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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
$570,000
1401 10428 WHALLEY BOULEVARD, surrey, British Columbia

1401 10428 Whalley Boulevard

Surrey, British Columbia

Assignment of Contract. Welcome to Ascent - a striking new addition to the downtown Surrey skyline. This soon-to-complete air conditioned unit will feature 585sqft of meticulously designed living space. Enjoy the morning sun on a private 139sqft east-facing balcony. Located in the center of Surrey City Center - minutes from Surrey Central SkyTrain Station, SFU, T&T, City Central Shopping Centre, and an abundance of restaurants and essential amenities nearby. Building amenities include a rooftop sun terrace, fitness facility, social lounge, party room, coworking space, children's play area, dog run, and more! 1 parking & 1 bike locker included. Estimated completion Dec 2024 - Feb 2025. (id:48205)

1 Bedroom 1 Bathroom 585 sqft
For sale
$569,900
E112 10828 139A STREET, surrey, British Columbia

E112 10828 139a Street

Surrey, British Columbia

LIVE IN THE HEART OF SURREY City Centre and enjoy the convenience of all it has to offer while being surrounded by breathtaking mountains and stunning city views. The future 140 St Skytrain Station is within walking distance of your new home. This 1 bedroom + Flex home features an efficient layout and full size stainless steel appliance package. Includes 1 parking spot. Minutes to K-7 Forsyth Road Elementary & 8-12 É?cole Kwantlen Park Secondary. 5 Minute walk to Forsyth Park & Hawthorne Park & 2 Minute walk to the Nearest Street Level Transit Stop. (id:48205)

1 Bedroom 1 Bathroom 714 sqft
For sale Open House
$569,800
307 15835 85 AVENUE, surrey, British Columbia

307 15835 85 Avenue

Surrey, British Columbia

Fleetwood Village 1 by Dawson Sawyer. North-West facing with courtyard view. 2 bedroom (each has window & closet) 1 bath. Total 611sq +63sqft covered patio. Perfect for young families, first time home Buyers or Investors. Located along future Skytrain station line. Designer white kitchen has soft close doors, quartz counters, stainless appliances (fridge, stove, dishwasher, microwave) plus island for extra seating. Laminate floor & carpeted bedrooms. Building amenities: gym,meeting room,entertainment room and kitchen, yoga studio, child care centre. 1 Parking+1 Storage Locker. New Home Warranty. School catchment Walnut Rd Elementary+Fleetwood Park Secondary. Just steps from shopping&transit.2 Pets Ok + Rentals Ok. All meas approx Buyer to verify. Open House Sat June 29@1-3PM (id:48205)

2 Bedroom 1 Bathroom 611 sqft
For sale
$569,600
2608 9675 KING GEORGE BOULEVARD, surrey, British Columbia

2608 9675 King George Boulevard

Surrey, British Columbia

**ASSIGNMENT OF CONTRACT ** This modern studio home features 8'6" ceilings, air conditioning, and premium Fulgor Milano stainless-steel appliances. INCLUDES (1) parking spot and (1) storage locker! Amenities include: 24 hour concierge, Sky Lounge, fitness studios, social lounges, work space and kids play area and onsite daycare centre - there is something for everyone. Live steps from Surrey Memorial Hospital, Holland Park, SFU, and Central City Shopping Centre. Enjoy easy access to King George SkyTrain Station for a quick commute to Downtown Vancouver. Enjoy the urban lifestyle Surrey City Centre has to offer All measurements must be verified if important to the Buyer and are deemed to be correct but not guaranteed. (id:48205)

1 Bedroom 1 Bathroom 468 sqft
For sale Open House
$569,000
L106 13555 GATEWAY DRIVE, surrey, British Columbia

L106 13555 Gateway Drive

Surrey, British Columbia

Welcome to EVO Lifestyle. 762 sqft 2-BDRM 2-BATH condo of stylish living space in revitalized Downtown Surrey Center. Private ground floor PATIO of interest to 1st-time home buyers w/small children &/or pets. Contemporary design has bright open layout w/ lots of natural light, S/S appliances, granite countertops, & tons of storage. Laminate flooring in KITCH, LVGRM and DNGRM. Carpeted BDRMs have privacy by being on opposite sides of unit. MBDRM has walkthrough closets leading to master ensuite. Includes in-suite laundry, & single underground parking stall. Unit has mountain view & is steps to Gateway Skytrain station, SFU, Shopping - Walmart, TNT, mall, restaurants & parks. Easy access to transport & Hwy 1. Rentals & pets allowed w/restrictions. Visit & get your offer in while available! (id:48205)

