Condos and Houses for Sale in New Westminster, BC

Condo ownership in British Columbia comes with monthly strata fees and possible special levies for major repairs. Ask for the last two years of strata minutes, the depreciation report and the contingency reserve balance. Older concrete and wood-frame buildings may need envelope repairs, which can be costly. Property tax is paid annually to the city, and the BC Speculation and Vacancy Tax may apply to some owners who leave homes empty, so confirm your status.

It is the oldest city in western Canada and has a historic Uptown, the Quay on the river and heritage houses in Queen's Park. SkyTrain's Expo Line gives a fast ride to downtown Vancouver, and new towers cluster around the station districts. Parks, a riverfront boardwalk and a relatively compact size give a community feel. Buyers include commuters priced out of Vancouver, young families and investors.

In BC, check strata fees, depreciation reports and bylaws on rentals and pets.

British Columbia imposes a Foreign Buyers Tax on residential purchases in major regions, and a federal ban on many foreign purchases has applied, with exemptions. Rules and rates change, so verify with a lawyer. Also expect a property transfer tax.

See the Canada overview, financing and consultation. Compare Vancouver and Surrey, or Canadian apartments.