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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
$1,039,000
10 12585 104A AVENUE, surrey, British Columbia

10 12585 104a Avenue

Surrey, British Columbia

Welcome to Yale Gardens, a recently developed community in North Surrey. This corner three-level, 4-bedroom, 3.5-bathroom residence showcases a modern open-concept layout with upscale finishes. This home features stainless steel appliances, gas ranges, quartz countertops, custom millwork, and energy-efficient heating & air conditioning. A separate entry suite offers flexibility and the potential for rental income. Strategically located near restaurants, grocery stores, parks, schools, Scott Road, Surrey Central Station, Pattullo Bridge, SFU Surrey, the proposed UBC Campus and Guildford Mall. Take advantage of the courtyard, playground, recreation room and gym amenities. Don't overlook this exclusive opportunity to be part of Downtown Surrey. Please contact for further details! (id:48205)

3 Bedroom 4 Bathroom 2664 sqft
For sale
$1,039,000
33 12585 104A AVENUE, surrey, British Columbia

33 12585 104a Avenue

Surrey, British Columbia

Welcome to Yale Gardens, a recently developed community in North Surrey. This corner three-level, 4-bedroom, 3.5-bathroom residence showcases a modern open-concept layout with upscale finishes. This home features stainless steel appliances, gas ranges, quartz countertops, custom millwork, and energy-efficient heating & air conditioning. A separate entry suite offers flexibility and the potential for rental income. Strategically located near restaurants, grocery stores, parks, schools, Scott Road, Surrey Central Station, Pattullo Bridge, SFU Surrey, the proposed UBC Campus and Guildford Mall. Take advantage of the courtyard, playground, recreation room and gym amenities. Don't overlook this exclusive opportunity to be part of Downtown Surrey. Please contact for further details! (id:48205)

3 Bedroom 4 Bathroom 2664 sqft
For sale
$1,029,900
78 19501 74 AVENUE, surrey, British Columbia

78 19501 74 Avenue

Surrey, British Columbia

Welcome to Onyx 2 in the heart of Clayton Heights. This 1897sq.ft classic New England design features 9ft ceilings, large windows that flood the home with natural light. 3 bedroom residence features a contemporary, gourmet-inspired kitchen with wide wood plank laminate flooring, gorgeous quartz stone countertops with imported ceramic tile backsplash, gas range, premium appliance package bright spacious rooms. The main & lower floors are heated with in floor radiant heat. The basement area has a nice flex room that leads to the double garage and an expansive patio overlooking a spacious park green space area. Open House Sat June 22, 1-3pm (id:48205)

3 Bedroom 3 Bathroom 1897 sqft
For sale
$1,029,900
7 7848 170 STREET, surrey, British Columbia

7 7848 170 Street

Surrey, British Columbia

Welcome to your new, rarely available home in the "VANTAGE BY VESTA" complex. This former SHOWHOME is within close proximity to the Surrey Golf Course, making it a highly desired location. The main floor features a beautiful chef's kitchen with granite countertops, huge windows, a large deck and a cozy living area. The ground level has a walk out patio with natural gas hookup and a media room. The home is close to Surrey Sports & Leisure Complex, Fleetwood Park Sec & William Watson Elem. school catchment. There is also easy access to transportation and future Skytrain. Call today to book your visit! (id:48205)

3 Bedroom 3 Bathroom 1844 sqft
For sale
$1,028,000
8 9652 162A STREET, surrey, British Columbia

8 9652 162a Street

Surrey, British Columbia

Discover Westwood at Tynehead - Your Entryway to Tranquil Living! This spacious 4-bedroom, 3.5-bathroom townhome complete with a double side-by-side garage provides an ideal retreat amidst nature's embrace. Strategically situated in close proximity to schools, public transportation, shopping hubs, and freeway entrances, and merely moments away from the awe-inspiring 6-acre Tynehead Regional Park. Revel in the luxury of gas heating, instant hot water, and a chic European-inspired kitchen boasting a sizable island, pantry, and top-of-the-line Samsung appliances. Tailored for individuals in pursuit of a pristine residence paired with unbeatable convenience. (id:48205)

