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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
$799,000
402 8972 FLEETWOOD WAY, surrey, British Columbia

402 8972 Fleetwood Way

Surrey, British Columbia

Welcome to Parkridge Gardens, where you'll find this stunning 2 bed + 2 bath corner unit townhome. With over 1100 sqft of living space, this home offers a spacious and open layout that is perfect for entertaining. The kitchen is a chef's dream, complete w/ S/S appliances & beautiful countertops. Large windows throughout the home allow for an abundance of natural light, creating a warm & inviting atmosphere. Recently renovated, this home boasts new kitchen appliances, washer & dryer, cabinets, countertops & fresh paint. Conveniently located to Starbucks, McDonald's, Safeway, No Frills, Shopper's Drug Mart, Tim Hortons, Meagon Anne Macdougal Park, Falcon Dog Park, Hwy 1, Fraser Hwy & much more! School catchment is Berkshire Park Elementary & Johnston Heights Secondary School. CALL NOW! (id:48205)

2 Bedroom 2 Bathroom 1135
For sale
$799,000
42 15550 89 AVENUE, surrey, British Columbia

42 15550 89 Avenue

Surrey, British Columbia

Fully updated 3-bedroom, 2.5-bathroom unit in the conveniently located "BARKERVILLE" complex. The main floor boasts a living room, a family room with a gas fireplace, a dining area, and a fully updated kitchen featuring stainless steel appliances. Enjoy the spacious balcony off the family room. Upstairs, discover two large bedrooms and a full bathroom. The master bedroom includes a walk-in closet. The lower level features a laundry area and a third bedroom with a full bathroom. Step out to the fully fenced and grassed backyard with a patio. Pets Allowed- 3 dogs & 1 cat. Rentals Allowed! Parking for 3 cars, The school catchment is Berkshire Park Elementary and Johnston Heights Secondary. Walking distance to parks, shopping, and transit (id:48205)

3 Bedroom 3 Bathroom 1621
For sale Open House
$789,000
18 14855 100 AVENUE, surrey, British Columbia

18 14855 100 Avenue

Surrey, British Columbia

Welcome to Hamstead Mews, one of the best complex in Guildford offering townhomes, low rise and high rise building. This 1527 SQ FT townhome checks all boxes. Main floor has separate living room and kitchen with a huge patio with a powder room. Above floor has two decent size bedroom and 1 full bath. Top floor has huge bedroom with full ensuite and a large balcony as well.Unit comes 1 car garage, 1 car on the driveway and storage. Complex offers lots of amenities gym, sauna, pool, party room and tennis court. Close to all amenities , schools, guilford mall, stores and Highway 1.. OPEN HOUSE April 6&7 from 2-4 pm (id:48205)

3 Bedroom 3 Bathroom 1527
For sale
$789,000
1 16888 80 AVENUE, surrey, British Columbia

1 16888 80 Avenue

Surrey, British Columbia

Welcome to the rarely available 55+ gated community Stonecroft by Polygon! One level living in rancher duplex-style townhome with double garage. This CLEAN and BRIGHT end unit features 2 large bedrooms, 2 full baths and plenty of space - feels like a single family home! Open floorplan boasts dramatic vaulted ceilings, large living room, and bright kitchen with access to the PRIVATE backyard. Pride of ownership is evident throughout - new blinds, fresh paint and flooring in good condition makes this home move in ready. This is the perfect opportunity for someone downsizing from a single family home! Close to shopping, public transit, golf course, rec center, parks and future skytrain! Book your showing today! (id:48205)

2 Bedroom 2 Bathroom 1365
For sale
$789,000
30 8737 161 STREET, surrey, British Columbia

30 8737 161 Street

Surrey, British Columbia

Welcome to Boardwalk! Located in the desirable Fleetwood neighbourhood, near a future skytrain station. This approx. 1400 Sq. ft, 2 BEDROOM & 3 BATH unit is updated with fresh new paint, lighting fictures, rough-ins for central vacuum and stainless steel appliances. It is located to all levels of Elementary and Secondary Schools including Frost Road Elementary and Fleetwood Secondary High School, Fleetwood Community Centre, Surrey Sports and Leisure Centre, transit, Surrey Public Library, Golf Courses, Fleetwood Park, restaurants, all your shopping needs, and more! Direct access to Highway 1 and Fraser Highway for your daily commute. Boardwalk includes a large clubhouse with a rec room and an indoor hockey area. This complex is pet friendly,Double car garage with visitor and street parking (id:48205)

