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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
$1,699,000
9246 148 STREET, surrey, British Columbia

9246 148 Street

Surrey, British Columbia

FLEETWOOD PLAN!!! FUTURE DEVELOPMENT POTENTIAL, WALKING DISTANCE TO SKYTRAIN, Attention investors development property, bring your creative ideas. This home sits on large, flat West facing lot of about 8760 sqft 5 bed 3 bath. Upstair 3 bed 2 bath with large living room, dining room, kitchen with large deck. 2 bedroom basement suite for mortgage helper. Under new NCP CHECK WITH CITY. Perfect home for the growing family. Plenty of parking and yard-space. Walking distance to both levels of schools. OPEN HOUSE SUNDAY JUNE 09 FROM 1-3. (id:48205)

5 Bedroom 3 Bathroom 2574 sqft
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
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
16989 83A AVENUE, surrey, British Columbia

16989 83a Avenue

Surrey, British Columbia

A private oasis in Fleetwood! Located in a serene, family-friendly neighbourhood, this lovingly cared family home with original owners is situated in the most sought-after areas of Fleetwood. Upon arrival, you're greeted by lush greenery and a charming front porch. This spacious 2,700+ SF, 3 bed, 3 bath home features high ceilings, efficient layout, a large backyard with a resort-like setting and privacy, formal living and dining areas, a family-size kitchen with a large window overlooking the backyard, and a cozy family room. Upstairs, there are 3 bright and roomy bedrooms, along with 2 baths and plenty of storage. The home also has an unfinished basement with a separate entry, providing the potential for additional living space for the owner or an opportunity for a mortgage helper. This home has been pristinely maintained by the original owner and shows a true pride of ownership. PRIVACY - DO NOT SOLICIT. Pls contact your realtor. Showing by appointment and with 24 hour notice. OPEN HOUSE JUN 15, 1-4 PM. (id:48205)

3 Bedroom 3 Bathroom 2790 sqft
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
$1,698,000
7844 160A STREET, surrey, British Columbia

7844 160a Street

Surrey, British Columbia

Premier cul-de-sac living in Fleetwood - renovated home situated on a 9000+ sqft property on a greenbelt! This reimagined home offers modern updates that seamlessly blend with the timeless architecture: spacious & bright formal living + dining rooms, an impressive great room with bar, a generous kitchen with island & adjacent eating area. The double glass doors are perfect for indoor-outdoor living - enjoy BBQs & garden side dining on the sun terrace. Features: bedroom & full bathroom on the main, an impressive primary bedroom with walk in closet + spa-inspired ensuite ($25k+ renovation), 3 additional bedrooms on the upper, a gym, storage shed, kids playground & more! Leading school catchments, minutes to shopping, daily conveniences, services, Fleetwood Park & the future skytrain station. (id:48205)

5 Bedroom 3 Bathroom 3438 sqft
For sale
$1,695,000
16825 80 AVENUE, surrey, British Columbia

16825 80 Avenue

Surrey, British Columbia

Welcome to this clean, bright, and meticulously maintained rancher with a basement in a desirable subdivision in Fleetwood, featuring a master on the main floor, plenty of parking, and a versatile layout. The lower floor includes a 2-bedroom (or 3+den) suite. Built by the original owner with 2x6 construction and radiant heat, this home offers quality and comfort. Located close to schools, parks, shopping, and transit, it's perfect for families and investors alike. Don't miss this rare opportunity to own a charming home in a prime location. (id:48205)

5 Bedroom 3 Bathroom 3237 sqft
For sale
$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
For sale
$1,688,888
8883 157 STREET, surrey, British Columbia

8883 157 Street

Surrey, British Columbia

Listed at Assessed Value -Fleetwood Location! Approximate 8350 Sq. feet lot pie shaped lot making access for cars to all the way to back. Walking distance to proposed sky train station makes it huge potential for future. Walking Distance to Schools, and all stores like grocery, restaurants, coffee shops etc. Main House features three bedrooms, two washrooms, laundry and huge living dining room combined. Main house also features side one bedroom suite with its on entrance and laundry which can be part of main house if needed making it Four to 5 bed three bath upstairs. Bright and above ground level suite features two bedrooms and two bathrooms with separate laundry also. Great location makes this house a must see if you are looking in Fleetwood. (id:48205)

