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New Westminster, BC

Updated: Aug 2016
House
Median price $1,178,000
Monthly growth 38.72 %
Quarterly trend
Stock on market 0.26%
Apartment
Median price $437,000
Monthly growth 10.07 %
Quarterly trend
Stock on market 0.58%

New Westminster Home Price

In Aug the median listed house price of $1,178,000 in New Westminster was an impressive compared to the rest of British Columbia.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

From our data, it appears that neighbourhood is number 364th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

Is New Westminster a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in New Westminster have increased which would tend to indicate that demand is not as high as supply.

New Westminster was Canada’s 64th most expensive suburb by listed median house price this month.

New Westminster, British Columbia has a median house price of $437,000 when compiling all the home listings in Aug .

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

This month we track 8th neighbourhoods in British Columbia, and New Westminster has the 8th most choice available for real estate investors.

British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

In New Westminster, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Beds Median price (House) Median price (Apartment)
1 bedroom $479,450 $274,450
2 bedrooms $699,000 $450,900
3 bedrooms $968,950 $649,900
4 bedrooms $1,198,000
5 bedrooms $1,198,880
6 bedrooms $1,250,000 $1,200,000
Demographics
  • Population in 201165976
  • Population in 200658549
  • 2006 to 2011 population change (%)12.7
  • Total private dwellings32605
  • Private dwellings occupied by usual residents30586
  • Population density per square kilometre4222.2
  • Land area (square km)15.63