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North Surrey Homes for Sale

Whalley, Royal Heights, Port Kells, Bridgeview and Fraser Heights are just a few of North Surrey’s communities attracting potential homebuyers. The City of Surrey is very proactive and prides itself on its long-term goals of making the downtown Central Surrey core into something like Yaletown in Vancouver. With plenty of new commercial and residential real estate being developed today, you can literally watch the changes they have in motion on a daily basis. Central Surrey is quickly becoming a hot spot for first time homebuyers, investors, and working professionals who want to leave a greener footprint by using the many public transportation options all throughout the Lower Mainland. Check out our North Surrey MLS listings or call Natasha Taylor of the Taylor Team at 1-778-316-4290 and let our group of experienced North Surrey Sutton real estate agents show you why Surrey has been rated BC’s #1 area to invest in (and the #4 in all of Canada).

About North Surrey BC

North Surrey British Columbia is a great place for the first time buyer, commuter, or for anybody looking to invest in BC real estate. Let our group of experienced Sutton North Surrey real estate agents at The Taylor Team show you why Surrey has been rated the #1 area to invest in BC and the #4 in all of Canada. Whether you are looking to jump on the sky train and head to work with ease or just get into the Surrey real estate market, you definitely can’t go wrong buying here in North Surrey BC. With starter areas like Whalley, to more prestigious residential communities like Fraser Heights, there is much to choose from here in North Surrey.

North Surrey real estate is constantly under development. An extremely large amount of BC condos and new homes are being built in this popular area as well as new commercial buildings.

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For sale
$1,149,000
49 12585 104A AVENUE, surrey, British Columbia

49 12585 104a Avenue

Surrey, British Columbia

Discover a luxurious new development in North Surrey. These spacious 3-level townhouses offer 4 beds, 3.5 baths, and modern open-concept living spanning approximately 2300 sq ft. Enjoy high-end finishes like stainless steel appliances and quartz countertops. With a separate entry suite for rental potential, custom millwork, and energy-efficient heating/cooling, convenience meets luxury. Centrally located near parks, schools, transit, and shopping, plus community amenities like a courtyard and gym. Don't miss out on this opportunity to own a beautiful townhouse in Yale Gardens. Call today to book a viewing! (id:48205)

4 Bedroom 4 Bathroom 2282 sqft
For sale Open House
$1,147,000
16 10433 158 STREET, surrey, British Columbia

16 10433 158 Street

Surrey, British Columbia

Incredible Value & Rare HUGE TOWNHOME OVER 2000 SQUARE FEET 4 Beds & 4 Baths nestled in desirable area built in 2017 by Dawson & Sawyer. Experience the best of living steps away from Guildford Village & Guildford Town Center, walking distance to Harold Bishop Elementary School. Upstairs boasting 3 large beds + 2 full baths, a basement offer complete 1 bed + full bath, perfect for guests or extended family. Bright & Open concept w/10' ceiling offers spacious living, dining, family room & huge kitchen w/long Island, large balcony & yard is ideal for gatherings. Double garage side-by-side & visitor parking. Central location easy access to schools, recreation, shoppings, banks, Highway 1 & more. Don't miss your chance to make this versatile & modern home yours. (id:48205)

4 Bedroom 4 Bathroom 2099 sqft
For sale
$1,129,000
72 17557 100 AVENUE, surrey, British Columbia

72 17557 100 Avenue

Surrey, British Columbia

Introducing a stunning 4-bedroom 4bathtownhousenestled in the desirable Fraser Heights neighborhood. Completed 2021 Winter. This immaculate home boasts numerous updates that elevate its charm and functionality. Step inside, and you'll immediately notice the luxurious laminated floors that adorn the entire house, creating a sleek and modern aesthetic. The spacious kitchen has been enhanced with plenty of additional cabinets, providing ample storage space for all your culinary needs, A dedicated wine bar area adds a touch of sophistication. The thoughtfully updated light fixtures throughout the house not only illuminate the space beautifully but also add a touch of contemporary elegance. laundry room has been revamped with The cabinets and a countertop. (id:48205)

