Burnaby NewsLeader – Morningstar Homes brings coach homes to Coquitlam.

Morningstar Homes is introducing a new type of single-family home to Coquitlam with its newest project, Somerton. Bringing an added coach home to their always-gorgeous floorplans, Morningstar is offering a degree of livability and affordability that is unique to the area.

“Coquitlam has never done this before,” says Deborah Calahan, Vice-President of Sales and Marketing for Morningstar. “This is really the right product at the right time.”

With 34 homes in the development, 21 of which will have coach homes (the others will have the option for a legal suite in the finished basement), Morningstar is building on its legacy for amazing homes.

Read more: http://www.burnabynewsleader.com/business/realestate/181571491.html

Coquitlam multifamily assets have shown a steady increase in value over the past 5 years as cap rates for apartment buildings have dropped across the region. This market is predominantly characterized by low-rise buildings. The average sales value over the past five years in this market is about $125,000, a value range that is consistent with areas such as East Vancouver and New Westminster.