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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale
$1,750,000
9137 MALCOLM PLACE, surrey, British Columbia

9137 Malcolm Place

Surrey, British Columbia

Fully and beautifully renovated house in high demanding area. 4 bedrooms, 3 bathrooms,living room kitchen upstaris use and two bedroom and one bedroom suite downstaris for mortgage helper. close to both levels of schools and shopping centre.House incluedes,New floor,new kitchen,new roof, new driveway, quartazs counter tops,S/S appliances,brand new bathrooms. Great location walking distance to Robertson Drive Park.Walking distance to wall mart on 88th ave. easy to see,call for an appointment. (id:48205)

7 Bedroom 5 Bathroom 3177
For sale Open House
$1,749,900
14193 MELROSE DRIVE, surrey, British Columbia

14193 Melrose Drive

Surrey, British Columbia

EXECUTIVE FAMILY HOME IN DESIRABLE BOLIVAR HEIGHTS NEIGHBOURHOOD! The main floor features soaring ceilings and large windows inviting plenty of natural light. Appreciate 2 gas fireplaces, luxurious in-floor radiant heating, hardwood flooring and a gourmet kitchen with wood cabinetry, quartz counters and sleek appliances. Relax with the flexibility of a mortgage helper with private entrance or in-law suite! Upstairs are 4 sizeable, en-suited bedrooms with plenty of closet space. Appreciate 2 levels of covered outdoor space for year round enjoyment and fenced yard for pets and gardening! Centrally located close to schools, parks, Guildford Mall and easy access to transit routes, Highway 1 and Pattullo/Port Mann Bridge. ***OPEN HOUSES SAT & SUN MAY 4 & 5 2-4PM*** (id:48205)

5 Bedroom 5 Bathroom 2845
For sale Open House
$1,749,888
7124 192 STREET, surrey, British Columbia

7124 192 Street

Surrey, British Columbia

Like New 2021 Built Home (NO GST) with 7 Beds & 6 Baths in Desirable Clayton area. Stunning Home features 1 Bedroom and Full Bath on Main Floor, modern Kitchen with high end appliances, large island, Spice Kitchen with gas stove & pot boiler and cozy Family Room. Upstairs comes with 4 spacious Bedrooms, 2 Walk-in closets and 3 Full Baths & Laundry room. Lots of Big windows throughout the home to bring natural light. 2 Bed MORTGAGE HELPER, and Media Room with Bathroom downstairs. Big Double garage & driveway with extra street parking. This home exhibits custom features, exquisite materials, unique design elements & quality craftsmanship. Walking distance to schools, public transit, parks, shopping, and easy access to Hwy. This Home has it all. OPEN HOUSE Apr 27/28th Sat/Sun 2-4PM (id:48205)

7 Bedroom 6 Bathroom 3216
For sale
$1,749,888
8499 156A STREET, surrey, British Columbia

8499 156a Street

Surrey, British Columbia

Well maintained, three level split home is situated on a quiet cul-de-sac in a great neighbourhood. Beautiful Brazilian cherry wood flooring in the living & dining rooms. Kitchen with centre island & eating area, family rm with gas fireplace & french doors to the partially covered west facing rear deck. Laundry on the main with sink. Up are the primary bdrm with 5 pc ensuite, inc soaker tub, large shower & walk-in closet, 2 addtl bdrms & 4 piece bathroom. Down is a bright basement with windows all around, massive rec room & summer Kitchen. Very easy to suite. Hot water in floor heating for a cozy basement & AC in the bedrooms for the cool summer nights. Garage - 100 amp panel & RV plug in. Flat lot is beautifully landscaped w/ inground sprinklers. Ready for you to move in! Open Apr 14, 2-4 (id:48205)

3 Bedroom 4 Bathroom 2994
For sale Open House
$1,749,000
7758 169A STREET, surrey, British Columbia

7758 169a Street

Surrey, British Columbia

Sought after single house in FLEETWOOD, the fast growing community along the Fraser Hwy in Surrey. Within walking distance to the future skytrain station & Surrey Public Golf Course. This beautiful 3 level FOXRIDGE HOME features high ceilings, hardwood floors, granite counters, and quality stainless appliances. luxurious Master bedroom has its own balcony and 5 piece ensuite. Fully finished basement with family room, games room, guest room, full bath and flex room/office area. The seperate entrance makes it easy to be converted to a rental suite. Study/office on the main provides the possibility of work from home. Practice your putting in your own fenced back yard while enjoying the green and BBQ on the huge covered deck. This is where you call home sweet home. (id:48205)

