Question 1

Is Canyon Springs a buyer's or seller's market right now?

Accepted Answer

Canyon Springs is currently a buyer's market. There are 2 homes sold in the last 30 days across all property types. The current absorption rate of 14.5 months of supply favours buyers.

Question 2

What is the average home price in Canyon Springs?

Accepted Answer

The average sold price across all property types in Canyon Springs is currently $613,000, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Coquitlam agent for a current, property-specific estimate.

Question 3

Have home prices come down in Canyon Springs?

Accepted Answer

Overall home prices in Canyon Springs are down 12.9% compared to the same period last year, with townhouses averaging $816,000; condos averaging $410,000. This creates an opportunity for buyers to enter the market at a lower price point than a year ago — sellers should price competitively to attract offers.

Question 4

How long do homes stay on the market in Canyon Springs?

Accepted Answer

Homes in Canyon Springs are currently selling in an average of 9 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.

Question 5

What does the absorption rate mean for Canyon Springs?

Accepted Answer

Canyon Springs has a sales-to-active listings ratio (SALR) of 6.9%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.

Question 6

What is the average price of each property type in Canyon Springs?

Accepted Answer

townhouses average $816,000; condos average $410,000. These figures reflect sold prices over the past 30 days from MLS® records and are updated regularly.

Question 7

What property types are available in Canyon Springs?

Accepted Answer

Canyon Springs offers a mix of condos, townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.

Question 8

How can I get a home evaluation in Canyon Springs?

Accepted Answer

You can request a free, no-obligation home evaluation through a local Coquitlam real estate agent. They will research recent comparable sales in Canyon Springs and provide you with an accurate market valuation — typically within 24 hours.

Metric	Aug · Last 30 days	Jul	Jul (LY)
Homes Sold	2-71.4%	7	7
Avg Sold Price	$613K-37.0%	$974K	$704K
Avg Days on Market	9d-75.7%	37d	45d

Type	1 Bed	2 Bed	3 Bed	4+ Bed
Apartment	$548K $820/ft² 41 sold	$698K $752/ft² 63 sold	$889K $721/ft² 18 sold	$1.12M $690/ft² 5 sold
Townhouse	$699K $698/ft² 8 sold	$879K $672/ft² 31 sold	$1.08M $645/ft² 44 sold	$1.25M $612/ft² 14 sold
House	—	$1.19M $580/ft² 6 sold	$1.49M $558/ft² 22 sold	$2.25M $498/ft² 18 sold

Type	Avg Sold Price	Sold (30d)	Active	Avg DOM	Condition
Condos	$410K	1	20	9d	Buyer's Market	View Condos →
Townhouses	$816K	1	1	9d	Strong Seller's Market	View Townhouses →
Houses	—	0	8	—	Buyer's Market	View Houses →

Canyon Springs Real Estate Market

How Have Prices Trended in Canyon Springs?

Month-over-Month Comparison

Last 30 Days — By Property Type

What Does Each Home Cost?

What Does Each Property Type Cost in Canyon Springs?

What Did Homes Sell for in Canyon Springs Recently?

Frequently Asked Questions — Canyon Springs Market