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Invest in New Westminster

Condo Median List Price Per SQFT 647
FROM PURCHASE TO PROFIT

Available Projects In New Westminster

About New Westminster

  • New Westminster (colloquially known as New West) is a city in the Lower Mainland region of British Columbia, Canada, and a member municipality of the Metro Vancouver Regional District. The city comprises six neighborhoods: Uptown, Sapperton, Downtown, the West End, and the Quay. Per 2016 Census records, the city has a total population of 70,996 and counting.
  • Median Price 1 bedroom or fewer apartment: $480,500
  • Median rental rate 1 bedroom apartment: $1,230

    Highlights

    • Intelligent New West - evolving initiative to harness City-owned fibre infrastructure and an open government philosophy to improve access and increases opportunities in the new digital economy for residents, businesses, and institutions
    • Idea Centre is being developed in conjunction with the redevelopment of the Royal Columbian Hospital in order to create expanded economic activity in Sapperton and elsewhere in New Westminster

      Why Invest in New Westminster

      There are 8 new home developments in New Westminster, a mix of high-rise and low-rise that are planned, under construction, or recently completed. Of these, 6 are condo developments , with 1488 units currently under construction. There are 2 single-family home developments in New Westminster, and the median price per square foot for a low-rise home is $643. 

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      New Westminster By Numbers

      Rental Rate Increase % 2016 2020
      Median Price 1 bedroom Increase % 2016 2020

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