4 Bedroom 4 Bathroom 3357
For sale
$1,749,000
16336 79A AVENUE, surrey, British Columbia

16336 79a Avenue

Surrey, British Columbia

Meticulously maintained Hazelwood Grove Home. Same owners for 27 years. The 2569 sq ft home sits on a beautifully landscaped 7100+ sq ft lot. The open entry welcomes you to your sunken living room leading to dining room. Bright white open kitchen with large eating area that opens to family room overlooking the 14x34 inground pool that is surrounded by 1200 square feet of stamped concrete. Large bedroom on main floor with walk in closet. Upstairs features 4 large bedroom with two baths. South facing backyard surrounded by vinyl fencing. Complete irrigation system.Updates include: newer flooring throughout, carpets, HW tank, paint, powered awning for shade, upper windows and window coverings. Extra long driveway so bring the RV. Nothing to do but move in. Must be viewed to be appreciated. (id:48205)

5 Bedroom 3 Bathroom 2569
For sale
$1,749,000
9427 161 STREET, surrey, British Columbia

9427 161 Street

Surrey, British Columbia

IMMACULATELY MAINTAINED inside and out with absolutely nothing for you to do other than to enjoy life. Buy PEACE OF MIND with roof, gutters, skylights, majority of windows, & hot water tank all replaced. Buy COMFORT with newer appliances, flooring, bathroom & kitchen renovations, built-in vacuum, alarm system & central air conditioning. Enjoy OUTDOOR LIVING with a 324 sqft patio with new rubber patio coating, patio cover for year round enjoyment, natural gas connection, large yard, vegetable garden, & storage shed. This over 2900 sqft home has large bedrooms, a home office, tons of storage, spacious laundry room, formal and informal living areas & abundant natural light. A short walk to all levels of school and many trails and parks close by. Easy access to the freeway & close to shopping. (id:48205)

4 Bedroom 3 Bathroom 2904
For sale
$1,749,000
9814 157 STREET, surrey, British Columbia

9814 157 Street

Surrey, British Columbia

Welcome to this beautiful renovated family home on Guildford. This one of a kind 5 beds, 2.5 baths, 2875 sq.ft. of living space on 7060 sq.ft. lot. Home is covered with tons of wood panel and Paneled ceilings. Enjoy cooking in a gourmet kitchen with lots of storage, granite counter top and SS appliances. Room for a large family with a massive living room, one bedroom, a family room and a large covered deck beside the family room on main floor. Tank-less instant hot water system, and heat pump/air conditioning system that always ensures perfect comfort. 4 generous size bedrooms, 2 full bath and laundry room on the top floor. Private fenced yard and a double attached garage. Call today for your private showing. (id:48205)

5 Bedroom 3 Bathroom 2875
For sale
$1,748,888
14164 89A AVENUE, surrey, British Columbia

14164 89a Avenue

Surrey, British Columbia

Welcome to this beautiful two level well maintained home which is perfect for any family. On the main floor there is a great sized living room and dining with 3 bedrooms and 2 bathrooms. There is a 2 bedroom unauthorized basement suite which provides a great mortgage helper. The home sits on over 8,000 Sq Ft lot which is great for a family that requires additional parking and yard space. This home has been well-maintained: Fresh paint and new stainless steel appliances. Catchment Schools : Creekside elementary & Queen Elizabeth secondary (id:48205)

5 Bedroom 3 Bathroom 2370
For sale
$1,748,800
15811 111A AVENUE, surrey, British Columbia

15811 111a Avenue

Surrey, British Columbia

Fraser Heights : Immaculate home in quietest part of Fraser Heights . 4 bedrooms up , and 1 bedroom, flex room and bath on main that could be used as private lock off for Nanny or teenager , or Granny and a total of 5 bathrooms for a growing family . Open floor plan with high ceilings , maple kitchen cabinets , quality construction , you won't hear a floor squeak anywhere . Well maintained home and property , long lasting concrete tile roof , comfortable hot water heat , fences all recently updated . School catchment is Dogwood elementary and Ecole Fraser Heights .Easy Bus access to SFU. T.V. brackets stay in Flex room . (id:48205)

