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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 Open House
$948,888
49 15850 85 AVENUE, surrey, British Columbia

49 15850 85 Avenue

Surrey, British Columbia

Welcome to Fleetwood Village by Dawson and Sawyer. This 4-bedroom, 3-bathroom townhome boasts an open floorplan with a double FULL size garage (EV Charger included). Conveniently located, just steps to shopping, schools, library and future Skytrain station. Features include an open floor plan, 9-foot ceilings, gorgeous gourmet corner kitchen with massive quartz center island, s/s appliances, and a 2 piece powder on the main. Three large bedrooms up with 2 full bathrooms, a half bathroom on the main, and a fourth bedroom on the lower level. Located on the quiet side of the complex away from 85th Ave. Do not miss this opportunity to call this home yours. Will not last long! (id:48205)

4 Bedroom 3 Bathroom 1398
For sale
$945,000
17 19219 67 AVENUE, surrey, British Columbia

17 19219 67 Avenue

Surrey, British Columbia

THE BALMORAL - 4 bedroom end unit with side by side double garage. Bright, spacious open plan with Maple kitchen cabinets and granite counter tops, stainless steel appliances, fridge with ice maker and gas stove. Main floor features convenient decks off kitchen and living room as well as a 2 piece bathroom. Upper floor has 3 bedrooms with 2 full bathrooms and laundry. Lower floor has another bedroom with a 2 piece bath also. Located close to Starr Park and very handy to all of Clayton and Willoughby amenities. OPEN HOUSE SATURDAY MAY 11 - 2:00 TO 4:00 PM. (id:48205)

4 Bedroom 4 Bathroom 1863
For sale Open House
$943,750
6 7056 192 STREET, surrey, British Columbia

6 7056 192 Street

Surrey, British Columbia

Welcome to BOXWOOD : A boutique community of just 23 homes located in East Clayton. Fully loaded with quartz countertops, high end Samsung appliances, security system with cameras, built-in speakers for surround, built in vacuum, crown moulding, double Side by Side garage; this unit is perfect for growing families or First Time Home buyers. In addition to Smart layouts that are practical for family life, This home has 4 bedrooms, one of them on the below level great for a home office, play room or for guests. Enjoy 2 full bathrooms upstairs with a powder room on both other levels. Living room level features 9ft ceilings, a kitchen that is sure to impress with ample storage with a large pantry. Conveniently located close to elementary schools, daycares, shopping and transit. (id:48205)

4 Bedroom 4 Bathroom 1781
For sale
$939,900
122 15988 83 AVENUE, surrey, British Columbia

122 15988 83 Avenue

Surrey, British Columbia

Glenridge estates one of Fleetwood's most premium townhome complexes. Pets allowed, 3 bedrooms and 2.5 bathrooms. Two levels, main floor living room with gas fireplace and large dining room. Bright and spacious kitchen/Family room with eating area. Sliding door leading to western exposed private patio. Upstairs with 3 large bedrooms, primary suite with 4 piece ensuite and walk in closet. All this and more close to both levels of schools, shopping center, and future skytrain station. (id:48205)

3 Bedroom 3 Bathroom 1963
For sale
$939,900
57 9652 162A STREET, surrey, British Columbia

57 9652 162a Street

Surrey, British Columbia

Welcome to Westwood at Tynehead, a contemporary townhome community immersed in nature. This space is 3 Bedroom. 2.5 bath home is conveniently located near schools, transit, shopping & easy freeway access, directly adjacent to the beautiful 640 acre Tynehead Park. The perfect blend of town & country. Outstanding features include efficient gas, forced air heating & hot water on demand. European inspired kitchens w/ soft close cabinets & engineered stone counters, UPGRADED SAMSUNG appliances include 5 Burner GAS stove, ICE & WATER fridge. Master Bedroom with Walk-in closet & 2 sinks in ensuite. Flat painted ceilings, recessed pot lighting, GAS B-B-QUE hook-up & much more! Proudly being offered by Vesterra Properties, backed by WBI Warranty for peace of mind. OPEN HOUSE SUN. FEB. 25 12PM-2PM. FULL COOPERATION :) (id:48205)

