Contains information licensed under the Open Government Licence - New Westminster. The maps and map data are provided "as-is" and are not legal surveys or legal descriptions. Faith Wilson Realty Group Inc. explicitly disclaims any representations and warranties as to the accuracy, timeliness, or completeness of maps and data. These maps and data are created from multiple city, provincial, federal and private sources, including Google Maps and the BCNREB, CADREB, FVREB, REBGV. The source data may contain errors. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.
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Comprising historic Downtown New Westminster and a riverfront enclave called The Quay, these two desirable neighbourhoods but 30 minutes from downtown Vancouver have a front row seat to the Fraser River featuring tugs, barges and steam-powered paddlewheelers. Downtown New Westminster is located south of Royal Avenue along Columbia and Front Streets. While The Quay neighbourhood and its award-winning riverfront promenade, is located along the shores of the mighty Fraser. As reported recently by The Vancouver Sun, New Westminster is poised for a real estate boom over the next decade. Downtown New Westminster is predominantly composed of condominium and apartments for sale, with a smaller selection of townhomes that are limited in availability and sales. In addition, The Quay is dominated by condos and a limited supply of waterfront townhomes. Today more than 27 percent of the city’s population is composed of young families and millennials, who want a place to call their own without overcommitting mortgage wise. New West’s new bylaw requires that 10 percent of new units to include family friendly three bedroom units.
Pop over to The Quay where you’ll discover a 72,000 square-foot public market and waterfront meeting place
With a Walk Score of 97, the restaurants, cafés & pubs in the Downtown New Westminster neighbourhood are just minutes away. Popular destinations include Starbucks, Rain City Juicery & El Santo Mexican Restaurant. Banks, pharmacies and professional services are all part of the Downtown New Westminster mix. The widest selection of bridal stores and an Army & Navy all add to its unique character. Pop over to The Quay where you’ll discover a 72,000 square-foot public market and waterfront meeting place. Thai, Chinese and barbecue all tempt the taste buds. Donald’s Market is the ideal grocery store for organic choices or fresh produce. Transforming from heavy industry to an attractive waterfront promenade, Downtown New Westminster is home to the Anvil Centre, an 18,000 square foot community space including conference centre, theatre, multi-purpose studios & meeting rooms. The Anvil Centre is where you’ll find the Canadian Lacrosse Hall of Fame and the New Westminster New Media Gallery. At The Quay along the Fraser, Pier Park is New Westminster’s award-winning waterfront park built on a reclaimed wharf. Included are two playgrounds, beach volleyball courts and misters when the temperatures heats up. West of the market, pedestrians enjoy lush gardens and lagoons and at the end an off-leash dog park.
Education figures prominently in Downtown New Westminster with Qayqayt Elementary offering K to 5 classes and Early French Immersion. Nearby are Glenbrook and Fraser River Middle Schools. New Westminster Secondary up on 10th Avenue is one of the largest high schools in the province, while Douglas College downtown is a leading post-secondary institution. For transit users, Downtown New Westminster and The Quay neighbourhoods have two Skytrain stations nearby. Plus a complimentary free shuttle service called the DUC brings locals uptown or downtown Thursday to Sunday.
The table shown below is a current snapshot of all the active listings in Downtown, segmented by residential property types. The second column is a calculation of the current median asking price, while the third column is the summed total of all active listings for the related property type. Please note that this table is updated every 24 hours.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment in Downtown.
The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.
The "Benchmark Definition" shows the list of attributes associated with the current Benchmark Price. The bar graph below shows the historical Benchmark Price changes, from 1 month previous to 10 years ago.
The MLS® Home Price Index is modelled on the Consumer Price Index (CPI) which measures the rate of price change for a basket of goods and services including food, clothing, shelter, and transportation. Instead of measuring goods and services, the HPI measures the change in the price of housing features. Thus, the HPI measures typical, pure price change (inflation or deflation).
The graph below charts the historical Home Price Index over a 3 year period.
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