5 Bedroom 5 Bathroom 2712
For sale
$1,730,000
9659 149B STREET, surrey, British Columbia

9659 149b Street

Surrey, British Columbia

Welcome to 9659-149B Street, a spacious 6-bedroom home on a picturesque corner lot. With 4,000 sq ft of living space, including a den/pantry and office, it's designed for comfort and convenience in mind. What truly sets it apart are the two mortgage helpers-a studio suite and a two-bedroom suite-with potential for a third by converting the garage. Outside you'll discover a real cedar deck, gazebo, and over 1300 square feet of covered space. Situated on a 7,100 sq ft lot, close to schools and amenities like Guildford Mall and the King George SkyTrain station. Don't miss out on this rare opportunity to own a piece of paradise in Surrey - schedule your private tour today and experience the beauty and potential for yourself! (id:48205)

6 Bedroom 5 Bathroom 4642
For sale
$1,729,000
15524 111A AVENUE, surrey, British Columbia

15524 111a Avenue

Surrey, British Columbia

Fraser Heights! Executive custom Rancher with loft! Huge 3 bedroom home with master on main and two spacious bedrooms up! Lovely flowing plan with features large open kitchen flowing to family room overlooking private garden! All rooms are oversized with extensive master bedroom w/ ensuite and very elegant formal living and dining rooms, huge laundry/utility room with built in cupboards! Skylights and big hallways add to the natural light and flow! Expansive private 8052 sq ft south facing lot backing on to private park space! Excellent location, quiet with very quick freeway access! Check this one out! (id:48205)

3 Bedroom 3 Bathroom 2527
For sale
$1,725,000
12792 113B AVENUE, surrey, British Columbia

12792 113b Avenue

Surrey, British Columbia

WELCOME TO THIS FANTASTIC WELL KEPT HOME IN VERY CONVENIENT LOCATION. Like a Brand new home this home features 6 Bedrooms,5 Bathrooms on a corner lot. House is still under New Home 2-5-10 Years warranty. Main floor have a very spacious Kitchen with Maple kitchen cabinets, Granite counter tops, Family room with gas fire place, Primary room with full ensuite, Powder room, Radiant Heat, Stainless steel Appliances.2 Master bedrooms. 2 Bedroom Basement suite and Double Garage. Very private fenced back yard. View of mountains from upper floor. Walking distance to schools, Park, Bus and Skytrain. Easy access to all major routes. Don't Miss this one. (id:48205)

6 Bedroom 5 Bathroom 3084
For sale
$1,699,989
14927 KEW DRIVE, surrey, British Columbia

14927 Kew Drive

Surrey, British Columbia

Fully renovated beautiful home sitting on aprrox 8250 sq. ft. lot. This home come with 3 bed 2 bath with open concept kitchen for upstairs use and below has 2 mortgage helpers (2 bed and a bachelor suite). The home comes with lot of upgrades brand new floor, brand new paint, brand new LG stainless steel appliances, Brand new windows, Brand new hot water tank, new security camera's and so many more upgrades. Big windows for lots of natural light and huge drive way for ample of parking. Currently home is being used as an Air BNB and generating more than $6,000 monthly just from upstairs. Must see before it's gone. Call for more informations. (id:48205)

5 Bedroom 4 Bathroom 2100
For sale Open House
$1,699,900
6997 195A STREET, surrey, British Columbia

6997 195a Street

Surrey, British Columbia

Welcome to your new 4 bed, 3.5 bath home! A luxury custom built home by Mark IV Developments with 2x6 construction throughout and a 3 car garage with extra high ceilings, ideal for recreational toys and boats. The professionally designed interior features 9' high ceilings on the main floor with an open concept floorplan and gorgeous oak floors! The gourmet kitchen has everything you need for entertaining - under cabinet lighting, Electrolux high end appliances and a full size fridge and freezer! Step into the basement where you'll find ample storage space, a play room for the kids and a soundproof theatre room with built in cabinetry. Roughed in for a suite in the basement. Don't miss your opportunity to view this home! It won't last long...book now! OPEN HOUSE MAY 11 3-5PM & MAY 12 1-3PM! (id:48205)

