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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
$890,000
55 7288 188 STREET, surrey, British Columbia

55 7288 188 Street

Surrey, British Columbia

Welcome to the Corners at Clayton Heights Featuring a 3 bed + flex, 2.5 bath townhome w/ a completely open floorplan with modern contemporary finishes, Samsung Stainless steel appliances, gas stove and a generous island, forced air heating with FULL AC rough in! Three good sized bedrooms upstairs and a fourth flex room below. Balcony with BBQ hookup off the kitchen overlooks the visitor parking right in front of the home along with the double car garage side by side. This building comes with 12,000 square feet of shared indoor & outdoor amenity space offering Clubhouse, Playground, Gym, Guest Suites, along with 8,000 sqft of shops & services. Close to all levels of schools, transit, the mall and easy access to Hwy #1. Open house: Sat May 11th & Sun May 12th from 2-4pm. Come join us. (id:48205)

3 Bedroom 3 Bathroom 1456
For sale Open House
$889,888
2201 14881 103A AVENUE, surrey, British Columbia

2201 14881 103a Avenue

Surrey, British Columbia

Absolutely Stunning 270 Degree Mountain Views from this oversized PENTHOUSE in the sky, complete with 2 Balconies!This beautifully new renovated 3 bedrooms 2 bathrooms corner unit Penthouse features an open floorplan with new kitchen cabinets and countertops, new island, new tiles,new stone feature wall, new floors,new bathrooms.The large floor to ceiling windows allow for tons of natural lighting which also lets you take in the breathtaking views of the Mountains and City.The spacious living area is complimented by stone surrounded gas fireplace.The master bedroom is very spacious with a large WALK in closet and a new renovated en-suite.Suite comes with 2 Parking Stalls&Storage Locker.NO PETS, RENTALS ALLOWED.Close to schools, Guildford Mall and min to HWY1.Open House Sun April 21 2-4pm (id:48205)

3 Bedroom 2 Bathroom 1608
For sale Open House
$889,000
3 19433 68 AVENUE, surrey, British Columbia

3 19433 68 Avenue

Surrey, British Columbia

Discover the epitome of modern living in this exquisite 4-bedroom, 3-bathroom residence. Indulge in luxury with a spacious walk-in closet and a serene ensuite bathroom, offering a private retreat within your own home. Versatility meets functionality with a flexible room, perfect for a home office, gym, or playroom. Park with ease in the double garage and relish the outdoor ambiance on the balcony, or have a barbeque day with family at your own private yard. This is more than a home; it's a sanctuary tailored to your every desire. (id:48205)

4 Bedroom 3 Bathroom 1645
For sale Open House
$889,000
42 8567 164 STREET, surrey, British Columbia

42 8567 164 Street

Surrey, British Columbia

Welcome to Monta Rosa, where contemporary living meets unparalleled convenience in a vibrant city. This immaculate home offers a harmonious blend of style, comfort, privacy and security of a gated community. A well designed interior boasting spacious living areas and functional layout that creates a cozy flow between the living, dining, and kitchen areas. The kitchen is a chef's delight with ample storage space, ceramic top stove and cozy casual dining area. The master suite comes complete with a luxurious ensuite bathroom and a huge walk-in closet. Extra incl; a large dining room with windows which can be converted into a 3rd bedroom, new furnace, a huge crawl space etc. The private patio offers a peaceful space to enjoy your morning coffee or host summer BBQs. Call now for a showing! (id:48205)

2 Bedroom 3 Bathroom 1767
For sale
$889,000
62 8638 159 STREET, surrey, British Columbia

62 8638 159 Street

Surrey, British Columbia

A corner lot townhouse in Sagewood Complex, nestled in the heart of Fleetwood Surrey. This gem features 3 bedrooms and 3 baths, providing both comfort and space. Complete upgrade in 2022, ensuring a modern and inviting atmosphere throughout. Just steps away, you'll find all essential amenities, including grocery stores, restaurants, transit options, parks, gyms, and schools. Plus, the anticipation of a future Skytrain station nearby. Don't miss the chance to explore this fantastic property. Schedule a private viewing, feel free to reach out. (id:48205)

