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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
$1,799,000
10192 177 STREET, surrey, British Columbia

10192 177 Street

Surrey, British Columbia

This executive custom built home features 8 spacious bedrooms and 7 Baths. Separate dinning space, family and living room, and extra spacious kitchen with rich wood cabinetry. Two walk out suites (very rare to find) with potential to bring in great income. The home is freshly painted, has air conditioning, and the flooring has already been upgraded so all you have to do is move in! This one is not one to miss especially in this sought out area. The home is located on a private street and just minutes away from highway 1 and the prestigious Pacific Academy. Home shows well!! (id:48205)

8 Bedroom 7 Bathroom 3963
For sale
$1,789,000
12538 97B AVENUE, surrey, British Columbia

12538 97b Avenue

Surrey, British Columbia

Custom built 2 storey 3,980 sq ft custom home on large sq.ft. lot. Very convenient location. Very impressive entry with indoor waterfall and custom built fireplace. Huge kitchen and Wok kitchen. Lots of granite and custom woodwork in open concept kitchen that is great for entertaining. Upstairs 5 bedrooms plus 4 full baths. Mortgage Helper 1 Bedroom Suite with separate entrance. CLOSE TO SHOPPING, TRANSIT, CEDAR HILLS ELEMENTARY SCHOOL, LA MATHESON, KHALSA SCHOOL, KWANTLEN PARK (FRENCH EMERSON) AND QUEEN ELIZABETH SCHOOL. Custom high end landscaping, amazing yard front and back! MUST SEE! Call now for private viewing. (id:48205)

6 Bedroom 6 Bathroom 3980 sqft
For sale
$1,788,000
10365 174 STREET, surrey, British Columbia

10365 174 Street

Surrey, British Columbia

Welcome to this Executive, Custom built gem situated in beautiful Fraser Heights. This lovely house sitting on a 6300+ sq ft lot w/ over 4400+ of living space and a 2 bedroom legal basement suite renovated and with Separate Entrance. Home Features include double height ceilings, custom millwork, beautiful moldings, triple glazed energy save windows, laminate flooring, granite countertops, stainless steel appliances and a spice kitchen. Bedroom on the main floor with full washroom and powder and a bonus home office. Upstairs features 4 spacious bedrooms w/ 3 full washrooms. Basement includes a home theatre with a wet bar great for entertaining & a 2 bedroom basement suite great for that mortgage helper. This will not LAST! (id:48205)

7 Bedroom 7 Bathroom 4491 sqft
For sale
$1,788,000
11299 132 STREET, surrey, British Columbia

11299 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295& 11299 132st land assembly("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view . With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential with a premium, sought-after location in North Surrey, with the potential to yield a designation to support low and medium density residential. The densities' range up to 72 units per hectare( 30 units per acre), 1.0 X FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suits, providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,788,000
11295 132 STREET, surrey, British Columbia

11295 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295 &11299 132st land assembly ("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view. With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential within a premium, sought-after location in North Surrey , with the potential to yield a designation to support low and medium density residential. The densities range up to 72 units per hectare (30 units per acre), 1.0x FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suites , providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,779,900
12475 90 AVENUE, surrey, British Columbia

12475 90 Avenue

Surrey, British Columbia

Welcome to this beautiful and meticulously maintained 2 storey basement entry home on a serene, quiet and centrally located street in the desired area of Queen Mary Park. This recently renovated home features 4 Large Bedrooms upstairs, 2 Full Washrooms, and a BRAND NEW Kitchen. The lower level features a HUGE walkout 2 Bedroom Suite as a perfect mortgage helper for the growing family. PLUS! There is another rec-room w/ separate entrance and full washroom easily suitable (Roughed In)! Recent updates include new kitchen, new windows, new hot water tank, new vinyl fence, new garage doors and just painted! Located within walking distance to schools, shopping, transit, recreation, and so much more! Homes on this street rarely come up for sale, and this WILL NOT LAST! Hurry before its too late! (id:48205)

6 Bedroom 4 Bathroom 3748 sqft
For sale
$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 Fisher & Paykel 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. Central AC & lots of Big windows bringing 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 Sunday Jun 2nd 2-4PM. (id:48205)

