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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
$762,000
401 8972 FLEETWOOD WAY, surrey, British Columbia

401 8972 Fleetwood Way

Surrey, British Columbia

Hard to find gorgeous and newly renovated 2 bed 2 bath ground floor rancher style townhouse in a quiet and safe gated complex! Large Master bedroom w/ huge walk-in closet with extra shelf space. In-floor radiant heating, LED mobile/voice controlled lighting in most rooms, 2 patios & large green space (east) with lots of morning sun. 1 garage parking, 2nd parking stall right outside the house (rarely found in any other unit in the complex). 1 dog or cat allowed (44 lbs max). Practically a new unit with the renovations which include a new building envelope, patio doors, and windows. Roof was re-done a few years back. Steps to No Frills, Save On Foods, Safeway, Shoppers Drug Mart, Bus stops & the upcoming sky train. OPEN HOUSE CANCELED for today. ACCEPTED OFFER with S/R on Friday 26th April (id:48205)

2 Bedroom 2 Bathroom 1206
For sale
$758,890
E504 10828 139A STREET, surrey, British Columbia

E504 10828 139a Street

Surrey, British Columbia

CORNER UNIT at Viktor. Centrally located near Surrey City Centre, SkyTrain, Bus Stops, Shopping, Schools, Parks & easy Hwy 1 access & all basic amenities. Located on 5th Floor & Spacious 2 Beds & 2 full Baths Unit. Perfect for First Time Home Buyers & Investors. Estimated completion July - September 2024. (id:48205)

2 Bedroom 2 Bathroom 899
For sale
$749,999
25 15353 100 AVENUE, surrey, British Columbia

25 15353 100 Avenue

Surrey, British Columbia

Superb townhouse featuring 2 generously sized bedrooms plus a den, centrally located in Guildford. Enjoy the convenience of being within walking distance to Guildford Mall, TNT grocery, various shopping outlets, restaurants, and recreational facilities. With easy access to Highway 1 and nearby schools, this gem is situated in a secure gated complex. Inside, discover a spacious floor plan complemented by laminate flooring, stainless steel appliances including a gas stove, a sleek bar-style granite counter, and modern cabinetry. You'll also have the convenience of 2 side-by-side parking stalls and a locker. Additionally, residents can take advantage of the clubhouse amenities, which include a lounge, party room, pool table, and ping pong and strata fees includes GAS & HOT WATER! (id:48205)

2 Bedroom 2 Bathroom 1041
For sale
$749,998
W602 10828 139A STREET, surrey, British Columbia

W602 10828 139a Street

Surrey, British Columbia

PENT HOUSE WITH VIEWS OF MOUNTAINS. Near Surrey City Centre, live at the SOLD OUT Viktor presale and enjoy the convenience of a thriving, walkable community filled with shops, parks, restaurants and the future 140th St Skytrain station! This large 2 bed 2 bath home features high ceilings, luxurious wide plank laminate flooring throughout, elegant two-toned cabinetry, ample storage and stunning quartz countertops in the kitchen. Spa-like bathroom with oversized white tile and soaker tub is the utmost in function and style. Includes 1 parking. $5,000 credit upon completion. Suitable for a family or an investment opportunity. Completion July/Aug 2024. (id:48205)

2 Bedroom 2 Bathroom 783
For sale Open House
$749,900
7 8767 162 STREET, surrey, British Columbia

7 8767 162 Street

Surrey, British Columbia

Welcome to TAYLOR by MOSAIC. This bright and spacious 2 bedroom + large den townhome offers you the open concept layout you've been searching for! With generous living areas, big windows, and an oversized sliding door leading out to the large sun deck, this home is perfect for entertaining. You'll love to cook in this modernly designed kitchen with ample storage, upgraded stainless steel appliances, and a sunny south facing window that lets the sun shine in. Upstairs, you'll find 2 bedrooms, laundry, and a full bathroom. The entrance area has a large den which is ideal for a home office & a powder room. School Catchments: Frost Road Elementary & North Surrey Secondary. This home is a MUST SEE! Contact us today for a private viewing. OPEN HOUSE: SAT & SUN Apr. 20th & 21st 2-4PM. (id:48205)