4 Bedroom 4 Bathroom 1640 sqft
For sale
$1,025,000
6 18833 70 AVENUE, surrey, British Columbia

6 18833 70 Avenue

Surrey, British Columbia

Welcome to Avery Living II, just 2 year old, corner unit townhome in the heart of Clayton. This sweet home has 3 bedrooms plus den, 3 bathrooms (2 full + one 2 piece), and a double car garage. Enjoy a bright living room with an electric fireplace, high ceilings, and ample natural light. The kitchen has lots of cabinets & a window over the sink for some bright natural lighting. The laundry room features full-size side by side washer dryer. The complex is located close to both the middle school & the high school and shopping, parks, schools, future skytrain, Clayton Dog Park, and the new Clayton Community Centre. By laws pets and rentals allowed. (id:48205)

3 Bedroom 3 Bathroom 1477 sqft
For sale Open House
$1,019,000
46 19255 ALOHA DRIVE, surrey, British Columbia

46 19255 Aloha Drive

Surrey, British Columbia

BEST VALUE- OH June 29th+30th 12-2pm! IDEAL LOCATION (On Aloha Dr, not 72nd St) + NICEST CORNER UNIT 3 Bed + DEN (can be converted to 4 Bd) w/ *45K UPGRADES + EXTRA windows*. Only home NOT looking into other units. Built in custom cabinetry, wall features and headboard in primary. FULLY automated voice act. SMART HOME w/ smart home blinds, thermostat, garage opener & lighting throughout. Upgraded kitchen w/ stainless appliances, natural gas range & quartz countertops. Patio upgraded to gas hookup. Double garage, custom cabinets, epoxy finish & EV upgraded 20 amp charger. Everything close by - Clayton Community Centre, Montessori Daycare, Minutes to Ambros Plaza, Willowbrook shopping, T&T. Schools - Hazelgrove, Maddaugh, Regent Road Elementary / Clayton Heights Seco & Ecole Salish Secondary. Club House & much more. MUST SEE! (id:48205)

3 Bedroom 3 Bathroom 1639 sqft
For sale
$1,014,999
42 9652 162A STREET, surrey, British Columbia

42 9652 162a Street

Surrey, British Columbia

Welcome to Westwood; 4 BDRM, 3.5 BATH SIDE BY SIDE GARAGE HOME W/GAS HEATING, AIR CONDITIONING & CONTINUOUS Navien HOT WATER on demand, SYSTEM. a contemporary community immersed in nature. Conveniently loc. close to transit, schools, shopping, EZ freeway access & 640 acre Typehead Park with many walking/biking trails & educational salmon hatchery. Many custom Feat. incl. Premium Samsung Appl. pkge; GAS stove, Ice/water fridge, solid wood, soft close, cabinetry, chef inspired kitchens, painted ceilings, custom light fixtures, fireplace w/mantle, B-B-Que outlet on patio, fully fin. garage w/EV charger R/I charger. Primary BDRM; accom a king size bed; 2 sinks; ensuite. Fantastic Fleetwood location, call today. (id:48205)

4 Bedroom 4 Bathroom 1640 sqft
For sale
$999,999
15440 90 AVENUE, surrey, British Columbia

15440 90 Avenue

Surrey, British Columbia

Welcome To Your New TURNKEY Investment Located In The Heart Of Fleetwood ! " AS IS WHERE IS " OFFERS AS THEY COME ! IDEAL FOR BUILDERS, RENOVATION PROJECT. REQUIRES TLC. FIRST COME, FIRST SERVE. Thank you. PLEASE NOTE**** ACCEPTED OFFER, Expiration of Rescission Period ends at 11:59:59 pm on 2024-07-03. (id:48205)

