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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
$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
For sale
$998,000
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 Open House
$989,900
12 17458 100 AVENUE, surrey, British Columbia

12 17458 100 Avenue

Surrey, British Columbia

Welcome to Headwater, the newest community in Fraser Heights! Headwater consists of 39 townhomes that feature 3 & 4 bedroom + den homes. Headwater is centrally located and is minutes away from Guildford Town Centre. Flanked by Highway 1 in the south and Highway 15 in the east, Headwater townhomes is easily accessible for commuters while being tucked away from the noise and hassle of the city. This 1,588 sqft. 4 bed + den home features a spacious layout with generous 9' ceilings, Samsung stainless steel appliances, durable wide plank flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage and expansive oversized windows that provide natural light. This home also features a side by side double car garage and a fenced backyard. Contact for more information! (id:48205)

4 Bedroom 3 Bathroom 1588
For sale Open House
$989,900
29 17458 100 AVENUE, surrey, British Columbia

29 17458 100 Avenue

Surrey, British Columbia

Welcome to Headwater, the newest community in Fraser Heights! Headwater consists of 39 townhomes that feature 3 & 4 bedroom + den homes. Headwater is centrally located and is minutes away from Guildford Town Centre. Flanked by Highway 1 in the south and Highway 15 in the east, Headwater townhomes is easily accessible for commuters while being tucked away from the noise and hassle of the city. This 1,526 sqft. 4 Bed + den home features a spacious layout with generous 9' ceilings, Samsung Stainless steel appliances, durable wide plank flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage and expansive oversized windows that provide natural light. This home also features a side by side double car garage and a fenced backyard. Contact for more information! (id:48205)

4 Bedroom 3 Bathroom 1526
For sale Open House
$989,000
87 19477 72A AVENUE, surrey, British Columbia

87 19477 72a Avenue

Surrey, British Columbia

SUN AT 72! This end unit townhome offers 4 beds & 2 baths with a bright & open floorplan. A west facing patio with views down the complex into the sunset, perfect for those summer nights. The main floor boasts a custom tiled fireplace feature wall w/ spectacular shelved stone accents! Surrounded by windows, a modern white cabinetry & counter top kitchen with stainless steel appliances, ample dining room space & access to the patio. This home brings sun & light throughout the entire day. Upstairs the primary bedroom fits a king bed, has high vaulted ceilings & 4pc EnSuite w/ heated floors. 2 more bright bedrooms, laundry & 4pc bath. The lower level benefits from a bedroom, fenced yard & SXS double garage w/ truck size driveway. Walk to Maddaugh Elem. & direct bus to Salish (& new skytrain). (id:48205)

4 Bedroom 2 Bathroom 1508
For sale
$989,000
57 7177 194A STREET, surrey, British Columbia

57 7177 194a Street

Surrey, British Columbia

Aloha Estates is your own oasis offering combination of modern design, convenience and luxury. This CHIC corner unit offers privacy and tons of natural light. Open concept functional 3 Beds and flex and 4 baths with high-quality laminate flooring on main and lower levels, big windows, built-in speakers, huge kitchen island, stainless steel appliances with gas range, pot lights throughout, custom feature wall, custom fireplace are some of the highlights of this unit. Other features include Smart home security system including intercom doorbell camera, smart door lock, smart garage control, window/door screens, motion sensors, hot water on demand, natural gas hook up with hose bib on patio and built in-ceiling speakers. (id:48205)

3 Bedroom 4 Bathroom 1910
For sale
$989,000
6 7177 194A STREET, surrey, British Columbia

6 7177 194a Street

Surrey, British Columbia

YOUR SEARCH STOPS HERE !!Welcome to ALOHA ESTATE. Finest Townhouse in Clayton Heights. This well kept townhouse comes with 3 bed + flex room with huge living room, family room and European Inspired Kitchen that comes with dishwasher, engineered stone counter top and gas slide-in range with 5 burner. Just a few minutes away from schools such as Katzie elementary, Hazelgrove elementary and Clayton Heights secondary. With a very short drive to Clayton community center, Willowbrook mall, Real Canadian superstore and EASY access to HWY 1. Did i mention about : the view of mount Baker, Storage space (Garage and laundry area), Customize wall in the Living room , Customize wallpaper in Family Room, Customize storage in the Kitchen, Customized walk in closet master bedroom & turf in the Sundeck. (id:48205)

