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Thinking about buying a rental property in Metro Vancouver but unsure where to invest? The Canada Mortgage and Housing Corporation (CMHC)  reports that the rental vacancy rate across the Tri-Cities remains well below 1%, making it one of the most competitive regions in B.C. for investors.Explore our top five neighbourhoods in the Tri-Cities to maximize rental income and property appreciation.

1. Burquitlam, Coquitlam

Burquitlam is booming, thanks to the Evergreen SkyTrain extension and continued high-rise development. Located near SFU and Lougheed Town Centre, it's a magnet for students and young professionals.Why invest here:

• Excellent transit access
• High tenant demand
• Plenty of new condo inventory

 

2. Suter Brook & Klahanie, Port Moody

Known for walkability, waterfront parks, and local breweries, these neighbourhoods attract renters seeking lifestyle and convenience. With limited inventory, units in these areas rent quickly and for a premium.Why invest here:

• Steps from Inlet SkyTrain Station and West Coast Express
• Access to resort-style amenities like Canoe Club and Aria Club
• Pet-friendly buildings with strong tenant retention

 

3. Downtown Port Coquitlam

With ongoing revitalization, Downtown PoCo is a rising star for families and professionals. It offers affordable pricing compared to Coquitlam, while still delivering strong rental yields.Why invest here:

• Walkable downtown core with cafés and green spaces
• Close to the West Coast Express
• Lower entry price = higher cap rates

 

4. Austin Heights, Coquitlam

This historic area is seeing a fresh wave of new mid-rise developments. It’s a great option for investors looking for mixed residential density and long-term appreciation.Why invest here:

• Close to schools, shopping, and recreation
• Newer townhomes and condos available
• Attractive to families and downsizers alike

 

5. Riverwood, Port Coquitlam

Riverwood is a family-friendly suburb with solid infrastructure, making it ideal for renting out townhomes or single-family homes with suites. It’s quiet, accessible, and offers great tenant retention.Why invest here:

• Top-rated school catchments
• Close to Costco and Fremont Village
• Popular for long-term family tenancies

 

Looking to Maximize Your Investment?

At Axford Real Estate & Property Management Group, we specialize in full-service property management throughout the Tri-Cities. With over 3,500 successful tenant placements, we help investors protect their assets and grow their income. Contact us to find out how we can help manage your rental property so you can focus on building your portfolio.

Thinking of Investing? Let’s Talk.

If you’re thinking about investing in the Tri-Cities and want help finding the best options, let’s connect. We’re here to help you succeed in any market.