Port Moody Real Estate
Are you considering a move to Port Moody, or perhaps looking to invest in its promising real estate market? With its stunning natural scenery and robust community life, Port Moody is a top choice for many homebuyers and investors.
Welcome to your premier resource for all things Port Moody real estate! If you're planning to buy or sell property in Port Moody, you've come to the right place. Our dedicated team caters to everyone from first-time homebuyers and growing families, to seasoned investors and developers. With our extensive experience and deep understanding of the Port Moody market, we're here to secure the best terms for you. As expert Port Moody REALTORS®, we possess the insider knowledge necessary to make your real estate journey successful and stress-free. Connect with us today and take the first step towards realizing your real estate goals in Port Moody!
About Port Moody, British Columbia
Port Moody "the City of the Arts" is located at the head of Burrard Inlet and at the foot of Eagle Mountain. A vibrant city of approximately 35,000 residents, Port Moody is located an easy 40 minute drive from both downtown Vancouver and the US border, and just steps from seaside parks, mountain trails and lakes.
Port Moody is now thriving, with many industries supporting a growing residential community, and strives to harmonize the natural environment with our economy and quality of life. Businesses are still attracted to Port Moody's railroad and harbour, as well as retail and service businesses.
Port Moody occupies a 26.21 square kilometre area at the head of Burrard Inlet. Surrounded by mountains, water, and forested hillsides, the community is rapidly becoming a prime location for top quality housing with an excellent mix of detached single family homes, townhomes and condos. Its residents enjoy above average income and a relaxed lifestyle close to all the amenities you would expect to find in a big city.
The new Port Moody Civic Centre features a combination of public library, council chamber, civic offices and community theatre. The old City Hall building was renovated in 1996 to serve as a new Port Moody Arts Centre.
Port Moody is served by School District 43, and offers 9 secondary schools, 13 middle schools, and 45 elementary schools.
In addition to the TransLink public bus system, the West Coast Express commuter rail provides fast access from Port Moody to downtown Vancouver during rush hours. Port Moody also has two SkyTrain stations for easy access to neighbouring cities like New Westminster, Coquitlam, Burnaby, and Vancouver.
Port Moody is an ideal place for outdoor activities. The twenty-seven kilometres of protected waterfront, beaches, and a boat-launching ramp offer unlimited opportunities for boating, sailing, and swimming. Numerous trails are available for walking, cycling, and wildlife or bird watching.
The City is proud of its park system. Foreshore Park and its scenic four-kilometre shoreline trail connect Old Orchard Park on the north shore with Rocky Point Park and its popular recreational pier on the south shore. In addition to neighbourhood parks throughout the City, Port Moody also has Belcarra Regional Park. The Buntzen Lake Recreational Area is just minutes away.
Port Moody, BC Demographic Data
Based on the 2016 Statistics Canada census, there are 33,550 residents in Port Moody, with an average age of 39. Port Moody locals under 14 years old represent the largest age group in Port Moody (6,055 individuals), followed by those aged 45 to 54 (5,840 people).A total of 6,910 people in Port Moody have never been married.
Port Moody has an unemployment rate of 5.2%. The most common jobs in Port Moody are in Sales and service followed by those in Business, finance and administration.
96% of Port Moody residents speak English.
The median household income in Port Moody is $92,922 per year.
There is a total of 12,975 households in Port Moody, 75% of which are owner-occupied and 25% of which have renters living in them. The average household size in Port Moody is 2.6 people. Families whose primary maintainer is 45 to 54 years old represent the largest percentage of the total households in Port Moody, at 26.3%.
Single-detached houses account for 30.2% of the residential buildings in Port Moody. Apartments make up 14.7% of the Port Moody housing market. The median home value in 2016 is $752,309. Of all the properties in Port Moody, 3 bedrooms units include 4,270 (the highest share) and 2 bedrooms units have 3,930 (second-highest share).
Approximately 25.7% of the population in Port Moody has a high school diploma (that’s 7,055 residents). Port Moody locals holding a college diploma (5,360 people) account for 19.6% of the resident pool. Additionally, 34.8% of them hold a university degree (9,550 people).
Most employed people in Port Moody (4,435 individuals) travel 30 to 44 min to get to work, followed by those who commute 15 to 29 min (3,985 individuals). All in all, the average commute time in Port Moody is 34 min. The preferred commuting mode here is by car, truck or van and most employed Port Moody locals commute to another municipality within the same province to get to work.
Real Estate Market Overview
The Port Moody real estate market has emerged as a highly attractive destination for both buyers and investors alike. Positioned conveniently close to Vancouver, it offers a more budget-friendly alternative without sacrificing the perks of city life. This area is known for its beautiful natural landscapes, community-oriented atmosphere, and growing infrastructure, which add to its appeal.
Recent trends in the Port Moody real estate market show a steady increase in demand. Average property prices have continued to rise, reflecting the area's growing popularity. Sales growth has also been robust, with more individuals and families opting to make Port Moody their home. Future projections indicate that this upward trend is likely to continue, driven by ongoing developments and enhancements in local amenities.
For those interested in the latest market trends, statistics, and future projections in Port Moody real estate, please don't hesitate to reach out. Our team is ready to provide you with all the information you need to make informed decisions in this vibrant market. Contact us today for personalized insights and guidance!