Uptown NW, New Westminster Market Report – May 2020

Uptown is New Westminster's emerging commercial and residential hub, situated on the plateau above the Downtown core and experiencing significant condominium and mixed-use development driven by proximity to the Uptown New Westminster commercial district and excellent SkyTrain access. The neighbourhood is served by the New Westminster and 22nd Street SkyTrain stations on the Expo Line, providing rapid transit to Burnaby and downtown Vancouver. Real estate in Uptown ranges from older apartment buildings and character homes to newer concrete condos along 6th Avenue and Royal Avenue. Columbia Square and several major retailers along McBride Boulevard provide everyday convenience, while the growing restaurant scene and arts facilities enhance the neighbourhood's urban appeal. Uptown's transit-rich location, improving amenities, and pricing that remains significantly below comparable communities in Vancouver and Burnaby make it a compelling choice for first-time buyers and urban investors in the New Westminster real estate market.

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7
Units Sold
$497,286
Avg Sold Price
55d
Avg Days on Market
Balanced Market
Market Condition
52 active at start of month 36 new listings Absorption rate: 13.5% Highest sold: $687,500 Lowest sold: $369,000

How Does May 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2020 (this report) 7 $497,286 55d
April 2020 month prior 1 +600% $280,000 +77.6% 8d +587.5%

3-Year Price Trend — Uptown NW, New Westminster

The Uptown NW, New Westminster real estate market was a Balanced Market in May 2020, with 52 active listings at the start of the month, 7 properties sold, an average sold price of $497,286, properties averaging 55 days on market, an absorption rate of 13.5%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Uptown NW, New Westminster specialist
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Frequently Asked Questions — Uptown NW, New Westminster Market

Last Update: 06/04/2026   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.

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