5 Bedroom 3 Bathroom 2646 sqft
For sale Open House
$999,999
46 9652 162A STREET, surrey, British Columbia

46 9652 162a Street

Surrey, British Columbia

Welcome to this stunning newly built ready to move in townhome in Fleetwood, featuring 4 beds,4 baths, and approximately 1640 sq ft of living space with a double car garage. The main level offers a living room,kitchen with maple cabinets and granite counters, dining room, office space, and powder room, all enhanced by new stainless steel appliances and abundant natural light. Upstairs, three spacious bedrooms with ample storage, complemented by cabinets. The fourth bedroom on the lower level has a full washroom attached to this. This unit boasts plenty of street parking and is conveniently close to amenities such as the community centre, malls, golf courses, parks, and restaurants, ensuring all your shopping and leisure needs are met. Nearby school is at walking distance. It wont last long (id:48205)

4 Bedroom 4 Bathroom 1640 sqft
For sale
$999,999
12711 115A AVENUE, surrey, British Columbia

12711 115a Avenue

Surrey, British Columbia

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

2 Bedroom 1 Bathroom 679 sqft
For sale
$999,999
30 8140 166 STREET, surrey, British Columbia

30 8140 166 Street

Surrey, British Columbia

Welcome to Nova by Mortise, a materplanned community! This 3 bed & den unit built in 2020 features nearly 1600 sqft of living space plus gorgeous 600 sqft rooftop patio. Huge Living room with electric fireplace, kitchen with stainless steel appliances including gas range and microwave. Balcony off of the dining room & powder room on main. Upstairs master bedroom has a private balcony & ensuite, plus 2 more bedrooms & full bath. Downstairs is a spacious den & double car garage. Air conditioning throughout the home. Just steps away from Surrey Sports & Leisure Complex & William Watson Elementary. (id:48205)

3 Bedroom 3 Bathroom 1593 sqft
For sale
$999,900
75 9718 161A STREET, surrey, British Columbia

75 9718 161a Street

Surrey, British Columbia

Welcome to this stunning 3-bedroom, 3-bathroom townhome located in the desirable Tynehead area of Surrey. Featuring an open-concept main floor perfect for entertaining, the home boasts a gourmet kitchen with quartz countertops and stainless steel appliances. The primary bedroom has 11-foot ceilings and an en-suite bathroom. Additional highlights include a double side-by-side garage and modern finishes throughout. The development features a clubhouse, exercise centre, tons of nature and areas for the kids and pets. Nestled in a prime location, this home offers easy access to parks, schools, shopping, and major transportation routes. Experience the best of Surrey living in this exceptional townhome. Schedule your viewing today! (id:48205)

3 Bedroom 3 Bathroom 1414 sqft
For sale
$999,900
74 15778 85 AVENUE, surrey, British Columbia

74 15778 85 Avenue

Surrey, British Columbia

Dawson and Sawyer Fleetwood Village- Complex close to future skytrain station and all the amenities are in walking distance. Its very quite complex. Going to be vacant by end of this month so you can get quick possession. Please ask your realtor to book a showing! Won't last long in the market. (id:48205)

2 Bedroom 3 Bathroom 1379 sqft
For sale
$999,900
13 10488 124 STREET, surrey, British Columbia

13 10488 124 Street

Surrey, British Columbia

This townhome sounds like a fantastic opportunity! With its spacious layout, 4 bed ,4 bath, with modern amenities, & it offers both comfort and functionality.Total area approx 2253 sqft with garage and patio. The kitchen, with its maple cabinets, granite counters, and new stainless steel appliances, seems like a dream for anyone who loves cooking. And having a separate entry for the fourth bedroom on the ground level adds flexibility for use as a mortgage helper or guest suite. .The proximity to community amenities like the community centre, malls, supermarkets, golf courses, and parks, as well as schools like Prince Charles Elementary, Khalsa School, and L.A. Matheson Secondary (id:48205)