4 Bedroom 4 Bathroom 3409
For sale
$1,699,900
16905 83 AVENUE, surrey, British Columbia

16905 83 Avenue

Surrey, British Columbia

Nestled in the vibrant city of Fleetwood Surrey an exceptional opportunity for spacious living. Boasting six bedrooms and four bathrooms, this property epitomizes comfort and luxury. As you step inside, you're greeted by an abundance of natural light from the many windows This spacious layout offers living, dining, family room & bedroom/den. Retreat to the expansive master suite, complete with a private ensuite bath. Large basement area with seperate entrance, kitchen, bedroom, den, full bathroom. Large rec/flex room waiting for your finishing ideas. Outside, the generously sized backyard provides plenty of room for outdoor gatherings & privacy. All of this on quiet culdesac, close to schools, shopping, & transportation. Easy to show. (id:48205)

6 Bedroom 4 Bathroom 3913
For sale
$1,699,900
10931 161A STREET, surrey, British Columbia

10931 161a Street

Surrey, British Columbia

Fraser Heights! This gorgeous two storey home on a crawl space has been nicely updated by the long time owner and shows great in and out. Features include a sunny West backing yard, vaulted ceilings, 4 bedrooms upstairs, 2 gas fireplaces, stainless appliances, updated laminate floors and carpet, an updated roof, new furnace and a new hot water on demand tank. Perfect location less than one block to the elementary and high schools, Fraser Heights Shopping Village, transit and all the great local amenities. This is the perfect home for a growing family! Call your agent to book a viewing. (id:48205)

4 Bedroom 3 Bathroom 2149
For sale
$1,699,900
13704 110A AVENUE, surrey, British Columbia

13704 110a Avenue

Surrey, British Columbia

Investor & Developer Alert, Potential land assembly, hold for future Multifamily Redevelopment,OCP Multifamily, low to Mid Rise up to 2.5 FAR, Next door 547 condominium are coming soon by Maskeen Group in booming Surrey Central location conveniently and strategically located with walking distance to SFU Surrey, City Hall, Surrey Central and Gateway skytrain stations, shopping, restaurants, schools & parks with easy access to King George Hwy, Highway 1, Highway 99. House in Great condition Both house and suite are rented to good tenants for $5300/M while waiting for the future Redevelopment. Great Opportunity. Call for more info... (id:48205)

5 Bedroom 2 Bathroom 1505
For sale Open House
$1,699,000
16188 111A AVENUE, surrey, British Columbia

16188 111a Avenue

Surrey, British Columbia

This classic, prestigious, and well-maintained custom-built home features 4 bedrooms and 3 full baths. As you step inside, you'll be greeted by high ceilings in the great room and stairs leading to the second floor, providing the perfect setting for the chandelier you've always dreamed of. The main floor den can easily used as a bedroom, conveniently located next to a full bath. The spacious kitchen offers ample storage and a delightful view of your colorful backyard, making cooking a joyful experience. This property is located easy access to schools such as Erma Stephenson Elementary, which provides a brand new pre-school and MACC program. Within a 5-minute drive, you'll find grocery stores, restaurants, banks, clinics, and Top tier Pacific Academy as well. This home will not last long! (id:48205)

4 Bedroom 3 Bathroom 2574
For sale Open House
$1,699,000
16662 102 AVENUE, surrey, British Columbia

16662 102 Avenue

Surrey, British Columbia

Welcome to your dream home in Fraser Heights! This spacious 5 bed, 4 bath gem includes a legal suite, offering versatility and income potential. Situated on a generous 7100 SF lot with 3000 SF of living space, this home provides room to grow. Step inside to an open and inviting floor plan, with various upgrades over the years like air conditioning. Outside, enjoy beautifully manicured front and back yards, with a large deck for outdoor entertaining. Ample parking awaits you out front, plus a dedicated boat pad. For families, the proximity to Pacific Academy private school is a huge plus, and public schools like Bothwell and Ecole Fraser Heights are also close by. Don't miss out on this exceptional opportunity to live in one of Surrey's most sought-after neighborhoods. (id:48205)

