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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
$545,888
1708 13387 OLD YALE ROAD, surrey, British Columbia

1708 13387 Old Yale Road

Surrey, British Columbia

Spacious 1 Bed 1 bath Condo on 17th floor in Holland Two by Townline. This unit comes with 1 Parking and 1 storage Locker and a HUGE 140 sqft Patio facing Garden area. Steps away from Holland Park and short walk to both King George & Surrey central Skytrain Stations, KPU/SFU Surrey campuses and Future UBC campus! Excellent amenities spread over 19,000 sqft. including rooftop patio, dog wash area, games room, private lounge, guest suite karaoke room, gym & yoga room, play area for kids & much more. BONUS $2,500 Buyer Incentive rebate upon completion. Estimated Completion Q4 2024/Q1 2025 (id:48205)

1 Bedroom 1 Bathroom 520 sqft
For sale Open House
$545,000
302 10668 138 STREET, surrey, British Columbia

302 10668 138 Street

Surrey, British Columbia

FIRST TIME HOME BUYER & INVESTORSALERT! CORNER TOP FLOOR UNIT! Bright & clean, 2 bedroom 1 bath condo at Crestview Gardens! This unit offers high ceilings, cozy gas fireplace, large rooms, in-suite laundry and SOUTHWEST private deck. Lots of visitor & street parking. Rentals are allowed AND pets (1 dog or 1cat). Direct access to major transportation routes including Fraser Highway, allows an easy commute to surrounding destinations. This building offers secured underground parking, visitor parking space, storage, in-suite laundry, playground amenities, manicured grounds and is wheelchair accessible. Convenient location close to SkyTrain, shopping, recreation, restaurants, SFU campus & much more! Walking distance to Forsyth elementary & Forsyth Park. Comes with 1 Parking and 1 Storage. (id:48205)

2 Bedroom 1 Bathroom 906 sqft
For sale
$545,000
609 13458 95 AVENUE, surrey, British Columbia

609 13458 95 Avenue

Surrey, British Columbia

RARELY AVAILABLE TOP FLOOR UNIT. Perfect unit for first time homebuyers or investors in the rapidly developing Surrey. Close to Skytrain station and minutes away from schools, shopping, entertainment, universities, hospital, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. This Top Floor unit comes with 1 parking (rough-in for installation of EV charging station), 1 storage locker, stainless steel appliances, quartz countertops, exhaust vent for A/C, and laminate flooring throughout. And Extra high ceiling only for top floor units. Amenities include a gym, yoga studio, meeting room, courtyard, BBQ area, garden & playground. Est. Completion Jan-Apr 2025. (id:48205)

1 Bedroom 1 Bathroom 549 sqft
For sale
$544,999
109 15848 FRASER HIGHWAY, surrey, British Columbia

109 15848 Fraser Highway

Surrey, British Columbia

Fleetwood Village by Dawson Sawyer presents a unique opportunity with a newly constructed 2 Bed + 1 bath unit on the ground floor, showcasing the sought-after floor plan. Designed for investor, it features a spacious living area, stainless-steel appliances, in-suite washer/dryer, and private front yard. Positioned along the upcoming Fraser Highway/Langley skytrain line, residents enjoy easy access to transit, schools, shops, and dining. Exclusive access to 36,000 sq. fit. amenities includes a gym, yoga room, and party room. This unit on the ground floor with easy access to the main entrance as well as 85 Ave. The unit comes with 1 covered parking and a storage. Welcome home to a modern and strategically located lifestyle at Fleetwood Village. GST Included, 2-5-10 warranty available (id:48205)

2 Bedroom 1 Bathroom 664 sqft
For sale
$544,898
408 10128 132 STREET, surrey, British Columbia

408 10128 132 Street

Surrey, British Columbia

Spacious 2 bdrm/one bdrm + den penthouse apartment unit in a good building at a great location close to skytrain! Nice size kitchen, large bedrooms (2nd bdrm/den can fit a queen size bed), cozy laundry and storage room, all new appls, hood fan and kit + bath laminate fire. Open floor plan is unusually bright due to two large skylights! Unit incls 2 parking spots and storage locker. Hot water and F/P gas incl in maint fee. Easy to show...HURRY! (id:48205)