3 Bedroom 3 Bathroom 1393
For sale Open House
$939,000
14 7056 192 STREET, surrey, British Columbia

14 7056 192 Street

Surrey, British Columbia

Welcome to this beautiful almost new townhome with 4 bedrooms and 3 bathrooms, still under warranty. This unit has a huge living room, a dining room, and a beautifully designed kitchen with stainless steel high end Samsung appliances, designer cabinets, Quartz countertops, and a large island! Bonus Pantry! Additional features include built in surround sound system, security system, built in vac, and S/S double garage. The master bedroom has a walk-in closet and an ensuite bathroom. School catchment, Maddaugh Elementary and Ecole Salish Secondary. With a short drive to the Community Centre, Malls, Grocery, Golf courses, Parks, Restaurants, all your shopping needs. Direct access to highway 1. Open House Sun, 2-4PM, April 28 (id:48205)

4 Bedroom 3 Bathroom 1673
For sale
$939,000
12728 113A AVENUE, surrey, British Columbia

12728 113a Avenue

Surrey, British Columbia

THE FUTURE IS HERE! AMAZING LOCATION - Only a 10 Minute Walk to Scott Road Skytrain! HOLD & enjoy or BUILD a new 2 or 3-Storey home. This 3-bedroom rancher sits on a south exposed, 5002 s/f lot & features a newer roof, furnace & hot water tank plus 3 generous sized bedrooms, making living or renting easy while you plan a future build. BONUS SIDE LANE offers green space & may allow access for a rear shop/garage. Lots of new homes on this street & fast growing community. Conveniently located to Hwy 17, King George Hwy & NEW Patullo Bridge, making commuting a breeze - OR - FORGET THE CAR!!! Skytrain, public transit, eateries, Community Centre, Central Surrey Brewing & the fantastic, new North Surrey Sport & Ice Complex + Fitness Centre are all an easy, level walk. Call to view! (id:48205)

3 Bedroom 1 Bathroom 868
For sale
$934,000
51 9652 162A STREET, surrey, British Columbia

51 9652 162a Street

Surrey, British Columbia

Practically New, but without the GST: Bright and Spacious 3 BDRM 2.5 BATH South facing entry Townhome with Energy efficient GAS heating, unlimited hot water Navien on demand. Welcome to Westwood at Tynehead Park; a contemporary community immersed in nature. Conveniently location, close to transit, schools, shopping, easy freeway access & 640 acre Tynehead Park with many walking/biking trails & educational salmon hatchery. Many custom features incl. Premium Samsung Appl. package; GAS stove, ice/water fridge, solid wood soft closing cabinetry, chef inspired kitchens, flat painted ceilings, custom light fixtures, fireplace w/mantle, BBQ outlet on patio, fully finished garage w/EV charger, epoxy flooring. Still under 2-5-10 years warranty. Pet and rental friendly. Do not miss, come view today! (id:48205)

3 Bedroom 3 Bathroom 1393
For sale
$929,000
12359 OLD YALE ROAD, surrey, British Columbia

12359 Old Yale Road

Surrey, British Columbia

INVESTMENT ALERT!! Great holding property, listed below 300k BC Assessment, huge opportunity for 1st time home buyer's looking for a fresh start. Nice 2 levels of cozy living offers 3 bed and 1 bath. Call your Agent to book a viewing. (id:48205)

