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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
$499,000
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 Open House
$499,000
1512 13685 102 AVENUE, surrey, British Columbia

1512 13685 102 Avenue

Surrey, British Columbia

Welcome to Georgetown One by Anthem - 30 story tower built in 2022. This is the first of nine towers of Anthem's master planned community. Walking distance to Surrey Central Skytrain Station, SFU, KPU, future UBC campus, shops, restaurants and more. East facing floorplan with 452 sq ft living area and 125 sq ft covered balcony. L-Shaped kitchen features high-end BOSCH and BLOMBERG appliances, quartz countertops w/ full-height backsplash & modern black matte accents and more! 30,000 sqft of amenities incl. concierge, entertaining lounge, co-work space, outdoor theatre, dog run, fitness center and guest suite. 1 parking and 1 storage included. Open House Saturday July 06 From 12-2. (id:48205)

1 Bedroom 1 Bathroom 453 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
$499,000
301 9865 140 STREET, surrey, British Columbia

301 9865 140 Street

Surrey, British Columbia

Court order sale. 2 bedrooms, 2 baths, gas fireplace, laminate floors, bright living room with plenty of windows. Top corner suite backing to tree area close to all amenities. Bring your decorative ideas. Maintenance fees include basic cable and internet. Court date set (id:48205)

2 Bedroom 2 Bathroom 1001 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
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
$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
For sale
$499,000
2901 13696 100 AVENUE, surrey, British Columbia

2901 13696 100 Avenue

Surrey, British Columbia

Located in the fastest growing, dynamic community in North Surrey, this 1 bed and 1 bath condo boasts 512 sqft of living space. Bright and Airy contemporary interior. Strategically located nearby Holland Park, SFU, Surrey Central City Mall, T&T, Walmart, banks, clinic, restaurants and much more! King George Skytrain Station is just steps away! OPEN HOUSE: Sun, 23 Jun, 2-4pm. (id:48205)

1 Bedroom 1 Bathroom 512 sqft
For sale
$499,000
2306 13685 102 AVENUE, surrey, British Columbia

2306 13685 102 Avenue

Surrey, British Columbia

Location location !!! One of the finest building from Anthem's master community in the heart of rapid growing Surrey City centre. Just minutes walking distance to SFU, KPU, Wal-Mart, T&T, Surrey City Centre Shopping Centre, Cityhall, Library and more! This open Park & Green View. The unit faces East. Well layout 1 bed & 1 bath features luxury European built-in appliances w/ Light wooden engineered floor & quartz countertops. This 1st tower includes massive 30,000 sq.ft of amenities [entertaining lounge w/ a premium outdoor theatre for your private event, co-work/study space, pet park, fitness centre & yoga studio with water dispenser & 2 seperate washrooms and a guest suite Rentals allowed. Pets allowed with restriction. A must see to believe !!! OPEN HOUSE SATURDAY JUNE 22 FROM 2PM TO 4PM (id:48205)

1 Bedroom 1 Bathroom 458 sqft
For sale
$499,000
325 11077 RAVINE ROAD, surrey, British Columbia

325 11077 Ravine Road

Surrey, British Columbia

The Ledgeview condo by Quadra Homes, near Gateway Skytrain Station, combines luxury and convenience. Featuring a modern kitchen with quartz countertops, a gas range, shaker cabinets, and high-end appliances. It's air-conditioned, with triple-glazed windows and high-end finishes. The communal rooftop patio offers stunning mountain views, a playground, and picnic areas. Additional amenities include a gym, party hall, and ground-floor spaces. The living room leads to a West-facing patio, and the unit includes underground parking. With 9-foot ceilings, an oak-toned scheme, heated bathroom tiles, and a wall safe, it's ideal for first-time buyers or investors, thanks to its pet-friendly policy. Its proximity to key locations enhances its appeal. (id:48205)