3 Bedroom 2 Bathroom 1426
For sale Open House
$888,800
112 9978 151 STREET, surrey, British Columbia

112 9978 151 Street

Surrey, British Columbia

Welcome to #112 Cedar Grove Estates-a rare, south-facing end unit offering main-floor living with lots of sunlight. Recently updated, this home features a modern kitchen with quartz counters and stainless appliances, a cozy living room, family and dining room with a gas fireplace, and three spacious bedrooms upstairs. The primary suite boasts a luxurious ensuite. Low strata fees, a well-maintained complex, and a 2nd parking stall steps from your door make this the ideal home. A few minutes to Guildford Mall, TNT market, Green Timbers Forest, Hawthorne Rotary Park and countless more amenities. Don't wait to make this your new home! OPEN HOUSE MAY 11 2-4pm (id:48205)

3 Bedroom 3 Bathroom 1685
For sale Open House
$885,000
74 6852 193 STREET, surrey, British Columbia

74 6852 193 Street

Surrey, British Columbia

Welcome home to this beautifully maintained bright open plan flooded with natural light! Private end unit with rare triple garage! Double garage with one bay double deep- great for extra car, toys, basement recreation area or workshop! Additional ample street + apron parking! Modern laminate floors, family room off spacious kitchen with eating area, granite counters & 6 recently updated stainless appliances! 3 spacious bedrooms upstairs, luxury ensuite with soaker tub & separate shower. Enjoy your coffee on your covered deck overlooking the fenced yard & flowering shade trees. Clubhouse w/ lounge, kitchen, meeting room & gym. Low strata fees! Stroll the adjacent Katzie Park trails & lake, nearby dog park & to schools. Walk to the future Skytrain station! Close to Willowbrook Mall. A rare opportunity -too good to last! Open House Sat May 4, 2:00 - 4:00 pm. (id:48205)

3 Bedroom 3 Bathroom 1586
For sale Open House
$885,000
1 19180 65 AVENUE, surrey, British Columbia

1 19180 65 Avenue

Surrey, British Columbia

[[[ 4 BED TOWNHOUSE - CLAYTON CLOVERDALE ]]] - Corner Unit 1,650 sq.ft Living Space Plus Garage. ( STILL AVAILABLE ) (id:48205)

4 Bedroom 3 Bathroom 1664
For sale
$884,999
22 19299 64 AVENUE, surrey, British Columbia

22 19299 64 Avenue

Surrey, British Columbia

Welcome to Greenfield Living! Located in the most desirable neighbourhood of South Clayton. This unit has 3 BEDROOMS, 3 BATH plus Den, is over 1300 Sq. ft and to top it off, has a double car garage with additional visitor parking available. The beautifully designed kitchen has stainless steel appliances, wood cabinets, granite countertops and a large island. Walking distance to Langley hub, shops, parks, restaurants, transit, and is nearby Latimer Road Elementary and Clayton Heights Secondary. (id:48205)

3 Bedroom 3 Bathroom 1327
For sale Open House
$879,900
4 7218 188 STREET, surrey, British Columbia

4 7218 188 Street

Surrey, British Columbia

4 bedrooms. Vacant. Near new condition! Move in ready. Side by side garage. EV charger ready! Great appliances package. 4th BDRM on the ground floor. Located 1 km from the future skytrain station! Brand new Clayton Community Centre is across the street. Modern and spacious layout. With 12,000 square feet of shared indoor & outdoor AMENITY space offering CLUBHOUSE, PLAYGROUND, GYM, GUEST SUITES, along with 8,000 Sq. Ft. of shops & services near. Quick possession is possible. (id:48205)

