Downtown New Westminster is a vibrant, historic urban centre on the south bank of the Fraser River, serving as the original capital of British Columbia and now one of Metro Vancouver's most transit-connected and culturally rich mid-size cities. The neighbourhood is served by the New Westminster SkyTrain station and the River Market at Westminster Quay, a waterfront public market offering stunning Fraser River views, local vendors, and a growing restaurant and retail scene. Real estate in Downtown NW includes high-rise condominiums, heritage lofts, older apartment buildings, and newer mixed-use towers, offering some of the most affordable urban real estate in the entire Metro Vancouver market. The Pattullo and Alex Fraser bridges and direct Expo Line access make Downtown NW highly connected to Surrey, Burnaby, and Vancouver. With an active arts scene, waterfront trails, and strong community pride, Downtown New Westminster is increasingly popular with young professionals and investors.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| July 2022 (this report) | 10 | $595,650 | 10d |
| June 2022 month prior | 21 -52.4% | $554,305 +7.5% | 13d -23.1% |
| July 2021 year ago | 29 -65.5% | $514,393 +15.8% | — |
In July 2022, the Downtown NW, New Westminster condo real estate market is classified as a Buyer's Market with an absorption rate of 3%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.
Last Update: 06/03/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.