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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale
$1,199,900
43 16358 90 AVENUE, surrey, British Columbia

43 16358 90 Avenue

Surrey, British Columbia

RARELY AVAILABLE 3 bed + flex townhouse with all of the bells and whistles of a detached home! Fenced yard, double garage, low strata fees. Onyx & Ivory: Set in a prestigious neighbourhood, surrounded by greenery. High-end finishes incl: European appliances, gas stove, large island w/ waterfall, quartz counters/backsplash, LED pot lights, designer light fixtures & e-poxy in garage. 3 levels. Flex on main flr. Open kitchen/living/dining & powder room + balcony on 2nd level. Upstairs you a fantastic primary suite w/ a stunning ensuite w/ separate soaker tub + shower, duel sinks & walk-in-closet. Two other spacious bedrooms upstairs w/ full bathroom + side-by-side washer/dryer. Wide-plank oak laminate throughout, forced air heating, hot water on demand + central A/C & millwork incl. Est. Completion is early 2025. Pets & rentals allowed. Only a 5% deposit! (id:48205)

3 Bedroom 3 Bathroom 1835
For sale
$1,198,000
14767 ST. ANDREWS DRIVE, surrey, British Columbia

14767 St. Andrews Drive

Surrey, British Columbia

Great home for a fantastic price! Half Duplex with Mountain Views on a corner lot! Upstairs features 3 bed/2bath with a large bright Living room w/stone fireplace that looks out to a quiet street, laminate flooring, separate Dining area + kitchen that walks out to sunny deck w/peaceful & relaxing views of Port Mann bridge/mountains. Downstairs has a large 2 bed/1 bath walk out basement suite, w/eating area, 2 roomy bdrms+sep entrance + walkout to private backyard great for family fun. Newer Roof, Lots of Parking, Shared Laundry, Centrally Located + NO STRATA FEES PLUS RENTAL INCOME! Tons of Storage. Close to Guildford Mall, Bus stop 1min walk near to Ellendale Elementary, Riverdale Elementary and Iqra Islamic School. Easy access to Hwy 1 and Hwy 17. (id:48205)

5 Bedroom 3 Bathroom 1908
For sale
$1,195,000
10085 PARK DRIVE, surrey, British Columbia

10085 Park Drive

Surrey, British Columbia

The perfect place to get started in this lovely family home located on a quiet street and steps to everything. This lovely well cared for home boast original HW floors, with an updated kitchen, 2 beds up & 1+ den down. Updates include Furnace, Air Cond, HW Tank and RI bath in bsmt . You will enjoy The private covered deck, fenced yard backs on to tranquil greenbelt with walking trails, and steps to Robson park, Schools and bus at corner & great for commuting with access to all routes. Easy to convert to secondary Acc. The bonus RV parking will fit a full size unit, so call your Realtor and see it before its gone. Very flexible dates. (id:48205)

3 Bedroom 2 Bathroom 2417
For sale
$1,190,000
12637 115 AVENUE, surrey, British Columbia

12637 115 Avenue

Surrey, British Columbia

A Cute little house sits in a huge over 8000+ sqft South facing lot. Directly across from the Community Centre. All the updating in 2015 including the furnace, washer/dryer, stove/fridge; new laminate flooring, paint & updated bathroom. The most convenient location in Great Vancouver with a Minute walk to Scott Rd Skytrain stn, school, and bus stops. Quick access to K/G Hwy, HWY 17, and Pattulo Bridge. Tenanted property. Please drive by. price to go! (id:48205)

2 Bedroom 1 Bathroom 856
For sale
$1,188,888
109 9718 161A STREET, surrey, British Columbia

109 9718 161a Street

Surrey, British Columbia

This master planned townhouse community in Surrey Fleetwood Tynehead built by Streetside Developments. Situated next to Tynehead Regional Park & Godwin Farm Biodiversity Preserve, this home is perfect for the nature lover! This spacious 3 bedroom & 3 bath home offers white designer scheme with Shaker style cabinetry & Caesarstone countertops, stainless steel like new Whirlpool french door fridge, dishwasher, gas range & laundry on the upper floor with full sized washer/dryer. 9 ft. Ceilings on the main floor & an upgrade of laminate flooring throughout main & upper levels. A roomy balcony conveniently located off the dining room is great for outdoor dining. Clubhouse with gym access & a playground. 2/5/10 new home Warranty. (id:48205)