4 Bedroom 4 Bathroom 1939 sqft
For sale
$1,120,000
120 15778 85 AVENUE, surrey, British Columbia

120 15778 85 Avenue

Surrey, British Columbia

Welcome to Fleetwood Village 2 by Developer Dawson + Sawyer. This 4-bedroom, 4-bathroom townhouse includes a guest suite for additional income. Located in the highly desirable Fleetwood area, you'll be close to all shopping and amenities. The modern layout features a double garage, and as a corner unit, it benefits from extra windows for ample natural light. Enjoy summer days in the private yard and on the balcony. Comes with a 2-5-10 builder's warranty for your peace of mind. This home combines convenience, style, and practicality in a prime location! Located directly along the new Surrey Langley skytrain extension. (id:48205)

4 Bedroom 4 Bathroom 1545 sqft
For sale
$1,119,000
46 12585 104A AVENUE, surrey, British Columbia

46 12585 104a Avenue

Surrey, British Columbia

* WELCOME TO YALE GARDENS. * This Beautiful Brand New 3 stories Townhouse is All you are waiting for. This 3 level Town House includes 4 Bedrooms, 4 Bathrooms, Living Room, Kitchen, huge Island, self closing cabinets, Open Layout, Quarts Counter Tops, Air Conditioning, Top notch Stainless Steel Appliances, Smart home System, Forced air heating, Lots of storage and Lots of cabinets, Amenities includes; Gym, Playground, Courtyard and much more to enjoy. Centrally Located, walking Distance to City Central, Transit, minutes away to SFU, Shopping, Both Levels of schools, Gateway Sky Train Station, Walking distance to King George and easy excess to All Major Routes. By Appointment only (id:48205)

4 Bedroom 4 Bathroom 2282
For sale
$1,100,000
1 15778 85 AVENUE, surrey, British Columbia

1 15778 85 Avenue

Surrey, British Columbia

Step into your new oasis at Fleetwood Village 2 by Dawson + Sawyer! This corner home offers 4 beds, 3.5 baths, a private fenced yard with a garden-level bedroom and full bath. The main floor features a sunken living room with high ceilings, a white kitchen with a spacious island, a dining room, and a powder room. Upstairs, find a generous primary bedroom with walk-in closets, a luxurious ensuite with a double vanity and oversized shower, 2 additional bedrooms, and a laundry area. Enjoy the convenience of a double garage with side-by-side parking and nearby shops, restaurants and amenities (walk to everything!) This unit overlooks the greenspace from the front yard. Located directly along the new Surrey Langley sky train extension. Comes with a 2-5-10 builder's warranty. (id:48205)

4 Bedroom 4 Bathroom 1602 sqft
For sale
$1,100,000
49 19501 74 AVENUE, surrey, British Columbia

49 19501 74 Avenue

Surrey, British Columbia

Come live in this most sought-after neighbourhood in Surrey and in one of the upscale family townhomes in the heart of Clayton Heights - the Onyx! This 3-Bed 4-Bath 1,919 sq ft townhome boasts of a Gourmet Inspired Kitchen, spacious rooms, and expansive patios and decks. 9 ft ceilings, Large Windows that allow natural light to come in. Gorgeous Quartz Stone Countertops with imported Ceramic Tile Backsplash and luxurious powder rooms with floating vanities. There's Air Conditioning in the living room and master bedroom. Isolated and peaceful patio. Natural gas connection for barbecue. Home Security System installed. A definite must see! (id:48205)

3 Bedroom 4 Bathroom 1919 sqft
For sale
$1,100,000
111 15850 85 AVENUE, surrey, British Columbia

111 15850 85 Avenue

Surrey, British Columbia

Dawson & Sawyer's Master Community Fleetwood Village offers a home with a high-quality and unique design layout. The main floor boasts an open concept living and dining area, creating a spacious and inviting atmosphere along with a 100 sq.ft bonus covered patio, perfect for enjoying the outdoors. Upstairs, you'll find three spacious bedrooms! Additionally, there is a bedroom with a full bath on the ground level, providing convenience and flexibility. The double side-by-side garage can be accessed through the lane, and there is ample storage space available. The home is filled with natural light, and the covered patio adds an extra touch of relaxation. This home truly offers one of the best layouts and a range of modern amenities for comfortable living. (id:48205)