3 Bedroom 4 Bathroom 1884
For sale Open House
$988,000
1006 16433 WATSON DRIVE, surrey, British Columbia

1006 16433 Watson Drive

Surrey, British Columbia

Fleetwood Rise West by Anthem! 4beds,3baths Corner Unit facing quiet street with beautiful cherry blossom trees. This corner unit features plenty of natural lighting throughout. Spacious living room next to the modern kitchen on the main, 3 beds including south facing bright master room on the top floor, also one bedroom & powder room together with a side-by-side double parking garage on entrance floor. Laminate Flooring, Window Blinds are upgraded throughout the house. Epoxy upgrade, built-in cabinets installed in garage. Great location for parents raising children as it is within walking distance of school and rec centre: close to Fleetwood secondary, Walnut Road Elementary, step to William Watson Elementary, and future sky train station and Surrey Sports & Leisure Complex. (id:48205)

4 Bedroom 3 Bathroom 1546
For sale Open House
$979,900
34 17458 100 AVENUE, surrey, British Columbia

34 17458 100 Avenue

Surrey, British Columbia

Welcome to Headwater, the newest community in Fraser Heights! Headwater consists of 39 townhomes that feature 3 & 4 bedroom + den homes. Headwater is centrally located and is minutes away from Guildford Town Centre. Flanked by Highway 1 in the South and Highway 15 in the east, Headwater townhomes is easily accessible for commuters while being tucked away from the noise and hassle of the city. This 1,568 sqft. 3 bedroom, home features a spacious layout with generous 9' ceilings, Samsung stainless steel appliances, durable wide plank flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage and expansive oversized windows that provide natural light. This home also features a side by side double car garage and a fenced private backyard. Contact for more information! (id:48205)

3 Bedroom 3 Bathroom 1568
For sale
$975,000
6869 195A STREET, surrey, British Columbia

6869 195a Street

Surrey, British Columbia

Welcome to Clayton Rise. Rare 1653sqft Duplex style Townhome. 2story home with 3 spacious bedrooms, 2.5 baths. Walk into your main floor to open concept living. Kitchen with white quartz counters and s/s appliances. Hardwood floor throughout and added storage under the stairs. 2 patios and yard space great for pets, bbq's and entertaining. Complex features a pool, rec center and gym. Side by side double garage. Short drive to Willowbrook mall, grocery stores, restaurants and more. Across from Katzie Elementry. Don't miss out. Call Now! (id:48205)

3 Bedroom 3 Bathroom 1653
For sale
$969,999
9 7332 194A STREET, surrey, British Columbia

9 7332 194a Street

Surrey, British Columbia

Welcome to this stunning 4 bed, 3.5 bath corner unit in the highly sought after Uptown Clayton! This home features a harmonious blend of contemporary elegance and suburban tranquility with over height ceilings, huge windows and a gourmet kitchen with stainless steel appliances and bar seating. The main floor features a spacious living area with fireplace, a separate dining/ lounging area which is ideal for entertaining and your private patio which looks out over the greenbelt. Upstairs you will find 3 large bedrooms which are perfect for a growing family. Downstairs you will find the final bedroom and the entrance out into the fenced back yard. A double car garage rounds this one off to enhance your lifestyle and meet your storage needs. (id:48205)

4 Bedroom 4 Bathroom 1944
For sale
$969,800
136 15778 85 AVENUE, surrey, British Columbia

136 15778 85 Avenue

Surrey, British Columbia

Fleetwood Village 2 by Dawson + Sawyer! Located directly along the new Surrey Langley Skytrain extension. Centrally located walking distance to shopping, restaurants, parks, and schools. View of Mount Baker from the kitchen and balcony. This 3 bed+den features entry closet and den on the garden level. Main floor features open concept living space, large L-shaped kitchen with an island, dining and powder room. Upper level features the primary bedroom that fits a king sized bed, a walk-in closet and ensuite with double vanity and oversized shower, the second and third bedrooms, main bathroom, laundry with linen storage. Double side by side parking garage. Quick possession possible. (id:48205)

3 Bedroom 3 Bathroom 1327
For sale Open House
$969,000
38 16155 82 AVENUE, surrey, British Columbia

38 16155 82 Avenue

Surrey, British Columbia

Welcome to this 2 storey beautiful, spacious, and rare townhome (Detached home feeling) located in the Fleetwood area. It provides you with 4 bedrooms and 2.5 bathrooms. The upper floor has 4 very spacious bedrooms and 2 bathrooms. The main floor offers very cozy living & family rooms, a kitchen connected to an eating area, and a powder room. Great living space for a large or joint family. It has a double side-by-side garage. This townhome is centrally located with all amenities in closest proximity like shopping, recreation facilities, library, schools, and transit. Open Sat Sun 2-4. (id:48205)

