New Westminster Real Estate — Key Facts
- Active listings: 89
- Median price: $679,000
- For sale: 89
- Price range: $274,900 – $4,300,000
- Active agents: 81
- Property types: Single Family, Vacant Land
Explore Real Estate Opportunities in New Westminster, BC
As of June 2026, there are 89 active property listings in New Westminster, British Columbia. Located in Metro Vancouver, this city offers a blend of historic charm and modern amenities, with easy access to SkyTrain stations that connect residents to downtown Vancouver and beyond. Known for its waterfront parks along the Fraser River and vibrant neighbourhoods like Downtown and Queen’s Park, New Westminster is ideal for those seeking a culturally rich, transit-connected community. The city’s proximity to the North Shore mountains and Pacific Ocean access makes it a desirable place for outdoor enthusiasts and professionals alike. Whether you're interested in purchasing a family home near local schools or a condo close to transit hubs, New Westminster offers diverse options suited to various lifestyles and budgets.
Market Snapshot
89
Active Listings
$679,000
Median Price
89
For Sale
New Westminster Real Estate Market Overview
As of June 2026, the median property price in New Westminster is CAD 679,000, with 89 active listings reflecting a dynamic market. This area, part of the Greater Vancouver REALTORS® (formerly REBGV), continues to attract buyers due to its affordability relative to Vancouver proper and its excellent transit access via the SkyTrain. The city’s diverse economy, including technology, port logistics, and education sectors, sustains a steady demand for housing. With the BC government’s property transfer tax (PTT) structure and exemptions for first-time buyers and newly built homes, purchasing in New Westminster remains competitive. The local market balances a range of property types, from condos governed by the BC strata system to single-family homes, making it a strategic choice for both buyers and investors in British Columbia’s high-value housing landscape.
Latest Properties in New Westminster
Frequently Asked Questions
In British Columbia, the Property Transfer Tax (PTT) is 1% on the first CAD 200,000, 2% on the amount from CAD 200,001 to CAD 2,000,000, and 3% above CAD 2,000,000. For homes in New Westminster, the PTT applies based on the purchase price, with exemptions available for first-time buyers on properties up to a certain value. This tax must be paid upon closing, but buyers can benefit from specific exemptions and rebates available in BC.
The Home Buyer Rescission Period in British Columbia is three (3) business days after signing a purchase contract. In New Westminster, buyers can cancel the agreement within this window without penalty, providing a safeguard during the transaction process. This regulation offers added confidence for buyers in the local market.
Yes, most condos and townhouses in New Westminster are governed by the BC strata system, which includes strata fees. These fees cover maintenance, insurance, and contingency reserve funds, and are specified in the strata bylaws. Buyers should review these costs and the depreciation report before purchasing a strata property.
Yes, New Westminster is subject to the BC Speculation and Vacancy Tax, which targets empty or underused residential properties in designated taxable regions. Property owners may need to pay this annual tax if their property does not qualify for exemptions. It aims to increase housing availability and affordability in the region.
The sale-to-list ratio in Metro Vancouver varies, but it generally indicates the proportion of listings that sell within a given period. As of June 2026, this ratio reflects a competitive market with active transactions, meaning many properties are selling close to their asking prices. Buyers should work with local REALTORS® to understand current market conditions.