New
27
$868,000
#504 – 645 Como Lake Avenue
Coquitlam · Residential
3 bd
2 ba
926 sqft
$937/sqft
Built 2023
MLS® R3158408
Sutton Group-West Coast Realty
Pre-approval · Coquitlam
What does a mortgage pre-approval in Coquitlam actually ask for?
The median asking price in Coquitlam is $952,450. At that price the minimum down payment is $70,245, and a lender would test the balance at the federal qualifying rate rather than the rate you would pay. Here is what that works out to, and what a lender checks before any of it applies.
Median asking price
$952,450
Minimum down payment
$70,245
Qualifying payment
$5,904/mo
Estimated range · question 1 of 3
What is your gross household income?
Choose a range to start. Two more answers shape the estimate before any lender or credit check.
No credit check · About 1 minute See what you could qualify for
What the numbers ask of a Coquitlam buyer
A $952,450 asking price puts the minimum down payment at $70,245 under the federal rules, and twenty percent at $190,490. Financing the remaining $882,205 and testing it at the qualifying rate of 6.49%, which is higher than the illustrative contract rate of 4.49%, produces a payment of $5,904 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $181,662. The census median household income in Coquitlam is $92,000, which is about $89,662 short of the figure the payment implies.
A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $70,245 minimum possible. The premium is added to the mortgage.
Whether your own numbers clear that bar is a lender’s call, and it is a short conversation when your file is ready. See your estimated mortgage range and walk in with it assembled.
Minimum down payment on a Coquitlam home
| Median asking price | $952,450 |
| Minimum down payment | $70,245 |
| Twenty percent down | $190,490 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $5,904 per month |
The minimum is five percent of the first $500,000, ten percent of any portion between $500,000 and $1,500,000, and twenty percent on anything above $1,500,000. The qualifying payment is arithmetic at an illustrative rate, not a quote.
What a lender is testing before any of this applies
- Income you can document. Pay stubs, a letter of employment, and two years of Notices of Assessment. Self-employed files need two years of T1 Generals.
- Debt you already carry. Balances, minimum payments, and limits, including the limit on a card you never use.
- A down payment with ninety days of history. Any large deposit inside that window needs a paper trail, and a gift needs a signed letter.
- Credit. A hard check, read alongside how long your history runs.
The full document list is on how to get pre-approved for a mortgage in BC.
Homes on the market in Coquitlam
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Coquitlam
29
$379,000
#514 – 528 Rochester Avenue
Coquitlam · Residential
1 bd
1 ba
500 sqft
$758/sqft
Built 1998
MLS® R3139217
Royal LePage West Real Estate Services
10
$899,900
#102 – 1292 Rosenburg Way
Coquitlam · Residential
3 bd
3 ba
1,205 sqft
$747/sqft
Built 2026
MLS® R3153440
Breakside Real Estate Group
New
Open House on Sat, 2pm–4pm
40
$2,175,000
789 Grover Avenue
Coquitlam · Residential
4 bd
5 ba
3,717 sqft
$585/sqft
Built 2004
MLS® R3158297
Royal LePage Sussex
New
39
$669,000
#318 – 3110 Davanee Springs Boulevard
Coquitlam · Residential
2 bd
2 ba
1,003 sqft
$667/sqft
Built 2009
MLS® R3158384
Sutton Group - 1st West Realty
Open House on tomorrow, 12pm–5pm
11
$1,099,900
#131 – 1292 Rosenburg Way
Coquitlam · Residential
4 bd
4 ba
1,883 sqft
$584/sqft
Built 2026
MLS® R3150750
Breakside Real Estate Group
11
$1,099,900
#132 – 1292 Rosenburg Way
Coquitlam · Residential
4 bd
4 ba
1,883 sqft
$584/sqft
Built 2025
MLS® R3150746
Breakside Real Estate Group
New
40
$1,798,000
829 Alama Avenue
Coquitlam · Residential
5 bd
3 ba
2,828 sqft
$636/sqft
Built 1981
MLS® R3158304
RE/MAX All Points Realty
Newly Listed
Open House on Sat, 11am–1pm
23
$495,000
#110 – 1215 Pacific Street Street
Coquitlam · Residential
1 bd
1 ba
780 sqft
$635/sqft
Built 1992
MLS® R3157137
Homelife Benchmark Realty (Langley) Corp.
40
$1,299,000
#159 – 1350 MITCHELL Street
Coquitlam · Residential
4 bd
4 ba
2,150 sqft
$604/sqft
Built 2022
MLS® R3158246
RE/MAX Crest Realty
38
$648,888
#418 – 2960 PRINCESS Crescent
Coquitlam · Residential
2 bd
2 ba
984 sqft
$659/sqft
Built 1993
MLS® R3158116
Oakwyn Realty Ltd.
35
$1,150,000
#72 – 688 EDGAR Avenue
Coquitlam · Residential
4 bd
4 ba
1,828 sqft
$629/sqft
Built 2008
MLS® R3158184
Sutton Group-West Coast Realty
See all Coquitlam listings (1,424 active listings)
Pre-approval in cities near Coquitlam
Mortgage pre-approval in Surrey
$1,048,000 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,019,000 median asking price
Mortgage pre-approval in Burnaby
$890,000 median asking price
Mortgage pre-approval in Kelowna
$799,000 median asking price
Mortgage pre-approval in Langley
$949,900 median asking price
Mortgage pre-approval in Abbotsford
$824,900 median asking price
Mortgage pre-approval in Chilliwack
$729,000 median asking price
Pre-approval questions in Coquitlam
What income does a lender test a median-priced Coquitlam purchase against?
A $952,450 purchase with $70,245 down leaves $882,205 to finance. At the qualifying rate of 6.49% over 25 years the payment is $5,904 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $181,662. The census median household income in Coquitlam is $92,000. Your own number will differ with your debts, your down payment, and your property taxes.
How much do I need for a down payment in Coquitlam?
At the $952,450 median asking price, the federal minimum is $70,245, and twenty percent is $190,490. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $70,245 minimum possible. The premium is added to the mortgage. Closing costs sit on top of the down payment.
Does a pre-approval mean the mortgage is approved?
No. A pre-approval is a lender’s conditional statement about you. Final approval also depends on the specific property, which the lender appraises and, for a condo, reviews the strata documents on.
Can I get pre-approved before I choose a city?
Yes, and it is the usual order. A pre-approval is based on your income, debts, and credit rather than on a particular home, so the amount travels with you across BC. The down payment minimum changes with the price, not with the city.
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Listing data provided by the Greater Vancouver REALTORS® and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. MLS® and REALTOR® are trademarks of CREA. Asking prices come from the live MLS® feed through board reciprocity. Household income is the Statistics Canada census median for the city. Payment figures use an illustrative rate over a 25-year amortization and the federal qualifying rate. They are arithmetic, not a quote, and not an offer of credit. Ray Rasouli is a licensed REALTOR® with Real Broker B.C. Ltd. and is not a mortgage broker or a lender. Nothing on this page is financial advice, a rate quote, or an offer of credit.