4 Bedroom 4 Bathroom 1648
For sale Open House
$1,099,999
11 9762 182A STREET, surrey, British Columbia

11 9762 182a Street

Surrey, British Columbia

$10,000 Decorating Allowance! 4-car parking, 4-bed+flex units! PRESTIGE by Sivia Construction, a collection of 34 luxurious duplex style townhomes. All units feature open layouts and offer an entertainer's dream kitchen with Kitchen Aid appliance package with a French door Fridge, gas range, built-in microwave and dishwasher. High-end finishing including soft-close shaker cabinets, custom lighting, black vessel sinks and black/gold hardware. Spa inspired master ensuite with side-by-side sinks & glass showers with body jets + rainfall. Gas fireplaces, forced air heating + rough in for A/C, Navein on demand hot water. Centrally located in Fraser Heights mins away from parks, schools, Guildford Town Centre and Willoughby Town Centre. Show home open Sat/Sun 12pm-4pm, weekdays appointment only. (id:48205)

4 Bedroom 4 Bathroom 1903 sqft
For sale
$1,099,000
9234 133RD STREET, surrey, British Columbia

9234 133rd Street

Surrey, British Columbia

2185+ SF 2 level house on *LARGE 7686 SF LOT, The home features 3 bdrms & 3 full baths up along with a den/loft area. The single car garage has been converted into a REC ROOM by previous owner, but can be used for variety of things. From the kitchen you can go out to 2 tier covered deck which leads to the massive backyard with a storage shed & greenhouse. In the BASEMENT there is a bachelor SUITE with a separate entrance that is rented. The main house is rented seperatly. Walking distance to schools & bus. Close to all major transportation routes. For more info. call Jaswinder @778.386.7221 (id:48205)

3 Bedroom 3 Bathroom 2190 sqft
For sale
$1,099,000
42 16318 82 AVENUE, surrey, British Columbia

42 16318 82 Avenue

Surrey, British Columbia

Great location with over 2,100sf 4 bedroom and 3 baths Updated town house facing SOUTH & QUIET Place! This house welcomes you with high ceiling of large living room and shiny white & luxury Kitchen with classy counter top, cabinets, and Samsung Appliances. Huge size of family room over looking nice fenced South Facing huge back yard. Main floor has classy white powder room. Upstairs have large 3 bedrooms including renovated shiny white 2 bathrooms. Basement has huge flex room, full bath, and bedroom with separate entrance. This complex has nice club house as well as central location next to school, library, parks, community centre, shopping, and transit. Don't wait and just view! (id:48205)

4 Bedroom 3 Bathroom 2121 sqft
For sale Open House
$1,098,000
129 9718 161A STREET, surrey, British Columbia

129 9718 161a Street

Surrey, British Columbia

Welcome to Canopy by Streetside. This rarely available END unit, craftsman-inspired w/ brickwork, is located in a master planned community at the crest of Tynehead Park. This gorgeous 4-BED, 3.5 bath townhome w/ side-by-side garage, offers a spacious & functional 1771 sf. floor plan w/ oversized windows for maximized natural light. This home features an open-concept 9-foot ceiling on the main floor, w/ high-end whirlpool s/s appliances & quartz countertops, shaker style cabinetry, porcelain tiles in entries, wide-plank laminate flooring on all 3 floors, built-in security & sprinkler system, built-in closets and a WALK OUT BASEMENT! Quick access to Hway 1, Guildford Town Centre, hospital & short walking distance both levels of schools. OH: SAT June 29 2-4 PM & SUN June 30 by appointment (id:48205)

4 Bedroom 4 Bathroom 1771 sqft
For sale
$1,098,000
12 14955 101A AVENUE, surrey, British Columbia

12 14955 101a Avenue

Surrey, British Columbia

Well maintained like new. Across from central Landmark movie theatre and the well known Guildford Town Centre. Proudly built by reliable MOSAIC. It's unique location and top quality make this lovely home value oriented. One of the two CORNER UNIT in Strata with lots of windows and private lawn area for extra value. 10" ceiling below with open kitchen, living and dining. Main level designed with 3 good sized cozy bedrooms and a bathroom. Top level present a large private Master bedroom with ensuite. Fenced backyard perfect for BBQ in the Summer or have drinks or coffee social around with friends. Showings by appointment. (id:48205)

