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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
$1,399,800
10207 124A STREET, surrey, British Columbia

10207 124a Street

Surrey, British Columbia

Nestled in the peaceful enclave of St. Helens Park, this beautiful home offers a harmonious blend of comfort and convenience. With 6 bedrooms and 2 bathrooms, this home is designed for modern family living. Situated on a sprawling 9000+ sq.ft. corner lot, it provides ample space for outdoor recreation and relaxation. Enjoy breathtaking views of the majestic mountains, sparkling cityscape, and the Fraser River from your own backyard. While this home is located in a quiet neighbourhood, it offers easy access to the bustling amenities of downtown Surrey, SFU, and many more! For families with children, the property is just a leisurely 10-min walk to the elementary school and the high school is only a quick 5-min drive away, ensuring easy access to education for teens. Additionally, the versatility of the basement suite adds great value to the property. With its prime location, spacious layout, and breathtaking views, this home is a rare find in the desirable St. Helens Park neighbourhood. (id:48205)

6 Bedroom 2 Bathroom 2500
For sale Open House
$1,399,000
11366 LOUGHREN DRIVE DRIVE, surrey, British Columbia

11366 Loughren Drive Drive

Surrey, British Columbia

Welcome to this beautiful two storey home located in Bolivar heights area with two bedroom suite as a mortgage helper ,6 bedroom and 3 full bathroom , Upstairs all stainless appliances with open kitchen, modern design kitchen cabinet and granite counter tops and updated light fixtures and Laminated flooring , Downstairs features 2 renovated bed rooms and one washroom with separate Laundry . Close to all the amenities, transportation, recreation , shopping center ,School and easy access to hwy 1. Great investment opportunity. Call to schedule the showing. Open house May 11 and 12,2024 Saturday and Sunday between 2:30pm-4:4:30pm (id:48205)

5 Bedroom 3 Bathroom 2429
For sale
$1,399,000
16329 94 AVENUE, surrey, British Columbia

16329 94 Avenue

Surrey, British Columbia

Fleetwood 4 bed 3 bath home sitting on an over 70 wide + 7000 sqft Lot! Main features a grand entry w/Formal liv/ding room, large kitchen, eating area w/bay window, DEN, family room and a spacious laundry room. Upstairs has 4 bedrooms, one being a master w/ walk-in closet and ensuite! Perfect place to make yours today! ***AVAILABLE*** (id:48205)

4 Bedroom 3 Bathroom 2428
For sale Open House
$1,399,000
14288 90A AVENUE, surrey, British Columbia

14288 90a Avenue

Surrey, British Columbia

Beautiful home!!! located on quite street, Bear Creek Green Timber neighborhood . The Upper Level includes 4 bedrooms and 3 bathrooms, open living, dining, kitchen and bright spacious family room. Main Level has a 2 bedroom basement Suite and 1 bedroom suite. 2 +1 mortgage helper. Family oriented neighborhood and lots of space for children to play in back yard. Book your appointment to have a tour of this single family home!! WHOLE HOSUE RENTED M/M. (id:48205)

6 Bedroom 5 Bathroom 3633
For sale Open House
$1,399,000
10042 159A STREET, surrey, British Columbia

10042 159a Street

Surrey, British Columbia

Renovated in 2023 very well kept 4 bedroom, 3 bathroom home in Guildford.7219 SQFT LOT has alley access. Home features a high efficiency furnace, a cozy gas fireplace, spacious bedrooms. Back lane access to large and private fenced backyard and Patio. House has one bedroom suite. Easily walk to schools, bus stops & Tynehead Regional Park, as well as Guildford Town Centre, restaurants, and grocery stores. Quick access to Hwy 1 in a few short blocks. (id:48205)