3 Bedroom 1527
For sale
$1,180,000
14766 101A AVENUE, surrey, British Columbia

14766 101a Avenue

Surrey, British Columbia

Check out this primely-located Guildford gem! This beautiful residence in the heart of Guildford offers an open living space with its three level split design - perfect for families! This 4 bedroom home features 3 bedrooms on the upper level and 1 bedroom downstairs, as well as a total of two full bathrooms. A rare abundance of parking in this corner lot makes it all-the-more convenient! Not to mention, the home is situated in a highly in-demand area due to its advantage of being at the epicenter of major shopping centers, restaurants, and more. Love to garden? This home is for you! (id:48205)

4 Bedroom 2 Bathroom 1582
For sale
$1,165,000
13334 114 AVENUE, surrey, British Columbia

13334 114 Avenue

Surrey, British Columbia

ALERT DEVELOPERS & BUILDERS! A RARE DEVELOPMENT OPPORTUNITY at Bolivar Heights! Don't miss your chance to build your dream home, with a secondary suite, on this large private 8146sqft lot across from the popular Bolivar Park in Whalley, North Surrey. Fronting 114 Avenue, this property is ideally situated on a quiet and family friendly community just seconds from the off-leash dog park, and short distance from the major connectors, HWY 17, HWY 1, King George Boulevard and Fraser Hwy. Located in Prime School Catchments including James Ardiel Elementary, Surrey Traditional, Kwantlen Park Secondary, and Khalsa Secondary. Groceries, Parks, brewery, transit and Gateway Skytrain Station are near. Value is mainly in the land. Call today, DON'T MISS THIS OPPORTUNITY! (id:48205)

3 Bedroom 1 Bathroom 1628
For sale Open House
$1,149,900
33360 WREN CRESCENT, abbotsford, British Columbia

33360 Wren Crescent

Abbotsford, British Columbia

Discover your dream home in the coveted Terry Fox Neighbourhood! This stunning 3-bedroom, 2-bathroom gem features 2 kitchens and a sprawling private yard. Some Updates include, a new roof, windows, hot water tank, and more! Step into a welcoming main floor with a den, family room, bedroom, full bath, and kitchen. Upstairs, revel in the open-concept kitchen with an island, dining area, and living room. The upper level includes the master bedroom, second laundry area, and third bedroom. Relish outdoor living with a large backyard and covered deck, perfect for gatherings. Ideal for investors or as a starter home. Don't miss out-park your RV on this quiet street near schools and downtown. Quiet family neighbourhood area that provides convenient and comfort. Seize this opportunity today! (id:48205)

3 Bedroom 2 Bathroom 2265
For sale
$1,149,888
9384 131A STREET, surrey, British Columbia

9384 131a Street

Surrey, British Columbia

4 beds 2 baths 1/2 Duplex. Embrace living in a detached house - like set up without the price tag, and no strata fees. Take advantage of an exclusive use of the common property with 5,000+ sqft of lot size, utilizing a huge space to your enjoyment. Enjoy the privacy of the spacious private fenced back yard, great for BBQs and family gatherings during summer. Property is in good shape with several updates over time, including laminate flooring, washroom updates and roof deck. The house roof was replaced in 2023. Big storage shed in the backyard is included in the price. This type of property is rarely available in this neighborhood. Steps away from Betty Huff Elementary School, 5minute away from King George Station, Surrey Memorial Hospital and the future UBC Campus. (id:48205)

