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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
$949,999
66 19477 72A AVENUE, surrey, British Columbia

66 19477 72a Avenue

Surrey, British Columbia

Welcome Home to this Spacious Corner unit with 4 Beds + 3 Washrooms !! Ground level has a Bedroom, a washroom and extra wide side by side garage. Lots of windows througout this corner unit to bring in natural light. Bright and Spacious Main level comes with Kitchen, Dinning and spacious living area with cozy fireplace. Chef inspired kitchen with quality appliances that opens to covered balcony for BBQ or enjoyijng your favourite beverage in any season. Upper level has 3 spacious bedrooms with oversize windows. Huge Master bedroom comes with vaulted ceiling, built in work station, ensuite washroom and room length closet. Opportunities like this don't come often... Act Fast !! (id:48205)

4 Bedroom 3 Bathroom 1534 sqft
For sale Open House
$949,900
11 17458 100 AVENUE, surrey, British Columbia

11 17458 100 Avenue

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1568 sqft
For sale
$949,900
171 16177 83 AVENUE, surrey, British Columbia

171 16177 83 Avenue

Surrey, British Columbia

From the moment you enter this Brilliant 4 bedroom plus 3 1/2 bathroom end unit you will feel right at home. The covered front porch makes any day very refreshing, add the large basement bedroom with full bathroom ensuite, perfect for any family member. Upstairs you will find a large kitchen with stainless steel appliances and a dining room big enough for any get together, then the three full bedrooms up and primary with a large walk in closet. This is the perfect place to call home, just bring your family. Call today to view! (id:48205)

4 Bedroom 4 Bathroom 1659 sqft
For sale
$949,900
71 19477 72A AVENUE, surrey, British Columbia

71 19477 72a Avenue

Surrey, British Columbia

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

4 Bedroom 3 Bathroom 1554 sqft
For sale
$949,800
410 6470 194 STREET, surrey, British Columbia

410 6470 194 Street

Surrey, British Columbia

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

2 Bedroom 3 Bathroom 1326 sqft
For sale
$949,000
74 15340 GUILDFORD DRIVE, surrey, British Columbia

74 15340 Guildford Drive

Surrey, British Columbia

GUILDFORD THE GREAT! END UNIT designer townhome, custom stacked stone fireplace - with the television included! Custom coffered ceilings in the living room. High quality laminate on the main. Kitchen with huge centre island, premium stainless steel appliances, French door fridge, over the range microwave, engineered granite countertops. Upstairs houses three lovely bedrooms, master with ensuite bathroom and walk-in closet. 4th bedroom downstairs, perfect for home office or guest room. Single garage + car port. Several visitor parking stalls behind the unit and across street. Position for convenience... Guildford Recreation Centre, Guildford Shopping Mall, several Big Supermarkets, Banks, all levels of schools are within 5 min drive. **OPEN HOUSE: SAT JUN 15 @ 2-4PM** (id:48205)

4 Bedroom 3 Bathroom 1439 sqft
For sale
$949,000
70 6575 192 STREET, surrey, British Columbia

70 6575 192 Street

Surrey, British Columbia

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

3 Bedroom 4 Bathroom 1908 sqft
For sale Open House
$949,000
41 19501 74 AVENUE, surrey, British Columbia

41 19501 74 Avenue

Surrey, British Columbia

Welcome to the ONYX 3BR 3BTH Clayton. Modern style & convenience, this 2yr old Final Phase residence welcomes you with luxurious in-floor radiant heating, hot water on demand 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 the dining area. Laundry is conveniently found alongside spacious, naturally well-lit bedrooms & well-appointed bathrooms. 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. Garage finsihed with Epoxy & Built in Vaccum. (id:48205)

3 Bedroom 3 Bathroom 1575 sqft
For sale
$949,000
103 9118 149 STREET, surrey, British Columbia

103 9118 149 Street

Surrey, British Columbia

Rarely available this huge size townhouse has everything you need , This bright and spacious home will fulfill needs of growing family. Upper floor 3bed and 2full bath with primary room has in suite. And 2pc bath along with family room living room and dining area kitchen area leads to back yard deck . kitchen has open concept with over the counter access to dining table. Basement level have bed room or use as rec room or office with back patio door . comes with full washroom and access to double garage. Conveniently located to new sky train station, and grocery store gas station restaurant .Very quite area. Open house Saturday June 15,From 2to4 (id:48205)

4 Bedroom 4 Bathroom 1815 sqft
For sale
$949,000
7 8747 162 STREET, surrey, British Columbia

7 8747 162 Street

Surrey, British Columbia

Discover the elegance of this beautiful corner unit in the exclusive boutique community of Fleetwood Grove! Located in the heart of Fleetwood, this 3-bedroom home offers the only unobstructed south view and the largest fenced backyard with a private patio and balcony. Features include contemporary white shaker cabinetry, imported quartz countertops, a complete stainless steel appliance package, and durable laminate hardwood flooring. Walking distance to top-rated schools, including Holy Cross High School, and close to future SkyTrain, bus services (502, 503 and 388), Fleetwood Rec Center, library, and playground. Very private, quiet, and kid-friendly complex with no units in front or back. Easy access to Fraser Highway and Highway #1. (id:48205)

3 Bedroom 3 Bathroom 1417 sqft
For sale
$949,000
12698 113A AVENUE, surrey, British Columbia

12698 113a Avenue

Surrey, British Columbia

OPPORTUNITY 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 5000 sq.ft. lot & features a nice layout, new flooring in the living area, new pine baseboards, new bathroom vanity/tiling, some updated siding & 3 decent 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! (id:48205)