4 Bedroom 3 Bathroom 1973
For sale Open House
$959,000
70 6575 192 STREET, surrey, British Columbia

70 6575 192 Street

Surrey, British Columbia

Discover tranquility in Clayton at the ever sought after, Ixia, CORNER UNIT W/ 2 CAR GARAGE that includes 3 bedrooms & 3 bathrooms. Enjoy modern living w/ newer stainless appliances (2018) & updated flooring (2018) in the spacious open kitchen. Entertain effortlessly in the open plan layout, connecting the kitchen to the dining area and a cozy family room. Step outside to a serene patio overlooking a lush green courtyard. Upstairs boasts 3 nice sized bedrooms & 2 bathrooms. Large Primary bedroom has room for all your "stuff" with a generous sized walk-in, 3-pc ensuite and a walkout peaceful deck again, facing the serene green courtyard; perfect for that morning coffee. Lower level floor has large rec room with approved (2018 )3rd bathroom and wet bar & fridge adjoining. perfect for in-law accommodation - inc. walk out ground level patio Conveniently located, just a 5-minute drive from shops, restaurants, top-rated schools, parks, and a community center are all within a 5-minute radius. Be quick on this 1 !! (id:48205)

3 Bedroom 4 Bathroom 1908
For sale
$949,999
44 8383 159 STREET, surrey, British Columbia

44 8383 159 Street

Surrey, British Columbia

Welcome to Your Dream Home! End Unit Town Home with Windows on East, South & North 3 sides allowing all the natural light to shine through.Located in the prime neighbourhood of Fleetwood, this beautiful unit features 3 Bedrooms & 3 Washrooms, Huge Recreation Room with sunny deck off the kitchen, double garage, spacious storage room on side (56 sqft. not included in total finished area). Newer Dishwasher & Blinds installed in Aug 2020. Kitchen updated in 2018 - Newer gas stove, Hood, Fridge, Quartz Countertop & Cabinet Doors. Carpet changed in 2018. Both elementary and secondary schools, within walking distance as well as shopping, transit, library, park & recreation. (id:48205)

3 Bedroom 3 Bathroom 1613
For sale
$949,900
71 19477 72A AVENUE, surrey, British Columbia

71 19477 72a Avenue

Surrey, British Columbia

SUN @ 72 | A triplex-style townhome with an amazing daylight basement perfect for extended family. 4 bed + 3 bath over 1,554 ft2 with double garage + driveway. SOUTH /WEST exposed and sun drenched CORNER unit surrounded by amazing trail systems, parks and SCHOOLS! A bright, entertainers kitchen featuring: SS appliances, quartz counters, large island and separate dining area. Large open concept main floor w/ custom fireplace and 18'6" x 6'8" covered balcony for year round enjoyment. Upstairs: XL primary bedroom w/ spa inspired bathroom. Plus two secondary bedrooms, bathroom and full sized laundry. Large & bright daylight basement with bedroom that just needs a closet, bathroom, fenced yard and separate entrance. (id:48205)

4 Bedroom 3 Bathroom 1554
For sale Open House
$949,900
101 15501 89A AVENUE, surrey, British Columbia

101 15501 89a Avenue

Surrey, British Columbia

Beautiful rancher CORNER UNIT in Avondale! Enjoy the quiet & peaceful environment with only one neighbour. The large yard and GREEN SPACE offer plenty of room to enjoy the outdoors. Family and pet-friendly, or PERFECT for downsizing! The large bay window, new flooring, gas fireplace, built-in wood cabinetry, dining room PLUS eating area, newer stainless appliances, and extra large walk-in shower with glass roller doors are some of the features that make this home TRULY SPECIAL! In addition to the great interior features, there's also an attached DOUBLE GARAGE PLUS TWO DRIVEWAY PARKING SPOTS. RV parking is also available for rent. Avondale owners enjoy access to the clubhouse with a meeting room and library. Don't miss out on this fantastic opportunity, call today to book your showing! (id:48205)

