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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
$1,089,000
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
For sale
$1,089,000
95 15778 85 AVENUE, surrey, British Columbia

95 15778 85 Avenue

Surrey, British Columbia

Fleetwood Village 2 by Dawson + Sawyer! Located directly along the new Surrey Langley skytrain extension. Conveniently located walking distance to shopping, restaurants, parks, and schools. This 4 bed 4 bath home features Sunken living room stepping up to your Center kitchen with unobstructed island with dining room & powder on the main complete the living level. Master bedroom large enough for a king sized bed, walk through closets and private ensuite featuring a double vanity & oversized shower. 2nd & 3rd bedrooms w/ laundry & linen closet on the upper level. 4 bed with full bath on the garden level fenced & fenced & gated front yard. 2 car parkings side by side double garage. (id:48205)

4 Bedroom 4 Bathroom 1545
For sale
$1,069,000
32 12585 104A AVENUE, surrey, British Columbia

32 12585 104a Avenue

Surrey, British Columbia

Welcome to Yale Gardens, a recently developed community in North Surrey. This corner three-level, 4-bedroom, 3.5-bathroom residence showcases a modern open-concept layout with upscale finishes. This home features stainless steel appliances, gas ranges, quartz countertops, custom millwork, and energy-efficient heating & air conditioning. A separate entry suite offers flexibility and the potential for rental income. Strategically located near restaurants, grocery stores, parks, schools, Scott Road, Surrey Central Station, Patullo Bridge, SFU Surrey, the proposed UBC Campus, and Guilford Mall. Take advantage of the courtyard, playground, recreation room and gym amenities. Don't overlook this exclusive opportunity to be part of Downtown Surrey. Please contact for further details. (id:48205)

4 Bedroom 4 Bathroom 2469
For sale Open House
$1,059,999
14 9762 182A STREET, surrey, British Columbia

14 9762 182a Street

Surrey, British Columbia

Final Phase! 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 1746
For sale
$1,050,000
31 16511 WATSON DRIVE, surrey, British Columbia

31 16511 Watson Drive

Surrey, British Columbia

Fantastic chance to own this stunning, centrally located 3-bedroom + den, 2.5 bath townhouse in Fleetwood with a bright living area and a modern open layout. The Gourmet kitchen has SS appliances, gas stove, quartz countertops & a walk-in pantry. Over 650 sq.ft. private rooftop deck, laminate flooring and a double side-by-side car garage. Walking distance to shopping, parks & schools. Right next to the Fraser Highway & close to the future skytrain station. This is good for your family and also a great investment. Must see to appreciate. Get in touch! (id:48205)

3 Bedroom 3 Bathroom 1549
For sale Open House
$1,050,000
12 19501 74 AVENUE, surrey, British Columbia

12 19501 74 Avenue

Surrey, British Columbia

New England-inspired 3BR 3BTH Clayton end-unit. Exuding style & convenience, this 3yr old residence welcomes you with luxurious in-floor radiant heating, hot water on demand & a/c for year-round comfort. The stunning, gourmet kitchen features sleek stainless steel appliances, modern shaker-style cabinets & crisp quartz counters w/ a generous breakfast bar overlooking an elegant dining area. Laundry is conveniently found alongside spacious, naturally well-lit bedrooms & well-appointed bathrooms. The expansive, fully fenced backyard with gas hookup is accessed through a sizable flex room below that easily converts to suit your needs. With a side-by-side double garage, Onyx is fabulously located steps to Maddaugh Elementary, bus stops, grocery stores & minutes to Willowbrook Shopping & Hwy 1. (id:48205)

3 Bedroom 3 Bathroom 1848
For sale Open House
$1,049,900
12 19480 66 AVENUE, surrey, British Columbia

12 19480 66 Avenue

Surrey, British Columbia

Two Blue II - End unit with huge wrap-around deck! This bright & spacious 2027 sqft townhouse offers laminate flooring throughout with oversized windows letting in an abundance of light and many more updates! Open layout kitchen and adjoining dining area with door to back patio/yard. Separate family room with cozy fireplace for entertaining or simply relaxing. Other features include 9' ceilings plus a roomy Master Suite with large walk in closet and elegant ensuite complete with oversized shower & twin sinks. Spacious Rec Room (4th Bdrm) & bathroom on lower level plus room for 2 cars and lots of storage space in the double side by side garage. This sought after Clayton location is close to schools, transit, parks & Langley shopping. Don't hesitate on this beauty! OPEN HOUSE 1-3PM APRIL 21 (id:48205)