4 Bedroom 3 Bathroom 1470
For sale
$879,900
46 10238 155A STREET, surrey, British Columbia

46 10238 155a Street

Surrey, British Columbia

Great end unit in Chestnut Lane. This spacious one owner home built by Polygon Homes as an upscale complex in the area features 3 bedrooms and 2 full bathrooms upstairs. Main floor has has bright southern kitchen with eating area plus Living, Dining and Family Room areas. Also boasts a side by side double garage. Very handy to schools, parks, major shopping centers and transportation. Enter complex off 156 street in the 10200 block. (id:48205)

3 Bedroom 3 Bathroom 1544
For sale Open House
$879,000
110 16031 82 AVENUE, surrey, British Columbia

110 16031 82 Avenue

Surrey, British Columbia

Extensively renovated 2BR 2BTH Fleetwood end unit townhome. This ground-level rancher-style home boasts stunning upgrades throughout, incl. luxury vinyl plank floors, paint, lighting & switches, privacy blinds, baseboard heaters & thermostats. The completely refreshed kitchen features quartz counters w/ breakfast bar, porcelain tile backsplash, stainless steel appliances w/ a gas range & wall oven, in-pantry coffee station, undermount sink w/ garburator plus glass-accented cabinets w/ in-cabinet lighting. Glass 'barn' doors lead to a spacious dining/living room w/ new gas fireplace next to a peaceful, south-facing yard. Other updates incl. ensuites w/ double vanities, new HWT & a refreshed laundry closet w/ new washer, dryer & counter. Walk to schools, grocery & a future skytrain station. (id:48205)

2 Bedroom 2 Bathroom 1618
For sale
$879,000
53 6852 193 STREET, surrey, British Columbia

53 6852 193 Street

Surrey, British Columbia

Welcome home to Indigo. A superb Townhouse development in the heart of Cloverdale. This Perfectly located unit within the complex, backs onto the courtyard and is adjacent to a 9 acre park with lake & walking trails. Some of the fully renovated Features include 9' ceilings with bright open living and family room, bamboo floors on main, granite countertops w/maple cabinets. Full unit has been painted, new faucets and finishings not a single part of this property that has not been upgraded. 3 generous size bedrooms with a "flex room" downstairs, covered porch and fenced yard. Only one owner occupant gives low wear and tear. Immaculate condition, shows like a showhome. Call to view! (id:48205)

3 Bedroom 3 Bathroom 1476
For sale
$879,000
38 9405 121 STREET, surrey, British Columbia

38 9405 121 Street

Surrey, British Columbia

Very well maintained 3 bed & 3 Bath townhome features spacious nice layouts featuring Gourmet Kitchen, Stainless Steel Appliances, and Quartz Countertops, Powder Room on Main, Quiet fenced backyard with lots of Privacy. Central Location, Short walking distance to transit, schools, and Strip Mall. Not to be missed! (id:48205)

3 Bedroom 3 Bathroom 1475
For sale Open House
$878,000
13 15340 GUILDFORD DRIVE, surrey, British Columbia

13 15340 Guildford Drive

Surrey, British Columbia

Guildford the Great by Dawson & Sawyer. Nestled in Guildford Town Centre, this meticulously maintained three-level townhouse offers unparalleled urban living. Featuring three spacious bedrooms, a versatile den, and two and a half baths, it exudes comfort and functionality. With its open kitchen layout, quartz countertops, and stainless steel appliances, the home invites both relaxation and entertainment. Positioned for convenience, it provides easy access to amenities, schools, near Guildford Town center, parks, and major highways. Don't miss the chance to experience modern living at its finest-schedule a viewing today. Open house May 4th & 5th (Sat-Sun) 2-4pm. (id:48205)

3 Bedroom 3 Bathroom 1292
For sale
$875,000
34 15850 85 AVENUE, surrey, British Columbia

34 15850 85 Avenue

Surrey, British Columbia

Introducing an exquisite Dawson + Sawyer townhome nestled in Fleetwood, Surrey, strategically positioned along the future Skytrain route to Langley. This meticulously crafted 3-bedrom plus den residence offers modern comforts, including a sunken living room, open kitchen, and dining area. Step onto the large patio on the main floor, perfect for outdoor relaxation. Upstairs, discover a luxurious primary suite and two bedrooms. The ground level features a versatile den, garage, and carport. Rare large front garden! Enjoy seamless connectivity, vibrant surroundings, and easy access to amenities, epitomizing modern living in Surrey's coveted neighbourhood. (id:48205)

