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Relta Real Estate, by Ray Rasouli

Ray Rasouli is a licensed REALTOR® with the Greater Vancouver board, providing clarity-first guidance for buyers and sellers. No pressure, no hype.

Built for rational decisions, transparent process, and practical next steps.

Ray Rasouli, REALTOR® · Real Broker B.C. Ltd.
500-666 Burrard Street, Vancouver, BC V6C 3P6
+1 (778) 910-6917 · ray@relta.ca
Relta Real Estate is a brand and software platform, not a brokerage. Real estate services are provided by Ray Rasouli, licensed with Real Broker B.C. Ltd.

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Home/Rent vs mortgage/New Westminster

Rent vs mortgage

What could you buy in New Westminster instead of renting?

In New Westminster, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $189,500 under New Westminster's $716,500 median home price, and 152 homes sit at or under it today. Enter your own rent to see what it changes to, from live MLS® inventory.

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,500/mo owns a home worth about

$527,000

152 New Westminster homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $414,000.

Rate %
Down %
Amort. yrs
Email *

What each rent buys in New Westminster

Your rent
$1,500/mo
Buys a home priced
$316,000
Homes on the market
9
Your rent
$1,800/mo
Buys a home priced
$380,000
Homes on the market
28
Your rent
$2,000/mo
Buys a home priced
$422,000
Homes on the market
56
Your rent
$2,200/mo
Buys a home priced
$464,000
Homes on the market
85
Your rent
$2,500/mo
Buys a home priced
$527,000
Homes on the market
152
Your rent
$3,000/mo
Buys a home priced
$633,000
Homes on the market
245
Your rent
$3,500/mo
Buys a home priced
$738,000
Homes on the market
332
Your rent
$4,000/mo
Buys a home priced
$844,000
Homes on the market
374
Your rentBuys a home pricedHomes on the market
$1,500/mo$316,0009
$1,800/mo$380,00028
$2,000/mo$422,00056
$2,200/mo$464,00085
$2,500/mo$527,000152
$3,000/mo$633,000245
$3,500/mo$738,000332
$4,000/mo$844,000374

New Westminster homes around a $2,500 rent

#308 – 55 Blackberry Drive
Under your rent
21

$338,000

~$1,602/mo

i

#308 – 55 Blackberry Drive

New Westminster · Residential

1 bd

1 ba

632 sqft

$535/sqft

Built 1994

MLS® R3150729

View

RE/MAX All Points Realty

#1506 – 615 Belmont Street
Newly Listed
Under your rent
30

$429,000

~$2,033/mo

i

#1506 – 615 Belmont Street

New Westminster · Residential

1 bd

1 ba

890 sqft

$482/sqft

Built 1983

MLS® R3157390

View

RE/MAX Select Properties

#702 – 1026 Queens Avenue
Under your rent
38

$499,000

~$2,365/mo

i

#702 – 1026 Queens Avenue

New Westminster · Residential

2 bd

2 ba

1,024 sqft

$487/sqft

Built 1985

MLS® R3154219

View

RE/MAX Select Realty

#404 – 320 Royal Avenue
Under your rent
20

$380,000

~$1,801/mo

i

#404 – 320 Royal Avenue

New Westminster · Residential

1 bd

1 ba

664 sqft

$572/sqft

Built 1975

MLS® R3146693

View

RE/MAX All Points Realty

#1906 – 988 QUAYSIDE Drive
Under your rent
34

$495,000

~$2,346/mo

i

#1906 – 988 QUAYSIDE Drive

New Westminster · Residential

1 bd

1 ba

554 sqft

$894/sqft

Built 2019

MLS® R3154112

View

Sutton Group - Vancouver First Realty

#302 – 709 12TH Street
Under your rent
35

$487,000

~$2,308/mo

i

#302 – 709 12TH Street

New Westminster · Residential

1 bd

1 ba

652 sqft

$747/sqft

Built 2012

MLS® R3150518

View

Macdonald Realty

#310 – 316 Cedar Street
Under your rent
29

$369,900

~$1,753/mo

i

#310 – 316 Cedar Street

New Westminster · Residential

2 bd

1 ba

856 sqft

$432/sqft

Built 1976

MLS® R3119489

View

RE/MAX All Points Realty

#310 – 428 AGNES Street
Under your rent
27

$393,900

~$1,867/mo

i

#310 – 428 AGNES Street

New Westminster · Residential

1 bd

1 ba

658 sqft

$599/sqft

Built 1978

MLS® R3157121

View

Team 3000 Realty Ltd.

#206 – 710 SEVENTH Avenue
Under your rent
40

$398,000

~$1,886/mo

i

#206 – 710 SEVENTH Avenue

New Westminster · Residential

1 bd

1 ba

720 sqft

$553/sqft

Built 1976

MLS® R3149098

View

Royal LePage Westside

#504 – 534 SIXTH Street
Under your rent
34

$525,000

~$2,488/mo

i

#504 – 534 SIXTH Street

New Westminster · Residential

2 bd

2 ba

1,213 sqft

$433/sqft

Built 1983

MLS® R3138071

View

Nu Stream Realty Inc.

#406 – 14 Begbie Street
Newly Listed
Under your rent
28

$515,000

~$2,441/mo

i

#406 – 14 Begbie Street

New Westminster · Residential

1 bd

1 ba

862 sqft

$597/sqft

Built 2009

MLS® R3156415

View

Sutton Group - 1st West Realty

#1301 – 258 NELSON'S Court
Under your rent
34

$469,900

~$2,227/mo

i

#1301 – 258 NELSON'S Court

New Westminster · Residential

1 bd

1 ba

520 sqft

$904/sqft

Built 2020

MLS® R3143853

View

Rennie & Associates Realty Ltd.

See all $2,500/mo matches (152 active listings)

Renting vs buying in New Westminster: what actually changes

At $2,500/mo your payment would carry a $527,000 New Westminster home against a $716,500 local median. Whether that beats renting comes down to four things, not just the monthly number.

Closing costs

Buying carries one-time costs renting does not: property transfer tax, legal fees and inspection. Budget for them before you compare monthly numbers.

Carrying costs

A mortgage payment is not the whole cost. Property tax, strata and insurance sit on top, which is why the all-in number matters more than the headline.

Equity

Each mortgage payment buys a little more of the home. Rent buys none of it, and that gap compounds over the years you would have rented.

Flexibility

Renting is easier to leave. Owning ties up your down payment and takes time and cost to unwind, so the break-even math only works if you stay put.

RR

How these numbers are worked out

I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.

More ways to explore New Westminster

Browse New Westminster listings, market data, and timing from one place.

New Westminster homes for sale

Narrow New Westminster homes by feature

New Westminster market report

New listings in New Westminster

New Westminster price drops

Neighbourhoods in New Westminster

Narrow your search to a specific New Westminster neighbourhood.

New Westminster

Nearby cities

Compare New Westminster with other markets in the region.

Rent vs mortgage in Surrey

Rent vs mortgage in Vancouver

Rent vs mortgage in Richmond

Rent vs mortgage in Langley

Rent vs mortgage in Burnaby

Rent vs mortgage in Coquitlam

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.