2 Bedroom 3 Bathroom 1402
For sale Open House
$788,000
21 19505 68A AVENUE, surrey, British Columbia

21 19505 68a Avenue

Surrey, British Columbia

Clayton Rise by Award-winning Townline Homes. This beautiful modern 2BED/2BATH townhouse. Bright and spacious unit, completely open concept spacious floor plan with a private yard. Modern kitchen, quartz countertops, premium appliances, 9 ft ceilings. Upgraded laminate floor and carpet. Fenced yard overlooks the green space. Double tandem garage with extra storage space. Located in an established community of Clayton Heights, surrounded by parks, ponds, greenways, and steps to Katzie Elementary. Walking to shopping, restaurants and recreation. Local transportation is also just a step away. Walking distance from Langley's Willowbrook Mall. Complex facilities include Clubhouse with pool, gym, pool table, and movie theatre. (id:48205)

2 Bedroom 2 Bathroom 1269
For sale Open House
$784,900
28 6895 188 STREET, surrey, British Columbia

28 6895 188 Street

Surrey, British Columbia

"BELLA VITA" a sought after complex in the heart of Clayton! In walking distance to Clayton Heights Sec., Elem, shopping, dog park, walking trails, restaurants & the future SkyTrain! This well cared for home offers a spacious open concept. The kitchen features S/S appliances, granite counters& lots of cupboard space. The main floor also features a large living room, dining rm & plenty of outdoor space w/deck off the kitchen - great for BBQ's & entertaining & walk out patio off the front living room. The upper floor offers two good sized bedrooms, the primary with a 4 piece ensuite incl. an over sized shower. Laundry is also conveniently located on the upper floor. Over 500 sf tandem garage room for 2 covered parking and storage *Some pics have been virtually staged* (id:48205)

2 Bedroom 2 Bathroom 1220
For sale
$779,900
105 19433 68 AVENUE, surrey, British Columbia

105 19433 68 Avenue

Surrey, British Columbia

THE GROVE - Court Ordered Sale - Fantastic 10 year old, 3 level, 3 bedroom. 2 bath townhome boasting over 1200 sq, ft, in a great family complex with resort style amenities including outdoor pool and indoor ball hockey rink. Homes in this location are rarely available with prominent eastern Mount Baker view and overlooking duck pond and walking paths. Very peaceful and serene location. Comfortable main level with loads of windows and functional floor plan, great kitchen with flex office work station .Upstairs features 2 good size bedrooms with ensuite and main bath. Downstairs features a front door opening to park with small fenced yard.3rd bedroom located downstairs., Massive 2 car+, storage tandem garage with one extra parking on apron. Property is SOLD on a "As is Where is" basis only. (id:48205)

3 Bedroom 2 Bathroom 1249
For sale
$779,900
26 16180 86 AVENUE, surrey, British Columbia

26 16180 86 Avenue

Surrey, British Columbia

Rarely available quiet gated 55+ townhome community, in central Fleetwood! This well maintained large 2 level home boasts laminate flooring on the main, a cozy living area with gas f/p, formal dining and powder room. Kitchen updates include warm shaker style cabinetry, tons of pantry storage, quartz countertops and whirlpool s/s appliances. Extra large primary bedroom off the main, with dual vanity and separate soaker tub and shower in the master bath. Access to the backyard from the primary bedroom and kitchen nook. Upstairs features 2 bedrooms and large bath. Double side-by-side garage. Walk to nearby cafes, restaurants and shops. Priced to sell. Call me today for a private viewing! (id:48205)

3 Bedroom 3 Bathroom 1637
For sale
$779,000
22 15353 100 AVENUE, surrey, British Columbia

22 15353 100 Avenue

Surrey, British Columbia

A luxurious, cozy home in the Soul of Guildford! New floors! new bathroom cabinets! This home is situated conveniently within walking distance to T&T Supermarket, Guildford Mall, schools, parks, child daycare, and many restaurants to efficiently satisfy your everyday needs! 2 side-by-side underground parking. 1 storage locker. Gated neighbourhood for your family's extra security! Easy access to Highway 1. (id:48205)