4 Bedroom 3 Bathroom 2002
For sale Open House
$1,399,000
15357 96TH AVENUE, surrey, British Columbia

15357 96th Avenue

Surrey, British Columbia

Lovely three bed, two bath starter home in the established neighbourhood of Guildford. Light and air fill this home through loads of windows and patio sliding doors off the dining room and primary bedroom. Located on an oversized corner lot, there is room for everything here! Spacious, fully fenced front and back yards with mature plants including blueberries, apples, plums and grapevines. Extensively renovated approx ten years ago with vinyl windows, hard surface flooring, and spacious kitchen with granite countertops, tile floor, potlights, and stainless steel appliances. Roof is 12 years old. Includes laundry room with sink, and attached two car garage with additional parking. Transit and walk friendly location close to great schools, parks, and Guildford Mall. Open Sat/Sun May 4/5 2-4. (id:48205)

3 Bedroom 2 Bathroom 1925
For sale Open House
$1,399,000
11506 BAILEY CRESCENT, surrey, British Columbia

11506 Bailey Crescent

Surrey, British Columbia

Welcome to this charming two storey home situated on a 7258 SF lot in North Surrey. This fantastic property has endless opportunities with 3 bedrooms up and 2 below, it is perfect for a growing family. Located on a quiet, private street with tons of parking and close to all main highways. Walking distance to all necessities including shops, restaurants, banks and transit. School catchments include: Royal Heights Elementary School and L.A. Matheson Secondary School. Perfect for investors and first time buyers. Schedule your appointment today! OPEN HOUSE SUNDAY APRIL 28TH FROM 12:00PM-4:00PM. (id:48205)

5 Bedroom 4 Bathroom 2723
For sale
$1,399,000
14123 113A AVENUE, surrey, British Columbia

14123 113a Avenue

Surrey, British Columbia

Well cared for and updated home in the sought after BOLIVAR HEIGHTS. Ideal for young family with mortgage helper or investor to build. HUGE corner 50 x 167 lot with lane access. Move in ready with loads of updates including flooring, kitchens, bathrooms, fencing, & windows. Home features two full beds and full bath upstairs with two full beds and full bath down with separate kitchen and separate entry. Large covered deck to enjoy the outdoors all year round. A detached garage and storage shed provides plenty of room for vehicles and outdoor gear. The backyard is a gardener's paradise, ready for cultivation and relaxation. James RDL Elementary and Kwantlen Park Secondary school catchments. OPEN HOUSE *CANCELED* (id:48205)

4 Bedroom 2 Bathroom 1870
For sale Open House
$1,399,000
12753 114B AVENUE, surrey, British Columbia

12753 114b Avenue

Surrey, British Columbia

This beautiful custom-built house has 6 bedrooms and 5 full bathrooms features stainless steel appliances, Central AC, lots of parking, One bedroom and full bathroom at main level. House is well maintained and there is 1 bedroom authorized suite in house. Suite is currently rented to the reliable tenants which generates good mortgage help. There is 1,200sqft unfinished crawl space at basement level that can be converted into a 2 two-bedroom basement suites, buyer needs to verify if deemed important. It's centrally located within walking distance to Skytrain, schools, parks, highways, and much more. OPEN HOUSE 27 &28 April( Saturday & Sunday) 2 to 4 pm (id:48205)

6 Bedroom 5 Bathroom 2737
For sale
$1,399,000
12425 PARK DRIVE, surrey, British Columbia

12425 Park Drive

Surrey, British Columbia

Welcome home to this charming four-bedroom, two-bath rancher with a basement, boasting delightful updates throughout. Nestled on a serene street, it offers a updated kitchen on the main level, adorned with granite countertops and S/S appliances, and rec room perfect for gatherings with sliding doors opening to a deck and fenced backyard, ideal for family and pets. Plus, the basement features a convenient in-law suite, adding flexibility and potential rental income. Below the rec room, discover 358sqft of accessible storage space. Enjoy the convenience of nearby schools, walking trails, and easy access to SkyTrain and transit. Plus, relish glimpses of New Westminster and the North Shore Mountains. Don't miss out (id:48205)

