaby & Tri-Cities
Market Brief

May 2, 2026  ·  Rob Skoko | MAXIMUM Mortgage Solutions

604.771.4085
rob@skoko.ca
Book a call
@skokomortgages

Happy almost-weekend! Spring is officially here in Burnaby and across the Tri-Cities, Coquitlam, Port Coquitlam, and Port Moody, and with the cherry blossoms giving way to the first warm stretch of the season, there’s a lot to look forward to, both outdoors and in the market.

This week brought notable news on the economic front, a standout new listing worth knowing about, and a great lineup of local events to enjoy. Here’s your weekly rundown.

🏘

Local Market Update
Burnaby & Tri-Cities
Late April 2026

The theme across our local markets right now is consistent: buyers have options and negotiating room, and those who are prepared are finding real value.

Burnaby

New listings (28 days)
643
Elevated supply

Median days on market
28
Moving, but not rushed

Condo median
$686K
Range: mid-$600s to $900s

Detached homes	High $1.7M to $2M+
Townhomes	~$1,110,000 avg
Condos / apartments	~$686,500 median

Tri-Cities

The Tri-Cities remain one of the most compelling value propositions in Metro Vancouver right now. Lifestyle, transit access, and community quality stack up extremely well against the price point, and buyers doing the math are noticing.

Coquitlam, condo	~$690,000 avg
Coquitlam, detached	~$2,204,000 avg
Port Coquitlam, townhome	~$1,068,000 avg

Port Coquitlam in particular is gaining momentum as a value story, newer developments, SkyTrain proximity, and a walkable downtown are drawing buyers who might have previously looked further west.

Bottom line: This market rewards preparation. Buyers with financing arranged and a clear picture of their budget are the ones finding real value right now. Let’s get you ready.

🏠

Property Spotlight
New to Market
Active listing, Port Coquitlam

New to market
End-unit townhome
Under $900K

34-2418 Avon Place, Port Coquitlam

$899,900  ·  3 bed  ·  3 bath  ·  1,481 sqft  ·  MLS# R3113995  ·  Listed April 21, 2026

• ✓End unit with extra windows, noticeably brighter than a standard unit and rarely available at this price
• ✓Updated kitchen with quartz countertops, high-end stainless appliances, and a large eat-up island open to the dining area
• ✓Large deck off the living room, plus a single garage and carport, great for families
• ✓Heat pump already installed, a meaningful upgrade that cuts energy costs year-round
• ✓Steps to trails, a golf course, and local breweries, the walkable lifestyle people pay a premium for elsewhere

Listed 9 days ago. Well-priced for the updates and location. Don’t sleep on this one.
View Listing

Interested in a showing? Email Rob and he’ll connect you with the listing agent. You can also search MLS# R3113995 directly on Realtor.ca.

📊

Interest Rate Environment
Bank of Canada | April 29, 2026

🏦

Bank of Canada holds steady, third consecutive pause in 2026
Policy rate unchanged  ·  Decision announced this morning

The Bank cited a complex and uncertain economic backdrop. Inflation is expected to moderate toward the 2% target over the coming year. Economic growth is forecast at a modest 1.2% for 2026, with the labour market remaining softer than previous years and some sectors feeling ongoing trade pressures.

What this means in plain language: Borrowing costs aren’t moving in either direction right now. Future decisions will depend heavily on how conditions evolve, particularly around trade uncertainty with the U.S.

For homeowners with variable-rate mortgages or upcoming renewals, this stability is a window worth planning around, not a reason to wait. Book a no-obligation call to review your options.

Rob is not quoting specific rates or making predictions. Every borrower’s situation is unique. This is general market context, not financial advice.

📈

Financial Markets Update
Broad Strokes for Canadian Consumers

TSX pulled back modestly Tuesday
GoC bond yields rangebound
Energy sector resilient

Markets navigated a notably complex week, geopolitical tension in the Middle East weighed on equities broadly. Gold miners gave back some recent gains while the energy sector held up on rising oil prices.

Government of Canada bond yields remained relatively rangebound, broadly neutral news for anyone planning a mortgage renewal, as bond yields are a key input into fixed mortgage pricing. After two strong years for Canadian stocks, analyst forecasts for 2026 are calling for more measured gains, signalling a shift toward caution and selectivity.

U.S.-Canada trade dynamics remain the key wildcard. For real estate, this is worth watching, tariff impacts on construction materials and the labour market can influence housing supply and affordability over time. The overall picture: a measured, watchful environment, not a time for panic, but a good time to ensure your plans are built on solid ground.

🌿

Local News & Community Events
Burnaby & Tri-Cities
Weekend of May 2-4, 2026

🏛
Federal investment announced for a new Marpole Community Centre in Vancouver, a modern facility for one of the city’s fastest-growing neighbourhoods. Long-term infrastructure investment like this benefits livability and property values across the region.

🌳
The City of Vancouver added 2,000 new trees, 14 acres of parkland, two new playgrounds, and the region’s first dedicated pickleball courts.

🐟

Port Moody Fingerling Festival
May 2, 11am–3pm  ·  Noons Creek Hatchery  ·  Free, perfect for families

🌸

Burnaby Blooms
May 3  ·  Shadbolt Centre & Deer Lake Park  ·  Artisan market, food trucks, free family activities

🌳

Jane’s Walk Festival
Through May 3  ·  Free citizen-led walking tours across the region

🇭🇰

Vancouver Hong Kong Fair
May 3  ·  The Shipyards, North Vancouver  ·  Free  ·  Largest Hong Konger celebration in Canada

🎵

Karan Aujla, Rogers Arena
May 2–3  ·  Easy SkyTrain access from the Tri-Cities

⚾

Vancouver Canadians vs. Hillsboro Hops
Through May 3  ·  Nat Bailey Stadium  ·  Nothing beats a spring afternoon at the ballpark

Know someone thinking about buying, selling, or renewing?

The clients I most enjoy working with come through introductions from people like you. No hard sell, no pressure, just a genuine conversation about their situation and options.

Simply reach out and say “Hey, can you connect with [name]?” and I’ll take it from there, and treat them exactly the way I’d treat you.

Book a call
Send an email
@skokomortgages

RS

Rob Skoko
Mortgage Professional  ·  MAXIMUM Mortgage Solutions

604.771.4085
rob@skoko.ca
calendly.com/skokomortgages
@skokomortgages

Licensed Mortgage Professional, British Columbia & Alberta

This content is for informational purposes only and does not constitute financial, legal, or mortgage advice. Market data is based on publicly available information as of the date of publication. Individual circumstances vary, please consult a qualified professional before making any financial or real estate decisions. Statistics sourced from Greater Vancouver Realtors, Bank of Canada, Zolo, WOWA, and other publicly available sources. Property listing details sourced from Zolo.ca and are subject to change. MLS# R3113995 listed by Royal LePage Sterling Realty.