3 Bedroom 3 Bathroom 1397
For sale
$875,000
64 19455 65 AVENUE, surrey, British Columbia

64 19455 65 Avenue

Surrey, British Columbia

Welcome to this corner unit home in the family-friendly and sought-after townhouse community of Two Blue. As you enter the living room on the main floor, you will notice the 9-foot ceiling and large windows that allow lots of natural light. The high-end laminated flooring in the living room leads you to the plush carpets on the stairs and upper floor. The cozy living room has an electric fireplace, powder room, and a large gourmet kitchen with wood shaker cabinets, granite countertops, a Workstation Island, a breakfast bar, and stainless steel appliances. The door adjacent to the kitchen opens onto your private deck and fenced garden area with a network of greenbelts right off the backyard. The upper level has the primary bedroom, an ensuite bathroom with a double sink, and two other ample-sized bedrooms and a bathroom. Close to parks, schools, shopping, and public transit. School catchments are Latimer Road Elementary & Clayton Height Secondary. Book your private appointment and come and make this your home. (id:48205)

3 Bedroom 3 Bathroom 1494
For sale
$869,900
63 19455 65 AVENUE, surrey, British Columbia

63 19455 65 Avenue

Surrey, British Columbia

Welcome Home to this fabulous end unit at "Two Blue" in the heart of Clayton! This well maintained home features a bright open concept plan and a spacious kitchen with tons of work and storage space with a large pantry and oversized island. You will love the main floor access to a great size yard, overlooking a quiet greenbelt perfect for kids and dogs! Upstairs you will find a large primary bedroom with ensuite featuring double sinks AND two more good size bedrooms! Large tandem garage with enough space for two cars & extra storage. Katzie Elementary & Clayton Heights Secondary are nearby. Fantastic family oriented & pet friendly area. Close to Schools, Parks, Restaurants, Grocery Stores, Willowbrook Shopping Centre & FUTURE SKYTRAIN. Don't miss it, book your private viewing today! (id:48205)

3 Bedroom 3 Bathroom 1442
For sale
$869,880
78 19525 73RD AVENUE, surrey, British Columbia

78 19525 73rd Avenue

Surrey, British Columbia

UPTOWN CLAYTON II A spacious, modern 2-storey plus a basement townhouse with a fully fenced yard and front street parking. It's a 4 bedroom, 3 bathroom unit with a family room on the main floor, with fireplace (electric) and built-in shelving unit. Main floor is perfect for family and friends and/or watching the kids from the kitchen. It's an open concept plan (great room design) The kitchen has shaker cabinets, stainless steel appliances & granite countertops throughout. Bedrooms are a good size for the growing family including a LARGE PRIMARY BEDROOM. This unit has space for 2 cars, including a single garage and a single carport. Playground on-site. SUPER LOCATION. Close to everything Clayton has to offer. Maddaugh Elementary school 1/2 km away. (id:48205)

4 Bedroom 3 Bathroom 1644
For sale
$869,000
315 10333 133 STREET, surrey, British Columbia

315 10333 133 Street

Surrey, British Columbia

Melrose - A luxury high-rise tower in Surrey city centre. North-East facing CORNER unit on 3rd floor. A top quality 2 bed, 2 bath, 860 sqft interior, huge 130 sqft BALCONY completing in July to Sept 2024. 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances w/gas cooktop. Amenities: Fully equipped kitchen w/ BBQ/outdoor pits, games room, children's play area, private co-work space, infrared sauna room, gym, yoga studio, spin room, outdoor tai chi studio. Includes 2 parkings, 1 bike stall and 1 locker. Light colour scheme. Ideally located in the West Village, 5min walk to Skytrain station, SFU, KPU, Surrey central shopping mall, restaurants, etc. Buyer will get huge $40,000 incentive at completion. Bonus: a closet organizer in both bedrooms and entry closet. (id:48205)