5 Bedroom 4 Bathroom 3002
For sale Open House
$1,699,000
16107 108A AVENUE, surrey, British Columbia

16107 108a Avenue

Surrey, British Columbia

Best location in Fraser Heights in Cul-De-Sac. A vaulted ceiling entry makes quite the statement. Bright & spacious living areas with formal dining area ideal for entertaining. Open concept Kitchen & the large family room leads to a large outdoor deck and private yard with park view. Backing on to the park makes this an ideal location for families. A lot of renovations done throughout recently (new floorings, paintings, appliances, food fan, light fixtures, countertop, sinks and toilets and more). New roof done in 2013, Hot water tank replaced in 2014. Roughed-in EV charger for your electrical car. Close to shopping, transit, Erma Stephenson Elementary & Fraser Heights Secondary. Easy access to Highways. Perfect home for family. Open House: April 13&14 2-4pm. (id:48205)

4 Bedroom 3 Bathroom 2653
For sale
$1,699,000
12175 93A AVENUE, surrey, British Columbia

12175 93a Avenue

Surrey, British Columbia

Fantastic development property (Buyer to verify with City) on an over 9200 SF rectangular lot with 80ft frontage. OCP allows for multiple residential. Conveniently located near schools, transit and shopping. Great rental income (2br+3br) while you explore options to re-develop. (id:48205)

5 Bedroom 2 Bathroom 1600
For sale
$1,699,000
19433 70 AVENUE, surrey, British Columbia

19433 70 Avenue

Surrey, British Columbia

Custom built home with top quality craftsmanship and high end Kitchen Aid appliances. Top location in East Clayton right across Katzie Elementary. Contemporary design spread over 3 levels with a total of 5 Bedrooms and 4 Washrooms. Centrally Airconditioned with Central Vacuum and Radiant Heating. 2 Bedroom legal basement suite as a Mortgage helper. Rec Room in the Basement can be rented out as part of the Basement suite to form a 3 Bedroom suite. Spacious Rec room and a nice backyard for family entertainment. Detached double car garage with rear access. (id:48205)

5 Bedroom 4 Bathroom 2177
For sale Open House
$1,688,888
8883 157 STREET, surrey, British Columbia

8883 157 Street

Surrey, British Columbia

Listed at Assessed Value for Quick Sale -Fleetwood Location! - Walking distance to proposed sky train station!! Walking Distance to Schools, and all stores like grocery, restaurants, coffee shops etc.!! Main House features three bedrooms, two washrooms, laundry and huge living dining room combined. Main house also features side one bedroom suite with its on entrance and laundry. Bright and above ground basement suite features two bedrooms and two bathrooms with separate laundry also. Great location makes this house a must see if you are looking in Fleetwood near all amenities and potential future multifamily development as land assembly. OPEN HOUSE With Agents: on Saturday May 11th from 1PM To 4 PM Buyers must have their agent with them as property is fully tenanted. (id:48205)

6 Bedroom 5 Bathroom 3309
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

North Surrey

North Surrey is a perfect place for those who may need to commute. Not only is there an abundance of public transportation but you are located only about 25 minutes from downtown Vancouver by car. You also have many access and exit points to North Surrey through the Queensborough Bridge and multiple highway routes.

The community is beginning to develop plenty of luxury developments at much more affordable rates when compared to Burnaby and Vancouver. For penthouse units or condos with city and mountain views in Surrey you are looking at price ranges in the $600,000’s to $700,000’s, $800,000’s, and above. These offer unobstructed panoramic views of the city, the Fraser River, and the Pacific Coast Rocky Mountains making them extremely well priced in comparison to condos with views in Vancouver or Burnaby.

Neighborhoods in

North Surrey

In recent years, North Surrey has continued to grow and new condo and townhouse developments are popping up across town. With recent growth, the community has seen a lot of new custom homes being and young affluent families are beginning to move in.

map of clodverdale neighborhoods

Amenities in

North Surrey

In North Surrey there is also plenty of entertainment and lots of things to do. There is a large mall located just off the Skytrain and an excellent Recreation Centre with a swimming pool, Ice Arenas, Weight Room and Cardio Centre. Within the Rec Centre there are also some great after school programs, youth programs, and classes for adults.

North Surrey is home to some of the most state-of-art recreational facilities in Surrey. Whether you’re looking for indoor gyms, swimming pools, ice rinks or well-maintained outdoor walking trails, North Surrey has it all.