2 Bedroom 2 Bathroom 762 sqft
For sale Open House
$568,000
308 13688 100 AVENUE, surrey, British Columbia

308 13688 100 Avenue

Surrey, British Columbia

Looking for your first home? HERE! Set your eyes on this practical and spacious 2 bed 1.5 baths unit. East facing to Park Avenue towers. You want to live in this convenient and fast growing community without a doubt. Park Place 1 by concord Pacific is located at the hub of King George Skytrain, Holland Park, SFU, future UBC site, malls, T&T and Surrey Memorial Hospital. This well kept unit offers laminate flooring, stainless steel appliances. Where you can find another useful layout within this price range! Must come to see. 1 parking included. School catchments are Ecole Simon Cunningham Elementary, Queen Elizabeth Secondary. Open house Sat & Sun 6.29/6.30 2-4pm call NOW. (id:48205)

2 Bedroom 2 Bathroom 766 sqft
For sale
$568,000
617 10661 137A STREET, surrey, British Columbia

617 10661 137a Street

Surrey, British Columbia

This Beautiful 2 bed & 1 bath apartment on the top floor features an open-concept floor plan, complemented by high end appliances and finishes. The building itself offers several attractive amenities, including a rooftop garden, a guest house, a gym, and a bike room. The area is pedestrian-friendly, allowing residents to easily accomplish most errands on foot which Shopping, Forsyth Park, Restaurants, Gym and much more. Additionally, both Surrey Central and Gateway SkyTrain stations are within walking distance, ensuring excellent connectivity and ease of commuting. (id:48205)

2 Bedroom 1 Bathroom 622 sqft
For sale Open House
$568,000
1608 10082 148 STREET, surrey, British Columbia

1608 10082 148 Street

Surrey, British Columbia

Experience luxury living in this beautifully renovated corner unit, offering breathtaking views of the city and Mt. Baker. This 2-bedroom, 2-bathroom home boasts premium upgrades throughout, including flooring, a fully upgraded kitchen with an island, granite countertops, double oven, and high-end appliances. The master bedroom and living area both open onto a spacious deck, perfect for enjoying the stunning scenery. The flex space has been enclosed to serve as a cozy bedroom or den. Residents will enjoy resort-like amenities, including spa facilities, exercise rooms, pools, a hot tub, and tennis courts. The unit comes with two parking spots. Don't miss out on this incredible opportunity-schedule your special viewing appointment! (id:48205)

2 Bedroom 2 Bathroom 900 sqft
For sale
$568,000
1401 13353 108 AVENUE, surrey, British Columbia

1401 13353 108 Avenue

Surrey, British Columbia

CORNERSTONE 2 | CORNER UNIT | 1 BED | 1 DEN (2nd BED) | 2 BATH | 2 PARKINGS |Built by Intrawest. Fantastic SE facing corner unit with over 850 sq.ft living space. Open concept living room with floor to ceiling windows. Enjoy 2 balconies with city view. Laminated flooring throughout. Nice U- shape kitchen with Newer Kitchen Appliances and Newer Hood. Large Master bedroom with large windows. Cozy GAS fireplace in living room. Strata Fees include GAS & HOT WATER. Resort style amenities include outdoor heated pool, indoor hot tub, sauna, gym, lounge and more. 2 min walk to Gateway Skytrain Station. Close to SFU, Kwantlen, Parks, restaurants, Walmart, T&T and much more. Walk score of 87 & Transit Score of 82. (id:48205)