4 Bedroom 2 Bathroom 2659
For sale
$1,399,000
11564 97 AVENUE, surrey, British Columbia

11564 97 Avenue

Surrey, British Columbia

Fully renovated 2+1 basement suite home. This 6 bedroom, 3 FULL bath income producing property of $7250 per month is amazing opportunity. Awesome location in Royal Heights. Your opportunity to buy, move-in, hold positive cash flow home on a large 63front x 113 depth =7100+ sq.ft. lot with a south facing back yard plus mountain and city views. The backyard is very private, fully fenced and includes a detached garage. Close to schools, parks, shopping and transportation. You'll have great access to the Alex Fraser Bridge, Pattullo Bridge, Highway 1, 17 & 91. Don't miss this one. (id:48205)

5 Bedroom 3 Bathroom 2166
For sale
$1,399,000
15420 96 AVENUE, surrey, British Columbia

15420 96 Avenue

Surrey, British Columbia

Fabulously located 4BR 3.5BTH residence. This home offers plenty of space to move about without losing its cozy atmosphere. Vinyl plank flooring flows from the open living room with a large picture window & rustic, stone-covered fireplace into your elegant, formal dining area. Your bright, eat-in kitchen features a newer fridge & stove along with access to a generous, private backyard - perfect for outdoor entertaining, playing fetch with the dog & weekend gardening. Upstairs is reserved for spacious bedrooms with new carpeting while separate-entry 1BR 1BTH on the main can be rented separately as a mortgage helper. Also updated: central A/C, hot water on demand, gutters & paint. Steps to both levels of schools, bus stops, Guildford Town Centre, Walmart & minutes to Highway 1. (id:48205)

4 Bedroom 4 Bathroom 2088
For sale
$1,399,000
15112 EAGLE PLACE, surrey, British Columbia

15112 Eagle Place

Surrey, British Columbia

Opportunity for Rental investment or First time buyers. This beautiful house has 6 bedroom 4 bathrooms with a large sunroom on main floor , recently updated, new floors, new pain ,new tiles. Siting on a big lot with no through road and in quiet neighborhood. Rented to very nice tenants. Close to Guilford shopping centre and easy HWY no.1 access and close to all other amenities. Total rental income is $6300 per month. 2+1 Mortgage helpers. Open House Sunday 2-4 pm March 3, 2023. (id:48205)

6 Bedroom 4 Bathroom 2274
For sale
$1,399,000
12623 N HAMPTON BOULEVARD, surrey, British Columbia

12623 N Hampton Boulevard

Surrey, British Columbia

Lovely single home located in a quiet community just minutes away from School and Park. This corner unit sits on a larger lot and offers 3 different exposures with lots of windows. The living includes a gas fireplace, good size dining room, open kitchen layout with eating area adjacent to the family room. Upstairs the Master Bedroom has vaulted ceiling plus walk-in close. Down below is the fully finished basement complete with 2 BEDROOM SUIT, shared laundry and a separate entry use as a mortgage helper! Water is included in strata, so no bill. Room to park 4 cars on property and plenty of street parking, Extremely short walk to Tamanawis Secondary, Kwantlen Polytechnic University.***OPEN HOUSE MARCH 23 & 24 2:00 PM TO 4:00 PM*** (id:48205)

5 Bedroom 4 Bathroom 2555
For sale Open House
$1,398,111
14296 KINDERSLEY DRIVE, surrey, British Columbia

14296 Kindersley Drive

Surrey, British Columbia

WOW 11,508 SQUARE FOOT LOT AND FIRST TIME ON THE MARKET! ORIGINAL OWNER! Spacious over 1800 square foot three bedroom & two full bathroom rancher home with very large family room (potential for parent's living space?). Also has a HUGE DOUBLE GARAGE/SHOP with its own subpanel & lane access perfect for tradesperson or a car enthusiast. This for the SMART BUYER because with Surrey's DENSIFICATION plans on the horizon a property of this size and with LANE ACCESS will likely allow for a substantial build. In the meantime it's a comfortable well maintained home with high efficiency furnace in a quiet neighbourhood yet not far from amenities and with transit nearby it is good to live in, renovate, rent out or build your dream home. (id:48205)

