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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
10668 EASTGLEN PLACE, surrey, British Columbia

10668 Eastglen Place

Surrey, British Columbia

Welcome to this sunshine-kissed home in the heart of Fraser Heights, with walking distance to the FH secondary. It embraces everyone with the dominant bright&open feeling, in add. to its timeless craftsmanship and functionality. The huge windows of 22-feet high living space and 2nd bedroom facing the north, welcome view of the snow-capped North shore mountains, while the south facing kitchen, family room and master ensuite overlook the south-facing backyard . The 3 skylights that introducing plenty of natural lights into most active corners of the house, the relaxing Spa-inspired ensuite, the spacious walk-in closet, the potential 5th bedroom & full bath at main floor, the adjacency to Fraser Wood Elementary, FH Secondary & Recreation... Growing families, act fast! Open Apr14! (id:48205)

4 Bedroom 3 Bathroom 2770 sqft
For sale
$1,799,000
16355 108A AVENUE, surrey, British Columbia

16355 108a Avenue

Surrey, British Columbia

Rarely find huge lot in Fraser Heights. This Two storey, south-facing house sits on a large 8849 square foot lot with 6 parking spots on quiet cul-del-sac. Newly installed Air Conditioner will bring you a nice summer. Furnace 2023. Main floor features a nice foyer welcoming you inside, a den for your office or converted to a bedroom, two spacious bedrooms with 2 full bathrooms. Upstairs you will find 2 generous size bedrooms with 1 full bathroom. Walk distance to schools, shopping center and transit. Price lower than BC assessment value. Great chance for investment. (id:48205)

4 Bedroom 3 Bathroom 2535 sqft
For sale
$1,799,000
7052 194 STREET, surrey, British Columbia

7052 194 Street

Surrey, British Columbia

Brand new home in East Clayton featuring 6 bed and 6 bath. Open concept perfect for entertaining. Featuring, living, dining, family rooms + office, durable dust free laminate floors throughout. Full Kitch and Wok with smart appliances + full bath on main & attached 2 car garage + large Driveway. Upstairs 4 bed & 3 bath. Bsmnt 1 BR legal suite w/ laundry rough in, and one bed unauthorized suite. Home features large windows, upscale blinds. featuring designer light fixtures + quartz counters throughout. High ceilings 12' living, 10' main floor 9' upstairs & 8' basement. Radiant heating throughout. Rough in for AC, vacuum, camera, security . Located in a desirable community, near Katzie Elemetary and new Clayton Community Cent. (1+1) suites. OPEN HOUSE SATURDAY 2-4 PM. (id:48205)

6 Bedroom 6 Bathroom 3170 sqft
For sale
$1,799,000
15561 91A AVENUE, surrey, British Columbia

15561 91a Avenue

Surrey, British Columbia

Desirable FLEETWOOD area! HUGE 8710 sq.ft lot w/ 66 feet of frontage on a super quiet street w/ lots of street parking! Very close to the new Sky Train Route & Station!! This 9 bdrm 4 bath family home is located close to everything! The home currently has a two bdrm suite at the back & has the possibility of adding an additional one bdrm suite at the front. This home is just waiting for your renovation ideas or this is the perfect lot and location to build your dream home as it is within walking distance to Woodland Park, Woodland Park Elementary School & Surrey Christian Secondary School. Minutes to Transit, the Fraser Highway, the Fleetwood shopping area and Highway 1. Call for your realtor to book your viewing as this one won't last long! (id:48205)

9 Bedroom 4 Bathroom 3725 sqft
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
$1,798,000
13711 90A AVENUE, surrey, British Columbia

13711 90a Avenue

Surrey, British Columbia

FIRST TIME ON THE MARKET! This beautiful 2019 renovated and owner-built home is located on a private cul-de-sac in Bear Creek and boasts a spacious floor plan. The home consists of 8 bedrooms, 6 bathrooms and two suites (1 bedroom and 2 bedroom) and a potential for another 1 bedroom suite on the main floor. Alternatively, the potential 1 bedroom suite can act as an office for a home business, as it currently is. This home will bring in steady revenue/rental income for future owners! The home is located within walking distance to Creekside Elementary School, Bear Creek Park, Queen Elizabeth Secondary School, and is central to many amenities nearby! MUST SEE! Open House on April 27 1-3 PM (id:48205)

8 Bedroom 6 Bathroom 4722 sqft
For sale
$1,797,000
9889 HUCKLEBERRY DRIVE, surrey, British Columbia

9889 Huckleberry Drive

Surrey, British Columbia

Don't miss out on this stunning, brand-new home in Fraser Heights! The main floor offers a cozy family room with a fireplace, a welcoming living room, and a bedroom with a full bath. The kitchen boasts stainless steel appliances, quartz counters and a stylish island. Upstairs, you'll find four bedrooms and three baths, ideal for the whole family. With a double garage and fully finished basement featuring a recreation room, additional bedroom, and full bath, there's plenty of space for everyone. Conveniently situated near schools and parks, with easy access to highways and public transit. Don't let this opportunity pass you by! (id:48205)