6 Bedroom 5 Bathroom 3309 sqft
For sale
$1,688,000
9427 161 STREET, surrey, British Columbia

9427 161 Street

Surrey, British Columbia

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

4 Bedroom 3 Bathroom 2904 sqft
For sale
$1,688,000
15332 95A AVENUE, surrey, British Columbia

15332 95a Avenue

Surrey, British Columbia

This home is sitting on a spacious 7173 sqft lot at private setting VERY QUIET. The most desirable location in Fleetwood walking distance to local super-save market and BERKSHIRE PARK and Secondary schools! Minutes to T&T market and Guildford Shopping Mall and easy access to HWY1. 3bedrooms on upper level, on the lower level it has spacious ensuite bedroom and den (can be 2nd bedroom) with separate entrance. Enjoy entertaining in south facing oversized sundeck and spacious private back yard that your kids & pets will love. (id:48205)

5 Bedroom 4 Bathroom 1813
For sale
$1,650,000
11803 96A AVENUE, surrey, British Columbia

11803 96a Avenue

Surrey, British Columbia

66' x 132' (8,712 sq.ft) SFD lot featuring a home spanning 2,940 sq.ft. Royal Heights neighbourhood in North Surrey. Home originally constructed in 1954. Schools: Royal Heights Elementary, and L. A. Matheson Secondary. 10 minutes to King George Skytrain Station and Surrey Central. ALL MEASUREMENTS AND INFORMATION TO BE VERIFIED BY THE BUYER. DO NOT WALK ON PROPERTY OR DISTURB TENANTS. (id:48205)

8 Bedroom 4 Bathroom 2940 sqft
For sale
$1,650,000
5 17033 FRASER HIGHWAY, surrey, British Columbia

5 17033 Fraser Highway

Surrey, British Columbia

Discover the essence of townhouse living at Liberty Fleetwood, where spaciousness meets privacy in a 3+ den residence at 2717 sqft. Enjoy a fully-equipped rec room, side-by-side garage and fenced yard for added convenience. Unleash your culinary creativity with stainless steel appliances, Italian tile backsplash, and quartz countertops. Relax in the inviting ambiance of 9 ft ceilings, a tiled fireplace, and spa-like amenities. Plus, enjoy easy access to parks, schools, shopping, and the future Skytrain station. Welcome to the Liberty Lifestyle. (id:48205)

3 Bedroom 4 Bathroom 2717 sqft
For sale
$1,650,000
14095 110 AVENUE, surrey, British Columbia

14095 110 Avenue

Surrey, British Columbia

Check this large, almost 10,000 sq ft lot. It's on a quiet street, surrounded by newly built homes, close to schools, recreation, and just a few minutes from the bus or Sky train. Perfect lot and location to build your dream home, or hold for now and build later as there are two mortgage payers on the property. Schedule a viewing anytime. (id:48205)

3 Bedroom 2 Bathroom 1505
For sale Open House
$1,649,900
12133 100A AVENUE, surrey, British Columbia

12133 100a Avenue

Surrey, British Columbia

Welcome home!VIEW! Stunning custom 3 lvl home decorated in designer colors. From the new front door you are greeted with an open concept.Spacious lvg room with fab city view.Dining room is perfect for entertaining and overlooks the big family room.Perfect to gather for movie night.Kitchen is totally remodelled with high end cabinets,counters,appl. and more city view. There is a large bedroom on the main and full bath.Even the laundry room screams designer.The curved staircase invites you upstairs to 3 more bedrooms including a gorgeous m/b with dream walk in closet and ensuite. (2) bedrooms have a deck for morning coffee.Bsmt. offers 2 bed accom. used as Air BNB Business and fetches $40k/year. Koi pond, hot tub.Fabulous landscape lighting. Come see to believe. Suite is unauthorized. (id:48205)

5 Bedroom 4 Bathroom 3354 sqft
For sale
$1,649,900
6976 195A STREET, surrey, British Columbia

6976 195a Street

Surrey, British Columbia

Quality-built craftsman-style home loaded with top of the line features. Open concept main floor with hardwood floors, kitchen with plenty of cabinets and quartz countertops, custom built-in hutch with bar fridge, walk-in pantry, family room with fire place, custom storage unit in laundry room, central air conditioning, new hot water on demand. This home boasts 4 generous-sized bedrooms upstairs, primary with deluxe ensuite and walk-in closet with custom shelving. The basement features a 1 or 2 bedroom plus den separate living accommodation with laundry. Double side by side garage, private fully fenced yard. This home is on a no through street, walk 2 blocks on greenspace, which leads directly to Katzie Elementary and a short walk to Clayton High School. (id:48205)

6 Bedroom 4 Bathroom 3361 sqft
For sale
$1,649,900
6997 195A STREET, surrey, British Columbia

6997 195a Street

Surrey, British Columbia

Ideal family home, move in ready. Large corner lot with private back yard low maintenance landscaping. Triple car garage and ample open parking. Conveniently located near schools, parks and minutes to Willowbrook Shopping Center. Beautifully remodelled, high end appliances, open concept, double height great room with modern farmhouse vibes. Finished basement which offers flexibility for rental opportunities or additional family space. One of the most stunning homes available. (id:48205)

