New Westminster – Queensborough

Queensborough has transformed over the past 15 years from a rural and industrial enclave to a vibrant residential community with lovely waterfront homes and condos.

While some industry still exists along Queensborough’s northern edge it has been supplemented with a lively commercial district that includes factory outlet retailers, restaurants and a Walmart.

Queensborough is located on Lulu Island, between the north arm of the Fraser River and Annacis Channel. It is connected to New Westminster by the four-lane Queensborough Bridge that was recently refurbished to add wide pedestrian and cycling paths.

Neighbourhood amenities

Queensborough is a diverse, multicultural neighbourhood. Even as new developments of homes, town homes and condos spring up, pockets of the area’s rural heritage of small family farms remain. Fishing boats that work the Fraser River and beyond berth at docks in the Annacis Channel.

The neighbourhood features numerous parks, sports fields and a walking trail along its eastern shore that offers spectacular viewpoints up the Fraser River. There is also an elementary school and a middle school, as well as a recently-enlarged community centre that includes a branch of the public library.

The New Westminster Smart Centre has a mix of big box retailers like Walmart, factory outlet stores, small shops, restaurants and cafés. Next to it is a giant Lowe’s Home Improvement centre, which was the first of its kind built in British Columbia.

 

Schools

 

Transit

TransLink buses run through the middle of the neighbourhood and service routes to 22nd Skytrain Station. Highway 91A connects commuters to Richmond, Burnaby and Vancouver.

 

Queensborough real estate

Townhomes and condos dominate the Queensborough real estate market. Most are located in a new master-planned development at the neighbourhood’s northeastern tip. There are some detached houses in the area as well.

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Queensborough real estate

House Market Stats

YearAvg PriceHighLowMedianAvg $/SFHighLowMedianAVG After 2000AVG Before 2000Avg DOMCount
2010$584,017 $855,000 $325,000 $577,450 $268$500$174$259$609,025 $563,660 5178
2011$594,880 $882,560 $376,500 $602,000 $281$432$180$275$656,966 $560,073 4859
2012$640,139 $835,000 $168,000 $642,500 $288$401$158$279$686,776 $566,082 6948
2013$623,931 $930,000 $424,000 $630,000 $315$537$193$296$666,210 $581,874 6135
2014$645,829 $1,000,000 $357,700 $637,750 $299$714$179$257$704,837 $593,825 6688
2015$775,995 $5,000,000 $415,000 $740,000 $346$1,643 $201$319$743,234 $808,011 3487
2016$942,757 $1,470,000 $200,000 $942,500 $432$694$80$425$943,679$937,840 3744

Condo Market Stats

YearAvg PriceHighLowMedianAvg $/SFHighLowMedianAVG After 2000AVG Before 2000Avg DOMCount
2010$350,671 $425,000 $270,000 $362,450 $355$431$317$340$350,671 n/a3914
2011$329,064 $415,000 $215,900 $326,250 $347$417$285$349$360,444 $272,580 4614
2012$298,658 $555,000 $218,900 $283,500 $361$421$282$367$308,593 $276,800 4216
2013$312,769 $454,900 $202,000 $288,400 $348$466$273$361$346,588 $262,039 7820
2014$321,229 $457,900 $233,000 $284,000 $365$478$266$379$342,375 $270,480 6017
2015$394,183 $825,900 $225,000 $942,500 $393$552$278$388$424,326 $273,611 4045
2016$410,402$615,000$254,000$415,000$439$550$331$434$418,674$282,1754233

Townhouse Market Stats

YearAvg PriceHighLowMedianAvg $/SFHighLowMedianAVG After 2000AVG Before 2000Avg DOMCount
2010$406,572 $529,900 $360,000 $395,000 $283$317$243$283$404,763 $450,000 2825
2011$445,855 $577,000 $366,000 $426,500 $306$366$211$308$442,584 $512,900 2543
2012$426,428 $585,000 $314,900 $412,950 $319$390$235$322$424,865 $524,900 3864
2013$425,389 $570,000 $322,350 $415,900 $322$387$260$327$425,389 n/a4274
2014$459,744 $595,000 $346,500 $422,000 $319$394$252$321$455,766 $595,000 4235
2015$478,214 $619,900 $352,000 $470,000 $335$415$262$331$475,615 $557,500 4563
2016$537,826$699,000$377,000$545,000$404$515$283$398$537,826n/a1519

New Westminster – Queensborough

737 EWEN AVE, NEW WESTMINSTER, BC V3M 6R7, CANADA