7 Bedroom 6 Bathroom 3418 sqft
For sale
$1,789,000
11771 100 AVENUE, surrey, British Columbia

11771 100 Avenue

Surrey, British Columbia

Dream home & CORNER BUILD LOT in a PRIME LOCATION w/ stunning VIEWS! Expansive 3,515 sqft home on a 7200 sqft lot nestled in a serene cul-de-sac. This gem boasts a separate entrance suite, perfect for a mortgage helper with 1,740 sqft of suite potential. Sprawling yard is a nature lover's paradise, gorgeous trees and breathtaking water, city and mountain views. Upstairs hosts 3 bed 2 bath with enormous layout designed for both leisure and entertainment. Heated Floors throughout! 4 bedroom potential downstairs & 1 bathroom. recent modern updates include new flooring (2022), fresh paint (2017), high-quality Anderson windows with new coverings (2022), a brand new retaining wall (2023), enlarged deck perfect for gatherings. Experience the balance of open living spaces & private retreats, allowing for creative updates! (id:48205)

5 Bedroom 3 Bathroom 3515 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
16287 95A AVENUE, surrey, British Columbia

16287 95a Avenue

Surrey, British Columbia

Location, Location, Location. High Ridge Estate. Perfect property for live-in. Well maintained home with nice view of Mt Baker & Golden Ears. The property offering 6 bedrooms and 6 baths on 7000 sf lots. 3 bedrooms up and 3 bedrooms down with den. Office space in Garage. Home sits on large 6' crawl space (insulated and wired).New Roof,Hot water tank & Heating Boiler. Situated in a quiet neighborhood. Walking distance to both levels of schools. Don't miss this one. (id:48205)

6 Bedroom 6 Bathroom 3295 sqft
For sale
$1,749,000
15979 101A AVENUE, surrey, British Columbia

15979 101a Avenue

Surrey, British Columbia

Step into this beautifully renovated 6-bedroom, 4-bathroom home nestled in the heart of Guildford. With dual levels of living space and two basement units-a spacious 2-bedroom, 1-bathroom suite, and a separate studio suite-this property offers both flexibility and the potential for rental income. Upstairs, the primary suite provides a tranquil escape with its private ensuite and ample closet space, while two additional bedrooms cater to various needs, whether for family members or a home office. This fully renovated home boasts new windows, bathrooms, kitchen, flooring, paint, light fixtures, and a new roof. TB for showings. (id:48205)

6 Bedroom 4 Bathroom 2482 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
$1,738,000
11033 164 STREET, surrey, British Columbia

11033 164 Street

Surrey, British Columbia

Welcome to this wonderfully re-envisioned and thoughtfully updated 2 storey + basement, 6 bedrm, 5 bath home located in a quiet sought-after neighbourhood of beautiful Fraser Heights!! Main floor features a functional open floor plan with vaulted ceilings in bright entrance and living room, cozy dining room, amazing white kitchen with island, quartz countertops, subway tiles, stainless appliances with gas stove. Adjacent fam room with build in and floating shelves. BONUS: Large den on main easily converts to a bdrm. Upstair has 4 large bdrms, master with spa-like ensuite. Private fenced backyard with covered patio. Close to parks, rec, Pacific Academy (IP Program), Erma Stephenson & Fraser Heights Sec (AP & Science academy) Call today!!! (id:48205)

6 Bedroom 5 Bathroom 3960 sqft
For sale
$1,725,000
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 HOUSE SAT JUNE 15, 2-4PM*** (id:48205)

5 Bedroom 5 Bathroom 2845 sqft
For sale
$1,724,888
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, plus 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 June 22 & 23 from 2PM-4PM (id:48205)

7 Bedroom 6 Bathroom 3216 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
8316 169A STREET, surrey, British Columbia

8316 169a Street

Surrey, British Columbia

First time on the market!! Excellent quiet location for this Parklane built family sized home offers spacious bright wide-open plan, 2 storey ceilings, loads of attention to drywall detail throughout. White kitchen w/ large island, pantry, adjoining eating area & family room w/ sliders to private fenced yard, large patio, BBQ gas hookup & 11x8 storage shed w/power. Double split staircase to upstairs; 4 generous bedrooms, master is XL w/ big walk-in closet & ensuite boasts jetted tub, sep shower & water closet. Downstairs is awaiting your finishing ideas, r/i plumbing, windows & private entrance. BONUS TRIPLE garage & extra wide driveway for loads of parking. Short walk to elementary school, park, rec centre, shopping, hwy. & future skytrain close by. You won't be disappointed! (id:48205)

4 Bedroom 3 Bathroom 3875 sqft
For sale
$1,699,900
18902 68B AVENUE, surrey, British Columbia

18902 68b Avenue

Surrey, British Columbia

What a beautiful location in Clayton area, corner lot with back lane, 3 side open with lots of parking. Recently renovated inside out neat & clean house with 3 bedroom rental suite. Close to upcoming new sky train station. Close to Hazelgrove park, Elementary & High school. Lots of Grocery stores, Coffee Shops, Restaurants & Banks at walking distance. Living room, dinning space and a totally separate family room for privacy and a powder room at 1st floor. 4 bedrooms with 2 washroom includes an Ensuite master bedroom upstairs. This beautiful house is totally renovated with double garage & a huge driveway and two side parking on the street, much more to say, hard to explain in small words. Bok your appointment before it is gone (id:48205)

7 Bedroom 4 Bathroom 3210 sqft
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
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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