4 Bedroom 2 Bathroom 1407 sqft
For sale
$1,089,000
95 15778 85 AVENUE, surrey, British Columbia

95 15778 85 Avenue

Surrey, British Columbia

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

4 Bedroom 4 Bathroom 1545
For sale
$1,069,999
9 15850 85 AVENUE, surrey, British Columbia

9 15850 85 Avenue

Surrey, British Columbia

Prestigious FLEETWOOD VILLAGE by Dawson + Sawyer. Located along the approved SkyTrain line in the heart of Fleetwood! This 4 bed/4 bath one of only 3 biggest townhomes in the complex at 2013 sqft. Corner home features a fenced and gated front yard with a spacious living room featuring 9' ceilings, upgraded Samsung appliance package in kitchen with an unobstructed island, dining room on the main level. Master bedroom fit for a king size bed, walk-in closet, private ensuite with double vanity. 4th Large bedroom on the ground floor with Separate Entrance / Ensuite bathroom ! Side by side fully upgraded garage. Developer installed EV charger, Walking distance to shopping centre, library, parks & recreation facilities. Top rated Walnut Road Elementary & Fleetwood Park Secondary Schools. (id:48205)

4 Bedroom 4 Bathroom 2013 sqft
For sale Open House
$1,059,999
14 9762 182A STREET, surrey, British Columbia

14 9762 182a Street

Surrey, British Columbia

$10,000 decorating allowance! 4-car parking, 4-bed+flex units! PRESTIGE by Sivia Construction, a collection of 34 luxurious duplex style townhomes. All units feature open layouts and offer an entertainer's dream kitchen with Kitchen Aid appliance package with a French door Fridge, gas range, built-in microwave and dishwasher. High-end finishing including soft-close shaker cabinets, custom lighting, black vessel sinks and black/gold hardware. Spa inspired master ensuite with side-by-side sinks & glass showers with body jets + rainfall. Gas fireplaces, forced air heating + rough in for A/C, Navein on demand hot water. Centrally located in Fraser Heights mins away from parks, schools, Guildford Town Centre and Willoughby Town Centre. Show home open Sat/Sun 12pm-4pm, weekdays appointment only. (id:48205)

4 Bedroom 4 Bathroom 1746 sqft
For sale Open House
$1,059,999
13 9762 182A STREET, surrey, British Columbia

13 9762 182a Street

Surrey, British Columbia

$10,000 decorating allowance! 4-car parking, 4-bed+flex units! PRESTIGE by Sivia Construction, a collection of 34 luxurious duplex style townhomes. All units feature open layouts and offer an entertainer's dream kitchen with Kitchen Aid appliance package with a French door Fridge, gas range, built-in microwave and dishwasher. High-end finishing including soft-close shaker cabinets, custom lighting, black vessel sinks and black/gold hardware. Spa inspired master ensuite with side-by-side sinks & glass showers with body jets + rainfall. Gas fireplaces, forced air heating + rough in for A/C, Navein on demand hot water. Centrally located in Fraser Heights mins away from parks, schools, Guildford Town Centre and Willoughby Town Centre. Show home open Sat/Sun 12pm-4pm, weekdays appointment only. (id:48205)

3 Bedroom 4 Bathroom 1746 sqft
For sale
$1,059,000
53 7155 189 STREET, surrey, British Columbia

53 7155 189 Street

Surrey, British Columbia

Amazing opportunity for small business owners or those looking for a mortgage helper. This COMPLETELY RENOVATED 3 bed 3 bath townhouse shows like a TEN and has space with a separate entrance for a business below (has been operated as a lash studio, hair salon and is currently operating as a a nail salon) Updates include new Benjamin Moore paint throughout, new blinds, new flooring, brand new kitchen cabinets and counters, all new stainless steel appliances, new hot water tank, new gazebo for the patio, plus over $10,000 in custom shelving in the double side by side garage! There's additional parking right in front of the home too! Opportunities like this rarely come along. Act quick! Home is where your Storey begins! (id:48205)

3 Bedroom 3 Bathroom 1893 sqft
For sale
$1,058,000
18 17557 100 AVENUE, surrey, British Columbia

18 17557 100 Avenue

Surrey, British Columbia

Introducing a stunning 4-bedroom 4 bath townhouse nestled in the desirable Fraser Heights neighborhood. This immaculate home boasts numerous updates that elevate its charm and functionality. Step inside, and you'll immediately notice the luxurious laminated floors that adorn the entire house, creating a sleek and modern aesthetic. The spacious kitchen has been enhanced with plenty of additional cabinets, providing ample storage space for all your culinary needs, A dedicated wine bar area adds a touch of sophistication. The thoughtfully updated light fixtures throughout the house not only illuminate the space beautifully but also add a touch of contemporary elegance. The laundry room has been revamped with cabinets and a countertop, making laundry chores. (id:48205)

