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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 Open House
$1,539,000
19028 72A AVENUE, surrey, British Columbia

19028 72a Avenue

Surrey, British Columbia

Amazing 3413 sq ft. home on a 3787 sq ft. lot! This quality-built Coach home boasts a spacious living area with open kitchen featuring granite countertops & stainless appliances. Large primary bedroom with luxurious 5pc en-suite & walk-in closet. Fully finished basement with separate entrance - roughed in for a additional kitchen/suite. Situated on a serene cul-de-sac street across from the new Salmon Berry Park, this property is within walking distance to transit, schools, shopping & recreation. The legal one-bedroom coach home above the garage provides an excellent mortgage helper. New Furnace with A/C and new hot water on demand system + new hot water tank for the coach house! Enjoy the fully fenced yard with a concrete patio. This is the best value in the area and a must-see property! (id:48205)

4 Bedroom 5 Bathroom 3413 sqft
For sale Open House
$1,537,000
9141 143A STREET, surrey, British Columbia

9141 143a Street

Surrey, British Columbia

CORNER LOT home, rare opportunity in a great location BEAR CREEK. Perfect for big family. If you are seeking to customize & build your dream home in the future, this is the one! This home is solid and shows very well. Discover this hidden GEM with 5 bedrooms, 4 bath, kitchen with island, and a man's private cave or can be a potential suit. 4 feet crawl space for extra storage. Summer barbecues, games, family bonding time and gardening in the big deck will be fun! Persimmon and blueberry trees are soon to bear fruits. Gazebo and hot tub will entertain your guests. Hot water tank replaced 2017, roof 2010, washer and dryer 2019, hot tub 2 years old, newer bathroom in the potential suit. Close to schools, Fraser Highway and Central City Mall. NOTE: PRICE ADJUSTED. OPEN HOUSE JUNE 2, 2-4 (id:48205)

5 Bedroom 4 Bathroom 2221 sqft
For sale
$1,528,000
15940 101A AVENUE, surrey, British Columbia

15940 101a Avenue

Surrey, British Columbia

Hidden GEM in popular Guildford, this beautiful home has very charming entrance that you'll fall in love at first glance. Main level, you'll find spacious living rm w/fireplace, elegant dining rm w/big windows, mbdrm with 3pc ensuite, WI closet plus 2 more generous sized bdrm & 4pc bath. Updated kitchen with SS appliances & backsplash & cozy eating area w/patio door leads you to beautiful balcony overlooking private south facing backyard. Below level, 2 bdrms, huge family rm & laundry & mud rm area. Engineering hardwood flooring, designer paints, slate flooring, vacuum system & much more. (id:48205)

5 Bedroom 3 Bathroom 2706 sqft
For sale Open House
$1,525,000
14023 114 AVENUE, surrey, British Columbia

14023 114 Avenue

Surrey, British Columbia

Discover an exceptional investment opportunity in the heart of Bolivar Heights, North Surrey. This meticulously maintained rancher offers 3 bedrooms and 3 bathrooms. The property features a newer metal roof and a fully insulated attic for durability and energy efficiency. Set on a 7,331 sq ft lot, it offers ample green space and privacy, with gated access for added security. Conveniently near the South Fraser Perimeter Road and Highway 1, commuting is easy. Families will appreciate the proximity to schools and parks. With peekaboo views, three-quarter-inch maple hardwood floors throughout, maple laminate in bedrooms and hallway, and soft-close IKEA kitchen cabinets, this charming rancher is a lucrative investment. Open House May 25th - May 26th (2:00-4:00pm). (id:48205)

3 Bedroom 3 Bathroom 1204 sqft
For sale Open House
$1,525,000
15765 92B AVENUE, surrey, British Columbia

15765 92b Avenue

Surrey, British Columbia

Welcome to your dream home in Fleetwood Tynehead, Surrey! Discover this stunning split-level residence's perfect space, style, and comfort blend. Nestled in the converted Fleetwood typehead area, this home boasts everything you desire and more! This family home's thoughtfully designed layout offers ample space for every member to thrive. The solid oak kitchen cabinets exude elegance while providing functionality for your culinary adventures. Natural light floods through skylights, creating a warm and inviting ambience throughout. Key Features of this home are four Bedrooms, three Bathrooms, 2245 SF of Living Space, a Family-Oriented Layout, skylights for natural illumination, solid oak kitchen cabinets, and spacious 5' high crawl space. Open Sat and Sun June 1 and 2 from 2 to 4:30 pm. (id:48205)