3 Bedroom 2 Bathroom 1895
For sale
$1,389,000
10327 127 STREET, surrey, British Columbia

10327 127 Street

Surrey, British Columbia

Incredible Located in the fast growing Central Surrey Area, 5 mins to SFU, KPU, Central City Mall, Restaurants, Bank and Schools, this rare to find 8606sf big lot house has 3bedrooms + 1 bathroom on main floor and newly renovated 2 bedrooms +1 bathroom in the basement with separate entrance. When morning sunshine wakes you up, you can start a pleasant day by enjoying a lovely coffee on your big covered sundeck. Huge backyard offers all kinds of possibilities for your family gatherings, kids playing, gardening etc. Or you can build your dream house with BC's new bylaw density plan. Great school catchment: Prince Charles Elementary & L.A. Matheson Secondary and a mortgage helper! Open House: Sun. May 5th, 2:00--4:00pm. (id:48205)

5 Bedroom 2 Bathroom 2202
For sale Open House
$1,388,800
16481 84A AVENUE, surrey, British Columbia

16481 84a Avenue

Surrey, British Columbia

Lovely family rancher in Fleetwood, 1824 sq feet on large 8233 square foot corner lot! Great floorplan with formal dining room, large sunken living room, and bright kitchen, eating area and sunken family room with cozy gas fireplace. 3 bedrooms, 2 full baths. Large Primary bedroom with walk in closet and spacious ensuite bath. Low maintenance yard with mature landscaping. Public Open House Sat May 11 3-5PM (id:48205)

3 Bedroom 2 Bathroom 1824
For sale
$1,379,000
16273 78A AVENUE, surrey, British Columbia

16273 78a Avenue

Surrey, British Columbia

Prestigious Hazelwood Grove Rancher over 1655 sq. feet. This updated home is situated on a 7492 sq ft large quiet corner lot in a cul de sac. Tasteful reno done through out, new flooring new kitchen with Quarts countertop Pot Lights, furnace, Windows, roof and New Bathrooms. Enjoy the large master bedroom with huge walk-in closet and 4 pce ensuite. Perfect Rancher with RF zoning for future development, Dont miss out! (id:48205)

2 Bedroom 2 Bathroom 1655
For sale Open House
$1,365,000
10246 156A STREET, surrey, British Columbia

10246 156a Street

Surrey, British Columbia

Welcome to a serene 1517 sqft rancher in Surrey, BC, nestled on a quiet cul-de-sac. Renovated in 2022, this charming home boasts modern comfort and timeless elegance. The open-concept living area with abundant natural light leads to a renovated kitchen featuring Stainless Steel appliances & Quartz Countertops. Three spacious bedrooms, including a master suite with ensuite, provides a peaceful retreat. Step into the private backyard oasis for outdoor enjoyment. Recent renovations showcase the latest design trends. Conveniently located near amenities, schools, and parks, this rancher is a perfect blend of modern living and tranquility. Welcome to your New Home.PRICED BELOW ASSESSMENT (id:48205)

3 Bedroom 2 Bathroom 1517
For sale Open House
$1,350,000
13332 112A AVENUE, surrey, British Columbia

13332 112a Avenue

Surrey, British Columbia

Welcome to this original built home nestled in a serene neighborhood, offering Spacious living & breathtaking views of mountains & the city skyline. Very functional layout with generous size 4 bedroom, 3 bathroom perfectly complemented by its north-facing orientation, ensuring abundant natural light throughout the day. The master bedroom has an ensuite with its own private balcony. 3 additional bedrooms offer versatility for family members & guests, kitchen & breakfast nook area leading to covered deck w/views. 1 BEDROOM BASEMENT SUITE HAS ITS OWN ENTRANCE WITH PATIO. Easy access to King George Blvd., HWY 17, close to James Ardiel Elementary, Kwantlen Park Secondary, Port Mann & Patullo Bridge. Plenty of potential to build, hold, or invest. Property to be sold as is. (id:48205)

