New Westminster Real Estate Market Report
Executive Summary
Brian SuicoLocal expert · New WestminsterThe New Westminster, British Columbia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $727K, down 9.2% year-over-year.
There are currently 631 active listings, representing 8.4 months of inventory. According to Greater Vancouver REALTORS (HPI), there were 84 sales and 226 new listings in July 2026. Inventory has increased 39.9% compared to last month.
Currently, listings spend an average of 44 days on market and the average price per square foot is $725.
Board Data vs Our Listings
| Metric | Greater Vancouver REALTORS (HPI) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $727K | $710K |
| Active Listings | 617 | 631 |
| Detached Benchmark | $1.4M | $1.4M |
| Townhouse Benchmark | $873K | $1.0M |
| Apartment Benchmark | $582K | $532K |
Detached properties make up the largest share of the New Westminster market at 33% of active listings with an average price of $1.4M. Condo listings follow at 56% (avg $532K).
Sales Activity & Absorption
Volume
Market Signals
Greater Vancouver REALTORS (HPI) reported 84 sales this period, 182 new listings appeared in the past month, 15 sellers reduced their asking price.
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
With 8.4 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Queensborough | 114 | $1.1M |
| Uptown NW | 113 | $639K |
| Downtown NW | 101 | $625K |
| Quay | 75 | $715K |
| Fraserview NW | 54 | $707K |
| Sapperton | 49 | $847K |
| The Heights NW | 42 | $1.7M |
| GlenBrooke North | 25 | $1.2M |
| West End NW | 19 | $1.9M |
| Moody Park | 14 | $1.3M |
| Connaught Heights | 14 | $2.3M |
| Queens Park | 10 | $1.6M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The New Westminster market currently has 631 active listings with a median price of $710K and 8.4 months of inventory.
According to Greater Vancouver REALTORS (HPI), the composite benchmark price is $727K (-9.2% year-over-year). There were 84 sales recorded
- High inventory (8.4 months) favors buyers
- Low price reduction rate (2% of listings)
- Average price per square foot is $725
- Sold properties averaged -1 days on market
Data sourced from BCRES active and sold listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Greater Vancouver REALTORS (HPI). Prepared by Brian Suico with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.