4 Bedroom 3 Bathroom 2027
For sale
$1,049,000
35 12585 104A AVENUE, surrey, British Columbia

35 12585 104a Avenue

Surrey, British Columbia

Welcome to Yale Gardens, a recently developed community in North Surrey. This three-level, 4-bedroom, 3.5 bathroom residence showcases a modern open-concept layout with upscale finishes. This home features stainless steel appliances, gas ranges, quartz countertops, custom millwork, and energy-efficient heating & air conditioning. A separate entry suite offers flexibility and the potential for rental income. Strategically located near restaurants, grocery stores, parks, schools, Scott Road, Surrey Central Station, Pattullo Bridge, SFU Surrey, the proposed UBC Campus, and Guildford Mall. Take advantage of the courtyard, playground, recreation room and gym amenities. Don't overlook this exclusive opportunity to be part of Downtown Surrey. Please contact for further details! (id:48205)

4 Bedroom 4 Bathroom 1925
For sale
$1,049,000
47 6895 188 STREET, surrey, British Columbia

47 6895 188 Street

Surrey, British Columbia

Spacious over 1800 sf END unit 3 Bed 4 Bath Townhouse in the heart of Clayton BELLA VITA Complex.3 large bedrooms upstairs with a ensuite in the Master bedroom.Walkin closet.Additional bathroom for the family.BONUS 4th bedroom or large recreation room downstairs with its own ensuite.Laundry pair just off the master bedroom.Extra closet for linen and things.Large dining and living room area.Laminate flooring,9'ceilings and extra windows throughout.Kitchen Island in a large kitchen with separate eating area.Backyard entrance through the kitchen.Perfect for the family and pets.Large patio with sliding doors off the living room.Side by side Double garage.Centrally located in Clayton Village steps away from schools,shopping,amenities,dog parks and transportation.Rentals allowed.Pet friendly. Visitors parking steps away from the Unit. (id:48205)

3 Bedroom 4 Bathroom 1820
For sale
$1,049,000
82 19250 65 AVENUE, surrey, British Columbia

82 19250 65 Avenue

Surrey, British Columbia

Discover this spacious 3-bed, 3-bath townhome nestled in Clayton's sought-after locale. With 1877 sqft, it's a gem featuring a fully renovated kitchen, generous living and dining areas, plus a convenient powder room on the main floor. Enjoy the expansive master suite with a luxurious en-suite boasting a soaker tub and double sinks. The basement hosts a versatile bonus room, perfect for a home office or man cave. Appreciate the convenience of a double side-by-side garage and driveway for 2 additional vehicles. Step out onto the charming covered deck from the kitchen, adding more space for relaxation or entertaining. Positioned as an end unit, relish the added privacy and light. This home offers convenience, comfort, and ample living space in a fantastic neighborhood. Call now! (id:48205)

3 Bedroom 3 Bathroom 1877
For sale Open House
$1,039,900
53 17557 100 AVENUE, surrey, British Columbia

53 17557 100 Avenue

Surrey, British Columbia

Welcome to Fraser Hill, a collection of modern farm house inspired design townhomes in a family oriented complex built by award winning Park Ridge Homes. No GST, almost new, bright and spacious well planned layout with a formal living room for family's comfort. Comes with Stainless Steel appliances, Quartz countertops, a pantry, 5 - burner gas stove. 3 bedrooms up with a spacious Primary bedroom with vaulted ceiling & 4th bedroom down with an ensuite. Access your garage with no one driving through except your neighbor. A 2-Storey club house with a kitchen/dining area, rooms for exercises, yoga, ping pong & private meetings - all for healthy living & entertainment. Close to schools - Fraser Wood Elem, Fraser Heights Sec & Pacific Academy Private School. All measurements are approximate. (id:48205)

4 Bedroom 4 Bathroom 1918
For sale Open House
$1,034,888
42 9652 162A STREET, surrey, British Columbia

42 9652 162a Street

Surrey, British Columbia

Welcome to Westwood; 4 BDRM, 3.5 BATH SIDE BY SIDE GARAGE HOME W/GAS HEATING, AIR CONDITIONING & CONTINUOUS Navien HOT WATER on demand, SYSTEM. a contemporary community immersed in nature. Conveniently loc. close to transit, schools, shopping, EZ freeway access & 640 acre Typehead Park with many walking/biking trails & educational salmon hatchery. Many custom Feat. incl. Premium Samsung Appl. pkge; GAS stove, Ice/water fridge, solid wood, soft close, cabinetry, chef inspired kitchens, painted ceilings, custom light fixtures, fireplace w/mantle, B-B-Que outlet on patio, fully fin. garage w/EV charger R/I charger. Primary BDRM; accom a king size bed; 2 sinks; ensuite. Fantastic Fleetwood location, call today. (id:48205)