1 Bedroom 2 Bathroom 854 sqft
For sale
$568,000
2009 13750 100 AVENUE, surrey, British Columbia

2009 13750 100 Avenue

Surrey, British Columbia

CORNER UNIT! Welcome to Park Avenue, one of Concord Pacific's landmark development in the heart of City Center. This gorgeous 2 bed / 1 bath unit boasts of UNOBSTRUCTED VIEWS of mountains to the north and city views to the west. Enjoy year round entertaining on your LARGE 120 sq.ft balcony while soaking in the day views and city lights. Highlights includes a gourmet kitchen with a gas cook top, quartz counter tops, elegant bathroom with modern fixtures, easy care laminate flooring and spacious bedrooms. The building boasts a host of amenities including a gym, outdoor pool, jacuzzi, meeting rooms, CONCIERGE, entertainment room with kitchen, SKY GARDEN and much more. This is just stone's throw away from KG skytrain station. A rare opportunity, don't miss out!! (id:48205)

2 Bedroom 1 Bathroom 655 sqft
For sale
$568,000
2101 10315 133 STREET STREET, surrey, British Columbia

2101 10315 133 Street Street

Surrey, British Columbia

ssignment of Contract! Don't miss the opportunity to live at this LA inspired luxury tower at the SOLD OUT Melrose presale. This one bedroom floorplan features a functional open layout with high 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances w/gas cooktop, spa bathrooms. Ideally located in the West Village, a 5min walk to Surrey Central SkyTrain & Parks. Amenities: rooftop lounge, fully equipped kitchen w/ BBQ/outdoor pits, games room, children's play area, private co-work space, infrared sauna room, gym, yoga studio, spin room, outdoor tai chi studio. Includes one parking and one storage locker. PRICED TO SELL. (id:48205)

1 Bedroom 1 Bathroom 508
For sale
$566,777
206 9767 140 STREET, surrey, British Columbia

206 9767 140 Street

Surrey, British Columbia

Welcome to "Fraser Gate" in one of North Surrey's most desirable neighborhoods! This spacious 2 bed, 2 bath corner unit features over 1,050 sqft of living space including open large living/dining room area that can be used to entertain your guests. Placed on the quiet side of the complex facing greenspace this home offers privacy and great outdoor space on your spacious covered patio. Short walking distance to public transit Skytrain and Surrey City Centre you will find world class shopping, restaurants and grocery stores and more! Complex amenities include gym & party room that can be booked for private events. 2 underground parking stalls included. Don't miss this one, call today for a private viewing. OPEN HOUSE SUNDAY JUNE 23rd 2-4PM (id:48205)

2 Bedroom 2 Bathroom 1050 sqft
For sale
$565,000
505 10428 WHALLEY BOULEVARD, surrey, British Columbia

505 10428 Whalley Boulevard

Surrey, British Columbia

Assignment of Contract. Welcome to Ascent, a remarkable high-rise A/C unit located at Surrey City Centre. This meticulously designed one bedroom, one den unit spans across 643 square feet of luxurious living space with balcony. Situated in close proximity to essential amenities such as Safeway, London Drugs, Save-on-Foods, Canadian Tire and T&T Supermarket. Ascent offers unparallel convenience. Moreover, it's strategic location near numerous universities and colleges makes it an ideal investment opportunity with high rental demand. The abundance of amenities including a kids playground. fitness centre, Dog Run, party room, co-working space and a roof garden. 1 parking & 1 bike locker included. Grey colour scheme. Estimated completion Dec 2024 - Feb 2025. (id:48205)

1 Bedroom 1 Bathroom 643 sqft
For sale
$565,000
310 10092 148 STREET, surrey, British Columbia

310 10092 148 Street

Surrey, British Columbia

CORNER UNIT | 2 BED + DEN / 2 BATH | CENTRAL LOCATION | Welcome to the Bloomsbury Court... this charming 2 bedroom/2 bathroom plus den apartment has an array of features making it an ideal choice for both first-time homebuyers or savvy investors looking to add to their portfolio. From the moment you step inside, you'll be greeted by a flood of natural light streaming through the large windows, creating a warm & inviting atmosphere. The open layout offers ample space for each individual. Amenities are endless here from the tennis courts to swimming pool, to the exercise center to sauna. Location is everything with this one! This well-maintained complex is steps away from Green Timbers Nature Reserve, Guildford mall, dining, schools, parks, transit and more. Call today.. this one won't last! (id:48205)