3 Bedroom 3 Bathroom 2245 sqft
For sale
$1,525,000
7278 194 STREET, surrey, British Columbia

7278 194 Street

Surrey, British Columbia

Discover this exquisitely designed 5-bedroom, 4-bathroom home in Clayton, on a spacious 4318 sq ft lot and built in 2015. Featuring a welcoming front porch and an open-concept layout with high ceilings, the main floor includes a front office and a kitchen with quartz countertops, stainless steel appliances, and white shaker cabinets. The upper level hosts a primary suite with vaulted ceilings, a walk-in closet, and a spa-like ensuite with a double sink. Outside, a fenced backyard, a large covered deck, and a detached garage with a 2-car parking pad plus double tandem parking for six vehicles in total! Walking distance to schools, shops, and transit. (id:48205)

5 Bedroom 4 Bathroom 2562 sqft
For sale
$1,525,000
8927 146A STREET, surrey, British Columbia

8927 146a Street

Surrey, British Columbia

**CENTRAL BEARCREEK/GREEN TIMBERS AREA**2280 sqft 2 STOREY basement entry home sitting on a MASSIVE 8042 sqft LOT** This home features 3 bedrooms up & 2 FULL baths, Master bedroom has a walk-in closet with en-suite, a DEN big enough to be the 4th bedroom if needed with access to the LARGE deck. The main floor has a large living room attached to the dining room, a good sized kitchen with newer counter tops & Stainless Steel appliances. The basement is FULLY FINISHED into a 2 bedroom SUITE with SEPARATE kitchen, living, dining & private entrance. The Large backyard is perfect for kids & entertaining. The recent updates include, brand new FURNACE, newer gutters, fencing, DECK, flooring & roof changed only 7 years ago. Close shopping & major transportation routes. Call for more information or a private viewing. (id:48205)

5 Bedroom 3 Bathroom 2280
For sale
$1,524,900
6811 196 STREET, surrey, British Columbia

6811 196 Street

Surrey, British Columbia

First time on the market! 2 storey with bsmnt home plus Coach House, well built by Castleview Homes. Features included hardwood flooring, built-in vacuum, stainless steel appliances and granite countertops in the kitchen and gas fireplace. Nice breezeway connecting home to garage. 2 bedroom basement suite. Centrally located close to schools and walking distance to Willowbrook Mall. Concrete pad next to Coach House for extra parking. Katzie Elementary and Clayton Heights Secondary school catchments. (id:48205)

6 Bedroom 5 Bathroom 3048 sqft
For sale
$1,500,000
19047 72 AVENUE, surrey, British Columbia

19047 72 Avenue

Surrey, British Columbia

INVESTOR ALERT. This beautifull Coach Home is in the heart of Clayton. 6 bedroom/5 bathroom and 2 rental suites is a must see. The main floor boasts an open concept featuring: spacious family area, a beautiful kitchen leading to your dining area, perfect size living room/den and patio for all your family bbq gatherings. Upstairs you have 3 spacious bedrooms, 2 bathrooms and laundry for added convenience. 2 great mortgage helpers with a 2 bedroom basement suite and a 1 bedroom suite above the garage with both suites having their own laundry. Fenced in backyard with composite patio decking. Close to Regent Road Elementary & Salish Secondary. Do not miss this opportunity. CANCELLED OPEN HOUSE (id:48205)

