Port Moody

Port Moody: Market Geography and Housing Supply

Port Moody is situated at the eastern terminal point of Burrard Inlet, bordered by steep mountain slopes and tidal flats. With a land area of 25.85 square kilometers and a population of 33,535, the municipality has no room for outward physical expansion. This geographic bottleneck directly shapes the local real estate market. Single-detached houses make up only 30.1% of the total private dwellings. The remainder of the market consists of denser housing types, including apartments under five storeys at 24.5%, row houses at 19.9%, and duplexes at 8.0%. Movable dwellings are non-existent.

The demographic profile supports premium property values. The median age in the community is 41 years. The working-age population (15 to 64) represents 69% of residents, while youth make up 16% and seniors account for 14%. It is a highly educated market, with 79.0% of the population holding post-secondary credentials and 48.4% holding a bachelor’s degree or higher. Key employment sectors include professional, scientific, and technical services at 13.2%, healthcare and social assistance at 11.3%, and retail trade at 9.8%. The local median household income is recorded at $115.

Commuting patterns are a major factor in local housing demand. Only 19.5% of working residents have a commute of under 15 minutes. The average commute time is 32.7 minutes, with a high proportion of the workforce transit-oriented, utilizing the Evergreen SkyTrain line and the West Coast Express to reach employment hubs in Burnaby and Vancouver.

Tekamar’s Lending Guidelines for Port Moody

For mortgage brokers, Port Moody represents an exceptionally stable real estate market. Inventory is tight, days on market are low, and the community benefits from high demand. We assign Port Moody a Desirability Score of 10/10 and an Economic Score of 7/10.

However, Tekamar Capital does not write mortgages in the Lower Mainland. Our lending pool is specifically structured to service the BC interior, Vancouver Island, and select secondary or resource-based markets. We do not compete with the high concentration of institutional and urban private capital active in the Tri-Cities.

Because Port Moody is located within our excluded urban lending territory, our maximum loan-to-value (LTV) for this community is 0%.

If you have a client looking for equity take-outs, debt consolidation, or short-term bridge financing on a Port Moody property, you will need to place the file with a Lower Mainland specialist. We do not make exceptions for urban properties, regardless of how strong the borrower’s profile is. Save your Tekamar submissions for deals located east of the Hope Slide, on the Island, or in northern and interior markets where we actively lend.