1 Bedroom 1 Bathroom 519 sqft
For sale
$499,000
402 15848 FRASER HIGHWAY, surrey, British Columbia

402 15848 Fraser Highway

Surrey, British Columbia

INVESTOR INVESTOR INVESTOR.. This JR 2 BED home features a functional & open layout with great location in Fleetwood. Primary bedroom is spacious OVERSIZED windows that flows throughout offering plenty of NATURAL LIGHT, + huge walk-in closet. Bathroom has tons of counterspace with a bathtub/shower combination. The Chef's kitchen has Samsung stainless steel appliances, quartz counter tops, Laundry has upgraded Samsung stackable with storage. Less than 1 year old & NO GST! The building has many amenities like a study room, gym, multi purpose room & kitchen area. Large storage locker. Low Strata ONLY 285.58 that comes with 36,000 SF+ exclusive amenity & a built-in daycare center. 2/5/10 warranty! Walkable to everything @ Fleetwood Town Center & steps to upcoming Skytrain! (id:48205)

2 Bedroom 1 Bathroom 606 sqft
For sale
$499,000
215 9952 149 STREET, surrey, British Columbia

215 9952 149 Street

Surrey, British Columbia

Incredible value in Tall Timbers! Spacious 2-bedroom unit with large balcony and scenic view. Features newer roof, fire system, balcony, and siding. Convenient location near schools, parks, and Guildford Town Centre. Quick access to Port Mann Bridge and Hwy 1. Secure underground parking.The building has a well-maintained contingency fund, ensuring financial stability and ongoing property maintenance. (id:48205)

2 Bedroom 1 Bathroom 877 sqft
For sale
$499,000
514 13789 107A AVENUE, surrey, British Columbia

514 13789 107a Avenue

Surrey, British Columbia

Welcome to Quattro 2! This BEAUTIFUL and SPACIOUS 1 Bed & 1 Bath PENTHOUSE HOME Features 10FT CEILINGS, NEW LAMINATE FLOORING THROUGHOUT, Newer Paint, Granite Counter Tops, Updated Lighting Fixtures, 2 PARKING SPOTS, and a GORGEOUS VIEW from the balcony of the Mountains. Steps away from Skytrain Station, Elementary School, Groceries, Universities and more! The amenities in this lovely building include a huge exercise centre, a playground perfect for kids to play on, and a quiet court yard. 2 PARKING & 1 Locker Included. Perfect for First time buyers, Investors and Down-sizers. Book your appointment today and come appreciate this beautiful home! (id:48205)

1 Bedroom 1 Bathroom 580 sqft
For sale
$499,000
906 13325 102A AVENUE, surrey, British Columbia

906 13325 102a Avenue

Surrey, British Columbia

Welcome to 906 13325 102a Ave V3T 0J5, your urban oasis! This stunning 1 bed, 1 bath CORNER home offers breathtaking MOUNTIAN views. The open-concept living space is flooded with NATURAL LIGHT, featuring a modern kitchen with stainless steel appliances. The spacious bedroom and elegant bathroom provide a serene retreat. Enjoy in-suite laundry, secure parking, and great building amenities. Located near all amenities; Skytrain, shops, restaurants, and parks, this home combines city convenience with natural beauty. (id:48205)

1 Bedroom 1 Bathroom 626 sqft
For sale
$499,000
414 10778 138 STREET, surrey, British Columbia

414 10778 138 Street

Surrey, British Columbia

Welcome to HENDRIX, where exceptional design meets a host of contemporary features. This thoughtfully crafted residence boasts a modern, open-concept layout, featuring expansive living spaces ideal for both entertaining and unwinding. 9 foot ceiling , Laminate flooring , spacious bed room with WI closet and full size W/D . Situated on the fourth floor, this exquisite 1-bedroom, 1-bathroom unit, developed by a reputable builder, is nestled in the rapidly growing City Center community of Surrey. 9 mins walk to Gateway Skytrain Station, SFU campus, hopping centers, parks, City Center amenities, restaurants, and various services. Whether you're a first-time buyer, student, or investor, seize the opportunity to be part of Surrey's future by claiming ownership of this remarkable unit! (id:48205)