4 Bedroom 2 Bathroom 1417
For sale
$1,149,000
49 12585 104A AVENUE, surrey, British Columbia

49 12585 104a Avenue

Surrey, British Columbia

Discover a luxurious new development in North Surrey. These spacious 3-level townhouses offer 4 beds, 3.5 baths, and modern open-concept living spanning approximately 2300 sq ft. Enjoy high-end finishes like stainless steel appliances and quartz countertops. With a separate entry suite for rental potential, custom millwork, and energy-efficient heating/cooling, convenience meets luxury. Centrally located near parks, schools, transit, and shopping, plus community amenities like a courtyard and gym. Don't miss out on this opportunity to own a beautiful townhouse in Yale Gardens. Call today to book a viewing! (id:48205)

4 Bedroom 4 Bathroom 2282
For sale Open House
$1,129,000
72 17557 100 AVENUE, surrey, British Columbia

72 17557 100 Avenue

Surrey, British Columbia

Introducing a stunning 4-bedroom 4bathtownhousenestled in the desirable Fraser Heights neighborhood. Completed 2021 Winter. This immaculate home boasts numerous updates that elevate its charm and functionality. Step inside, and you'll immediately notice the luxurious laminated floors that adorn the entire house, creating a sleek and modern aesthetic. The spacious kitchen has been enhanced with plenty of additional cabinets, providing ample storage space for all your culinary needs, A dedicated wine bar area adds a touch of sophistication. The thoughtfully updated light fixtures throughout the house not only illuminate the space beautifully but also add a touch of contemporary elegance. laundry room has been revamped with The cabinets and a countertop. OPEN HOUSE: May 4, SAT, 2-4pm. (id:48205)

4 Bedroom 4 Bathroom 1939
For sale
$1,119,000
46 12585 104A AVENUE, surrey, British Columbia

46 12585 104a Avenue

Surrey, British Columbia

* WELCOME TO YALE GARDENS. * This Beautiful Brand New 3 stories Townhouse is All you are waiting for. This 3 level Town House includes 4 Bedrooms, 4 Bathrooms, Living Room, Kitchen, huge Island, self closing cabinets, Open Layout, Quarts Counter Tops, Air Conditioning, Top notch Stainless Steel Appliances, Smart home System, Forced air heating, Lots of storage and Lots of cabinets, Amenities includes; Gym, Playground, Courtyard and much more to enjoy. Centrally Located, walking Distance to City Central, Transit, minutes away to SFU, Shopping, Both Levels of schools, Gateway Sky Train Station, Walking distance to King George and easy excess to All Major Routes. By Appointment only (id:48205)

4 Bedroom 4 Bathroom 2282
For sale
$1,100,000
49 19501 74 AVENUE, surrey, British Columbia

49 19501 74 Avenue

Surrey, British Columbia

Come live in this most sought-after neighbourhood in Surrey and in one of the upscale family townhomes in the heart of Clayton Heights - the Onyx! This 3-Bed 4-Bath 1,919 sq ft townhome boasts of a Gourmet Inspired Kitchen, spacious rooms, and expansive patios and decks. 9 ft ceilings, Large Windows that allow natural light to come in. Gorgeous Quartz Stone Countertops with imported Ceramic Tile Backsplash and luxurious powder rooms with floating vanities. There's Air Conditioning in the living room and master bedroom. Isolated and peaceful patio. Natural gas connection for barbecue. Home Security System installed. A definite must see! (id:48205)

3 Bedroom 4 Bathroom 1919
For sale
$1,100,000
111 15850 85 AVENUE, surrey, British Columbia

111 15850 85 Avenue

Surrey, British Columbia

Dawson & Sawyer's Master Community Fleetwood Village offers a home with a high-quality and unique design layout. The main floor boasts an open concept living and dining area, creating a spacious and inviting atmosphere along with a 100 sq.ft bonus covered patio, perfect for enjoying the outdoors. Upstairs, you'll find three spacious bedrooms! Additionally, there is a bedroom with a full bath on the ground level, providing convenience and flexibility. The double side-by-side garage can be accessed through the lane, and there is ample storage space available. The home is filled with natural light, and the covered patio adds an extra touch of relaxation. This home truly offers one of the best layouts and a range of modern amenities for comfortable living. (id:48205)