3 Bedroom 1 Bathroom 1874
For sale Open House
$925,000
2 8567 164 STREET, surrey, British Columbia

2 8567 164 Street

Surrey, British Columbia

Step into this enchanting home where modern charm meets timeless elegance. The living room welcomes you with its soaring vaulted ceiling, captivating stacked stone gas fireplace, and ample natural light. The kitchen is a chef's dream, boasting Italian marble floors, updated appliances, pristine cabinetry with roll-out drawers, and luxurious granite countertops. The versatile dining room offers endless possibilities, doubling as an office, den, or third bedroom. Retreat to the serene master bedroom with its spacious walk-in closet illuminated by a window, offering the perfect sanctuary. Don't miss the chance to make this exceptional residence your own. Experience the magic firsthand - your new family home awaits! (id:48205)

3 Bedroom 3 Bathroom 1735
For sale Open House
$921,000
34 8888 151 STREET, surrey, British Columbia

34 8888 151 Street

Surrey, British Columbia

Welcome to the sought after Carlingwood complex. Lets talk Location! This 4 bedroom 3 full bathrooms townhome is steps away from shops, grocery stores, restaurants, cafes, recreational facilities, a golf course, public transit and the future sky train station. Features a warm cozy gas fireplace, balcony for your BBQs and Club house for your gatherings. Contact me for your private showing before its gone. (id:48205)

4 Bedroom 3 Bathroom 1609
For sale
$919,000
5 8137 164 STREET, surrey, British Columbia

5 8137 164 Street

Surrey, British Columbia

Fleetwood Living is a new community of townhomes - 3 Bedroom + 3 Bath, beautiful open concept unit with high-end appliances and modern finishes throughout that are sure to impress. Located in a quiet and peaceful neighbourhood, this townhome is within walking distance to both Walnut Road Elementary and Fleetwood Park High School, making it a perfect home for families with children. In addition, this prime location offers easy access to public transit, with a new Skytrain station coming soon. You will love the convenience of having all the shopping, dining, and grocery stores near by. Call Now! (id:48205)

3 Bedroom 3 Bathroom 1358
For sale Open House
$899,999
40 6785 193 STREET, surrey, British Columbia

40 6785 193 Street

Surrey, British Columbia

Welcome to Madrona in Clayton! This 2070 sqft inside unit boasts 3 bedrooms plus a spacious flex space. Enjoy a covered deck off the living area and a separate patio with gas hook up off the kitchen. Updates include new flooring, paint, blinds, and baseboards, along with a stunning rock fireplace. With a double garage and extra parking, convenience is key. Original owners have meticulously maintained this home. Close to the new SkyTrain and amenities. Book your viewing today! Open House Saturday May 11th & Sunday May 12th 2 - 4pm. (id:48205)

3 Bedroom 3 Bathroom 2070
For sale
$899,900
27 9168 FLEETWOOD WAY, surrey, British Columbia

27 9168 Fleetwood Way

Surrey, British Columbia

Lovely updated end unit at THE FOUNTAINS. This spacious 3 bdrm, 2 1/2 bath, 2 storey duplex style townhome features a convenient MASTER BEDROOM ON THE MAIN FLOOR with a huge walk-in hotel style shower. Updates incl new flooring throughout, new bathroom fixtures, new finish work, gas stove, gas f/p, s/s appliances, 2" blinds and window coverings, nat gas BBQ outlet, central A/C, paint, lighting & more. Tons of windows and natural light. The kitchen has new cabinets and counters with an adjacent eating area. 2 large bdrms up. Storage closet upstairs plus a full 4 ft. high crawl space. DOUBLE GARAGE with plenty of guest parking, plus addl street parking behind unit. Very quiet unit and private patio, all in a secure gated community. close to skytrain, schools, and shopping. (id:48205)

3 Bedroom 3 Bathroom 1778
For sale
$899,900
105 10333 133 STREET, surrey, British Columbia

105 10333 133 Street

Surrey, British Columbia

Assignment. VERY MOTIVATED SELLER. In Surrey central, a 2-bedroom + den, 3-bathroom urban oasis awaits. Walking distance to attractions like the skytrain, UBC, SFU, and Surrey Central shopping. High-end finishes, a gourmet kitchen, 2 parking spots with storage locker and luxurious bathrooms with Central AC installed complete this exceptional property. Make it yours and elevate your lifestyle! Very Motivated Seller, try your offers! (id:48205)

