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New Westminster Real Estate Value Statistics

Get statistics, sold listings, values and more in New Westminster.

As of June, 2019, there are 569properties for sale, with an average of$858,147. Last Month 48properties were sold, for 38below list price, 5above list price.

The City of New Westminster, still known as the "Royal City", from being named by Queen Victoria after the City of Westminster in England, is Canada's oldest incorporated city west of the Great Lakes. The city is known for its historic and heritage sites, annual festivals, outdoor and indoor activities, and facilities like shopping malls and casino. A city with modern urban setting rooted from community's culture and history.

New Westminster Market Summary

There are currently  properties for sale on the market in New Westminster, with a price range of $ -$

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Demographics

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70,996Population
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81.7 yearsLife Expectancy
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66.1 %Employment Rate
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6 %Unemployment Rate
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$69,257.00 Average Household Income
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Neighbourhoods

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Information

history

The first people who inhabited the area now known as New Westminster were the members of Qayqayt First Nation. The Columbia Detachment of Royal Engineers headed by Richard Clement Moody founded the city in December 1858. The city was named after Westminster, a city in London, by Queen Victoria in 1859, and gained its official nickname, The Royal City. A year later, the New Westminster was incorporated and became the first city in Western Canada. After the peak of Fraser Gold Rush, the colony of British Columbia and the colony of Vancouver Island were united as "British Columbia" in 1866 that leads New Westminster to lost its status as the provincial capital. One-third of the city of New Westminster was destroyed by the Great Fire of 1898. The downtown core, businesses and wharfs along the waterfront had been ravaged but had been fully rebuilt in 1910. In the year 1970s, the city focused its economic development on manufacturing and industrial opportunities bringing the city to lived up to its name as the Royal City. The city encompasses a total land area of 15.63km2 with 70,996 residents based on 2016 census. (Statistics Canada, 2016 Census of Population)

lifestyle

New Westminster is a tight-knit, friendly community that is best known for its historical and heritage sites with a modern twist and enriched culture. The city continues to support its culture and history through festivals and museums that reflect the community's diverse cultural landscape. New Westminster's families can spend their time at one of the city parks or try outdoor and indoor activities in one of the city's recreational centres. In terms of dining at New Westminster, you will be suprised to discover almost 100 restaurants that offers diverse and delicious meals. From ethnic eateries and restaurants that serves German, Italian, Greek, and Cantonese cuisines to fast foods chains, cafe and bakeries, you will not run out of choices in this "Royal City" of British Columbia.

culture

Being the Canada's oldest incorporated city, New Westminster's history and culture greatly contributed to the development and character of the community. It is the home of the New Westminster Museum and Archives (NWMA), the 1865 Irving House, considered as the oldest intact house in the BC Lower Mainland. The city's archives also housed corporate and personal treasures of British Army's Royal Engineers, and other heritage artifacts from the 19th century. Other museums and heritage sites includes the Museum of the Royal Westminster Regiment, the Fraser River Discovery Centre, and the New Westminster Police Museum. The city continued to preserve its culture and history and celebrated it through colourful festivals like the annual Hyack Festival and FraserFest. People can also experience and take a cruise with Paddlewheeler River Tours aboard their replica 19th-century riverboat, the MV Native. The city is also the home of New Westminster Symphony Orchestra and hosts classic plays at Massey Theatre and Bernie Legge Theatre.

zoning

New Westminster sits on the hillside overlooking the Fraser River. The city has 141 ha/350ac of green space, approximately 10 percent of the city's total area, including 48 parks within the city. Other spaces is for residential community, industrial and commercial developments.

climate

Approximately the same as Vancouver's, New Westminster experience a mild temperate rainforest climate. Warm summer from July to August, while winters are wet rather than snowy usually from the month of December through January. The average annual rainfall is 111cm/43 in.

education

School District 40 New Westminster administered and operates nine elementary schools, two middle schools and one high school within the city. Douglas College is one of the major post-secondary schools in New Westminster, it offers degrees, associate degrees, and two-year career and university-transfer programs to local, national and international students. The only Naturopathic medical school in western Canada, the Boucher Institute of Naturopathic Medicine (BINM), is also within the city of New Westminster. It offers N.D. degree in Naturopathic Medicine, (both 4-year and 6-year programs) equipping senior naturopathic medical students with hands-on experience at Boucher Naturopathic Medical Clinic. Other post-secondary institutions situated in the city are Sprott Shaw College, Winston College, Justice Institute of British Columbia, CG Masters School of 3D Animation And Visual Effects, and West Coast College of Massage Therapy.

health care

The Royal Columbian Hospital (RCH) is located in the city of New Westminster and the third largest hospital in the Lower Mainland. It is one of the busiest hospital administered by Fraser Health Authority and the oldest hospital in the province of British Columbia. RCH is a major tertiary care facility that provides health care services for trauma, obstetrical, cardio-vascular, neurosurgery and open-heart surgery and neonatal intensive care. It was ranked one of the top hospitals in Canada for caring infants in its NICU based on 2015 Canadian Neonatal Network report and consistently been in the top rankings for over 18 years. Other health care institutions provide health care services and support to the residents of New Westminster along with its neighbouring communities.

transportation

Translink (or the South Coast British Columbia Transportation Authority) provides the public transportation service of the city of New Westminster including number of bus routes and the SkyTrain system. The city's transportation network also serves modes of transportation that includes walking, cycling, and driving. Roadways, bikeways and greenways are maintained for people to access transportation in a safe, comfortable and convenient way.

economy

New Westminster economic development moved forward over the years. It always had a mix of industrial sectors as it evolves over the years. The city developed their economy on industries like sawmilling, salmon canning and agriculture during the 19th century. They moved to manufacturing and heavy industry then to retail in 20th century. In the beginning of 21st century, New Westminster focused to business services, technology and fibre-optic industry. The city now encourages business growth and promotes opportunities in several sectors such as health, education, retail and service, tourism, logistics, light manufacturing and the knowledge and creative economy.

employment

The city's employment rate reached 66.1% on 2016 Census, while the City of New Westminster's average household income is $69,257, 11.5% lower compare to $78,227 of BC based on CensusPlus, 2011.

recreation

New Westminster offers its residents and visitors a selection of outdoor and indoor activities and recreational programs. New Westminster's Queen's Park Arena has 3,500 seats arena that served as homebased for ice hockey, lacrosse, minor sports associations, tournaments and special events. The Moody Park Arena is also one of the facilites used for skating, hockey, rentals and dry floor programs. Other facilities are Centennial Community Centre, Century House, Queensborough Community Centre, and Youth Centre. Families can also go to one of almost 48 parks located within the city. People can take a walk along the boardwalk at Westminster Quay to witness the stunning views of the Fraser River or ride bicycle and tour to amazing scenic views of the Fraser River and historic New Westminster.

sports

New Westminster is the home of the Canadian Lacrosse Hall of Fame and one of the oldest professional lacrosse teams in Canada, the New Westminster Salmonbellies. They have won the Mann Cup twenty-four times at Queen's Park Arena. Other sports club and institutions that can be found in the city are: The Royal City Hyacks Football Club that offers football and cheerleading programs for youth; United Rugby Club that uses Hume Park and Queens Park for home venues; Royal City Youth Soccer Club that represented the youth soccer teams in New Westminster; The Sapperton Rovers men's soccer team; and The Hyack Swim Club that trains swimmers at Canada Games Pool, from a grassroots level up to international competition. New Westminster is the home of notable local athletes like Drew Christensen of Hyack Swim Club, NHL hockey goalie Bill Ranford, star baseball player Justin and Morneau, the person that put New Westminster on the international map.

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