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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
$499,900
1111 13428 105 AVENUE, surrey, British Columbia

1111 13428 105 Avenue

Surrey, British Columbia

University District by award winning developer, Bosa. This hyper functional one bed one bathroom condo is expertly designed to maximize space. Boasting an individual AC/HRV system, floor to ceiling windows, modern kitchen with cabinet faced appliances, retractable kitchen table, and stunning views. This building also come equipped with over 23,000 square feet of world class amenities located in a separate building for maximum privacy and security. On site parcel delivery room, massive gym, bike storage and maintenance area, spin room, yoga space, coworking space with multiple meeting rooms, heated pool, outdoor cooking/entertainment space with fire pit, and more! The best North Surrey has to offer. (id:48205)

1 Bedroom 1 Bathroom 517 sqft
For sale
$499,900
611 13615 FRASER HIGHWAY, surrey, British Columbia

611 13615 Fraser Highway

Surrey, British Columbia

Welcome to the award-winning King George Hub by PCI, where elegance and convenience seamlessly blend. This luxurious and efficient 1-bedroom boasts a well-appointed entryway leading to a sleek U-shaped gourmet kitchen, featuring integrated Bloomberg appliances, a Fulgor Milano stainless steel oven and cooktop, quartz countertops. The spacious living area accommodates both relaxation and dining. Designed by BYU Design, the interiors radiate sophistication and comfort. Indulge in premium amenities, including a rooftop lounge, games room, BBQ area, children's play zone, theatre, private dining area with a cooktop, and a fully-equipped fitness and yoga studio. Ideally located, you are mere steps from Save-On-Foods, T&T Supermarket, SFU, SkyTrain, Central City Mall, and an array of delightful dining options. Embrace the ultimate urban lifestyle at King George Hub! (id:48205)

1 Bedroom 1 Bathroom 525 sqft
For sale
$499,900
4006 13350 CENTRAL AVENUE, surrey, British Columbia

4006 13350 Central Avenue

Surrey, British Columbia

ELEVATE YOUR LIVING with the HIGHEST LEVEL proper 1-bedroom condo on the 40th FLOOR featuring SPECTACULAR VIEWS! Just 3 floors below the penthouse level, this is one of the HIGHEST RESIDENCES in the entire city! It boasts MUCH HIGHER CEILINGS than lower levels & you wake up energized OVERLOOKING THE CITY. Enjoy over 20,000 sqft of WORLD CLASS AMENITIES over 5 levels. Located on the rooftop level w/ PANORAMIC 360 DEGREE VIEWS OF THE WATER, MTNS, & CITY LIGHTS is The One Club! This unique facility also offers Level 44 Lounge w/ access to an amazing kitchen & dining space. Relax on the outdoor terrace with access to multiple BBQs & sunchairs. Fitness buffs will love The Cube: a FULLY-EQUIPPED GYM w/ yoga loft. Work from home? You will love Workspace on the 34th floor! (id:48205)

1 Bedroom 1 Bathroom 465 sqft
For sale
$499,900
1204 13318 104 AVENUE, surrey, British Columbia

1204 13318 104 Avenue

Surrey, British Columbia

Welcome to Linea by Rize in the heart of Surrey Central! High-end appliances, a large island, laminate flooring, a conduction stove top, built-in air conditioning, and a smart thermostat are just some of the features included with this fantastic 1 bedroom home. A 12th floor home with a large outdoor balcony offers great outdoor space. Amenities include playground, rooftop patio, social area, fitness centre, inside lounge, co-working space, and dog wash station! The Surrey Central Skytrain Station, KPU, Holland Park, Central City Mall, T&T grocery, Walmart, are all within walking distance. Storage locker and parking stall included. Contact us to view! (id:48205)