5 Bedroom 4 Bathroom 1918 sqft
For sale
$1,050,000
12 19501 74 AVENUE, surrey, British Columbia

12 19501 74 Avenue

Surrey, British Columbia

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

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

12 19480 66 Avenue

Surrey, British Columbia

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

4 Bedroom 3 Bathroom 2027 sqft
For sale
$1,049,700
48 11860 RIVER ROAD, surrey, British Columbia

48 11860 River Road

Surrey, British Columbia

Gorgeous and SUPER SUPER SUPER LARGE END UNIT 2617 sqft Townhouse with Full finished basement and Side by Side Double Garage and Apron Parking for 2 additional vehicles! Amazing views from upper 2 levels! Excellent layout with main floor master bdrm, ensuite w/over-sized shower/walk in closet. Lots of cabinetry & counters in kitchen complete with bright eating area. Spacious dining/living room with gas F/P & access to deck to enjoy the view. Upstairs are 2 big bdrms (one with 4 pc ensuite!) & Den! Finished walkout basement with private yard is finished as a HUGE rec room with full bathroom. Easy to make extra bdrms if required! Minutes to skytrain for easy commute. A great complex with playground for kids and 2 blocks to school. By far best location in development. (id:48205)

5 Bedroom 4 Bathroom 2617 sqft
For sale
$1,049,000
40 12585 104A AVENUE, surrey, British Columbia

40 12585 104a Avenue

Surrey, British Columbia

. (id:48205)

4 Bedroom 4 Bathroom 2469 sqft
For sale
$1,039,900
67 9688 162A STREET, surrey, British Columbia

67 9688 162a Street

Surrey, British Columbia

BEST LOCATION IN THE COMPLEX! This 3 bed, 2.5 Bath corner home backs onto a peaceful greenbelt. Canopy is built by the award-winning Streetside Developments. Upgrades include kitchen built-ins that add ample storage, built-ins below TV w/ gorgeous TV frame that ties the room together. The dbl wide garage features epoxy floor & offers tons storage. Main floor has a bright, airy feel w/ tons of windows, warm laminate flooring, quartz counter tops, large outdoor balcony overlooking lush greenspace & powder room. Gas range stove and BBQ hookup on balcony. Upstairs you will find the primary bed offering vaulted ceilings, walk-in closet & stunning ensuite. Two additional beds with custom built in closet organizers, & a full bath with deep bathtub/shower combo! Fully fenced in, private backyard! (id:48205)

3 Bedroom 3 Bathroom 1508 sqft
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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

About The City of

North Surrey

North Surrey is a perfect place for those who may need to commute. Not only is there an abundance of public transportation but you are located only about 25 minutes from downtown Vancouver by car. You also have many access and exit points to North Surrey through the Queensborough Bridge and multiple highway routes.

The community is beginning to develop plenty of luxury developments at much more affordable rates when compared to Burnaby and Vancouver. For penthouse units or condos with city and mountain views in Surrey you are looking at price ranges in the $600,000’s to $700,000’s, $800,000’s, and above. These offer unobstructed panoramic views of the city, the Fraser River, and the Pacific Coast Rocky Mountains making them extremely well priced in comparison to condos with views in Vancouver or Burnaby.

Neighborhoods in

North Surrey

In recent years, North Surrey has continued to grow and new condo and townhouse developments are popping up across town. With recent growth, the community has seen a lot of new custom homes being and young affluent families are beginning to move in.

map of clodverdale neighborhoods

Amenities in

North Surrey

In North Surrey there is also plenty of entertainment and lots of things to do. There is a large mall located just off the Skytrain and an excellent Recreation Centre with a swimming pool, Ice Arenas, Weight Room and Cardio Centre. Within the Rec Centre there are also some great after school programs, youth programs, and classes for adults.

North Surrey is home to some of the most state-of-art recreational facilities in Surrey. Whether you’re looking for indoor gyms, swimming pools, ice rinks or well-maintained outdoor walking trails, North Surrey has it all.