3 Bedroom 2 Bathroom 1141
For sale Open House
$775,000
53 8473 163 STREET, surrey, British Columbia

53 8473 163 Street

Surrey, British Columbia

Beautiful, centrally located 3bed+2full bath home features an open kitchen w/stainless steel appliances for the chef in you! Relax/entertain friends in your 9' high spacious & well lit living & dining areas or BBQ & kick back on your private balcony. Your spacious primary bedroom has a walk through closet & spa like ensuite bath that melts your daily worries away! Insuite laundry, under stair stg & 2 car attached garage (w/space for office/workshop). Few mins drive to: Fleetwood & Bonnie Schrenk Parks, Elementary & Secondary Schools. Restaurants, shops, cafes, medical services, market, banks etc at & around Fleetwood Park Shopping Ctr. 15 mins to Willoughby, Guildford & Central City Malls. Easy access to Fraser Hwy. Great amenities at Rockwood Clubhouse. Open May 4, 2-4pm & May 5, 3-5pm. (id:48205)

3 Bedroom 2 Bathroom 1284
For sale Open House
$775,000
149 10077 156 STREET, surrey, British Columbia

149 10077 156 Street

Surrey, British Columbia

Well maintained and charming 4 bed 2.5 bath townhome in GUILDFORD PARK ESTATES. Main floor features cozy fireplace, powder room and access to your patio. Upstairs you'll find 3 spacious bedrooms and 2 full bathrooms. Below, one bedroom, recreation room, and ensuite washer and dryer. 1500 SQFT of living space with a double car garage, roofs redone, new floors installed on ground floor and fresh paint throughout. It's THE perfect home for a growing family! Walking distance to Johnston Heights secondary, William F Elementary, parks, AND GUILDFORD MALL & PLAZA including grocery stores, gyms, restaurants, rec. centres, library, healthcare, and many more! OPEN HOUSE SAT&SUN 2-4PM (id:48205)

4 Bedroom 3 Bathroom 1500
For sale
$774,999
33 19128 65 AVENUE, surrey, British Columbia

33 19128 65 Avenue

Surrey, British Columbia

Stylish, Spacious & Affordable. This 3 level, 1188 SF, 2 bed plus den available in the quietest location in town, close to everything yet away from it all. Open main floor w/ Beautiful laminate floors, 9' ceiling, gourmet kitchen w/ quartz counters, soft close cabinets, S/S appliances, new refrigerator in 2022, Elegant dining & living room & a large balcony perfect for BBQs. Downstairs DEN can be rented! Large master bedroom. Top of the shelves wall painting done in entire house in 2022 including garage, Low strata fees, pet friendly & 3 CAR PARKING! This unit offers the largest parking with 1 covered and you can fit 2 vehicles outside tandem. This unit faces the GREENBELT, which is amazing for pets or kids in the family. This will not LAST! (id:48205)

2 Bedroom 2 Bathroom 1188
For sale Open House
$769,900
28 19299 64 AVENUE, surrey, British Columbia

28 19299 64 Avenue

Surrey, British Columbia

Step into luxury at Greenfield Living in the Heart of Clayton Heights! This modern 2 bdrm, 3 bath 1166 sqft bright & spacious townhome defines fine living & invites you into a world of luxury & seamless organization with an open concept floor plan, fireplace, & built-in entertainment. The entertainer's kitchen features contemporary cabinetry, large island, stainless steel appliances, & quartz countertops. The master features a spa-like en-suite & a walk-in closet. Comes with a SIDE BY SIDE double garage. This location offers convenience by being near Langley Hub with quick access to restaurants, shops, cafes, parks, schools, walking distance to Willowbrook Mall, & future skytrain! Make it your modern suburban haven. Strata fee includes water. Welcome home! (id:48205)

2 Bedroom 3 Bathroom 1166
For sale
$769,890
W502-10828 139A STREET, surrey, British Columbia

W502-10828 139a Street

Surrey, British Columbia

North east Corner Unit! 2 Bedromm+2 Washroom+ 2 parking! Experience the pinnacle of sophisticated living in Surrey Centre Area! ideally located near Surrey City Centre. Situated in a vibrant, pedestrian-friendly neighborhood brimming with boutiques, green spaces, eateries, and the upcoming 140th St Skytrain station, ensuring convenience at your doorstep. Seize the opportunity to be part of this dynamic neighborhood! $5,000 credit at completion! (id:48205)

