New Westminster is a vibrant, historic city in British Columbia's Vancouver Metro region. Its economy has evolved from one reliant on the lumber and fishing industries to one in which manufacturing, technology, and professional services businesses thrive.
As part of the Vancouver Metro area, living in New Westminster can be expensive. However, its homes are much larger and more affordable than those in downtown Vancouver, a 20-minute drive or SkyTrain ride away. The median house in New Westminster costs C$650,000, compared to C$1.29 million. The cost of utilities, groceries, and leisure activities in New Westminster is comparable to other Vancouver neighbourhoods.
New Westminster, BC Job Opportunities
New Westminster is home to a number of manufacturing businesses, including Kruger, Pacific Bolt Manufacturing, and Cannon Manufacturing. These companies and others in the manufacturing sector employ machinists, technicians, project managers, and other industry professionals.
New Westminster also has a growing technology sector. Engineers, developers, and other tech experts can find opportunities to work on cutting-edge innovations like sensors, clean energy, and fiber-optic technology in New Westminster.
Sales and customer service representatives are also in demand at New Westminster's professional services firms, including Prime Time Promotions and Best Personnel.
New Westminster, BC Employment Trends
New Westminster's economy and total employment are expected to grow steadily in the coming years at an average of 1.4 per cent until 2041. However, with an aging population the city could face a shortage of workers available to fill its vacant positions. This shortage of willing and able-bodied workers could inhibit employment growth in New Westminster. The unemployment rate in New Westminster is also expected to fall to 4 per cent by 2020, levels not seen since before the global financial crisis. This would put New Westminster's unemployment rate well below the British Columbia and Canadian averages.