2 Bedroom 2 Bathroom 1200
For sale
$749,900
50 8737 161 STREET, surrey, British Columbia

50 8737 161 Street

Surrey, British Columbia

Welcome to the Boardwalk in the heart of Fleetwood. This Spacious bright and open home townhome layout features Liv/Din with gas fireplace built in surround sound and main floor bathroom . Kitchen very well designed with newer SS appliances and additional Flex area leading to large deck and fully fenced yard. Upstairs with 2 Large 2 bathrooms bedrooms Primary with 3 pc ensuite. Garage is 38x11, room at the back for your creative ideas with 2 windows. All this walking to Fleetwood town Centre and future skytrain station. (id:48205)

2 Bedroom 3 Bathroom 1314
For sale
$749,500
23 6555 192A STREET, surrey, British Columbia

23 6555 192a Street

Surrey, British Columbia

UNOBSTRUCTED views & close to all amenities for every stage of life. This over 1450 sqft, 2 bed, 2 bath home at Carlisle offers a spacious layout, double car garage & BONUS driveway parking. Beautiful fireplace surround, crown moulding & fresh paint throughout along with unobstructed, East facing balcony views. Tastefully updated kitchen c/w granite counters, updated lighting and plenty of elbow room in the dining area. Upstairs, primary bedroom continues to delight with room for a King sized bed, walk in closet c/w custom cabinetry and 4 piece bathroom. Secondary bedroom offers lots of space to accommodate a King sized bed and home office. Unit 23 has it all, close to shopping, daycare facilities, Katzie Elementary & no pet size restriction. (id:48205)

2 Bedroom 2 Bathroom 1457
For sale
$749,000
79 16233 83 AVENUE, surrey, British Columbia

79 16233 83 Avenue

Surrey, British Columbia

Beautiful & bright 2 bedrooms, 1.5 bathroom town home. Great location near shopping transportation and schools. Walk to community center, library and park. Spacious kitchen with granite counter and an eating area and large pantry for lots o f storage. Nice deck off the kitchen ideal for BBQ. 2 bedrooms and a 5pc bath up and a 2pc on the main floor. Double tandem garage with lots of storage that has access to the fenced back yard for the kids or your pets to play. Lots of visitor parking in the complex. Veranda, built an award winning builder Adera, has a very low strata fee and is located in the heart of Fleetwood, walking distance to shops, bus stop, restaurants, library, gym & much more. Call for your own showing. (id:48205)

2 Bedroom 2 Bathroom 1175
For sale Open House
$749,000
82 8775 161 STREET, surrey, British Columbia

82 8775 161 Street

Surrey, British Columbia

Welcome to Your Dream Home! This Beautiful & Well Kept 2 Bed & 2 Bath Three Sorey Townhome in the Most Demanding & prime neighbourhood of Fleetwood Tynehead features with a very Spacious Living and Dining Area, Kitchen with Stainless Steel Refrigerator & Dishwasher. Very quiet location within the complex with a sunny private south backyard right off the main floor. Complex roof has been redone couple of years ago. Double tandem garage with extra storage at the back. Very Close walking distance to public and private schools, Shopping & Transit. (id:48205)

2 Bedroom 2 Bathroom 1251
For sale
$742,390
E313 10828 139A STREET, surrey, British Columbia

E313 10828 139a Street

Surrey, British Columbia

Welcome to luxury living in the heart of Surrey! This brand new 2 bedroom, 2 bathroom condo, set to complete in June 2024 offers the ultimate in modern convenience and style. With top-notch amenities and a prime location within walking distance to the mall, restaurants, and recreational facilities, this highly sought-after condo building is already sold out. Don't miss your chance to secure your place in this vibrant community! (id:48205)

2 Bedroom 2 Bathroom 864
For sale
$739,900
507 13458 95 AVENUE, surrey, British Columbia

507 13458 95 Avenue

Surrey, British Columbia

Your search for Home Ends with this Spacious, Corner 2 Bed/2 Bath located just South of Surrey Central, Galilea is minutes away from city's shopping, entertainment, universities, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. This home is located in park heaven, with 4 parks and a long list of recreation facilities within a 20 minute walk from this address. (id:48205)