4 Bedroom 4 Bathroom 1744 sqft
For sale
$999,900
58 19501 74 AVENUE, surrey, British Columbia

58 19501 74 Avenue

Surrey, British Columbia

Welcome home!! ONYX is situated in a quiet and family friendly neighbourhood. This bright and spacious 3 bed 4 bath plus large den 1900 sq.ft townhouse! Featuring an open concept living space. Air conditioning and EV ready. Luxury radiant heat & hot water on demand. Main floor has fantastic open concept stunning kitchen -quartz counters, S/S appliances, large living room with feature fireplace leading to deck, dining room plus large island. Lowe level has flex room/bedroom/playroom - Double side by side garage, enclosed yard. Short walk to Maddaugh Elementary. Still under home warranty, offering peace of mind for years to come! Open House: Sat June 8th, 12-2pm & June 9th, 2-4pm. (id:48205)

3 Bedroom 4 Bathroom 1919 sqft
For sale
$999,888
170 9718 161A STREET, surrey, British Columbia

170 9718 161a Street

Surrey, British Columbia

Welcome to your new home at Canopy on Tynehead Park. This one-of-a-kind development is centrally located in Surrey's Fleetwood neighborhood and is just minutes away from Hwy 1, Hwy 17 & Hwy 15. At 260 hectares, Tynehead is one of Surrey's largest parks and you are just a few steps away from accessing multiple trails, picnic areas, fishing, dog parks and more. This spacious 3 bed & 2.5 bath townhome features S/S appliances, gas range, 9ft ceilings and has been upgraded with a built-in security system and central vac. Enjoy hosting friends and family on your extra large balcony fully equipped with a natural gas hook up to bbq all year round. Front entrance is fully fenced with a nice garden area and conveniently faces the complex's amenity space with unobstructed views. Don't miss out! (id:48205)

3 Bedroom 3 Bathroom 1482 sqft
For sale Open House
$999,000
33 11267 133 STREET, surrey, British Columbia

33 11267 133 Street

Surrey, British Columbia

Luxurious Side-by-Side Double Car End Unit Townhome with Stunning Views This exceptional 5-bedroom, 3.5-bathroom end unit townhome w/ fresh paint offers breathtaking views of the Mtns and Fraser River. The main floor features 9' airy ceilings, and a striking floor-to-ceiling marble fireplace. The modern kitchen boasts the latest Samsung appliances with WiFi connectivity. Additionally, there's a bdrm and a balcony with a great view. Top floor features a spacious master suite with an ensuite Jacuzzi, along with 2 other bdrms and a full bath. The ground floor includes an epoxy double car garage w/ EV charging, a bedroom, and a full bath. Located close to Surrey Central, SkyTrain, schools, and a community centre, with quick access to the Pattullo Bridge, HWY 17, and HWY 1. 5-10 yr warranty remains. (id:48205)

5 Bedroom 4 Bathroom 1551 sqft
For sale
$999,000
12930 115B AVENUE, surrey, British Columbia

12930 115b Avenue

Surrey, British Columbia

Welcome to Central Bridgeview! why settle for a condo or townhouse when you can own renovated detached home with a 5000 sq ft lot, over 2000 soft living area, 2 level. Close to Hwy 17, Surrey central and shopping malls, Tim Hortons. Great opportunity of investors or first time home buyers as this house offers 3 bed 2 bath, a rear deck of the kitchen and huge backyard! location in quite dead end road and only steps away from Bridgeview elementary, Bridgeview park & transit. Do not wait call your realtor for private showing Today! showings SAT-SUN 2-4 PM. Still available! (id:48205)

3 Bedroom 2 Bathroom 2028 sqft
For sale
$998,900
45 10488 124 STREET, surrey, British Columbia

45 10488 124 Street

Surrey, British Columbia

Eaton Square- located in one of North Surrey's most desirable neighborhoods. With luxury high end finishes throughout, this 4 bedroom and 4 washroom is ready for a new family. Features include: 9 ft ceilings, high end stainless steel appliances, quartz countertops, a large island perfect for family gatherings. Laminate flooring, central heating and AC. The entire main floor comes with an open concept floor plan and in addition, a balcony and backyard patio. Total 2,173 sf with double garage & optional Wifi Access App, visitor parking and street parking. Close to bus/skytrain/park & ride, easy access to highways, in an ideal location and all amenities nearby. School catchments include: Khalsa school, Prince Charles Elementary, and L.A Matheson Secondary. Book you showing today! (id:48205)