2 Bedroom 2 Bathroom 945 sqft
For sale
$560,000
439 13321 102A AV AVENUE, surrey, British Columbia

439 13321 102a Av Avenue

Surrey, British Columbia

LOCATION***LOCATION***LOCATION*** Set in the heart of Downtown Surrey .Fantastic Location just minutes to shopping , recreation , skytrain and Campus . West Coast style Living in Vibrant community of Downtown Surrey . Enjoy open Layout plan with plenty of Living space . This 2 bed & 1 bath gem will blow you away .2 Parking spots . 1 storage . South facing Balcony for Lots of sun all winter long . THIS WILL NOT LAST LONG - TO BE CONTACTED FOR SHOWING NOW . (id:48205)

2 Bedroom 1 Bathroom 729 sqft
For sale
$560,000
104 13428 105 AVENUE, surrey, British Columbia

104 13428 105 Avenue

Surrey, British Columbia

Welcome to University District by Bosa Properties in Surrey City Centre, where luxury meets convenience. This ground floor unit offers private patio with unbelievable convenience! Offering 1 bedroom & 1 bath, boasting 9 foot ceilings, an innovative extendable kitchen island, and a bonus foyer. This unit offers abundant of natural light, AC & premium finishes. Enjoy concierge services along with an extensive 23,000 sqft of amenities including business centre, gym, fitness studio, media room. (id:48205)

1 Bedroom 1 Bathroom 662
For sale
$559,900
2001 13495 CENTRAL AVENUE, surrey, British Columbia

2001 13495 Central Avenue

Surrey, British Columbia

Beautiful 20th floor 1 Bed 1 Bath corner corner unit with 9' ceiling at 3 Civic Plaza in the heart of Surrey Central. Gorgeous Panoramoc NE views of the Coastal mountains, city and SFU skyline. High efficiency Geothermal heating/cooling system, European-style cabinets. Open concept kitchen with movable island, like new SS appliances and quartz counters. InSuite Laundry. Tons of natural light. Conveniently located within walking distance to Surrey Central skytrain station, shopping, dining, library, SFU and Holland Park. Comes with 1 Parking stall & 1 Storage locker. Attachd to the Marriott Hotel and KPU. Prado Coffee Bar & Dominion Restaurant in the lobby. 3 Civic Plaza has full concierge service for peace of mind and security. Don't miss out on this like new unit. Call for a private viewing. (id:48205)

1 Bedroom 1 Bathroom 614 sqft
For sale
$559,900
2206 13387 OLD YALE ROAD, surrey, British Columbia

2206 13387 Old Yale Road

Surrey, British Columbia

"HOLLAND TWO" Immerse yourself in the charm of a bustling, pedestrian-friendly neighborhood teeming with boutiques, green spaces, and eateries. This spacious one-bedroom residence boasts an expansive balcony, sumptuous wide plank laminate flooring, sophisticated two-toned cabinetry, generous storage solutions, and exquisite quartz countertops in the kitchen. Enjoy the proximity to Holland Park and a leisurely stroll to both King George and Surrey Centre Skytrain stations. Indulge in an array of top-notch amenities sprawled across 19,000 sqft., including a rooftop patio, dog grooming area, recreational games room, exclusive lounge, guest suite, karaoke den, fitness and yoga studio, children's play zone, and more. Plus, relish the convenience of one dedicated parking spot. (id:48205)

1 Bedroom 1 Bathroom 494 sqft
For sale
$559,000
628 13968 LAUREL DRIVE, surrey, British Columbia

628 13968 Laurel Drive

Surrey, British Columbia

Come live at Oak & Onyx! This 1 bedroom plus Den North & features 1 parking 1 locker. Amenities include: playground, fitness centre, party room, outdoor courtyard with bbq & more. Conveniently located a short 10 minute bus ride to King George Skytrain, this building is also steps from the future 140 Street Skytrain extended to Langley! Don't miss out! (id:48205)