2 Bedroom 2 Bathroom 802
For sale
$739,890
E303 10828 139A STREET, surrey, British Columbia

E303 10828 139a Street

Surrey, British Columbia

CORNER UNIT! Live in the heart of the action! This stunning 2 bed, 2 bath,2 parking stalls, condo in Surrey Central puts you right where you want to be. Experience the best of urban living with shopping, dining, and easy transit access all at your doorstep. This stylish condo offers the perfect blend of comfort and convenience. Don't miss your chance to live it up in Surrey Centre.$5,000 decoration allowance credited at completion. (id:48205)

2 Bedroom 2 Bathroom 832
For sale
$739,785
253 9452 PRINCE CHARLES BOULEVARD, surrey, British Columbia

253 9452 Prince Charles Boulevard

Surrey, British Columbia

Welcome home to this spacious, 2-storey, 1,502 sq. ft. 3 bedroom, 2 bathroom Townhome in Prince Charles Estates. Features include new paint throughout, 2 large bedrooms, an opposing 17 x 12 primary bedroom privately separated by oversized laundry-room and full washroom located on top floor. Perfect for your family needs! Large private fully fenced back yard great for the kids and entertaining. Complex amenities include Club House, Gym, Sauna/Steam-room, & Tennis Courts. Centrally located, within walking distance to shopping, transit and schools. Act Fast this one won't last! (id:48205)

3 Bedroom 2 Bathroom 1502
For sale Open House
$729,000
187 16177 83 AVENUE, surrey, British Columbia

187 16177 83 Avenue

Surrey, British Columbia

Welcome to popular, sought-after, family-oriented & problem-free VERANDA !! This Charming 2 Bdrm private corner unit is situated in a quiet location within the complex boasting a large bright kitchen loaded with cabinetry and SS appliances eating area has a sliding glass door to a big sundeck overlooking a large western exposed backyard perfect for BBQ's and family fun. Laminate flooring throughout main Cosy great rm with custom BI wall feature upstairs boasts exceptionally Large bdrms with cheater ensuite Clean well maintained with 2 car tandem garage location location location Nestled in the Heart of Fleetwood minutes away from Shopping transportation, schools and a stone throw from future Skytrain stop. Won't disappoint! (id:48205)

2 Bedroom 1 Bathroom 1145
For sale Open House
$725,000
23 15353 100 AVE AVENUE, surrey, British Columbia

23 15353 100 Ave Avenue

Surrey, British Columbia

Welcome to this gated, 3-level, 2-bedroom plus den townhouse in the center of Guildford. Steps to Guildford Town Centre, T&T, Walmart, Harold Bishop Elementary, Johnston Heights Secondary and public transit. Minutes to Green Timbers Park and Hwy 1. Open concept layout with a warm and inviting living and dining area. Fresh new paint, improved lighting and flooring. Storage locker, 2 underground parking stalls with plenty of visitor parkings. Book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 1090
For sale
$720,000
411 10477 154 STREET, surrey, British Columbia

411 10477 154 Street

Surrey, British Columbia

Well-maintained penthouse condo sitting in the wonderful G3 Residences in the heart of Guildford. Bright and open 2 bedroom, 2 full bathroom NE CORNER & TOP FLOOR suite with 9'-10' ceilings throughout! Gorgeous open concept kitchen, eating area & living room with floor to ceiling windows to allow tons of natural light! Stainless Steel appliances, quartz counters, tile splash and soft close shaker style cabinetry. Cozy covered deck with views of the mountains! Includes 1 storage locker & 1 parking + tons of guest parking! Guest suite, & clubhouse includes a billiards & ping pong table. Steps away from Guildford Mall and one block from hwy 1. RENTALS ALLOWED! OPEN HOUSE MARCH 9/10 2-4PM (id:48205)

2 Bedroom 2 Bathroom 757
For sale
$714,890
E421 10828 139A STREET, surrey, British Columbia

E421 10828 139a Street

Surrey, British Columbia

Experience the vibrant heart of the Surrey City Centre in the SOLD OUT Viktor presale! Embrace a dynamic, walkable community filled with shops, green spaces, eateries, and the forthcoming 140th St SkyTrain Station. This spacious 1-bed sanctuary boasts soaring ceilings, lavish wide plank laminate floors, sophisticated dual-toned cabinets, generous storage, and exquisite quartz countertops in the kitchen. Indulge in the spa-like bathroom adorned with oversized white tiles and a deep soaker tub, blending functionality with elegance. Discover Viktor's curated collection of 254 European-inspired Studios, 1 & 2-bed homes, strategically situated near Surrey City Centre with easy access to SkyTrain, retail outlets, parks, and more! Call today for more info! (id:48205)

