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New Westminster Real Estate Info Update

Blog by Cindy Gering | April 19th, 2017

The Real Estate Investment Network has predicted that within 10 years New Westminster will be the centre of a real estate investment boom thanks multiple factors that signify a strong economy and its location as a transportation hub city. New Westminster’s affordable housing costs, multiple SkyTrain connections, and its reputation to have low commercial development fees. is making the city a good place for small business and families. The report estimates that New West’s population will jump from just over 70,000 now to more than 90,000 by just 2030.  New Westminster Mayor Jonathan Cote said many new residents are migrating from Vancouver stating “I think the reason for that is that we share some of the urban qualities of Vancouver, but from an affordability perspective, there’s definitely some relief here.” The New Westminster quay is envisioned as the heart of the downtown with a vibrant civic, educational, entertainment and cultural focus. The City Plans anticipate that office and institutional employees, students, residents and visitors will provide future economical support to restaurants, galleries, shops and services along a network of pedestrian-oriented streets. New Westminster is where you need to be buying, as it is still affordable and an ideal location. Contact Team Cindy Gering 604-779-1292 for all your real estate needs!