1 Bedroom 1 Bathroom 504 sqft
For sale
$499,900
109 14960 102A AVENUE, surrey, British Columbia

109 14960 102a Avenue

Surrey, British Columbia

Welcome to The Max! This vibrant property located in the heart of Guildford is ideal for investors and first-time buyers. Within steps of Guildford mall, TNT, Landmark Cinemas, and more, its central location offers convenience. The unit features over 700 sqft of living space with 9' ceilings, an open concept layout, 1 bedroom, 1 bathroom, and a den. Enjoy luxury living with laminate floors, acrylic cabinets, granite counters, and stainless steel appliances. The pet-friendly building allows for one dog not more than 15kg or a cat and welcomes rentals. Amenities include a party room with a pool table. The unit comes with 1 parking spot and 1 storage locker. Ideal for families, it falls within the school catchments of Hjorth Road Elementary and Guildford Park Secondary.Come & view now. (id:48205)

1 Bedroom 1 Bathroom 735 sqft
For sale
$499,900
302 13919 FRASER HIGHWAY, surrey, British Columbia

302 13919 Fraser Highway

Surrey, British Columbia

Unique opportunity to own this gorgeous sub-penthouse 1BD/1BA condo in a building MAXX-VERVE with unobstructed West facing views from fully covered balcony. Central Surrey location next to King George SkyTrain and Transit, across from the Surrey Memorial Hospital and blocks from Central City Shopping Centre. Enjoy 9' ceilings, long-wearing laminate flooring throughout, and energy star stainless steel appliances. In-suite, front-loading stacking washer and dryer, horizontal venetian blinds. Secured underground parking and private storage lockers, central hot water, key fob access and video enter phone. (id:48205)

1 Bedroom 1 Bathroom 637 sqft
For sale
$499,900
406 10523 UNIVERSITY DRIVE, surrey, British Columbia

406 10523 University Drive

Surrey, British Columbia

Welcome to Grandview Court, a well-maintained and rain-screened building. This TOP floor corner unit has been nicely updated with a new kitchen, fresh paint, new appliances and cabinets in the bathroom. You'll love the southeast exposure adding abundant natural light and TWO private balconies for your exclusive use. The building features two elevators, an exercise room, saunas and a bike room. 1 parking space and 1 spacious storage locker. Proximity to SFU Campus, city hall, services, restaurants, recreation, parks, shopping and a library. Pet and rental friendly. A great place to call home, schedule your appointment today! (id:48205)

2 Bedroom 1 Bathroom 778 sqft
For sale
$499,900
109 10777 138 STREET, surrey, British Columbia

109 10777 138 Street

Surrey, British Columbia

A great opportunity to own a brand new, ground floor, large corner unit in the Q5 development. Centrally located close to shopping, amenities, and walking distance to Gateway station. This open concept 1 bedroom and 1 bath unit is light and bright thanks to the cool color scheme and ample windows allowing for natural light in every area of the unit. Enjoy your morning coffee on the private patio, with a quiet courtyard view, away from the main street. 1 parking and 1 storage is also included. (id:48205)

1 Bedroom 1 Bathroom 551 sqft
For sale
$499,900
110 13678 GROSVENOR ROAD, surrey, British Columbia

110 13678 Grosvenor Road

Surrey, British Columbia

Welcome to BALANCE:- Central Surrey's modern solution for space, location and style. #110 is the ONLY 2-bdrm suite in this building! The home boasts an efficient layout with laminate floors, over-height ceilings, and in-suite laundry. MINUTES AWAY FROM GATEWAY STATION. Offering a bright open floor plan w/a large, covered patio with WALK UP ACCESS. A large kitchen w/white embossed soft close cabinetry, FULL SIZE fridge & DW, s/s range & CONVECTION OVEN! High-end laminate w/light, neutral color scheme throughout. Only minutes from Surrey's becoming City Centre including skytrain, transit and major traffic routes. BALANCE is nestled away, surrounded by a residential community providing you the comforts of home and the convenience of city living. SECURED STORAGE INCLUDED. Call today! (id:48205)

2 Bedroom 1 Bathroom 665 sqft
For sale
$499,900
120 9635 121 STREET, surrey, British Columbia

120 9635 121 Street

Surrey, British Columbia

Welcome to Chandlers Hill North Surrey. This roomy one bedroom boasts over 900 sqft of living area and a sunny west facing garden level patio overlooking the private court yard. You'll love the layout of the spacious condo-home it's large enough to bring all your "house-sized" furnishings. The bay window in the living room adds a special touch to any decorating style and the efficient galley style kitchen features a pass-thru to the living room. You have plenty of extra storage in the ensuite laundry room. 1 secured underground parking stall included, extra parking for rent for $15 per month, storage lockers for rent $10 (currently waitlisted). 2 pets welcome (small dogs/cats). Commuting is a breeze with the new Rapidbus to Scott rd Skytrain station and transit hub. (id:48205)

