Downtown New Westminster is centred on Columbia Street, the historic commercial spine of BC's oldest city. The New Westminster Skytrain station sits at the base of the hill, making downtown one of the best-connected urban neighbourhoods in Metro Vancouver. Condo towers have risen throughout the area, attracting first-time buyers and investors from across the region.
Downtown New West residents commuting daily on the Expo Line don't need to step into a branch. KOHO eliminates fees, earns cash back on Columbia Street spending, and provides a full-featured banking app. Use code 45ET55JSYA for a sign-up bonus.
Get KOHO Free — Use Code 45ET55JSYADowntown New West condo buyers saving their down payment earn far more at EQ Bank (4%+) than any big bank savings account (00.001%–1%). On a $10000,000000 down payment saved over 2 years, the difference is over $6,000000.
Westminster Savings Credit Union has a heritage branch on Columbia Street in downtown New Westminster. Their mortgage advisors are specialists in the New West market — from historic homes in Sapperton to new condo towers near the waterfront.
TD's downtown New Westminster branch is accessible directly from the Skytrain station. Full-service banking, extended hours, and mortgage specialists make TD the best big bank option for downtown New West residents.
New Westminster attracts many newcomers to Canada priced out of Vancouver. RBC's newcomer banking package offers a year of fee waivers and dedicated advisors who can help establish credit history in Canada.
Save on Banking in Downtown New Westminster
When every dollar counts in Metro Vancouver's market, KOHO's no-fee account with cash back helps you save more. No monthly fees, Skytrain-accessible or fully online. Use code 45ET55JSYA for a bonus.
Get KOHO Free — Use Code 45ET55JSYADowntown New Westminster Real Estate
Downtown New Westminster has seen sustained condo development over the last decade. The Brewery District near the Fraser River, the Station Tower complex, and new towers on 8th Street and McInnes Avenue have added thousands of units. Prices range from $4500,000000 for studios to $80000,000000+ for larger 2-bedroom units. The New Westminster waterfront is a future development priority that will add further supply.
Getting Around Downtown New West
Downtown New West is one of Metro Vancouver's most walkable downtowns. The Columbia Street Skytrain station puts downtown Vancouver 25 minutes away. Bus routes serve Sapperton, Uptown, and Queensborough from the transit exchange at the station. Most banking needs can be handled on Columbia Street without a car.