2 Bedroom 2 Bathroom 860
For sale Open House
$850,000
26 6945 185 STREET, surrey, British Columbia

26 6945 185 Street

Surrey, British Columbia

Craftsman-inspired 3BR 2.5BTH Clayton corner unit. This thoughtfully designed residence welcomes you w/ gorgeous, oversized windows highlighting 10ft ceilings. The heart of your fabulously maintained space is an open, gourmet kitchen featuring sleek, stainless steel Whirlpool appliances & crisp, quartz counters. Your naturally well-lit living area offers an elegant, modern fireplace next to a generous, South-facing balcony. Sunlit, spacious bedrooms exude relaxation w/ primary bed offering a walk-in closet & spa-like ensuite. This stunning Mackenzie Estates home has an extra-large garage w/ 4 windows & door access to the backyard. Walk to both levels of schools, Save On Foods, Hillcrest Village, Clayton Crossing, restaurants, bus stops & a few blocks to Willowbrook & multiple major routes. (id:48205)

3 Bedroom 3 Bathroom 1448
For sale Open House
$849,900
44 16233 83 AVENUE, surrey, British Columbia

44 16233 83 Avenue

Surrey, British Columbia

Welcome to Veranda, a quality complex by Adera in the heart of Fleetwood and conveniently located for future SkyTrain Station on 160th Street! This beautiful bright unit offers 3 bedrooms up with two baths plus below 4th bedroom/office with an ensuite 3pcs bath upgraded by the original builder. Unit features a large kitchen with island & stainless steel appliances, real hardwood flooring throughout, gorgeous living/dining open concept great for entertaining with a cozy fireplace, EV plug in the garage and a fenced backyard with room for hosting your summer bbq. party. LOW STRATA FEES. Close to all amenities, elementary school, library, public transportation and shopping centre. Open House Sat/Sun 1-4PM. (id:48205)

4 Bedroom 3 Bathroom 1541
For sale Open House
$849,900
85 19551 66 AVENUE, surrey, British Columbia

85 19551 66 Avenue

Surrey, British Columbia

LOCATION AT ITS FINEST! Welcome to the Manhattan Sky development. Located in Cloverdale's most desirable area this CORNER unit townhouse has an open floor plan, gourmet kitchen w/ sleek stainless steel appliances, an island & quartz countertops, + an integrated living-dining area leading to a cozy outdoor patio. This 1573 sq ft 4 bed , 3 bathroom townhouse is one of the LARGEST in the complex & also includes double car garage, lots of natural light , fireplace ,Laminate flooring & a private fenced patio. Downstairs, the basement provides a versatile space perfect for a separate office or a bedroom for your guests.This Pet-friendly complex is located near schools, Shopping,Transit & the PROPOSED SKY TRAIN.Easy access to major routes. Just waiting for a new family to call this place HOME ! (id:48205)

4 Bedroom 3 Bathroom 1573
For sale
$849,800
707 18505 LAURENSEN PLACE, surrey, British Columbia

707 18505 Laurensen Place

Surrey, British Columbia

Welcome to Clayton Walk by Anthem. This exquisite townhouse nestled in Surrey's Parkside community, offers a spacious floor plan. It has 9 foot ceilings on the main level, a gourmet kitchen with quartz countertop, SS appliances. Master bedroom boasts a spacious walk-in closet and spacious deck. You will enjoy the clubhouse with a fitness studio. Conveniently located near Clayton Crossing shopping center, Clayton Heights Secondary School, parks, and grocery stores. Fraser Highway and Highway 15 make this a great location for a commuter too. Steps away from the future SKYTRAIN STATION! (id:48205)

3 Bedroom 3 Bathroom 1374
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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