7 Bedroom 6 Bathroom 3216 sqft
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
$1,739,898
13721 114 AVENUE, surrey, British Columbia

13721 114 Avenue

Surrey, British Columbia

Locally know as "The Gingerbread House" this comp updated 2 level, 3 bdrm smart home boasts an open flr plan loaded with designer updates incl: lrg shaker cabinet kit with quartz counters, under mount sink, LED lighting, wine rack, B/I computer station, bay window dining rm, wifi controlled lamps-light-laundry, R32 insulation, thermo windows, 50 yr roof, furnace & A/C, music rm with bar, infrared sauna, huge mbdrm with balcony and spa like ensuite with dble sinks, waterfall faucets, walk-in shower and a four poster jacuzzi with chromotherapy lighting. Very private 12k+ sqft pan handle lot with mature trees and a B/yard oasis that backs onto creek with mtn views & a huge 1070 sqft entertaining deck with smoked glass railings & LED deck and tree uplighting. Must see to appreciate! (id:48205)

3 Bedroom 3 Bathroom 2250 sqft
For sale
$1,700,000
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
$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
$1,699,900
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 sqft
For sale
$1,699,900
10931 161A STREET, surrey, British Columbia

10931 161a Street

Surrey, British Columbia

Most desirable location in Fraser Heights! Walk to everything. No freeway noise.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 sqft
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
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
$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 sqft
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 sqft
For sale
$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 sqft
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
$1,698,800
14446 BEDFORD DRIVE, surrey, British Columbia

14446 Bedford Drive

Surrey, British Columbia

Location! Location! Take a look of this 4 BEDROOM upper stairs PLUS 4 BR nanny suite LOVELY AND WARM FAMILY HOME.This centrally located home is quiet, bright, and close to all facilities and walking to all level of schools in a nice Bolivar Heights neighbourhood. The upstair offers a large master bedroom with walk in closet and 3 generous sized bedrooms combine with a large open concept living and dining room.The downstair provides 4 additional bedroom and a large family room and laundry room with 2 full bath room with separate entrance, huge returns mortgage helper. All BR in both floors are laminated. An extended D/way, title roof, dbl doors&crawl space and large patio.Welcome to enjoy your home before it has gone. Open house: MAY 11(Sat ) between 12:00pm - 2:00pm. (id:48205)

8 Bedroom 4 Bathroom 3050 sqft
For sale Open House
$1,695,000
12133 100A AVENUE, surrey, British Columbia

12133 100a Avenue

Surrey, British Columbia

Welcome Home. This beautiful fully renovated home has had 200k in upgrades done in the last two years. From the windows and multiple balconies you have views of the river, city and beyond. This home sits on a corner lot with two driveways. All upgraded appliances and open layout perfect for entertaining. 1 bedroom on the main and three more upstairs. New heating system, stone driveways, exterior paint, gutters, custom garage door, custom front doors, professionally Landscaped w koi pond & Hot tub. The downstairs BASEMENT SUITE BRINGS IN ALMOST $40,000 A YEAR! Private entrance and parking and had its own laundry! (id:48205)

5 Bedroom 4 Bathroom 3354 sqft
For sale Open House
$1,688,888
19061 68B AVENUE, surrey, British Columbia

19061 68b Avenue

Surrey, British Columbia

The PERFECT FAMILY HOME awaits! You are sure to be impressed with almost 3,700sqft of living space, featuring 6 LARGE bedrooms PLUS a den & 4 bathrooms. The high ceilings in combination with the oversized windows that allowfor tons of natural light really exaggerate the space in this open concept home. A HUGE BONUS: Fully finished RENOVATED BASEMENT - The perfect space for in-laws! Additionally, this lovely home has hot water on demand, fantastic outdoor living, & has been extremely well maintained. Not only is the home itself going to check all your boxes you are located in one of the most sought after Clayton neighbourhoods situated near malls, fantastic schools, recreation,& several other amenities. Huge 2 car garage plus additional parking for another 2 cars. Call now to view! https://youtu.be/8j7ZM_R0h3k?si=spO-ZVFrz3U_C5U6 (id:48205)

6 Bedroom 4 Bathroom 3699 sqft
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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