2 Bedroom 1 Bathroom 908 sqft
For sale
$543,000
503 13350 CENTRAL AVENUE, surrey, British Columbia

503 13350 Central Avenue

Surrey, British Columbia

ONE CENTRAL Surrey. One bedroom + den (Big enuf to use as a second bedroom) in downtown Surrey offers a modern kitchen with stainless steel appliances, a spacious living room, quartz countertops. 1 parking and bike storage. Centrally located near Surrey Central Skytrain Station, SFU, and Central City Mall. 25,000 sf of amenities including a well equipped fitness centre & yoga studio,24-hour on-site concierge, rooftop lounge BBQ patios, meeting rooms and outdoor terrace on the 44th floor enjoying the 360 degree views of mountains, river, city & valley. Minutes to SFU, KPU, Central City Shopping Centre, T&T Supermarket, Walmart, Skytrain Station. (id:48205)

1 Bedroom 1 Bathroom 538
For sale Open House
$540,000
228 13968 LAUREL DRIVE, surrey, British Columbia

228 13968 Laurel Drive

Surrey, British Columbia

Discover your dream home in the brand new Oak and Onyx building! This stunning ground-level apartment offers convenience and comfort just steps away from the upcoming 140 Street SkyTrain statin. Enjoy the tranquility of Laurel Drive from your 147 sq.ft. exterior balcony, perfect for relaxing and soaking in the calm surroundings. The unit is bathed in natural light, thanks to its expansive floor-to-ceiling windows and doors. With easy street access and proximity to Green Timbers Park and Surrey Memorial Hosptial, this home is the ideal blend of urban living and serene retreat. Don't miss this unique opportunity. Call for more info. (id:48205)

1 Bedroom 1 Bathroom 609 sqft
For sale
$539,900
202 15956 86A AVENUE, surrey, British Columbia

202 15956 86a Avenue

Surrey, British Columbia

Welcome to Ascend, where convenience meets comfort! Step into this impeccably maintained 1 bed, 1 bath condo, boasting 647 square feet of bright and beautiful living space. Located just steps away from the elevator, convenience is at your fingertips. This vacant and move-in-ready home features upgraded stainless steel appliances, including a sleek linear kitchen with quartz countertops. Enjoy the open concept layout, perfect for entertaining or relaxing after a long day. Within a minute walk, discover a plethora of amenities, including banks, restaurants, grocery stores, medical services, and more. Plus, with a future Skytrain station on the horizon, the property value is set to soar.Whether you're a first-time homebuyer or savvy investor, this opportunity is not to be missed. (id:48205)

1 Bedroom 1 Bathroom 647 sqft
For sale
$539,900
805 9675 KING GEORGE BOULEVARD, surrey, British Columbia

805 9675 King George Boulevard

Surrey, British Columbia

Now available across from Future UBC, in this iconic Belverdere building . Located right next to CRA office, block away from Surrey Memorial hospital, save-on-foods and skytrain. This unit is a north facing unit that has a den with this one bedroom one bathroom floorplan. The one bedroom and dens on North side have ensuite bathroom making it ideal for someone who likes this privacy feature. Make this unit yours and pick up this assignment of sale just 5% down now and rest at completion. (id:48205)