6 Bedroom 5 Bathroom 3063 sqft
For sale
$1,500,000
6652 195 STREET, surrey, British Columbia

6652 195 Street

Surrey, British Columbia

This exceptional 2-storey home w/ a basement & legal 1-bedroom coach house is an absolute gem! Enjoy unparalleled privacy w/ no immediate neighbors on one side, offering breathtaking views of a lush greenbelt. The main floor boasts a gourmet kitchen w/ stunning granite counters, a beautiful backsplash, & high-end S/S appliances including a gas stove. A spacious den/flex room flooded w/ natural light is perfect for any use. The primary bedroom ensuite features a luxurious soaker tub and separate shower. The basement suite has been tastefully renovated w/ permits for use as a daycare. Additionally, the legal 1-bedroom coach house offers a cozy living space w/ its own kitchen and bath. Prime location, steps from Willowbrook Mall, restaurants, & future skytrain. AMAZING investment opportunity! (id:48205)

5 Bedroom 5 Bathroom 2343
For sale Open House
$1,499,999
9170 125 STREET, surrey, British Columbia

9170 125 Street

Surrey, British Columbia

Investors and Builders alert! A well maintained beautiful home in the desirable neighborhood of Queen Mary Park, Surrey on approximately 7199 square feet. This home offers a large backyard with a driveway for 6 cars parking in the front, quiet and wide street. Upgraded Hot water tank (2019),Furnace (2017), Flooring (2018). The property is close to bus stops, shopping centers, grocery stores, and schools, providing both growth and convenience. Hold onto this gem now! Offers as they come. Book your showing today! Open House- 1st June, Saturday 1pm to 4pm 2nd June, Sunday 1pm to 3pm (id:48205)

4 Bedroom 3 Bathroom 1921 sqft
For sale
$1,499,999
12670 94 AVENUE, surrey, British Columbia

12670 94 Avenue

Surrey, British Columbia

INVESTORS & BUILDERS ALERT. Residential "In-Fill" Development Opportunity. Extra Large Lot - approx. 9200 sq ft. to build your Dream Home, almost a Quarter Urban Acre. Please Confirm with the City of Surrey for OCP and Zoning. This is the Queen Mary Park Subdivision next to the Cedar Hills Community. Property is close to Shopping & Transportation Amenities, is Walking Distance to Local Schools : Senator Reid Elementary School - LA Matheson Secondary School - Queen Elizabeth Secondary School. Check it Out Now !!! Home is in "Tear Down " & "As Is - Where As" Status.Showing by appointment anytime . Property is vacant. (id:48205)

5 Bedroom 1 Bathroom 2098 sqft
For sale
$1,499,999
15487 93 AVENUE, surrey, British Columbia

15487 93 Avenue

Surrey, British Columbia

INVESTORS/BUILDERS OR FIRST TIME HOME BUYERS!!! Berkshire Park Beauty! Absolutely stunning family home 6 bed/ 4 bath rancher W/mortgage helper in the most desirable area of Fleetwood, move in ready, surrounded by all levels of public and private schools, plus close to Fraser hwy. This beauty has been completely updated. Close to all types of shopping, restaurants, community amenities and easy freeway access for commuters. Short walk to Berkshire Park and Elementary School. Located on a quite street. This one won't last!! PRICED TO SELL. (id:48205)

6 Bedroom 4 Bathroom 2123
For sale Open House
$1,499,900
7080 195A STREET, surrey, British Columbia

7080 195a Street

Surrey, British Columbia

Excellent family home with a legal 2 Bdrm suite in popular Clayton Heights! The main floor features a gourmet kitchen, formal dining room, spacious living room and Den! Upstairs you have 4 large sized bedrooms including a deluxe Primary Bedroom with a WIC and ensuite! In the basement enjoy a gym space or rec room for the main house! There's also a separate self contained 2 bedroom legal suite in the basement with upgraded kitchen cabinets and a parking stall at the back for the suite! ATTACHED Double car garage fenced yard! (id:48205)