2 Bedroom 3 Bathroom 1144
For sale
$899,900
24 9688 162A STREET, surrey, British Columbia

24 9688 162a Street

Surrey, British Columbia

Built by Qualico, Streetside now available in this well managed, problem-free townhome complex call Canopy is this unique 3 bedroom 3 bathroom townhome. This is very different from all the units you have seen as this unit has 2 feet more space on the south side and being a corner unit, you get lots of extra windows for that natural light. This unit has a half bathroom on the main floor with an oversize balcony where you can see a glimpse of the 400 acre of Tynehead Park. Complex is fill with families and kids. Call this beautiful corner unit your home. The Garage is tandem and has ample of space for storage. A unit you will definitely fall in love with after viewing. Please allow 48 hour notice to show and offers as they come. No open house. (id:48205)

3 Bedroom 3 Bathroom 1401
For sale Open House
$899,900
124 9978 151 STREET, surrey, British Columbia

124 9978 151 Street

Surrey, British Columbia

2 level spacious 1674 sq. ft., Bright south exposure duplex style townhome in Spring Grove Estates with very low strata fee. 3 bedroom, 2-1/2 bathrooms, very well maintained two stories home. Main Floor features spacious living room with patio door to private outdoor spaces, formal dining area and separate breakfast nook. Upstairs features Huge master bedroom with spacious ensuite, walk in closet and big balcony. 2 more spacious bedrooms with lot of windows and far from each other for maximum privacy. A single car garage and one additional parking spot right in-front of the unit. HW Tank 2024. Stove has both gas and electric connection. Secure and Gated family oriented complex, within walking distance to Guildford Shopping Mall, restaurants & public transit. Open House April 28 Sunday 3-5 pm (id:48205)

3 Bedroom 3 Bathroom 1674
For sale Open House
$899,888
39 18850 72A AVENUE, surrey, British Columbia

39 18850 72a Avenue

Surrey, British Columbia

BRAND NEW STAND ALONE TOWNHOME UNIT!! GST PAID! Nestled in the highly coveted Clayton Heights area. This home is one of a kind. Featuring redefined luxury with unparalleled build quality, meticulously selected details, and exquisite finishes. Boasting its own private, expansive 365 SQFT patio, an exclusive feature unmatched by any other unit. Enjoy the ultimate in outdoor living and entertainment space, right at your fingertips. Indulge in the luxury of outdoor grilling with the convenient gas hook-up for your BBQ, while the included 2-car parking and bike storage add to the practicality of everyday living. With quick possession possible, you could be calling Orenda home sooner than you think. OPEN HOUSE: MAY 11 2024, 1 - 3PM / MAY 12 2024, 2 - 4PM. (id:48205)

3 Bedroom 3 Bathroom 1970
For sale Open House
$899,000
18 16016 82 AVENUE, surrey, British Columbia

18 16016 82 Avenue

Surrey, British Columbia

Welcome to your charming Home in Fleetwood! This immaculate 3-bedroom, 3-bathroom townhouse offers a perfect blend of modern comfort and convenient location. Step inside to discover all-new flooring and paint, complemented by brand-new appliances and smart thermostats for effortless living. Enjoy the serenity of tastefully landscaped front and back yard, creating a private retreat for relaxation or entertaining. Within walking distance, you'll find esteemed elementary and secondary schools. Discover the joys of nearby amenities including parks, an aquatic center, library, and shopping. For active lifestyles, the community features a clubhouse, playgrounds, and basketball court. Experience the convenience of a well-run strata. Sound Deadening concrete layer between floors. Offering the perks of a detached home in a Town House. Open House Saturday and Sunday 2 to 4 PM.( 11 &12 May 2024) (id:48205)