1 Bedroom 1 Bathroom 902 sqft
For sale
$499,900
113 13458 95TH AVENUE, surrey, British Columbia

113 13458 95th Avenue

Surrey, British Columbia

This 1 Bed + 1 Bath dark colour schemed home at Galilea comes with a laminate upgrade in the bedroom ($1000), 1 Parking, 1 Micro-Storage Locker ($2500), and a fitness centre within the building! Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, 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. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. (id:48205)

1 Bedroom 1 Bathroom 549 sqft
For sale
$499,900
411 9983 E BARNSTON DRIVE, surrey, British Columbia

411 9983 E Barnston Drive

Surrey, British Columbia

Welcome to this spacious 1 BEDROOM+DEN home at Coast in the coveted Fraser Heights neighbourhood. This near new home features a bright open floorplan with airy 9' CEILINGS, quartz countertops, marble inspired tile backsplash, stainless appliances, and modern fixtures and finishes. Comes with 1 parking, 1 storage and balance of the 2-5-10 warranty. Located minutes to Guildford Mall, Pacific Academy, parks and easy Freeway access to Vancouver. Don't miss out on this one! (id:48205)

1 Bedroom 1 Bathroom 620 sqft
For sale
$499,900
1808 13615 FRASER HIGHWAY, surrey, British Columbia

1808 13615 Fraser Highway

Surrey, British Columbia

Welcome to King George Hub, the epitome of urban living in Surrey's downtown core! This North-facing one-bedroom unit is equipped with Blomberg & Fulgor Milano appliances, and complemented by sleek quartz countertops on a spacious kitchen island. Amenities including a large Fitness Centre, Yoga Studio, expansive 40th-floor Rooftop Lounge with BBQ, Games Room, lounges, children's play area, and Theatre Room. With its prime location adjacent to King George station, explore the city with ease or indulge in nearby attractions such as Brown's Social house, Central City Shopping Centre, T&T Supermarket, SFU Surrey campus, UBC's future campus, and much more-all within walking distance! (id:48205)

1 Bedroom 1 Bathroom 501
For sale
$499,888
210 9668 148 STREET, surrey, British Columbia

210 9668 148 Street

Surrey, British Columbia

Hartford Woods! This complex features a Resort-style design with courtyard vistas. 1 bedroom + den, quiet location , Ideal floorpan with a generously sized primary bedroom, den, and a dedicated laundry room. Updated stainless dishwasher and fridge and light cabinet package in the kitchen area.The building has undergone recent rain-screening including new fencing, decks, windows, and siding. amenities featuring outdoor pool, Clubhouse, Gym, Sauna and Hot Tub. Open house: Jun 29 &Jun 30 12-1pm (id:48205)

1 Bedroom 1 Bathroom 680 sqft
For sale
$499,800
205 10662 151A STREET, surrey, British Columbia

205 10662 151a Street

Surrey, British Columbia

Welcome to Lincoln's Hill, located in the heart of Guilford! Walking distance to Guidlford Town Centre and Guildford Recreational Centre, public library, restaurants, transit, services, and more! Plus, quick access to Hwy 1. You'll find this spacious and well maintained 2 bedroom 1 bathroom home overlooking the peaceful inner courtyard. Both bedrooms offer ample of space and can fit a king size bed. Move in just in time for summer to enjoy barbecue outside your own large balcony overlooking the maple trees or enjoy a peaceful walk in Lincoln's hill's beautiful tranquil garden. This home offers 1 parking space and 1 storage locker. See this beauty for yourself at the Open House May 12 2-4PM. (id:48205)