6 Bedroom 4 Bathroom 3277 sqft
For sale
$1,499,900
15703 101 AVENUE, surrey, British Columbia

15703 101 Avenue

Surrey, British Columbia

Discover the allure of this charming split-level home nestled in the serene Fleetwood neighborhood. Situated on a peaceful, family-friendly street, this sought-after location provides an ideal living environment. Benefit from the proximity to schools, shopping centers, restaurants, and easy access to HWY #1. Step into the inviting and brightly lit living space, featuring a cozy gas fireplace seamlessly transitioning into the formal dining area. The spacious kitchen boasts ample natural light and opens to one of two delightful patios. Adjacent to the kitchen, you'll find a comfortable family room, perfect for unwinding. Lastly, indulge in the expansive and private backyard retreat, complete with a tranquil garden. Contact for a showing appointment.OPEN HOUSE SUNDAY MAY 26TH FROM 3PM TO 5PM (id:48205)

4 Bedroom 4 Bathroom 2110 sqft
For sale
$1,499,900
10121 127B STREET, surrey, British Columbia

10121 127b Street

Surrey, British Columbia

"Location, location! in the heart of Surrey. This 7-bed, 5-bath house is situated on a spacious 8700+ sq ft lot. The renovated home offers a perfect combination of comfort and elegance. It features separate living spaces with 3-bed, 2-bath layouts on both the upstairs and downstairs levels, complete with living rooms, dining areas, and kitchens. Additional features include a detached 1-bed suite on the ground level. (3+1) basement suite, perfect for generating rental income. The fully fenced yard provides ample space for gardening and enjoying the outdoors. Just a few minutes from both levels of school, KPU, downtown of the City of Surrey, shopping, and easy access to Highways. (id:48205)

7 Bedroom 5 Bathroom 3198 sqft
For sale
$1,499,900
9742 149 STREET, surrey, British Columbia

9742 149 Street

Surrey, British Columbia

LOCATION LOCATION LOCATION! THIS SOLID HOUSE ENJOYS A PERFECT LOCATION IN A SAFE AND SUPER QUITE NEIGHBORHOOD. JUST A FEW MINUTES ON FOOT TO TRANSIT, EASY ACCESS TO HIGHWAY 1, 152 STREET, 100 AVE AND KINGGEORGE. EXTREMELY FRIENDLY TO COMMUNTORS. WITH GREEN TIMBER URBAN FOREST PARK TO THE WEST, BONACCORD PARK RIGHT BE THE FENCE OF THE BACKYARD. RENOWNED BONACCROD ELEMENTARY AND JOHNSTON HEIGHTS SECONDARY BOTH WITHIN WALKING DISTANCE, IT'S A GREAT PLACE FOR FAMILIES AND TO RAISE UP CHILDREN.NICE RECTANGULAR 7142 SQFT LOT BRINGS GREAT PRIVACY AND PONTENTIAL FOR REDEVELOPMENT. BUILT SOLID WITH GOOD LAYOUT WITH 3 BEDROOMS UPSTAIRS, BATHROOM ON BOTH MAIN AND UPPER LEVEL. 2 CAR GARAGE, DRIVEWAY ALLOWS EXTRA 4 PARKING AND PARKING SPACE EVEN AVAILABLE FOR RV IN THE BACKYARD. (id:48205)

3 Bedroom 2 Bathroom 1690 sqft
For sale
$1,499,888
7255 194A AVENUE, surrey, British Columbia

7255 194a Avenue

Surrey, British Columbia

Welcome to Clayton Heights! This bright home with an open floor plan offers just under 2500 sqft of living space with AC. It features 5 bedrooms, 3 bedrooms upstairs plus a home office on the main. The generous kitchen boasts granite countertops and a spacious island. Large windows provide plenty of natural light. The fully finished basement includes 2 bedrooms and a rec room with separate entrances, making it easily suitable. GREAT LOCATION with easy access to major highways, shopping, and schools. Call for a private showing today! (id:48205)