1 Bedroom 1 Bathroom 502 sqft
For sale
$539,900
806 10335 133 STREET STREET, surrey, British Columbia

806 10335 133 Street Street

Surrey, British Columbia

INVESTOR/FIRST TIME BUYER ALERT! LA inspired West Coast luxury living at the SOLD OUT MELROSE CONCRETE TOWER (presale assignment), coming to Surrey's vibrant City Centre in Summer 2024. 1BR unit features high 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances with gas cooktop and spa bathroom. Ideally located in the West Village, Melrose is a 5 min walk to Surrey Central SkyTrain, delectable dining, parks and more! Amenities include rooftop lounge, fully equipped kitchen with BBQ/outdoor pits, games room, children's play area, private co-work space and fitness facility complete with infrared sauna rooms, gym, yoga studio, spin room, outdoor tai chi studio. Includes 1 bike stall. 1 Storage. 1 Parking. $3,000 credit upon completion! West facing 1 BR 488 Sqft (id:48205)

1 Bedroom 1 Bathroom 488 sqft
For sale
$539,900
1904 10626 CITY PARKWAY, surrey, British Columbia

1904 10626 City Parkway

Surrey, British Columbia

Welcome to "Park Centrale" situated in the heart of Downtown Surrey. This 1 bedroom 1 bathroom unit is a South Facing quality built condo on the 19th Floor. This complex is walking distance to Skytrain, SFU Campus, coffee shops, grocery stores, restaurants and much more. This home features a gourmet kitchen, bosch stainless steel applicances, Quartz Countertops, Laminate Flooring, Convectional oven and Expansive Windows with alot of natural light. Spacious living room with SLIDING DOORS which can be converted to Separate Home Office or Bedroom. Private large covered balcony for year round use with Amazing Views ! Pets & Rentals allowed ! Perfect for first time home buyers, downsizers or investors. (id:48205)

1 Bedroom 1 Bathroom 597
For sale
$539,880
511 9689 140 STREET, surrey, British Columbia

511 9689 140 Street

Surrey, British Columbia

Centrally located in Surrey - this unit in Fraser Landmark. Features 1 Bed + 1 Big Den (Meet bedroom standards), 2 full baths, located in the quiet side of the complex with a functional layout. Extra large balcony runs through the living room and bedroom. Enjoy beautiful sunlight in this bright and spacious home. Have peace of mind with the included 2-5-10 warranty for this brand new unit. Close to the Skytrain Station, Bus, Park, Community Centre, and Shops and nearby. A rooftop entertaining terrace spread over 2,000 square feet including a fire pit, barbeque, Yoga Tai Chi Studio, Ping Pong table, Guardrail Kompan Playhouse. (id:48205)

2 Bedroom 2 Bathroom 695 sqft
For sale Open House
$539,000
603 13359 OLD YALE ROAD, surrey, British Columbia

603 13359 Old Yale Road

Surrey, British Columbia

This beautiful modern home offers a comfortable and stylish living with 130 sq.ft. large size balcony and stunning city & mountain views. Entire building is equipped A/C with heat pump. 13,000 sf of building amenities include concierge service, gym, yoga studio, guest suite, indoor/outdoor social & dining lounge. Located in a fast growing community, steps to skytrain & robust public transportation. Enjoy the urban life of being so close to Hellond Park, future UBC campus, Recreation center, Central City Mall, restaurants, and shops, library, T&T, Walmart. It is a great investment opportunity for yourself living here or rent out! This unit includes 1 parking (id:48205)

1 Bedroom 1 Bathroom 529 sqft
For sale Open House
$539,000
3503 13696 100 AVENUE, surrey, British Columbia

3503 13696 100 Avenue

Surrey, British Columbia

Sizable One bedroom + 1 Den, built by Concord Pacific. One den can be a junior room, South facing, Bright! Sizable. Nice club house, gym, outdoor pool, on-site concierge, in-door hot tub. Central location to King George Sky train. Shopping mall, Restaurant, SFU Surrey campus. One parking & one locker. Location, Location, Location! Don't miss out! Easy to show! Open House On June 30 ( Sun) 2-4pm. (id:48205)

