Real Estate Market Report for
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

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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
  • Age Characteristics
    Total population by age groups 65975
    0 to 4 years 3260
    5 to 9 years 2655
    10 to 14 years 2705
    15 to 19 years 3180
    15 years 555
    16 years 640
    17 years 595
    18 years 670
    19 years 715
    20 to 24 years 4295
    25 to 29 years 5315
    30 to 34 years 5215
    35 to 39 years 4915
    40 to 44 years 5575
    45 to 49 years 5810
    50 to 54 years 5560
    55 to 59 years 4725
    60 to 64 years 3940
    65 to 69 years 2660
    70 to 74 years 1870
    75 to 79 years 1555
    80 to 84 years 1325
    85 years and over 1425
    Median age of the population 41.2
    % of the population aged 15 and over 86.9
  • Marital Status
    Total population 15 years and over by marital status 57365
    Married or living with a common-law partner 29895
    Married (and not separated) 24305
    Living common-law 5590
    Not married and not living with a common-law partner 27470
    Single (never legally married) 17450
    Separated 1915
    Divorced 5010
    Widowed 3090
    Family Characteristics
    Total number of census families in private households 17290
    Size of census family: 2 persons 9550
    Size of census family: 3 persons 3890
    Size of census family: 4 persons 2880
    Size of census family: 5 or more persons 965
    Total number of census families in private households 17290
    Total couple families by family structure and number of children 14535
    Married couples 11740
    Without children at home 5400
    With children at home 6340
    1 child 2900
    2 children 2570
    3 or more children 865
    Common-law couples 2790
    Without children at home 2185
    With children at home 605
    1 child 360
    2 children 180
    3 or more children 70
    Total lone-parent families by sex of parent and number of children 2755
    Female parent 2195
    1 child 1535
    2 children 520
    3 or more children 140
    Male parent 560
    1 child 425
    2 children 110
    3 or more children 20
    Total children in census families in private households 15545
    Under six years of age 3750
    6 to 14 years 4780
    15 to 17 years 1705
    18 to 24 years 3255
    25 years and over 2050
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 65090
    Number of persons not in census families 17720
    Living with relatives 1755
    Living with non-relatives only 3850
    Living alone 12115
    Number of census family persons 47370
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 8340
    Number of persons not in census families aged 65 years and over 3945
    Living with relatives 465
    Living with non-relatives only 215
    Living alone 3265
    Number of census family persons aged 65 years and over 4400
    Total number of private households by household type 30585
    Census-family households 16605
    One-family-only households 14755
    Couple-family households 12565
    Without children 6680
    With children 5885
    Lone-parent-family households 2190
    Other family households 1850
    One-family households with persons not in a census family 1215
    Couple-family households 895
    Without children 335
    With children 560
    Lone-parent-family households 320
    Two-or-more-family households 630
    Non-census-family households 13980
    One-person households 12115
    Two-or-more-person households 1870
    Total number of occupied private dwellings by structural type of dwelling 30590
    Single-detached house 5585
    Apartment, building that has five or more storeys 9315
    Movable dwelling 25
    Other dwelling 15660
    Semi-detached house 115
    Row house 1265
    Apartment, duplex 2870
    Apartment, building that has fewer than five storeys 11360
    Other single-attached house 45
    Total number of private households by household size 30585
    1 person 12115
    2 persons 9860
    3 persons 4040
    4 persons 2850
    5 persons 1065
    6 or more persons 655
    Number of persons in private households 65090
    Average number of persons in private households 2.1
Census 2011

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