5 Bedroom 4 Bathroom 2421 sqft
For sale
$1,499,000
9337 135 STREET, surrey, British Columbia

9337 135 Street

Surrey, British Columbia

Prime Location of 2 story basement entry, beautiful House in the heart of Cedar Hills Area. House is sitting on Large big lot 8070 sqft with back lane access. Great view of School grounds at the front and Park, Cul-de-sac towards north side of Property, makes it very quiet and private. Main floor features Kitchen, Living room, family room, 4 bedrooms, storage and sundeck. Downstairs in the basement comprises 4 bedroom, living, kitchen and more storage. Updates include Double glazed windows all over, upstairs kitchen and bathroom. Both level of schools are at walking distance. Close to Surrey memorial hospital. Skytrain and Shopping. OPEN HOUSE Saturday May 18th (2:00 - 4:00) PM Offers as they come. !! SOLD!! (id:48205)

8 Bedroom 5 Bathroom 2841 sqft
For sale
$1,499,000
12192 95A AVENUE, surrey, British Columbia

12192 95a Avenue

Surrey, British Columbia

ATTN DEVELOPERS - Discover a prime development opportunity in Queens Mary Park Surrey. This 1800 sqft home on a 7300 sqft lot offers incredible potential for expansion or redevelopment. With 4 bedrooms, 2 bathrooms, and the potential for 4 flex units, this property is ideal for investors or developers seeking to capitalize on the demand for housing in this area. This property is a rare find with endless possibilities. Don't miss out-schedule a viewing today and explore the opportunities awaiting you! (id:48205)

4 Bedroom 2 Bathroom 1819 sqft
For sale
$1,499,000
14827 88A AVENUE, surrey, British Columbia

14827 88a Avenue

Surrey, British Columbia

Investors / developers alert!! Great investment opportunity, please verify with city. This 2461sqft 3 level split home sits at the end of a cul-de-sac. Property offers 10 bedrooms, 5 full and 2 half bathrooms. The home is centrally located with shopping centers, universities, rec-centers, parks, bus stops and highways are all just minutes away. Don't miss out, book your showing today!! (id:48205)

10 Bedroom 5 Bathroom 2461 sqft
For sale
$1,499,000
8980 146A STREET, surrey, British Columbia

8980 146a Street

Surrey, British Columbia

Investment & Deal Alert! Quiet Family neighborhood on Cul-de-Sec. 3 Separate units with 3 kitchens. Driveway both Side, ample of parking on driveway. Long term tenant that works away would like to stay if possible. 48 Hrs notice required for showing (id:48205)

6 Bedroom 4 Bathroom 2509 sqft
For sale
$1,499,000
16349 86B AVENUE, surrey, British Columbia

16349 86b Avenue

Surrey, British Columbia

The ultimate cul-de-sac family house nested in a quiet Fleetwood inner street where public and private schools are plentiful and within in walking distance. With a newly renovated kitchen, boasting sleek quartz countertops, spotless stainless steel appliances, gleaming white cabinetry, open style living, dining, and family rooms, 5 bedrooms, a two car garage and a private fenced in back yard augmented by two huge decks, a patio, grapevine, fruit trees and a detached storage shed. (id:48205)

5 Bedroom 3 Bathroom 2484 sqft
For sale
$1,499,000
9430 154A STREET, surrey, British Columbia

9430 154a Street

Surrey, British Columbia

Beautiful Berkshire Park! Fleetwood's most family friendly neighbourhood where EVERYTHING is just minutes or steps away, including Johnston Heights & North Surrey Secondary Schools, Holy Cross Secondary, Surrey Christian School & the lovely Berkshire Park Elementary is just 1 block away on a quiet street.watch or walk the kids to school! Minutes to Guildford Mall, theatres, great eateries, coffee shops & pubs, parks, arenas & pools PLUS a 6-block walk to the new SKYTRAIN STATION! The home is located on a quiet cul de sac with a private parklike yard, plenty of sunshine & restful shaded areas & is fully hedged, fenced & gated with a separate storage shed & expansive deck for BBQ's & entertaining. Inside you'll find 3 bdrms, games room & den with thoughtful interior updates including all 3 baths, lovely white kitchen, sunny eating area, Stainless Steel appliances, gas range, crown moldings, laminate flooring & décor light fixtures. A relaxing environment & comfortable home - come see, while it lasts! (id:48205)

3 Bedroom 3 Bathroom 2038 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