1 Bedroom 1 Bathroom 544 sqft
For sale
$539,000
2605 13387 OLD YALE ROAD, surrey, British Columbia

2605 13387 Old Yale Road

Surrey, British Columbia

Popular Holland-2 Building, spacious1 BED+1BATH is perfect for 1ST TIME BUYERS, INVESTORS. OPEN CONCEPT floor plan, GREAT FOR ENTERTAINING! SOUTH -WEST VIEW . Its MINUTES AWAY from Surrey Downtown, Holland Park, Surrey Central Skytrain Stations, KPU/SFU Surrey campuses Restaurants, Coffee Shops, Grocery Stores, Schools, Transit and MORE! This amazing unit comes with 1 parking stall (underground) & 1 storage locker! **RENTALS & PETS ALLOWED** The building has cool amenities like a rooftop patio, dog wash area, games room, private lounge, guest suite, karaoke room, gym, yoga room, play area for kids, and more. (id:48205)

1 Bedroom 1 Bathroom 449 sqft
For sale
$539,000
3805 13696 100 AVENUE, surrey, British Columbia

3805 13696 100 Avenue

Surrey, British Columbia

Beautifully appointed one bedroom and den at Park Avenue West. Built by Award Winning Builder Concord Pacific, this home features sweeping mountain and city views, impressive amenities including 24hr concierge, rooftop Sky Lounge, outdoor pool, hot tub, exercise centre, tennis court and more. The interior is beautifully appointed with high-end European kitchen with Quartz countertops, built-in appliances, and a gas cooktop. Park Avenue is centrally located, walking distance to the Skytrain, SFU campus, parks and amenities. This residence includes one parking space and one locker. Open House Sun May 5th, 1-3pm (id:48205)

1 Bedroom 1 Bathroom 534 sqft
For sale
$539,000
504 10778 138 STREET, surrey, British Columbia

504 10778 138 Street

Surrey, British Columbia

Corner Unit, with the potential to convert into 2 Bedrooms. 2 patios, huge 15'6 x 12' living, dining area with lots of potentials. A beautifully designed and spacious 1 bed & 1 bath condo with bright kitchens outfitted with refined polish quartz countertops, and full Samsung Stainless Appliances. Hendrix offers an incredible party room, fireside lounge, covered outdoor patio to socialize or work, and a fully equipped gym. Minutes from transit, great shopping, restaurants, parks and other amenities. Rented for $2500 PM Month 2 Month bases. Not an assignment GST already paid by Seller. (id:48205)

1 Bedroom 1 Bathroom 650 sqft
For sale
$539,000
3405 13495 CENTRAL AVENUE, surrey, British Columbia

3405 13495 Central Avenue

Surrey, British Columbia

PANORAMIC City & Mountain VIEWS. This One bedroom Plus Den unit has functional floor plan, high ceilings, stainless steel appliances, hardwood floors, premium millwork cabinetry with built-in organizers and accent lighting. Comes with ONE parking stall, ONE locker, Geothermal heating and cooling. 3 Civic Plaza is a premium hotel + residences complex directly across from Surrey Central Skytrain with concierge. Steps away to skytrain station, shopping mall and recreation centre. 3 universities (KPU, Two SFUs) are within walking distance. Restaurant Dominion Bar & Kitchen and Prado Cafe are in the lobby area of the building. (id:48205)

1 Bedroom 1 Bathroom 620
For sale
$538,000
506 15858 FRASER HIGHWAY, surrey, British Columbia

506 15858 Fraser Highway

Surrey, British Columbia

Great buy for investors to end users, this one bed, one den and one bath, higher floor with mountain view condo unit at Fleetwood Village Condo by Dawson Sawyer is a steal. This home has fantastic layout, no space is wasted. Featuring beautiful living room, dining area, stainless steel appliances, in-suite laundry and a larger covered balcony for your enjoyment. Site influences include bike room, daycare, gym, playground and party/meeting room. Bus in front to Langley City, to Surrey Central. Future Skytrain is positioned along Fraser Hwy will conveniently help getting around via public transportation in no time. OP Cancelled Sorry. Private showings only. (id:48205)