4 Bedroom 4 Bathroom 1648
For sale Open House
$1,099,999
11 9762 182A STREET, surrey, British Columbia

11 9762 182a Street

Surrey, British Columbia

4-Car Parking, 4 Bed + Flex Units! PRESTIGE by Sivia Construction, a collection of 34 luxurious Duplex style Townhomes NOW SELLING. All units feature open layouts and offer an entertainer's dream kitchen consisting of Kitchen Aid appliance package with a French door Fridge, gas range, built-in microwave and dishwasher. High-end finishing including soft-close shaker cabinets, custom lighting, black vessel sinks and black/gold hardware. Spa inspired Master ensuite with side-by-side sinks & glass showers with body jets+rainfall. Gas fireplaces, forced air heating+rough in for A/C, Navein on demand hot water. Centrally located in Fraser Heights mins away from parks, schools, Guildford Town Centre and Willoughby Town Centre. Show home open Sat/Sun 12pm-4pm, weekdays appointment only. (id:48205)

4 Bedroom 4 Bathroom 1903
For sale
$1,099,999
14701 101A AVENUE, surrey, British Columbia

14701 101a Avenue

Surrey, British Columbia

Great opportunity for investors, first-time home buyers & developers to own a detached home! Great value here! This 3 bedroom, 2 bath, 2 level house with no basement sits on a lot size of 4066 sqft & is located in the heart of the Guildford. The main level has a living room, family room, laundry, & a kitchen with upgraded countertops & backsplash with lots of cabinets. The above floor has 3 beds & a full bath. The roof was updated in 2022, windows & backyard updated in 2017, back fence is 5 years old. Other renos in bathroom & floor have been done. It is conveniently located close to both levels of schools, transit, shopping malls, community centre & library. Hot tub off the back deck is perfect for relaxation. Do not miss this opportunity! (id:48205)

3 Bedroom 2 Bathroom 1627
For sale Open House
$1,099,999
13909 114 AVENUE, surrey, British Columbia

13909 114 Avenue

Surrey, British Columbia

This Rancher sits on a spacious corner lot of over 8200 sq ft, nestled in a prime location close to everything - schools, transit, shopping centers, and more. With 4 beds and 1 bath, it offers prime potential for renovation or building a new huge house. Discover the possibilities of this coveted location today. (id:48205)

4 Bedroom 1 Bathroom 1355
For sale
$1,099,000
11508 MCBRIDE DRIVE, surrey, British Columbia

11508 Mcbride Drive

Surrey, British Columbia

AMAZING SIDE SUITE MORTGAGE HELPER!! Private 5 bedroom home with an amazing two bedroom side-suite, on a wide lot backing onto open space backing onto Wellington Creek Ravine (runs through the property) in a park-like setting. A newer metal roof, exterior vinyl siding, windows, and a fence in front and back are among the recent renovations . This charming property is surrounded by magnificent trees and seasonal mountain views and is conveniently located near the sky train, shopping, and Invergarry Park, which has walking and bike trails as well as a major creek running through it. There is ample parking, including RV parking. (id:48205)

4 Bedroom 2 Bathroom 2014
For sale
$1,099,000
7 13328 96 AVENUE, surrey, British Columbia

7 13328 96 Avenue

Surrey, British Columbia

Welcome to Centre 96 & discover the perfect blend of comfort & space in this clean CORNER UNIT Townhome! This home has 4 bedrooms 4 baths, side by side double garage with extra car parking infront of garage. Immaculately maintained 3-level townhome it boasts 3 spacious bedrooms & 2 bathrooms upstairs and main includes a Living, Dining, Kitchen, Family and Powder room. Private Den & bath on lower level or use it as a office. Quartz counter tops, crown moldings, whirlpool stainless appliances. Centrally located and walking distance to transit, School, shopping center, Surrey Memorial Hospital and Sky train station. Only 22 units in the complex. Very open concept. Seeing is believing. No Rental Restrictions. Pets Allowed. Close to all amenities. Call for more info. (id:48205)