4 Bedroom 4 Bathroom 1741
For sale Open House
$998,800
35 19330 69 AVENUE, surrey, British Columbia

35 19330 69 Avenue

Surrey, British Columbia

Welcome to Montebello Living in Clayton Heights. Spacious 3 bedrooms plus a HUGE recreation room on main(could be used as 4th bedroom), over 2000 sqft, double side by side garage with an extra parking on the drive way. Private South facing yard with artificial grass through out. Step away the yard, a walking trail leads you to the school, park and pound. The home features an open concept, kitchen comes with SS appliances and granite coutertops. Newer flooring/carpet/painting/hot water tank. Huge living room & dining room space ideal for family time or entertaining. Good sized master bedroom with walk-in closets & double sinks ensuite. Close to parks, resturants, willoughby centre, future skytrain station. (id:48205)

3 Bedroom 3 Bathroom 2002 sqft
For sale
$998,000
35 12585 104A AVENUE, surrey, British Columbia

35 12585 104a Avenue

Surrey, British Columbia

Welcome to Yale Gardens, a recently developed community in North Surrey. This three-level, 4-bedroom, 3.5 bathroom residence showcases a modern open-concept layout with upscale finishes. This home features stainless steel appliances, gas ranges, quartz countertops, custom millwork, and energy-efficient heating & air conditioning. A separate entry suite offers flexibility and the potential for rental income. Strategically located near restaurants, grocery stores, parks, schools, Scott Road, Surrey Central Station, Pattullo Bridge, SFU Surrey, the proposed UBC Campus, and Guildford Mall. Take advantage of the courtyard, playground, recreation room and gym amenities. Don't overlook this exclusive opportunity to be part of Downtown Surrey. Please contact for further details! (id:48205)

4 Bedroom 4 Bathroom 1925
For sale
$997,000
29 16363 85 AVENUE, surrey, British Columbia

29 16363 85 Avenue

Surrey, British Columbia

Welcome to Somerset Lane!This stunning corner unit townhouse features 4 bedrooms and 4 bathrooms, offering the spaciousness of a detached house.Large windows provide bright daylight, and two fireplaces add a cozy touch.The kitchen boasts a quartz countertop, and a new stove. Additional upgrades include fresh paint, 1-year-old flooring.The basement includes a versatile flex room and extra washroom. Enjoy private outdoor space on the patio and deck. With two garage door openers and additional front parking.Located in a family-oriented neighborhood with great schools,It's just minutes walk from a recreation center,community center, library, and shopping. A future skytrain station will be within walking distance, and highways 1 and 17 are a short drive away. Open House June 23 (2pm To 4pm) (id:48205)

4 Bedroom 4 Bathroom 2272 sqft
For sale
$994,999
3 7410 194 STREET, surrey, British Columbia

3 7410 194 Street

Surrey, British Columbia

Welcome to this 4 year young , gorgeous, Townhome the "Onyx" in Clayton. Yippee, there is Air Conditioning! 1691 sq ft offering 3 bed+Den , 2 1/2 baths, and balance of 2-5-10 Warranty. Bright, white, Open Concept, main floor. Gourmet Kitchen boasting: SS appliances, Gas range, Quartz counters, breakfast bar, pantry, coffee bar, and undermount lighting. Feature wall in livingroom with cabinets & electric fireplace and sliders to generous sized deck. Upper floor you will find well appointed Primary Bedroom with Walk-in closet incl: custom shelves. Double sinks in ensuite & stand up shower. Laundry room with storage. Radiant heating in floors , hot water on demand, built in Vacuum, and more. Below main has Den/office space with walk-out fenced yard! Walking distance to Maddaugh Elementary. (id:48205)

3 Bedroom 3 Bathroom 1691 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