3 Bedroom 1 Bathroom 912 sqft
For sale
$949,000
18 7056 192 STREET, surrey, British Columbia

18 7056 192 Street

Surrey, British Columbia

Welcome to Boxwood, this stunning 4 bedroom / 3 baths End unit is conveniently located in Clayton close to all amenities. This beautifully designed townhouse with contemporary finishes boasts a beautifully designed kitchen with stainless steel appliances, large island and a walk in pantry along with a open layout for your living and dining space. Top floor features 3 bedrooms including a master bedroom with large ensuite and walk-in-closet. Private fenced backyard great for kids along with a balcony on the main floor great for entertaining family and friends. Call today to book your private showing! (id:48205)

4 Bedroom 3 Bathroom 1651 sqft
For sale
$949,000
48 7288 188 STREET, surrey, British Columbia

48 7288 188 Street

Surrey, British Columbia

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

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

43 13499 92 Avenue

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1516 sqft
For sale
$948,000
50 8560 162 STREET, surrey, British Columbia

50 8560 162 Street

Surrey, British Columbia

Welcome to the tranquil Lakewood Green Townhouse community, featuring 78 well-maintained units. Conveniently located within walking distance to Fleetwood Park Village and other shopping amenities. Top-notch educational environment with Frost Road Elementary just around the corner. The townhouse boasts renovations with quartz countertops and stainless steel appliances. Recent upgrades include a new hot water tank and furnace, and fresh paint throughout. Enjoy family time in the fenced green backyard with a gazebo. A future SkyTrain station on 160 Street, only 850 meters away, adds excellent connectivity. Don't miss out on this perfect blend of comfort and convenience! (id:48205)

3 Bedroom 3 Bathroom 1815 sqft
For sale
$947,800
136 15778 85 AVENUE, surrey, British Columbia

136 15778 85 Avenue

Surrey, British Columbia

Fleetwood Village 2 by Dawson + Sawyer! Located directly along the new Surrey Langley Skytrain extension. Centrally located walking distance to shopping, restaurants, parks, and schools. View of Mount Baker from the kitchen and balcony. This 3 bed+den features entry closet and den (could be 4th bedroom) on the garden level. Main floor features open concept living space, large L-shaped kitchen with an island, dining and powder room. Upper level features the primary bedroom that fits a king sized bed, a walk-in closet and ensuite with double vanity and oversized shower, the second and third bedrooms, main bathroom, laundry with linen storage. Double side by side parking garage. Quick possession possible. OPEN HOUSE SATURDAY 2:00 TO 4:00 (id:48205)

3 Bedroom 3 Bathroom 1327 sqft
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 sqft
For sale Open House
$938,999
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 sqft
For sale
$938,000
55 15850 85 AVENUE, surrey, British Columbia

55 15850 85 Avenue

Surrey, British Columbia

FLEETWOOD VILLAGE by Dawson + Sawyer, located along the future SkyTrain line in the heart of Fleetwood! Steps to Fresh St Market, Surrey Sport & Leisure Complex, Fleetwood Park Village Shopping, Fraser Hwy and steps to top-rated schools. This corner unit features a fenced and gated front yard with a large den (can be a bedroom) on the garden level double garage with EV charging and lots of storage space. Stunning living room with 10' ceilings, centre kitchen with s/s appliances, crisp quartz counters & an expansive island next to a spacious formal dining opening onto a sunny balcony on the main level. Master bedroom for a king sized bed, walk-in closet and private ensuite with a double vanity and oversized shower, laundry and linen storage on the upper level. (id:48205)

3 Bedroom 3 Bathroom 1334 sqft
For sale
$935,000
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. Do not miss, move-in today! (id:48205)

3 Bedroom 2 Bathroom 1393 sqft
For sale Open House
$935,000
55 7288 188 STREET, surrey, British Columbia

55 7288 188 Street

Surrey, British Columbia

Under Builder's Warranty this Beautiful Home Featuring a 4 bed, 3 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 cozy fourth Bedroom Downstairs. 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 June 15th & Sun June 16th from 2pm - 4pm. Come join us (id:48205)

4 Bedroom 3 Bathroom 1906 sqft
For sale
$929,999
136 9718 161A STREET, surrey, British Columbia

136 9718 161a Street

Surrey, British Columbia

Canopy is a master planned townhouse community in Surrey Fleetwood Tynehead built by Streetside Developments. Situated next to Tynehead Regional Park & Godwin Farm Biodiversity Preserve, this home is perfect for the nature lover! This spacious 3 bedroom & 3 bath home offers white designer scheme with Shaker style cabinetry & Caesarstone countertops, stainless steel like-new Whirlpool french door fridge, dishwasher, gas range & laundry on the upper floor with full sized washer/dryer. 9 ft. Ceilings on the main floor & an upgrade of laminate flooring throughout main & upper levels. A roomy balcony conveniently located off the dining room is great for outdoor dining. Clubhouse with gym access & a playground. All showings by appointment only. (id:48205)

3 Bedroom 3 Bathroom 1472 sqft
For sale
$929,000
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. Original Owners. 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 Sat and Sun, 2-4PM, June 8 & 9. (id:48205)

4 Bedroom 3 Bathroom 1673 sqft
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 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