2 Bedroom 2 Bathroom 850
For sale
$714,890
W211 10828 139A STREET, surrey, British Columbia

W211 10828 139a Street

Surrey, British Columbia

Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain and Retail. 2 Bedroom unit on the top floor one of the bigger 1 beds in the building. 864 sq ft inside and 66 sq ft balcony. (id:48205)

2 Bedroom 2 Bathroom 864
For sale
$709,390
W203 10828 139A STREET, surrey, British Columbia

W203 10828 139a Street

Surrey, British Columbia

Discover urban living at its finest in the heart of Surrey Central! This stylish 2 bedroom, 2 bathroom condo offers the perfect blend of comfort and convenience. With its prime location, you'll enjoy easy access to shopping, dining, and transit options. Don't miss out on this fantastic opportunity to experience the best of Surrey living! Interior: 821 Sqft, Exterior: 72 Sqft = 893 Sqft (id:48205)

2 Bedroom 2 Bathroom 821
For sale
$703,890
W402 10828 139A STREET, surrey, British Columbia

W402 10828 139a Street

Surrey, British Columbia

Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain and Retail. 2 Bedroom unit on the top floor one of the bigger 1 beds in the building. 864 sq ft inside and 66 sq ft balcony. (id:48205)

2 Bedroom 2 Bathroom 864
For sale
$699,900
622 9456 134 STREET, surrey, British Columbia

622 9456 134 Street

Surrey, British Columbia

Location! Location! Location! Centrally located Quinn Complex by Porte Homes is steps away to both level of Schools, Sky Train Station, Surrey Memorial Hospital, and Surrey Central Mall. Interior Design by award winnig Portico features spacious and illuminated living and kitchen (Quartz Countertop & Island with breakfast bar for extra seating) with ample storage, closet space and large oversized windows. With total area of 905-929 sq.ft, the unit has a very functional contemporary layout that includes 2 bedrooms with a decent size Den, 2 full bathrooms and 1 Parkings & 1 bike locker included in the price. Additional parking can be bought. Anticipated completion - Summer of 2024. Unlock Your Dream Home with just a 10% deposit now! Seize the opportunity now to secure your new home. (id:48205)

2 Bedroom 2 Bathroom 785
For sale
$699,900
221 9456 134 STREET, surrey, British Columbia

221 9456 134 Street

Surrey, British Columbia

Welcome to Quinn, an expertly designed community by award winning developer Porte Homes and interior design by Portico. This large 2 Bed 2 Bath plus den offers a breathable living space, separated bedrooms, walk through closet in the primary, a large den perfect for a home office or pantry, and a flowing kitchen-dining-living space. Enjoy high ceilings, expansive windows, full-size SS appliances, a pantry wall, kitchen island, and more. Close proximity to Skytrain, schools, shops, services, and restaurants, and dozens of career and life opportunities in the heart of Central City. Estimated Completion Dec 2024 - Feb 2025. (id:48205)

2 Bedroom 2 Bathroom 879
For sale
$699,900
81 19250 65 AVENUE, surrey, British Columbia

81 19250 65 Avenue

Surrey, British Columbia

Sunberry Court 2 bdrm, 2 bthrm townhouse conveniently situated in the heart of Clayton Heights. This unit has a bright and spacious open layout. Living room consists of a cozy gas fireplace & sliding doors providing access to front covered deck; a great place to enjoy your morning coffee. Kitchen is finished with all SS appliances & also has access to a second covered deck. 2 bdrms upstairs including a mstr w/4 piece ensuite. All of this conveniently located close to playgrounds, Shops, Restaurants, Schools, walking distance to Transit & future Sky Train station. Tandem garage provides 2 covered parking spaces & enough room for an additional parking space in front; 2 pets allowed w/restrictions. (id:48205)

2 Bedroom 2 Bathroom 1132
For sale
$699,900
407 13458 95 AVENUE, surrey, British Columbia

407 13458 95 Avenue

Surrey, British Columbia

Your search for Home Ends with this Spacious, Corner 2 Bed/2 Bath Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. This home is located in park heaven, with 4 parks and a long list of recreation facilities within a 20 minute walk from this address. (id:48205)

2 Bedroom 2 Bathroom 802
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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