2 Bedroom 1 Bathroom 910 sqft
For sale
$499,000
E313 13858 108 AVENUE, surrey, British Columbia

E313 13858 108 Avenue

Surrey, British Columbia

Introducing your STYLISH and MODERN residence in the sought-after Radley community! This impressive SPACIOUS CORNER unit boasts 1 Bed PLUS a FLEX space. The contemp. kitchen showcases sleek quartz countertops, a trendy tile backsplash, and S/S appliances. Luxurious wide-plank laminate flooring flows throughout the home, complemented by 9-ft ceilings and LARGE windows that flood the home with natural light. Situated just STEPS away from the skytrain, parks, shopping, SFU, KPU, and future UBC, convenience is at your doorstep. Residents enjoy a wealth of amenities including an entertainment room, fireside BBQ lounge, outdoor courtyard, fitness center with yoga studio, and a dedicated work-study room with PRIVATE pods. There's EV charging capabilities, a dog wash station, and more. CALL NOW! (id:48205)

1 Bedroom 1 Bathroom 628 sqft
For sale Open House
$499,000
2005 13495 CENTRAL AVENUE, surrey, British Columbia

2005 13495 Central Avenue

Surrey, British Columbia

Welcome to downtown Surrey's landmark building, 3 Civic Plaza! This premier location offers unparalleled convenience with direct access to SkyTrain station, City Hall, public library, SFU, KPU, restaurants, Central City mall, retail shops, banks, and so much more! This unit offers an open floor plan ready for your decorating ideas. The gourmet kitchen features stainless steel appliances, a mosaic backsplash, quartz countertops, and a functional island for meal prep or extra dining space. The den provides extra storage or serves as a quiet space for work or gaming. With a 180-degree views of the city and mountains, this floor plan is rarely available and suitable for both living and investment purposes. Call now to arrange a private viewing! Open house July 6 and 7 from 2:00pm to 4:00pm. (id:48205)

1 Bedroom 1 Bathroom 679 sqft
For sale Open House
$499,000
214 13910 101 AVENUE, surrey, British Columbia

214 13910 101 Avenue

Surrey, British Columbia

Welcome to the peaceful Breezeway complex! Step into this bright and spacious 1300 sq ft retreat, featuring 2 bedrooms and 2 bathrooms, easily accessible by elevator. Relax by the cozy gas fireplace or on the sunny south-facing sundeck and enjoy the convenience of included parking and storage. Perfectly situated near the SkyTrain, Surrey City Hall, Central Mall, and Surrey Memorial Hospital. Explore the nearby natural beauty of Green Timbers and Holland Park. This adult-oriented ( 55+ ) building features a serene environment, offering a refined lifestyle in this prime location. OPEN HOUSE: SUN July 7: 11:00am - 1:00pm (id:48205)

2 Bedroom 2 Bathroom 1319 sqft
For sale Open House
$499,000
1106 13399 104 AVENUE, surrey, British Columbia

1106 13399 104 Avenue

Surrey, British Columbia

**CORNER Unit in the Heart of Surrey!** Centrally located within walking distance to Surrey Center, the library, SkyTrain, and Holland Park. This bright 2-bedroom unit features a master bedroom with a fantastic southwest panoramic view. Enjoy a large patio, quartz countertops, laminate floors, and stainless steel appliances. Building amenities include a fitness center, entertainment room, and meeting room. Comes with one parking spot and one locker. Pets and rentals are allowed! Open House on July 6th and 7th from 2-4 pm, and July 8th from 3-5 pm. (id:48205)

2 Bedroom 1 Bathroom 790 sqft
For sale Open House
$499,000
3501 9887 WHALLEY BOULEVARD, surrey, British Columbia

3501 9887 Whalley Boulevard

Surrey, British Columbia

Welcome to Park Boulevard by Concord Pacific - this impeccably luxury built 1 bed high rise condo on the 35th floor is home to a stunning and impeccable city view from your private patio. This rare 1 bed floor plan features panoramic views, A/C, functional layout, quartz countertops, marble backsplash, premium appliances, high end pre-organized kitchen cabinets, niche closets w/ organizers. World class amenities including 24/7 concierge, indoor pool, Tepidarium, sauna/steam room, hot tub, badminton court, fitness centre, sports lounge, business centre, bowling alley, billiards table & much more. Complete 1 parking stall. Steps to King George skytrain station, transit routes, parks, Central City Centre, T&T, Save-on-Foods, SFU campus & much more. (id:48205)