  • North Surrey Sport & Ice Complex
  • North Surrey Community Park
  • North Surrey Recreation Centre
  • Green Timbers Urban Forest
  • Holland Park
There are plenty of elementary and secondary schools located in North Surrey. Many of these schools have an excellent track record.

North Surrey Elementary Schools:

  • Hjorth Road Elementary School
  • Serpentine Heights Elementary School
  • Bonnaccord Elementary School
  • Berkshire Park Elementary
  • Harold Bishop Elementary
  • William F. Davidson Elementary School
  • Riverdale Elementary School

North Surrey Secondary Schools:

  • North Surrey Secondary School
  • Johnston Heights Secondary School
  • Guildford Learning Centre
  • Fraser Heights Secondary School

Private Schools in Cloverdale:

  • Holy Cross Regional High School
  • Surrey Christian School
  • Regent Christian Academy
  • Pacific Academy
North Surrey has an excellent reputation as being one of the best shopping districts in the Fraser Valley. Thousands of non-residents travel across the Fraser Valley each week just to be able to shop here.

  • Guildford Town Centre
  • Central City Mall
  • Cedar Hills Shopping Centre
  • Riverside Heights Shopping Centre

The transportation options in North Surrey continue to improve year after year. With easy access to Downtown Vancouver, its no surprise many commuters live in North Surrey and drive or transit into Vancouver for their jobs.

  • Uber
  • Translink Buses
  • Taxi Service
  • Skytrain

Economic Stats for

North Surrey

The economy in North Surrey continues to grow rapidly across a variety of different industries from finance to medical and education to warehousing. The economy is flourishing across all sectors and is expected to continue for many, many years.

North Surrey’s population has been steadily growing over the last decade. Over the last ten years, we have seen population growth close to 1% year after year, especially in Whalley (the city centre).
Communities like Whalley have lower than average household incomes, but a staggering 11% of the households each in excess of $150,000 per year in household income.

As the community continues to grow we expect the household incomes to increase substantially.

Similar to many other communities within the Fraser Valley, North Surrey has experienced drastic pricing increases, especially in new development projects.

North Surrey April 2021 Price Three Year % Change    
Detached House $1,288,100 30%    
Townhouse $618,800 7%    
Apartment/Condo $452,800 4%    

(From MLS® Home Price Index – Fraser Valley Real Estate Board April 2021.)

 

Residential Property Tax Rate for Surrey from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.189%     0.123%       0.346%
2019     0.176%     0.114%       0.319%
2018     0.181%     0.116%       0.326%

There are several major economic drivers in North Surrey. While the city has a very diverse economy, there are several large organizations that have been critical to the growth over the last several years.

Simon Fraser University is located in the Central City mall. With over 7,000 university students per semester, this provides a huge economic boost to the surrounding restaurants and retail stores. Kwantlen Polytechnic University has launched a new campus right next door which attracts several thousands more students.

Surrey Memorial Hospital is a high-volume hospital that employs thousands of highly paid and unionized staff. 

 

Rental Potential in

North Surrey

Condos for sale in the core of North Surrey, near the Simon Fraser University Surrey Campus, are a sure bet for rental investments. Today the Taylor Team has sold many of these units to individuals from all over the world who are purchasing these North Surrey condos purely for rental investment purchases. Being that these condos start in the $400,000 price point approximately, the rent literally will pay your mortgage if you need one. Being that all the condos are located within walking distance to the Skytrain, many students without personal transportation love to rent out the condos for the duration of their higher learning, and in some cases we have seen that the graduates stay in these condos as they are quite nice and extremely convenient for the working professional who has to commute into downtown Vancouver.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In North Surrey, you can expect to pay around 0.334% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

North Surrey is a big rental market. There are plenty of savvy investors that understand how lucrative the North Surrey rental market is and they continually invest in new condo projects, townhomes, and detached homes.

Vacancy rates in North Surrey are almost non-existent with the average being between 1-1.5% vacancy at any given time.

As we all know, each neighbourhood and property type will be able to demand rental rates at different rates. So it’s best to speak with a local real estate agent who understands your property and the market demand.

Estimated Monthly Rents:

1 Bedroom – $1,350 – $1,600 per month

2 Bedroom – $1,700 – $2,150 per month

3 Bedroom – $2,200 – $3,400 per month