Market data
New Westminster, BC — Home Prices
What a typical home costs in New Westminster, by property type, as of July 2026 — the benchmark price the board publishes each month, with a decade of the same month behind it.
New Westminster home prices by property type
Benchmark price for July 2026, with how it moved over the month and over the year, and the supply and demand behind it.
| Property type | Benchmark price | Over the month | Over the year | Sales | Active listings | Months of inventory |
|---|---|---|---|---|---|---|
| Detached house | $1,384,300 | -2.5% | -13.3% | 13 | 161 | 11.4buyers’ territory |
| Townhouse | $872,900 | -0.2% | -4.5% | 8 | 64 | 8.4buyers’ territory |
| Apartment / condo | $582,400 | -0.7% | -8.3% | 61 | 385 | 7.1buyers gaining |
A benchmark is the board’s modelled typical home of that type, not an average of what sold — so a month with few sales still has one. Sales and active listings are counts for July 2026.
New Westminster home prices, 2016 to 2026
The benchmark price each July, a decade back. Same month every year, so the comparison carries no seasonal distortion.
| July | Detached | Townhouse | Apartment |
|---|---|---|---|
| 2016 | $1,134,300 | $559,100 | $366,300 |
| 2017 | $1,193,300 | $623,600 | $463,600 |
| 2018 | $1,171,300 | $691,500 | $543,400 |
| 2019 | $1,076,400 | $631,300 | $497,500 |
| 2020 | $1,126,200 | $668,800 | $515,500 |
| 2021 | $1,341,200 | $774,300 | $564,900 |
| 2022 | $1,497,000 | $940,300 | $650,700 |
| 2023 | $1,603,400 | $944,400 | $656,600 |
| 2024 | $1,588,800 | $944,700 | $656,800 |
| 2025 | $1,596,500 | $914,200 | $635,300 |
| 2026 | $1,384,300 | $872,900 | $582,400 |
Over those 10 years detached moved from $1,134,300 to $1,384,300 — +22.0%, townhouse moved from $559,100 to $872,900 — +56.1%, and apartment moved from $366,300 to $582,400 — +59.0%.
Build your own New Westminster chart — every property type and metric the board publishes, back to 2000.
Common questions about New Westminster prices
- How much does a house cost in New Westminster?
- The benchmark price for a detached house in New Westminster is $1,384,300 as of July 2026, -13.3% over the year. The benchmark is the board's modelled typical home of that type, not an average of what sold.
- How much is a townhouse in New Westminster?
- The benchmark price for a townhouse in New Westminster is $872,900 as of July 2026, -4.5% over the year.
- How much is a condo in New Westminster?
- The benchmark price for an apartment or condo in New Westminster is $582,400 as of July 2026, -8.3% over the year.
- Have home prices gone up in New Westminster over the last ten years?
- Between 2016 and 2026, detached moved from $1,134,300 to $1,384,300 (+22.0%), townhouse moved from $559,100 to $872,900 (+56.1%), apartment moved from $366,300 to $582,400 (+59.0%). Each figure is the benchmark price for the same calendar month, so the comparison carries no seasonal distortion.
- Is New Westminster a buyers' or sellers' market?
- As of July 2026, detached sits at 11.4 months of inventory (buyers’ territory), townhouse sits at 8.4 months of inventory (buyers’ territory), apartment sits at 7.1 months of inventory (buyers gaining). Four months or less typically reads as sellers' territory, four to six balanced, six to eight buyers gaining leverage, and over eight buyers' territory.
How to read these numbers
The Home Price Index (HPI) benchmark is the industry-standard measure of typical home value in a defined market, mix-adjusted to control for the property types selling that month. Unlike a median, it compares like to like — a benchmark detached home this month against the same benchmark home last month — which is what makes month-over-month and year-over-year comparisons meaningful.
Months of inventory divides active listings by recent monthly sales. Four months or less typically reads as sellers’ territory, four to six balanced, six to eight buyers gaining leverage, and over eight buyers’ territory. Both metrics are aggregate; specific property types and price bands can read differently.
Benchmarks are aggregate figures — a specific property may transact above or below depending on lot, condition, age and the active buyer pool. Use the benchmark as the trend line, not the listing price. Source: Greater Vancouver REALTORS® monthly board release. Deemed reliable but not guaranteed.
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