1 Bedroom 1 Bathroom 618 sqft
For sale
$559,000
316 13733 107A AVENUE, surrey, British Columbia

316 13733 107a Avenue

Surrey, British Columbia

QUATTRO ONE! Located in central city! This well maintained bright & spacious home offers 2 bdrms & 1 bath with oversized windows! New laminate floor, new paint, open kitchen, granite countertops, beautiful backsplash, mosaic accent bathroom tiles, and open air balconiesSecured gated underground parking (#46), Locker room(#25), exercise room available. Individually controlled security key fobs and video surveillance. Close to Gateway Skytrain Station, Schools and North Surrey Recreation Centre, SFU Campus, Surrey Central Shopping Mall, Library and Hospital. This developing area is being planned to have a new UBC Campus at the intersection of King George Blvd. & Fraser Highway. (id:48205)

2 Bedroom 1 Bathroom 682
For sale
$558,000
205 6438 195A STREET, surrey, British Columbia

205 6438 195a Street

Surrey, British Columbia

LOCATION!!! Walking Distance from future SkyTrain & Willow-brook Shopping Centre. Bright, Open Concept Design w/ 9ft ceilings & Modern features: Stunning Gourmet Kitchen with stone Counter-Tops, marble tile backsplash, Premium Laminate Flooring. Yale Bloc 2 amenities include a theatre, gym, guest room . Walking Distance from: Shopping Centre, Gym, Transit. Pets & Rentals Allowed. 2 side by side underground Parking, Rentals and pets allowed! Great investment or perfect for first time buyers. (id:48205)

2 Bedroom 2 Bathroom 678 sqft
For sale
$558,000
1406 13399 104 AVENUE, surrey, British Columbia

1406 13399 104 Avenue

Surrey, British Columbia

PRIME LOCATION WITH SPECTACULAR VIEWS!!! Welcome to your 1bedroom + large den (potential 2nd bedroom) upper corner open plan unit on the 14th floor offering stunning 180-degree panoramic city and mountain views. The bright living room boasts floor-to-ceiling windows, 9' ceilings, and hardwood floor, beautiful finishes in the kitchen includes granite countertops & stainless steel appliances, spacious balcony, in suite laundry, 1 secured underground parking. Building amenities include a fitness center, entertainment and meeting room. Just steps to skytrain, bus depot, SFU & KPU Surrey Central campus, Civic center, library, shopping, parks and recreation. Close to High & Elementary school and direct line to downtown Vancouver. Call today and don't miss out on this incredible opportunity!!! (id:48205)

1 Bedroom 1 Bathroom 793 sqft
For sale
$555,900
401 6420 194 STREET, surrey, British Columbia

401 6420 194 Street

Surrey, British Columbia

NEW PRICE!!! Welcome to RESORT STYLE LIVING at The WATERSTONE - Cloverdale's most prestigious condos and a stone's throw from all the amenities that Langley has to offer. This recently updated spacious 1 bed and den PENTHOUSE features an open floor plan with a bright western exposure, large balcony, and soaring 10' ceilings. With fresh paint and modern light fixtures, this home features a luxuriously appointed kitchen with granite countertops and SS appliances. Large master bedroom and bonus den/flex area/office space. Get rid of your gym membership as you enjoy the 15,000 ft resort style amenities featuring an indoor pool, hot tub, huge commercial quality gym, Theatre Room, Guest suite, games and party room, fire pit and more! OPEN HOUSE SAT JUNE 22ND 2-4PM (id:48205)

1 Bedroom 1 Bathroom 660 sqft
For sale
$555,000
208 15140 108 AVENUE, surrey, British Columbia

208 15140 108 Avenue

Surrey, British Columbia

Welcome to this beautiful 2 bedrooms, 2 bath condo unit with a brand new appliances.The complex is featured with club house, exercise room, party room and sauna. Best location to shopping mall, bus stop, school, recreation center, and Highway 1. (id:48205)

2 Bedroom 2 Bathroom 928
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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