Queensborough is a unique and rapidly developing neighbourhood on Lulu Island in New Westminster, BC, connected to the mainland by the Queensborough Bridge and offering an interesting mix of industrial heritage and new residential development. The neighbourhood has seen substantial townhouse and single-family home construction in the past decade, attracting young families and first-time buyers seeking affordable ground-oriented housing with easy access to Metro Vancouver. Queensborough Landing, a major outlet shopping centre with big-box retail and restaurants, provides significant on-site commercial amenity. Highway 91A and the Queensborough Bridge connect residents to Burnaby, Delta, and Surrey quickly by car. While SkyTrain access requires a short drive or bus ride to nearby New Westminster stations, the neighbourhood's affordability advantage and growing family demographic make Queensborough one of the more value-driven real estate opportunities available to buyers seeking ground-level homes in Metro Vancouver.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| May 2025 (this report) | 9 | $862,944 | 16d |
| April 2025 month prior | 9 +0% | $1,081,889 -20.2% | 21d -23.8% |
| May 2024 year ago | 6 +50% | $940,500 -8.2% | — |
In May 2025, the Queensborough, New Westminster real estate market is classified as a Buyer's Market with an absorption rate of 1.1%. 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.