1 Bedroom 1 Bathroom 625 sqft
For sale
$499,000
408 13359 OLD YALE ROAD, surrey, British Columbia

408 13359 Old Yale Road

Surrey, British Columbia

Welcome to Holland by Townline, West facing 1 bedroom 1 bath unit, with breathtaking views of mountain, and city. Very functional layout with great amenities like fitness studio, social lounge, meeting room & Study room etc. Great location and easy access to everything, mins walk from skytrain, shopping mall, parks, restaurants and banks. The building is equipped with A/C, ceiling-to-floor windows, and high-end appliances with 1 parking spot & 1 storage locker. Extremely low monthly maintenance fee. (id:48205)

1 Bedroom 1 Bathroom 471 sqft
For sale
$499,000
609 10777 UNIVERSITY DRIVE, surrey, British Columbia

609 10777 University Drive

Surrey, British Columbia

Attention investors and first time buyers! This superb one bed+Den unit with stunning views of mountain and city. Open concept kitchen has quartz counter top and stainless steel appliances. One large bath. Close to sky-train, SFU surrey and central city mall. This unit includes underground parking and locker. (id:48205)

1 Bedroom 1 Bathroom 569
For sale
$498,999
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
$498,888
2707 13696 100 AVENUE, surrey, British Columbia

2707 13696 100 Avenue

Surrey, British Columbia

Experience unrivaled luxury living at Concord, ideally nestled in the coveted west-facing corner. Indulge in a culinary sanctuary featuring exquisite marble kitchen backsplashes and quartz countertops. Your unit boasts convenient parking and not one, but two storage lockers. Immerse yourself in resort-style amenities including tennis court, outdoor pool, golf stimulator, and an upscale party room. Marvel at the awe-inspiring views form the 39th floor. With its prime location, enjoy seamless access to shopping centres, the University, and the Skytrain, ensuring a lifestyle that's both central and connected. **OPEN HOUSE SUNDAY JULY 7TH 1-3PM** (id:48205)

1 Bedroom 1 Bathroom 512 sqft
For sale Open House
$498,000
4402 13495 CENTRAL AVENUE, surrey, British Columbia

4402 13495 Central Avenue

Surrey, British Columbia

Welcome home to 3 Civic Plaza! This building is modern with breathtaking resort style living and stunning .views. The home is on the 44th floor featuring over height ceilings ,full spa-like bathroom, built in closets, stainless steel appliances, contemporary style cabinets with geothermal heating/cooling for a comfortable atmosphere. Location, location, location! You are steps to almost everything. Restaurants, SkyTrain, Library, SFU, Kwantlen, shopping and more! One secured parking stall and one storage locker are included. This home is great for first time home buyers and investors. Call today for your private viewing! OPEN HOUSE Saturday July 6 from 12:00-2:00pm! (id:48205)

1 Bedroom 1 Bathroom 562 sqft
For sale
$498,000
1301 13350 CENTRAL AVENUE, surrey, British Columbia

1301 13350 Central Avenue

Surrey, British Columbia

Welcome to One Central, the heart of North Surrey! This newly constructed one-bedroom unit features a contemporary kitchen with stainless steel appliances seamlessly connecting to a generous living area, complemented by expansive floor-to-ceiling windows that are perfect for entertaining and reveling in breathtaking river or ocean vistas. The bathroom showcases elegant glass doors, quartz countertops, and sleep floating cabinets. At One Central, residents enjoy top-tier amenities including a 24-hou on-sits concierge, a rooftop lounge, and an outdoor terrace on the 44th floor, as well as pool and table tennis facilities. Conveniently situated just a five-minute stroll from Surrey Central Skytrain Station, SFU, and Central City Mall. (id:48205)

1 Bedroom 1 Bathroom 434 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