1 Bedroom 1 Bathroom 530 sqft
For sale Open House
$499,000
114 6468 195A STREET, surrey, British Columbia

114 6468 195a Street

Surrey, British Columbia

Incredible value in this beautifully appointed 1 bedroom, 1 bathroom condo at the popular Yale Bloc located in the heart of Willowbrook! This one bedroom modern home is designed with a blend of style, simplicity and open floor plan with 9" ceilings. Not located on the ground floor and located on the quit side of the building overlooking the serene lush courtyard for a park like setting for year round entertainment and enjoyment. High end finishings throughout, freshly painted designer colour scheme, quartz counters, stainless steel appliances, generous primary bedroom with ensuite and walk-in closet. Yale Bloc offers a exercise center, playground, and clubhouse and this home comes with 1 parking stall and 1 storage locker included. Pets & rentals allowed. Walk score 10 plus! Call today! (id:48205)

1 Bedroom 1 Bathroom 592 sqft
For sale
$499,000
1505 13685 102 AVENUE, surrey, British Columbia

1505 13685 102 Avenue

Surrey, British Columbia

Great Opportunity to own or invest in this ones bedroom, one bathroom unit in prestigious "Georgetown I" built by Anthem. Feels good to have 24 hr concierge or security in lobby presence. Very well designed, corner unit, facing Southeast with balcony and great panoramic views. Building has the greatest amenities: Premium Theatre, Fitness Centre, Pet Park, Study Space, Guest Suite Rentals, Entertaining Lounge. Steps to Transit, minutes walk to SFU, City Centre, & Shopping Centre. One Parking & One Storage. (id:48205)

1 Bedroom 1 Bathroom 478 sqft
For sale Open House
$499,000
1105 10082 148 STREET, surrey, British Columbia

1105 10082 148 Street

Surrey, British Columbia

Welcome to Guildford Park Place! FIRST HOME, DOWNSIZE or INVEST! STUNNING 1 BED + DEN (used as 2nd bedroom), 2 BATH home offers 892 sq ft of modern living! UPDATED with SPARKLING WHITE KITCHEN, SS APPLIANCES, QUARTZ COUNTERTOPS & STYLISH TILE BACKSPLASH, ELEGANT FIXTURES, QUALITY LAMINATE FLOORING THROUGHOUT, COZY GAS FIREPLACE & more! INCREDIBLY BRIGHT & OPEN w/ LARGE PATIO to enjoy the PANORAMIC VIEW of MOUNTAINS and City! Well loved home, PET FRIENDLY with UNDERGROUND PARKING & LOCKER as well as AMAZING AMENITIES with 2 POOLS, HOT TUB, TENNIS COURTS, GYM & REC CENTRE!! GREAT LOCATION close to everything - shopping, schools, parks, transit & recreation! Nothing to do here but move in & enjoy all this home has to offer! OPEN HOUSE Saturday July 6 11am-12:30pm BY APPT ONLY. (id:48205)

2 Bedroom 2 Bathroom 892 sqft
For sale
$499,000
213 10438 148 STREET, surrey, British Columbia

213 10438 148 Street

Surrey, British Columbia

Welcome to your beautifully renovated 2 bedroom home, ideal for families, 1st time homebuyers, or savvy investors. Nestled in a prime neighborhood, this property offers the perfect blend of comfort, convenience, and style. This home boasts new paint, modern appliances, and a tastefully designed renovation throughout. Each bedroom is generously sized, providing ample space for relaxation and storage. Located directly across the street from the local school, this property ensures an effortless morning routine for families. Enjoy the convenience of being less than a 10 minute walk from Guildford Town Centre, a bustling hub with a variety of shops, dining options, and entertainment. OPEN HOUSE:THURS(JUNE27)5-6PM,SAT&SUN(JUNE 29&30)1-3 PM. (id:48205)

2 Bedroom 1 Bathroom 894 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