  • North Surrey Sport & Ice Complex
  • North Surrey Community Park
  • North Surrey Recreation Centre
  • Green Timbers Urban Forest
  • Holland Park
There are plenty of elementary and secondary schools located in North Surrey. Many of these schools have an excellent track record.

North Surrey Elementary Schools:

  • Hjorth Road Elementary School
  • Serpentine Heights Elementary School
  • Bonnaccord Elementary School
  • Berkshire Park Elementary
  • Harold Bishop Elementary
  • William F. Davidson Elementary School
  • Riverdale Elementary School

North Surrey Secondary Schools:

  • North Surrey Secondary School
  • Johnston Heights Secondary School
  • Guildford Learning Centre
  • Fraser Heights Secondary School

Private Schools in Cloverdale:

  • Holy Cross Regional High School
  • Surrey Christian School
  • Regent Christian Academy
  • Pacific Academy
North Surrey has an excellent reputation as being one of the best shopping districts in the Fraser Valley. Thousands of non-residents travel across the Fraser Valley each week just to be able to shop here.

  • Guildford Town Centre
  • Central City Mall
  • Cedar Hills Shopping Centre
  • Riverside Heights Shopping Centre

The transportation options in North Surrey continue to improve year after year. With easy access to Downtown Vancouver, its no surprise many commuters live in North Surrey and drive or transit into Vancouver for their jobs.

  • Uber
  • Translink Buses
  • Taxi Service
  • Skytrain

Economic Stats for

North Surrey

The economy in North Surrey continues to grow rapidly across a variety of different industries from finance to medical and education to warehousing. The economy is flourishing across all sectors and is expected to continue for many, many years.

North Surrey’s population has been steadily growing over the last decade. Over the last ten years, we have seen population growth close to 1% year after year, especially in Whalley (the city centre).
Communities like Whalley have lower than average household incomes, but a staggering 11% of the households each in excess of $150,000 per year in household income.

As the community continues to grow we expect the household incomes to increase substantially.

Similar to many other communities within the Fraser Valley, North Surrey has experienced drastic pricing increases, especially in new development projects.

North Surrey April 2021 Price Three Year % Change    
Detached House $1,288,100 30%    
Townhouse $618,800 7%    
Apartment/Condo $452,800 4%    

(From MLS® Home Price Index – Fraser Valley Real Estate Board April 2021.)

 

Residential Property Tax Rate for Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.189%     0.123%       0.346%
2019     0.176%     0.114%       0.319%
2018     0.181%     0.116%       0.326%

There are several major economic drivers in North Surrey. While the city has a very diverse economy, there are several large organizations that have been critical to the growth over the last several years.

Simon Fraser University is located in the Central City mall. With over 7,000 university students per semester, this provides a huge economic boost to the surrounding restaurants and retail stores. Kwantlen Polytechnic University has launched a new campus right next door which attracts several thousands more students.

Surrey Memorial Hospital is a high-volume hospital that employs thousands of highly paid and unionized staff. 

 

Rental Potential in

North Surrey

Condos for sale in the core of North Surrey, near the Simon Fraser University Surrey Campus, are a sure bet for rental investments. Today the Taylor Team has sold many of these units to individuals from all over the world who are purchasing these North Surrey condos purely for rental investment purchases. Being that these condos start in the $400,000 price point approximately, the rent literally will pay your mortgage if you need one. Being that all the condos are located within walking distance to the Skytrain, many students without personal transportation love to rent out the condos for the duration of their higher learning, and in some cases we have seen that the graduates stay in these condos as they are quite nice and extremely convenient for the working professional who has to commute into downtown Vancouver.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In North Surrey, you can expect to pay around 0.334% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

North Surrey is a big rental market. There are plenty of savvy investors that understand how lucrative the North Surrey rental market is and they continually invest in new condo projects, townhomes, and detached homes.

Vacancy rates in North Surrey are almost non-existent with the average being between 1-1.5% vacancy at any given time.

As we all know, each neighbourhood and property type will be able to demand rental rates at different rates. So it’s best to speak with a local real estate agent who understands your property and the market demand.

Estimated Monthly Rents:

1 Bedroom – $1,350 – $1,600 per month

2 Bedroom – $1,700 – $2,150 per month

3 Bedroom – $2,200 – $3,400 per month