3 Bedroom 4 Bathroom 1758
For sale
$1,098,800
71 15850 85 AVENUE, surrey, British Columbia

71 15850 85 Avenue

Surrey, British Columbia

Indulge in contemporary elegance at Village 1 by Dawson + Sawyer located along the future skytrain. This 4-bed, 4-bath 1658 Sq Ft corner unit boasts a spacious open kitchen floor plan with a massive island, perfect for entertaining. Upgrades abound, from gas radiant heating on the patio to custom cabinetry in every closet. Enjoy the custom entertainment system with an electric fireplace and upgraded lighting fixtures. Plus, this unit includes PhEV charging. The master bedroom features an ensuite washroom with his and hers sinks, a luxurious tub, and a standing shower. With top-rated schools like Fleetwood park & Walnut Road, parks, and amenities nearby, this townhouse offers the ultimate blend of luxury and convenience. Schedule a viewing today and experience modern living at its finest! Open House May 11 & May 12 from 12PM to 4PM. (id:48205)

4 Bedroom 4 Bathroom 1696
For sale Open House
$1,098,000
24 7127 193A STREET, surrey, British Columbia

24 7127 193a Street

Surrey, British Columbia

Introducing Elston! Your gateway to luxurious, eco-conscious living! This BUILT GREEN GOLD CERTIFIED community offers more than just a home; it's a statement of modernity and sustainability. Perfectly situated near schools, shopping, transit, and HWY 1, this 4-bed, 4-bath gem redefines convenience. Experience year-round comfort with high-efficiency features like a GAS furnace, Central A/C, and Navian hot water system. From the elegant 9' ceilings to the sleek frameless glass shower, every detail exudes luxury. And let's talk kitchen - outfitted with top-of-the-line Whirlpool appliances, meal prep becomes a joy. With a double garage featuring an EV plug-in, Elston anticipates your every need. Elevate your lifestyle and embrace the future of living at Elston - where sustainability meets sophistication! (id:48205)

4 Bedroom 4 Bathroom 2016
For sale
$1,098,000
12 14955 101A AVENUE, surrey, British Columbia

12 14955 101a Avenue

Surrey, British Columbia

Well maintained like new. Across from central Landmark movie theatre and the well known Guildford Town Centre. Proudly built by reliable MOSAIC. It's unique location and top quality make this lovely home value oriented. One of the two CORNER UNIT in Strata with lots of windows and private lawn area for extra value. 10" ceiling below with open kitchen, living and dining. Main level designed with 3 good sized cozy bedrooms and a bathroom. Top level present a large private Master bedroom with ensuite. Fenced backyard perfect for BBQ in the Summer or have drinks or coffee social around with friends. Showings by appointment. (id:48205)

4 Bedroom 2 Bathroom 1407
For sale Open House
$1,090,000
9 8250 158 STREET, surrey, British Columbia

9 8250 158 Street

Surrey, British Columbia

Absolutely stunning, executive DUPLEX-style townhouse located at popular Montrose in the lovely Fleetwood area. South facing, upstairs features bright & spacious 3 bdrms + den, huge rec room/office in fully finished bsmt could be an additional 4th bdrm with full bath. Functional layout and plenty of cupboards space. Open Concept Living- Spacious floor plan, high ceilings, granite counters, with gleaming hardwood floors on the main floor. Conveniently located with short walks to future skytrain station. Close to Schools, community rec centre, library, golf course and parks. Walking distance to schools: Walnut Elementary & Fleetwood Secondary. Don't miss this rare opportunity! (id:48205)

3 Bedroom 4 Bathroom 2363
For sale
$1,089,000
39 7177 194A AVENUE, surrey, British Columbia

39 7177 194a Avenue

Surrey, British Columbia

Welcome to Aloha Estates! This 3 bedroom End Unit home boasts a large flex space with a full bathroom that can be used as a 4th bedroom or a grand office/ family space. Step into the most unique open floor-plan in the entire complex with ample space for entertaining, gorgeous large windows showcasing lot's of light and extra wide stair-cases with ambient lighting built in. This home has all the upgrades including gas stove, beautiful light fixtures and high quality laminate flooring throughout. This one of a kind home will not last long, come check it out! Open House Sunday May 5, 2-4pm (id:48205)

3 Bedroom 4 Bathroom 1910
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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