4 Bedroom 3 Bathroom 2384
For sale Open House
$1,350,000
9965 117 STREET, surrey, British Columbia

9965 117 Street

Surrey, British Columbia

Step into the exquisite 5-bedroom Royal Heights home. Boasting 3300 sqft of space on a generous 10,060 sqft lot, it exudes elegance & comfort. Take in breathtaking views from 2 expansive balconies, showcasing the beauty of New Westminster and mountains. Tucked away on a peaceful cul-de-sac, yet close to SKytrain, Hwy 17 and the Alex Fraser Bridge. Cozy fireplaces in the living and family room, a solarium, and the master bedroom with its own fireplace and ensuite bathroom create an atmosphere of pure indulgence. THe basement features a 1 bedroom ensuite with a separate entrance. With laminate floors, tile, marble accents throughout, and a private fence, detached double garage, and ample open parking. Measurements were done by Van3D, is approx, Buyer and Buyers agent to verify. (id:48205)

5 Bedroom 4 Bathroom 3300
For sale
$1,350,000
12646 113 AVENUE, surrey, British Columbia

12646 113 Avenue

Surrey, British Columbia

NVESTORS and FIRST TIME HOME BUYERS ALERT! 2 Bedroom, 1 Bathroom Bungalow located in Central Bridgeview near all major cross roots in the area and only 5 minute walk to Scott Road station! Good floor plan layout with detached single car garage, fenced back yard and cozy front porch. Master bedroom, additional bedroom and 3 piece bathroom. Brand new windows and roof has also been updated about 5 years ago. Move in, rent out or add on to make your dream home. This home is a perfect investment or building property with great future development potential. Don't wait, call today and make this your new home! (id:48205)

2 Bedroom 2 Bathroom 1050
For sale Open House
$1,349,999
11513 ROYAL CRESCENT, surrey, British Columbia

11513 Royal Crescent

Surrey, British Columbia

Perfect Home for a growing family located on a quiet street in Royal Heights includes 3 large bedrooms and 2 full bathrooms upstairs. Main floor features a Bright Kitchen, Eating Area, full washroom, Vaulted Ceilings in Living Room, Spacious Family Room, Fire Places Wood/Gas, Private Fenced Back Yard w/ Beautiful Deck. Workshop, RV / Boat Parking. School catchments include: Royal Heights Elementary School and L.A. Matheson Secondary School. walking distance RH Park. Close to public transit, shopping, schools and parks. Open House April 27/28 Sat 2-4 pm Sun 2-4 pm.. (id:48205)

3 Bedroom 3 Bathroom 2658
For sale Open House
$1,349,900
6537 193 STREET, surrey, British Columbia

6537 193 Street

Surrey, British Columbia

Luxury Home w/ bsmnt suite in Clayton w/ walking distance to UPCOMING SKYTRAIN ROUTE! Welcome to this well kept home w/ 4bed/4bath. As you enter you are greeted with HARDWOOD flooring, DESIGNER Paint, pot lights, Living room w/ huge windows & Dining area. Chef's kitchen has S/S appliances, MODERN WHITE cabinets, QUARTZ countertop & OPEN concept w/ Family room featuring cozy GAS FIREPLACE. Private PATIO in the backyard is perfect for upcoming BBQ parties w/ gas firepit. 3 good size rooms upstairs w/ 2 FULL BATH including PRIMARY BEDROOM w/ a walking closet. Laundry w/ storage and sink is an added advantage. Bachelor basement SUITE w/ LAUNDRY (could be converted into 1 bedroom suite) is perfect as a great MTG HELPER. Fenced backyard is perfect to enjoy Sun & kids to play. Central location! (id:48205)

4 Bedroom 4 Bathroom 2345
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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