2 Bedroom 2 Bathroom 1483
For sale Open House
$949,900
11 17458 100 AVENUE, surrey, British Columbia

11 17458 100 Avenue

Surrey, British Columbia

Welcome to Headwater, the newest community in Fraser Heights! Headwater consists of 39 townhomes that feature 3 & 4 bedroom + den homes. Headwater is centrally located and is minutes away from Guildford Town Centre. Flanked by Highway 1 in the south and Highway 15 in the east, Headwater Townhomes is easily accessible for commuters while being tucked away from the noise and hassle of the city. This 1,568 sqft. 3 Bedroom home features a spacious layout with generous 9" ceilings, premium stainless steel appliances, durable plank flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage and expansive oversized windows that provide natural light. This home also features a side by side double car garage and a fenced private backyard. Contact for more information! (id:48205)

3 Bedroom 3 Bathroom 1568
For sale
$949,800
410 6470 194 STREET, surrey, British Columbia

410 6470 194 Street

Surrey, British Columbia

LUXURY LIVING IN WATERSTONES TOP FLOOR; 2 LEVEL-LIVING PENTHOUSE! THIS HOME IS A MUST SEE; FEATURING YOUR SPACIOUS 800 SQFT top floor patio w/unobstructed Panoramic views of Mt Baker and city lights! Entertain your guests in your open concept kitchen w/ large island, breakfast bar and 5 S/S appliances incl. your built in BONUS wine fridge, swirled Granite counters throughout and so much more! Unlock your French doors to your generous sized private roof top deck. Lower floor features spacious master w/ 2 closets, 5 pc ensuite and 2nd balcony on the opposite side of the building facing green space. Full four pce bath as well for 2nd Bdrm and heated tile floors in both baths,. 10ft. ceilings, dark laminate flooring, large Foyer and full size W/D. This home will not last long! Call today! (id:48205)

2 Bedroom 3 Bathroom 1326
For sale
$949,000
20 7288 188 STREET, surrey, British Columbia

20 7288 188 Street

Surrey, British Columbia

This 3 BED + 2.5 BATH + ROOFTOP PATIO CORNER UNIT townhome boasts an open floorplan adorned with modern finishes, and a functional kitchen with sleek stainless steel appliances. Step out onto the balcony with BBQ hookup. Upstairs, discover three generously sized bedrooms leading to a sprawling rooftop patio offering panoramic views of the North Shore Mountains. Stay cozy with forced air heating and AC! Includes a convenient side-by-side garage with a driveway that allows for 2 proper parking spots. Clayton Corners provides 12,000 sf of shared indoor & outdoor amenities: clubhouse, playground, gym, guest suites, shops & services. Close to schools, transit, mall, and easy access to highway and future Skytrain. (id:48205)

3 Bedroom 3 Bathroom 1456
For sale
$949,000
12711 115A AVENUE, surrey, British Columbia

12711 115a Avenue

Surrey, British Columbia

Welcome to this beautiful rancher style home in the heart of Bridgeview in Surrey, BC. This south facing home is situated on a flat lot. It is walking distance to public transportation, shopping, schools and recreation nearby. Why buy a townhouse or apartment when you can own a single family home? Do not miss out on this incredible deal! (id:48205)

2 Bedroom 1 Bathroom 679
For sale Open House
$949,000
48 7288 188 STREET, surrey, British Columbia

48 7288 188 Street

Surrey, British Columbia

Spacious CORNER Unit, very clean 3 bedrooms plus Flex, 2 1/2 bathrooms townhouse in fast developing Clayton area. Very convenient location close to schools and shopping. Close to the future Skytrain station. Easy access to Surrey and Vancouver. Modern efficient open floor plan with 9' ceilings and covered balcony on main, Huge Flex downstairs and three bedroom upstairs. Very bright corner unit with additional windows and plenty of natural light. Spacious kitchen with island and modern cabinets, top of the line stainless steel appliances, cultured stone countertops. Gas cooktop, visitor parking,Tiled bathrooms. Great amenities - gym, clubhouse. Side by side two car garage. Very quiet inside location (id:48205)

3 Bedroom 3 Bathroom 1423
For sale
$949,000
43 13499 92 AVENUE, surrey, British Columbia

43 13499 92 Avenue

Surrey, British Columbia

This unique end unit, 3-bed and 2 1/2 baths townhome is situated in a beautifully landscaped garden setting complex. It comes with white picket fences. Once inside, it feels like a detached home with all windows bringing light in. Ground level has laminate flooring and double side by side garage , large living room with gas fireplace, open concept kitchen and dining leads to concrete patio for summer BBQS, Kitchen with granite countertop, stainless steel appliances, recessed lighting, and a floor to ceiling built-in pantry with pull-out shelving especially convenient for heavy items. Upstairs has 3 good sized bedrooms and laundry room. book your showing today (id:48205)

3 Bedroom 3 Bathroom 1516
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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