4 Bedroom 4 Bathroom 1640
For sale
$1,029,900
7 7848 170 STREET, surrey, British Columbia

7 7848 170 Street

Surrey, British Columbia

Welcome to your new, rarely available home in the "VANTAGE BY VESTA" complex. This former SHOWHOME is within close proximity to the Surrey Golf Course, making it a highly desired location. The main floor features a beautiful chef's kitchen with granite countertops, huge windows, a large deck and a cozy living area. The ground level has a walk out patio with natural gas hookup and a media room. The home is close to Surrey Sports & Leisure Complex, Fleetwood Park Sec & William Watson Elem. school catchment. There is also easy access to transportation and future Skytrain. Call today to book your visit! (id:48205)

3 Bedroom 3 Bathroom 1844
For sale
$1,029,000
111 9688 162A STREET, surrey, British Columbia

111 9688 162a Street

Surrey, British Columbia

CANOPY at Tynehead Park. This Corner 3 BED / 3 BATH / 1521 sq. ft town home features open floor plan, s/s appliances , laminate floors, quartz counter tops, large outdoor balcony, and a main powder room. Bright large windows provide plenty of daylight. Spacious master with luxurious ensuite and glassed-in shower, double sinks and built-in cabinets in walk in closet. Mountain views from the master bedroom window,. On demand hot water !! Oversized double side by side garage, fenced yard, and clubhouse with gym, plenty of trails to enjoy nature daily. Walking distance to transit, schools, Tynehead Park, recreation and more! Easy access to highway. School Catchment is Serpentine Heights Elementary and North Surrey Secondary! (id:48205)

3 Bedroom 3 Bathroom 1512
For sale
$1,028,888
170 9718 161A STREET, surrey, British Columbia

170 9718 161a Street

Surrey, British Columbia

Welcome to your new home at Canopy on Tynehead Park. This one-of-a-kind development is centrally located in Surrey's Fleetwood neighborhood and is just minutes away from Hwy 1, Hwy 17 & Hwy 15. At 260 hectares, Tynehead is one of Surrey's largest parks and you are just a few steps away from accessing multiple trails, picnic areas, fishing, dog parks and more. This spacious 3 bed & 2.5 bath townhome features S/S appliances, gas range, 9ft ceilings and has been upgraded with a built-in security system and central vac. Enjoy hosting friends and family on your extra large balcony fully equipped with a natural gas hook up to bbq all year round. Front entrance is fully fenced with a nice garden area and conveniently faces the complex's amenity space with unobstructed views. Don't miss out! (id:48205)

3 Bedroom 3 Bathroom 1482
For sale
$1,028,000
8 9652 162A STREET, surrey, British Columbia

8 9652 162a Street

Surrey, British Columbia

Discover Westwood at Tynehead - Your Entryway to Tranquil Living! This spacious 4-bedroom, 3.5-bathroom townhome complete with a double side-by-side garage provides an ideal retreat amidst nature's embrace. Strategically situated in close proximity to schools, public transportation, shopping hubs, and freeway entrances, and merely moments away from the awe-inspiring 6-acre Tynehead Regional Park. Revel in the luxury of gas heating, instant hot water, and a chic European-inspired kitchen boasting a sizable island, pantry, and top-of-the-line Samsung appliances. Tailored for individuals in pursuit of a pristine residence paired with unbeatable convenience. (id:48205)

4 Bedroom 4 Bathroom 1640
For sale Open House
$999,999
5 18833 70TH AVENUE, surrey, British Columbia

5 18833 70th Avenue

Surrey, British Columbia

Welcome to Avery Living! Great location. Thoughtfully designed and build townhomes in the heart of Clayton. 3 bedrooms plus den (11 foot ceilings in select bedrooms), 3 bathrooms (2 full + one 2 piece), and a double car garage. Key features include: forced air heating, Navian on demand hot water tank, air conditioning, samsung stainless steel appliances with natural gas stove. Conveniently located to all amenities such as shopping, parks, schools, future skytrain, clayton dog park, and the new Clayton Community Centre. (id:48205)

