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New Westminster

Why you'd want to live in New Westminster

Comprising historic Downtown New Westminster and a riverfront enclave called The Quay, these two desirable neighbourhoods but 30 minutes from downtown Vancouver have a front row seat to the Fraser River featuring tugs, barges and steam-powered paddlewheelers. Downtown New Westminster is located south of Royal Avenue along Columbia and Front Streets. While The Quay neighbourhood and its award-winning riverfront promenade, is located along the shores of the mighty Fraser. As reported recently by The Vancouver Sun, New Westminster is poised for a real estate boom over the next decade. Downtown New Westminster is predominantly composed of condominium and apartments for sale, with a smaller selection of townhomes that are limited in availability and sales. In addition, The Quay is dominated by condos and a limited supply of waterfront townhomes. Today more than 27 percent of the city’s population is composed of young families and millennials, who want a place to call their own without overcommitting mortgage wise. New West’s new bylaw requires that 10 percent of new units to include family friendly three bedroom units. With a Walk Score of 97, the restaurants, cafés & pubs in the Downtown New Westminster neighbourhood are just minutes away. Popular destinations include Starbucks, Rain City Juicery & El Santo Mexican Restaurant. Banks, pharmacies and professional services are all part of the Downtown New Westminster mix. The widest selection of bridal stores and an Army & Navy all add to its unique character. Pop over to The Quay where you’ll discover a 72,000 square-foot public market and waterfront meeting place. Thai, Chinese and barbecue all tempt the taste buds. Donald’s Market is the ideal grocery store for organic choices or fresh produce. Transforming from heavy industry to an attractive waterfront promenade, Downtown New Westminster is home to the Anvil Centre, an 18,000 square foot community space including conference centre, theatre, multi-purpose studios & meeting rooms. via faithwilson | Christie's International Real Estate

New Westminster Market Report

$1,175,658

AVERAGE PRICE OF 417 HOMES

$2,009,346

AVERAGE PRICE OF 155 MULTI-MILLION DOLLAR HOMES

$1,271,285

AVERAGE PRICE OF 56 NEWLY BUILT HOMES

$968,904

AVERAGE PRICE OF 43 HOMES WITH A POOL

$878,547

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $1,175,658
Avg Bedrooms 2.65 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $576,122
2 bedrooms $782,562
3 bedrooms $1,407,660
4 bedrooms $2,120,983
5 bedrooms $2,282,007
New Westminster Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 362 309 249 221 266
Average Price $1,198,462 $1,156,971 $1,101,522 $1,134,762 $1,094,154
Avg Price Change +3.59% +5.03% -3.02% +3.71% +0.25%
Median Price $869,100 $880,527 $857,921 $882,333 $806,459
Med Price Change -1.31% +2.63% -2.85% +9.41% -1.87%
Avg Bedrooms 2.64 beds 2.64 beds 2.6 beds 2.66 beds 2.51 beds
Avg Bathrooms 2.1 baths 2.16 baths 2.18 baths 2.24 baths 2.1 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 417 $1,175,658 49 days
Multi-Million Dollar Homes 155 $2,009,346 70 days
Newly Built Homes 56 $1,271,285 74 days
Homes with a Pool 43 $968,904 32 days
Reduced Price Homes 19 $878,547 34 days
Faith Wilson | Christie's International Real Estate
Joe Lee Prec*
1838 West 1st Ave
Vancouver, BC V6J 1G5
604-224-5277

MIMLS

The data relating to real estate on this website comes in part from the mls reciprocity program of the Real Estate Board of Greater Vancouver. Real estate listings held by participating real estate firms are marked with the mls reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver.

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