New Westminster Real Estate
New Westminster: A Closer Look
Demographics
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New Westminster Living: Is It for Me?
Area overview
Living in New Westminster, BC, offers the charm of a historic city with the convenience of modern life. New Westminster real estate appeals to buyers who want character, community, and quick access to Vancouver, Burnaby, and Surrey. Set along the Fraser River, the city is well-connected with five SkyTrain stations and major roadways.
This city blends old and new in a way that feels natural. You’ll find heritage homes and brick buildings in the downtown core alongside riverfront condos and shops. Popular spots like Westminster Pier Park, the River Market, and Queen’s Park offer places to walk, relax, dine, and enjoy local events throughout the year.
Families appreciate the strong schools, including French immersion and private options. Everything is close – recreation centers, grocery stores, hospitals, and cafes are all easily accessible.
New Westminster offers a wide range of housing options. There are character homes on tree-lined streets, newer townhomes, and modern condos near transit hubs. Compared to nearby cities, prices are often more affordable, making it a wise choice for buying real estate.
It’s a walkable, welcoming community full of life and opportunity.
Move to New Westminster for its perfect blend of historic charm, modern amenities, and unbeatable transit access to Vancouver.
New Westminster was British Columbia’s original capital from 1859 to 1866 and earned the nickname “The Royal City” after Queen Victoria renamed it.
New Westminster's HPI Benchmark Prices
March 2026 Typical Housing Prices
The MLS® HPI Benchmark Price reflects the estimated sale price of a typical or “benchmark” home in a specific neighbourhood. It’s a valuable tool for tracking market trends and comparing property values.
👉 Click the link to learn more.
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Local Favourites: Where Homes Are Selling Fast
New Westminster’s Top 3 Neighbourhoods by Property Type
The Sales-to-Active Listings Ratio is a key metric that gauges supply and demand by comparing the number of homes sold in a month to the total number of active listings.
👉 Click the link to explore this indicator in more detail.
Curious where homes are flying off the market? See which neighbourhoods buyers love, how prices have changed over the last year, and what your place might sell for today.
March 2026 - New Westminster's hottest single-family home markets
| Rank | Neighbourhood | Sales-to-Active | Sales | Listings | Benchmark Price | 1-Year Change |
|---|---|---|---|---|---|---|
| 1 | 50% | 2 | 4 | $1,369,700 | -6.5% | |
| 2 | 41% | 7 | 17 | $1,477,000 | -8.1% | |
| 3 | 18% | 2 | 11 | $1,298,700 | -9% |
March 2026 - New Westminster's hottest townhouse markets
| Rank | Neighbourhood | Sales-to-Active | Sales | Listings | Benchmark Price | 1-Year Change |
|---|---|---|---|---|---|---|
| 1 | 57% | 4 | 7 | $609,400 | -1.8% | |
| 2 | 10% | 3 | 29 | $998,300 | -1.1% |
March 2026 - New Westminster's hottest condo markets
| Rank | Neighbourhood | Sale-to-Active | Sales | Listings | Benchmark Price | 1-Year Change |
|---|---|---|---|---|---|---|
| 1 | 100% | 3 | 3 | $817,400 | -6.3% | |
| 2 | 33% | 3 | 9 | $984,100 | -5.5% | |
| 3 | 12% | 1 | 8 | $766,100 | -8% |
New Westminster's Avg. Sale Prices vs. Days on Market
3-year Retrospective
The data shows how quickly homes are sold and how prices have changed over the last three years.
New Westminster's Avg. Sale Prices
New Westminster's Avg. Days on the Market
Seller's Market
Seller's Market
Buyer's Market
The Sales-to-Active Listings Ratio is a key metric that gauges supply and demand by comparing the number of homes sold in a month to the total number of active listings.
👉 Click the link to explore this indicator in more detail.
The MLS® HPI Benchmark Price reflects the estimated sale price of a typical or “benchmark” home in a specific neighbourhood. It’s a valuable tool for tracking market trends and comparing property values.
👉 Click the link to learn more.
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New Westminster, BC MLS data. Last update: May 21, 2026
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New Westminster
Frequently asked questions
We speak English, not Legalese. If something sounds confusing, we’ll break it down so it actually makes sense. Every real estate question deserves a straight answer, so hit Ask Anything and we’ll give you clear guidance without the lawyer dictionary.
The MLS® HPI Benchmark Prices represent the expected sales price for a typical or “Benchmark” home in a given neighbourhood.
The MLS® HPI considers what averages and medians do not: lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or benchmark property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.
It’s a way to measure how busy the real estate market is. Think of it like this: for every 10 homes listed, how many sell? If 2 out of 10 homes sell, the sales-to-active ratio is 20%.
This number helps show whether it’s a buyer’s market, a seller’s market, or somewhere in between. A high ratio (like 40% or more) usually means homes are selling quickly, and prices might go up. A low ratio (under 12%) means homes are sitting on the market longer, and buyers may have more power to negotiate.
In short, this little number gives you a big clue about how hot (or not) the market is.
Sales-to-Active Listing Ratio Market Guide
Sellers Market 21% & Greater | Balanced Market 12 to 20% | Buyers Market up to 11%