New
Open House on Sat, 2pm–4pm
16
$1,029,000
#112 – 3333 Dewdney Trunk Road
Port Moody · Residential
3 bd
3 ba
1,301 sqft
$791/sqft
Built 2011
MLS® R3158387
Team 3000 Realty Ltd.
Pre-approval · Port Moody
What does a mortgage pre-approval in Port Moody actually ask for?
The median asking price in Port Moody is $999,000. At that price the minimum down payment is $74,900, 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
$999,000
Minimum down payment
$74,900
Qualifying payment
$6,184/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 Port Moody buyer
A $999,000 asking price puts the minimum down payment at $74,900 under the federal rules, and twenty percent at $199,800. Financing the remaining $924,100 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 $6,184 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $190,277. The census median household income in Port Moody is $115,000, which is about $75,277 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 $74,900 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 Port Moody home
| Median asking price | $999,000 |
| Minimum down payment | $74,900 |
| Twenty percent down | $199,800 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $6,184 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 Port Moody
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Port Moody
39
$2,348,000
118 FERNWAY Drive
Port Moody · Residential
5 bd
4 ba
3,952 sqft
$594/sqft
Built 2004
MLS® R3158133
Royal Pacific Lions Gate Realty Ltd.
26
$670,000
#207 – 3055 MURRAY Street
Port Moody · Residential
2 bd
2 ba
718 sqft
$933/sqft
Built 2026
MLS® R3156753
Royal LePage Sterling Realty
36
$799,900
507 Cambridge Way
Port Moody · Residential
3 bd
2 ba
1,432 sqft
$559/sqft
Built 1977
MLS® R3107439
Royal LePage West Real Estate Services
32
$729,888
#410 – 55 KLAHANIE Drive
Port Moody · Residential
2 bd
2 ba
897 sqft
$814/sqft
Built 2023
MLS® R3157853
Royal LePage West Real Estate Services
Newly Listed
Open House on Sat, 2pm–4pm
39
$1,968,000
147 Aspenwood Drive
Port Moody · Residential
5 bd
5 ba
4,655 sqft
$423/sqft
Built 1995
MLS® R3157753
Evergreen West Realty
31
$499,900
#405 – 3260 ST JOHNS Street
Port Moody · Residential
2 bd
1 ba
678 sqft
$737/sqft
Built 2007
MLS® R3101132
Oakwyn Realty Encore
Newly Listed
Open House on Sat, 2pm–4pm
34
$979,900
#1404 – 288 Ungless Way
Port Moody · Residential
3 bd
2 ba
1,333 sqft
$735/sqft
Built 2008
MLS® R3157002
Stilhavn Real Estate Services
New
$2,349,900
78 Cliffwood Drive
Port Moody · Residential
5 bd
4 ba
3,977 sqft
$591/sqft
Built 2004
MLS® R3158099
Maple Supreme Realty Inc.
New
Open House on Sat, 2pm–4pm
40
$3,388,000
944 Caithness Crescent
Port Moody · Residential
4 bd
7 ba
5,563 sqft
$609/sqft
Built 2025
MLS® R3158224
Angell, Hasman & Associates Realty Ltd.
Newly Listed
36
$540,000
#213 – 2002 St. George Street
Port Moody · Residential
2 bd
1 ba
670 sqft
$806/sqft
Built 2025
MLS® R3157327
eXp Realty of Canada Inc.
40
$809,000
#1908 – 400 Capilano Road
Port Moody · Residential
2 bd
2 ba
1,091 sqft
$742/sqft
Built 2008
MLS® R3093401
RE/MAX LIFESTYLES REALTY
See all Port Moody listings (351 active listings)
Pre-approval in cities near Port Moody
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 Coquitlam
$952,450 median asking price
Pre-approval questions in Port Moody
What income does a lender test a median-priced Port Moody purchase against?
A $999,000 purchase with $74,900 down leaves $924,100 to finance. At the qualifying rate of 6.49% over 25 years the payment is $6,184 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $190,277. The census median household income in Port Moody is $115,000. 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 Port Moody?
At the $999,000 median asking price, the federal minimum is $74,900, and twenty percent is $199,800. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $74,900 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.