Presale Condos in New Westminster, BC

New Westminster traditionally known as “The Royal City” or New West spreads along the north bank of the Fraser River in British Columbia’s Lower Mainland. Please note, the New Westminster pre-sale condos you see below are updated weekly and are current for 2023. Read more…

The City of New Westminster Information

The City of New Westminster traditionally known as “The Royal City” or New West is a City in Metro Vancouver and is bordered by the Fraser River to the south, Burnaby to the north and west and Coquitlam to the east. Surrey is across the Fraser River to the south.

1. What are New Westminster presales?
  • Presales in New Westminster refer to properties that are available for purchase before they are fully constructed. This allows buyers to invest in a property before its completion. Please have a look at our page explaining what a presale condo is.
2. Why should I consider buying a presale property in New Westminster?
  • New Westminster is a growing city with a rich history and a promising future. Investing in presales can offer potential price advantages, the ability to customize certain aspects of the property, and the opportunity to secure a brand-new home or investment property.
3. How can I find out about upcoming presale opportunities in New Westminster?
  • Websites like Vancouver New Condos regularly update their listings with the latest presale opportunities in New Westminster and other cities. We have a VIP email list for new developments in New Westminster that we send out new projects before anywhere else first. To join this list, either click on the yellow button above or click here.
4. Are there any risks associated with buying presale properties?
  • Like any investment, there are risks. Delays in construction, changes in market conditions, or changes in the final product can occur. It’s essential to do thorough research and consult with real estate professionals before making a decision. We at Vancouver New Condos can help reduce or avoid the risks when buying a presale condo. Please reach out to us to find out how we can help.
5. Do I need a realtor when buying a presale property?
  • While it’s not mandatory, having a realtor can provide valuable insights, help negotiate terms, and guide you through the process. Do keep in mind that having one of our presale experts represent you in the purchase of a presale condo is completely free to the buyer.
6. When do I need to pay for my presale property?
  • Payment structures can vary, but typically, a deposit is required upfront, with the balance due upon completion.
7. What is the 7 Day Rescission Period?
  • The 7 day rescission period is a legal protection for buyers in BC whereby they can kill a deal on a presale within 7 days of an accepted offer. Learn more about this important presale condo purchase protection here on our page on the 7 Day Rescission Period in BC.
8. Where can I get definitions of the Real Estate Terms for Presales
  • The process of buying a presale condo in New Westminster and across BC involves lots of confusing language and jargon. To make the process easier we have compiled this glossary of real estate terms for presales in BC.

A Brief History of New West

Founded in 1858, New Westminster holds the distinction of being the first city established in Western Canada. Originally named by Queen Victoria after her favorite part in London, the city soon earned its moniker, “The Royal City.” Selected as the initial capital of the colony of British Columbia due to its strategic location—easily defensible against potential American incursions and offering prime access to the Fraser River—it played a pivotal role in the early development of the province.

However, by 1868, the capital shifted to Victoria, following the unification of British Columbia and Vancouver Island into a single colony. Despite this, New Westminster retained its significance in the region. Its prominence was only overshadowed when the Canadian Pacific Railway chose Vancouver as its western terminus in the late 1880s. Yet, New Westminster continued to thrive as a regional center for commerce, culture, and entertainment well into the 20th century.

Today, while Vancouver might be the more globally recognized city, New Westminster’s rich history and enduring charm make it a unique and integral part of British Columbia’s tapestry.

Growing Urban Population

Due to its history as the regions major city up to the early 20th century, New West historically been quite dense and walkable and had its own urban character distinct from its more suburban neighbours like Surrey, Burnaby, and Coquitlam. Starting with the arrival of the Expo Line Skytrain in 1986, New Westminster has seen a boom of high density urban condo development. This new condo development started in Downtown New Westminster initially around the Skytrain Stations, but now has expanded across the city. This expansion of new presale condo development in New Westminster is in large part driven by high levels of population growth in the city.

At points in its history, New Westminster was also the most populous city in British Columbia, until it was surpassed by the rapidly growing city of Vancouver in the early 1900s.  The population of New West now sits at 78,916 residents as of 2021 with an 11.2% increase since 2016 according to the 2021 Census. 

New Westminster Amenity

Other than the long rich history New Westminster carries, in present day it is Metro Vancouver’s best kept secret. It has become a major hub for unique shopping, dining and entertainment, it’s no wonder the city has increased considerably in population.

  • People from all over the Lower Mainland cannot get enough of the several new, popular and culturally diverse food destinations in New Westminster: el Santo, Steel & Oak Brewing Co., Piva Modern Italian & much more!
  • The River Market is intended to fulfill every foodies dreams! The market is located in central New Westminster and features over 70,000 square feet of space for people to shop, eat and enjoy right on the waterfront.
  • Home to multiple parks for everyone to enjoy! A few notable parks include: Pier Park, Sapperton Park & Queen’s park.
  • Royal City Centre is the city’s destination for shopping over 40 shops and services.
  • A city that focuses heavily on the arts and community, therefore it features the Arts Council of New Westminster, Anvil Centre, 100 Braid St Studios, Massey Theatre and Douglas College.

New Westminster New Development Investments

Our clients who have invested in presale condos and new construction developments in New West have done quite well due to New West’s good transportation links (particularly near Skytrain), amenity, & population growth. Our clients have seen good price appreciation for their New Westminster presale condo investments as well as increasing rents as the City becomes more popular with tenants. For the most up to date information on New Westminster property price information, please check out the REBGV statistics package that we update monthly as soon as they are available.

To get an idea of real estate price trends in New West Minster, have a look at the most recent Real Estate Board of Greater Vancouver Statistics.