3 Bedroom 3 Bathroom 1456
For sale Open House
$999,900
38 17557 100 AVENUE, surrey, British Columbia

38 17557 100 Avenue

Surrey, British Columbia

Welcome to Fraser Hill, by Park Ridge Homes, an exclusive collection of 77, 4 Bed, 3 1/2 Bath Modern Farmhouse style townhomes nestled amongst mature trees in Fraser Heights one of Surrey's most coveted and established neighborhoods. These unparalleled homes feature an open layout with O/S windows, side x side garages, gas range/BBQ hookup, on demand H/W, high efficiency furnaces & optional A/C. Finishes include white shaker cabinets & quartz countertops, large decks, spacious master w/vaulted ceiling & spa-like ensuite plus many more special touches throughout! Walking distance to the Pacific Academy plus public schools nearby. Quick access to the highway for a short commute to downtown Vancouver and to get you to your favorite places. book your showing now! OPEN HOUSE MAY 12 10am - 12pm! (id:48205)

4 Bedroom 4 Bathroom 1966
For sale
$999,900
16 15778 85 AVENUE, surrey, British Columbia

16 15778 85 Avenue

Surrey, British Columbia

Vacant Like New - Dawsons Fleetwood Village - A quick walk to future SkyTrain. 4 bedrooms, 4 bathrooms. Built in AC. Double side by side garage has an entrance door for easy access. Quiet part of complex at the end. Vacant. Does not face another unit so has more light and openess as it faces a greenbelt full bathroom in basement bedroom Easy to view. immediate possession.VACANT (id:48205)

4 Bedroom 4 Bathroom 1545
For sale Open House
$999,900
2 19483 74 AVENUE, surrey, British Columbia

2 19483 74 Avenue

Surrey, British Columbia

Welcome to Onyx! Setting the standard for quality in Clayton Heights. Stunning 3-bed, 3-bath townhome in Clayton is a dream come true. Bottom floor family room or optional 4th bedroom, offers versatile living space. Enjoy double side-by-side garade, the open concept layout, hot water on demand, radiant in-floor heating, and a gas range in the modern kitchen with quartz counters and a pantry. Stainless steel appliances, a cozy fireplace, ample storage, and generous bedrooms. Located in a quiet, family-oriented neighbourhood with easy access to shopping, restaurants, and highways. This unit boasts upgrades throughout like Air conditioner, pot lights, EV plug, + BONUS: Enjoy your time in the fully fenced backyard looking at the park! Too much to list! This one wont last long! (id:48205)

3 Bedroom 3 Bathroom 1897
For sale
$999,000
12836 115B AVENUE, surrey, British Columbia

12836 115b Avenue

Surrey, British Columbia

Detached house with potential for mortgage helper or in-law suite at at entry-level price point! Bring your tools and creativity to this excellent opportunity to build sweat-equity and get into the market or build your property portfolio. South-exposed yard, walking distance to parks and schools, and quickly accessible to commutes in all directions, amenities and transit! Court-ordered sale. (id:48205)

3 Bedroom 2 Bathroom 1850
For sale
$999,000
34 15487 99A AVENUE, surrey, British Columbia

34 15487 99a Avenue

Surrey, British Columbia

Welcome to The Great one by Dawson and sawyer ,4 bedroom and 4 bathroom located to the heart of Guildford area. Open Concept main level with 9 foot ceiling great for family and entertaining, Huge kitchen with big island table and stainless appliances, quartz countertop, laminated flooring on main floor and below, A few minute walk to T&T, Walmart, Guildford Mall, Restaurants, ICBC, Banks, Recreation center; Close and easy access to Highway 1 (id:48205)

4 Bedroom 4 Bathroom 1678
For sale
$999,000
14912 88A AVENUE, surrey, British Columbia

14912 88a Avenue

Surrey, British Columbia

'**1/2 Duplex in an amazing location!*** Five minutes to Guildford Mall Town Centre, shopping transportation. Add this great property to your portfolio or move in and make it your own! Call to make your appointment to see this one before it gets snapped up! (id:48205)

4 Bedroom 2 Bathroom 1931
For sale
$998,900
45 10488 124 STREET, surrey, British Columbia

45 10488 124 Street

Surrey, British Columbia

Eaton Square- located in one of North Surrey's most desirable neighborhoods. With luxury high end finishes throughout, this 4 bedroom and 4 washroom is ready for a new family. Features include: 9 ft ceilings, high end stainless steel appliances, quartz countertops, a large island perfect for family gatherings. Laminate flooring, central heating and AC. The entire main floor comes with an open concept floor plan and in addition, a balcony and backyard patio. Total 2,173 sf with double garage & optional Wifi Access App, visitor parking and street parking. Close to bus/skytrain/park & ride, easy access to highways, in an ideal location and all amenities nearby. School catchments include: Khalsa school, Prince Charles Elementary, and L.A Matheson Secondary. Book you showing today! (id:48205)

4 Bedroom 4 Bathroom 1741
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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