3 Bedroom 3 Bathroom 1590
For sale Open House
$899,000
12698 113A AVENUE, surrey, British Columbia

12698 113a Avenue

Surrey, British Columbia

OPPORTUITY ALERT! HOLD & enjoy this family home with valuable land for the price of a townhouse or BUILD a new one. This cozy 3-bedroom rancher sits on a flat South exposed 5002 sqft. lot & features a nice layout, new flooring in the living area, new pine baseboards, new bathroom vanity/tilling, some updated siding & 3 generous sized bedrooms. Enjoy your grassy backyard and recreation 2 blocks away at Bridgeview park and community centre. Centrally located close to Hwy 17, King George Hwy, NEW Pattullo Bridge, Scott Rd Skytrain, Home Depot, and the new North Surrey Sport and Ice Complex. Invest in land & build equity in one of the fastest growing cities in Canada. Book your appointment today! Easy to show by appointment or Open House: Friday May 10 5-6:30pm. Saturday/Sunday 2-4pm. (id:48205)

3 Bedroom 1 Bathroom 912
For sale Open House
$899,000
9 14955 101A AVENUE, surrey, British Columbia

9 14955 101a Avenue

Surrey, British Columbia

Nestled just steps away from Guildford Mall, this pristine 3-bedroom, 2-bathroom townhouse is ready to become your home. With a modern and open layout, this extremely well kept townhouse boasts high ceilings, stainless steel appliances, and a fenced backyard, perfect for entertaining or enjoying quiet evenings. The property is conveniently located near to the public transportation and all amenities, including Guildford Mall, schools, libraries, and recreation centers. Don't miss out on this incredible opportunity to live in a fantastic location with everything you need right at your doorstep. Schedule a viewing today and make this townhouse your new home sweet home! Contact us now to learn more and book your tour. (id:48205)

3 Bedroom 2 Bathroom 1310
For sale Open House
$899,000
315 6490 194 STREET, surrey, British Columbia

315 6490 194 Street

Surrey, British Columbia

Welcome to Waterstone Esplanade! This well maintained 2 bed/ 2 bath + DEN features a functional layout, large SE facing wrap-around patio, perfect for soaking up the sun as well as a second S facing patio! No detail was missed from the wood blinds, closet organizers and under-mount lighting to the large soaker tub in the ensuite. Enjoy resort-style amenities including an indoor pool, hot tub, sauna, steam room, theatre, games room, chef's-style kitchen, exercise centre and so much more! Both parking stalls include LARGE (64sq ft / 49sq ft) roller style storage units at the foot of each stall, great for storing a motorcycle. Conveniently located steps away from Willowbrook Mall and upcoming transit line, this condo offers an unbeatable blend of comfort and convenience. Open House Sat 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1225
For sale
$899,000
12693 114A AVENUE, surrey, British Columbia

12693 114a Avenue

Surrey, British Columbia

Absolutely the last chance to buy a City single residential lot at this low price with Great Potential. New Homes are springing up in the area. South facing 50 x 100 = 5000 sq ft. Close to elementary school, Bridgeview Park and community centre facilities. Easy access to Scott Rd Skytrain Station and SFPR Highway 17. (id:48205)

2 Bedroom 720
For sale Open House
$898,000
95 7155 189 STREET, surrey, British Columbia

95 7155 189 Street

Surrey, British Columbia

Welcome to Bacara. This exquisite townhome boasts so much pride of ownership and a great curb appeal. Highlights of this 4 bed / 3 bath home includes expansive living spaces on the main level with plenty of natural light, a chef's kitchen with a large island and ample cabinetry with SS appliances, two decks for entertaining and a 1/2 bath on the main level. Upstairs include 3 generous sized bedrooms with a large primary bed with an ensuite. Downstairs, a 4'th bedroom can be doubled as a home office or a rec room. Bonus: side by side garage offers ample parking for 2 vehicles. Located just steps to the Community Centre and and all major amenities. Inquire today, this will not last! (id:48205)

4 Bedroom 3 Bathroom 1524
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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