1 Bedroom 1 Bathroom 607 sqft
For sale
$535,000
309 10680 151A STREET, surrey, British Columbia

309 10680 151a Street

Surrey, British Columbia

Come and see this amazing 2 bedroom, 1,065 sq ft corner upper unit located in Lincoln's Hill, in the centre of Guildford in Surrey. This unit features a spacious, private balcony overlooking the central courtyard and green space, perfect for BBQs, a large living/dining room with laminate flooring and crown moldings, a galley-style kitchen with updated appliances and quartz countertops, updated bathroom, updated electric outlets, LED lights, dimmers, and pot lights. The primary bedroom features a generous walk-in closet, which does double duty as a home office. This private corner unit is one of the largest units in the entire 5 building complex, is just 2 blocks from Guildford Rec Centre and Guildford Town Centre. Heat and hot water are included in the strata fees. Don't miss! OPEN HOUSE SAT 1-3 PM. (id:48205)

2 Bedroom 1 Bathroom 1065 sqft
For sale
$535,000
107 19530 65 AVENUE, surrey, British Columbia

107 19530 65 Avenue

Surrey, British Columbia

GROUND FLOOR, GARDEN PATIO at Willow Grand. This large 1 BED 1 BATH home is 693 sqft plus another 104 sqft of covered patio. Granite kitchen with stainless appliances. Bedroom has double door access to the 5 piece bathroom with large shower and double vanities. There is a guest suite and amenities room in the building. One parking stall, storage locker & hot water are included. Lots of secure visitor parking underground too. Two dogs or cats allowed up to 25 lbs. Centrally located only minutes to all the amenities, recreation, Willowbrook Mall, etc. Hurry on this one! (id:48205)

1 Bedroom 1 Bathroom 693
For sale
$535,000
1101 13359 OLD YALE ROAD, surrey, British Columbia

1101 13359 Old Yale Road

Surrey, British Columbia

Conveniently located near Central City, steps away from the shopping mall, Skytrain stations, restaurants, bus, shops, SFU campus and park. Bright and well kept unit offers a functional floor plan with large windows, laminate and tile flooring, stainless steel appliances. Spacious balcony with city and mountain views, perfect for enjoying the morning coffee. Great amenities include a recreation room, fitness center and a guest suite. Perfect for an investor or first time home buyer. Book your private viewing today. (id:48205)

1 Bedroom 1 Bathroom 611
For sale
$535,000
807 13383 108 AVENUE, surrey, British Columbia

807 13383 108 Avenue

Surrey, British Columbia

Welcome to Cornerstone, well built by reputable developer Intrawest, a past winner of the BC Georgie Awards. Spacious one bedroom with good sized den and 1.5 bathroom. Excellent Northeast corner view of the North shore Mountain and City. Exceptional 2 balconies, parking and good sized locker are all included in this well layout suite. Next to Gateway Skytrain Station that provide excellent access to Metro Vancouver. Restaurant and shops are all in the neighborhood. Owner occupied and east to show. Don't miss this one. (id:48205)

1 Bedroom 2 Bathroom 827
For sale
$534,888
309 14377 103 AVENUE, surrey, British Columbia

309 14377 103 Avenue

Surrey, British Columbia

Welcome to your new home at Claridge Court! Picture yourself watching your kids play in the living room while getting dinner ready in the kitchen or relaxing on the balcony on beautiful and quiet slow Saturday morning. Master's bedroom has generous space and an ensuite bathroom. The second bedroom is the perfect space for a little one but can also be used as an office space. Located on the boundary of Guildford and King George, it is central to various stores, malls, schools, and is transit friendly. Perfect for a first time home buyer, empty nesters, or an investor. OPEN HOUSE June 8th and June 9th 2-4 PM. (id:48205)

2 Bedroom 2 Bathroom 889 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