View all 29 imagesAbout Coquitlam
Coquitlam is a historic city located east of the Burrard Inlet in the lower mainland of British Columbia. The name Coquitlam derives from the Kwiklethem First Nations, translating to “red fish up the river.” The region extends up to 122.30 kilometres, with 176,000 residents living in the area.
The piping hot real estate market has an abundance of homes to choose from, but almost none that are not in the millions. The median home costs around 1.2 million dollars and typically sits in a suburban setting. However, the many methods of public transportation and city-provided resources counteract the expensive housing prices.
Coquitlam features dozens of ways to access the gorgeous natural scenery and plenty of recreational activities in between. The rich culture, close-knit community, and bustling restaurant scene draw visitors from nearby. For those looking for a city setting with the relaxed environment of a small town, Coquitlam provides.
Coquitlam - Land Transfer Tax
When purchasing a property in Coquitlam, you’ll have to pay the British Columbia Property Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $8,000. See below for British Columbia Property Transfer Tax rates.