4 Bedroom 4 Bathroom 3409 sqft
For sale
$1,649,900
12792 113B AVENUE, surrey, British Columbia

12792 113b Avenue

Surrey, British Columbia

WELCOME TO THIS FANTASTIC WELL KEPT HOME IN VERY CONVENIENT LOCATION. Like a Brand new home this home features 6 Bedrooms,5 Bathrooms on a corner lot. House is still under New Home 2-5-10 Years warranty. Main floor have a very spacious Kitchen with Maple kitchen cabinets, Granite counter tops, Family room with gas fire place, Primary room with full ensuite, Powder room, Radiant Heat, Stainless steel Appliances.2 Master bedrooms. 2 Bedroom Basement suite and Double Garage. Very private fenced back yard. View of mountains from upper floor. Walking distance to schools, Park, Bus and Skytrain. Easy access to all major routes. Don't Miss this one(((.Open Sun June 9,2024 from1-3 PM))). (id:48205)

6 Bedroom 5 Bathroom 3084 sqft
For sale
$1,649,900
16095 80 AVENUE, surrey, British Columbia

16095 80 Avenue

Surrey, British Columbia

Located in a prime area near Park and the highly sought-after Fleetwood Secondary school, this two-storey home boasts 5 bedrooms and 3 bathrooms. The main floor offers a grand entrance, sunken living room, vaulted ceilings, custom wainscoting, and drapery. Hardwood floors flow into the functional oak kitchen with a breakfast nook. A spacious family room, laundry room, and flex room that can be used as an office or guest bedroom are also found on the main floor. The family room leads to a stamped concrete patio and a level backyard, perfect for summer gatherings. Upstairs, there are 4 well-sized bedrooms and 2 full bathrooms, including the primary bedroom with an ensuite. Bonus 2 bedroom unauthorized suite newly built and rented.Brand new roof for your peace of mind. (id:48205)

6 Bedroom 4 Bathroom 2897 sqft
For sale Open House
$1,649,898
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
$1,645,000
9544 159A STREET, surrey, British Columbia

9544 159a Street

Surrey, British Columbia

Here is your opportunity to own a property centrally located minutes to Highway 1, Guildford mall, elementary and secondary schools, and public transportation. If you enjoy long walks with family and friends, the 3 KM Green Timbers Greenway path is just outside your front door. If that's not enough, the forested Tynehead perimeter trail is minutes away. This clean and well cared for 2 level home offers 4 bedrooms and 3 baths. The large open kitchen connects to a large 15'x 15' deck with beautiful Northeast Mountain views. The paint and flooring have recently been updated with mainly laminate through-out and a tiled front entrance. Property has a large, fully fenced back yard for gardening and kids along with a massive 19' x 15' covered patio for anyone looking to entertain friends. (id:48205)

4 Bedroom 3 Bathroom 2586 sqft
For sale Open House
$1,638,800
19481 67A AVENUE, surrey, British Columbia

19481 67a Avenue

Surrey, British Columbia

Welcome Home to this beautiful, newly renovated 6 bed home plus coach house, nestled on a quiet, tree-lined street in the heart of family-friendly Clayton! This move-in perfect home boasts brand new high-end laminate flooring, brand new carpets, professional paint inside & out, new fence, new furnace & more. You will love the bright, airy open concept plan with oversized windows throughout. Rarely seen large bedroom on main level provides many options. The primary retreat is lovely and features vaulted ceilings, his & hers closets and soaker tub in ensuite. 2 bed suite below as well as detached coach home are perfect mortgage helpers or lots of room for family. Just minutes from Katzie Elementary and Katzie Park. This is a fabulous home in the perfect location, you will love living here! (id:48205)

7 Bedroom 5 Bathroom 3057 sqft
For sale
$1,629,000
19494 64 AVENUE, surrey, British Columbia

19494 64 Avenue

Surrey, British Columbia

Extremely open and bright 4 level split home customized for a large family allowing relaxation & serenity in the back yard! 6 bedrooms, 3 bathrooms, 3 living spaces, 2 sets of W/D & 5 separate entries in the heart Cloverdale. This beauty has multi-suite potential! Massive custom kitchen! Endless counter & cabinets space!! Stainless steel appliances, quarts countertops, gas range, HUGE double faucet sink & A/C! All sitting on laminate! Primary bedroom includes large ensuite & flex area. Basement has separate entry. Tonnes of storage! A gardeners oasis - large sundeck as well as a solarium! 4 parking, excellent location - steps from mcintyre park, minutes from shopping, restaurants, schools, and recreation. Great opportunity to make this your space or hold on to let the future level you up! (id:48205)

6 Bedroom 3 Bathroom 4227 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