2 Bedroom 2 Bathroom 833
For sale Open House
$769,000
86 19505 68A AVENUE, surrey, British Columbia

86 19505 68a Avenue

Surrey, British Columbia

Spacious 2-bedroom, 2-bathroom townhouse in a desirable location at Clayton Rise! This 1200 sqft home displays a cozy fireplace in the living room, large windows, and a kitchen with quartz countertops and a walk-out patio. Upstairs, there are two large bedrooms with the master bedroom featuring an enSuite bathroom with a double sink vanity and glass door shower. Enjoy the private patio overlooking green space, perfect for outdoor gatherings. Amenities include a clubhouse with an outdoor pool, gym, movie theater, and pool table. Live the ideal lifestyle in this charming townhouse with fantastic community offerings! (id:48205)

2 Bedroom 2 Bathroom 1231
For sale Open House
$769,000
504 9268 122 STREET, surrey, British Columbia

504 9268 122 Street

Surrey, British Columbia

Welcome to Whispering Cedars, very well maintained 2-level townhome it boasts 3 bedrooms & 2 bathrooms. Located in Queen Mary Park, this town home is walking distance to both levels of Elementary (Kirkbride) and Secondary (L.A. Matheson) schools and minutes away from public transit. The main includes a living, dining, kitchen, flex room, separate storage spaces and patio with a privately fenced backyard. Upstairs includes 3 spacious bedrooms and additional storage space. Updated interior with laminate flooring paint, kitchen cabinets and tile work in the bathrooms plus lots of storage. (id:48205)

3 Bedroom 2 Bathroom 1260
For sale Open House
$764,900
79 10818 152 STREET, surrey, British Columbia

79 10818 152 Street

Surrey, British Columbia

Welcome to "Woodbridge Estates"! This EXTREMELY well maintained END UNIT is sure to impress! Bright, open & airy floorplan with lots of windows allow for TONS of natural light! Kitchen features a gorgeous gas stove, S/S fridge & dishwasher and a stunning backspash! 3 nice sized bedrooms completes the well laid out upstairs. Below you will find an oversized family room & den/office. Amenities include an indoor pool & sauna, plus a playground for the kids. Located in the Bolivar Heights area with easy access to Guildford Mall, Community Centre, Port Mann Bridge/ Highway #1, parks and grocery stores. Relax outside w/ your fully fenced back patio, perfect for entertaining! Low Strata Fees makes this a fantastic opportunity! This one will go fast! (id:48205)

3 Bedroom 3 Bathroom 1634
For sale Open House
$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). 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 12 noon to 2 pm Saturday27 April and 2pm to 4 pm Sunday 28 April. (id:48205)

2 Bedroom 2 Bathroom 1206
For sale Open House
$759,900
138 19433 68 AVENUE, surrey, British Columbia

138 19433 68 Avenue

Surrey, British Columbia

Check out this cozy 1190+ ft.² 2 Bed, 3 Bath + Den/Office townhome at The Grove in Clayton. This end unit home offers 9' ceilings & lots of windows for loads of natural light. The main floor features: living room w/ built ins, dining room & kitchen with large island, S/S appliances plus the large 14' x 9' deck just steps out of the kitchen. Upstairs are 2 bedrooms, 2 full baths & laundry. The home office/den and a 1/2 bath are on the lower floor. Parking for 2: single garage (EV charging ready) + large pad. Complex amenities include: 2 clubhouses, 2 gyms, mini indoor floor hockey rink, theatre room & outdoor pool. Minutes from Hwy 1 & near the future Skytrain station! Walking distance to everything: grocery, the mall, breweries, parks & Katzie Elementary. (id:48205)

2 Bedroom 3 Bathroom 1192
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 Open House
$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 Open House
$749,900
66 10806 152 STREET, surrey, British Columbia

66 10806 152 Street

Surrey, British Columbia

End Unit in great location in Woodbridge. Three level townhome with 3 bedrooms and 3 bathrooms. Over 1600 square feet with spacious private yard off the living room. Home has some upgrades and a finished rec-room in the basement. Located in a family oriented complex with playground and an indoor pool. Well cared for complex handy to all Guildford amenities, transportation, schools and shopping. (id:48205)

3 Bedroom 3 Bathroom 1656
For sale Open House
$749,900
92 7088 191 STREET, surrey, British Columbia

92 7088 191 Street

Surrey, British Columbia

Welcome to "MONTANA" in Clayton Heights! This RARELY available, extremely well kept 3 bedroom, 2 bath townhouse is SURE to impress! Located in the BEST area of the complex with a view of the fountain and greenspace! Open & BRIGHT flowing floorplan w/large windows bringing in TONS of light! Absolutely STUNNING kitchen! Featuring laminate flooring, S/S appliances, granite counters, fireplace, large deck & patio. Enjoy your private, fully fenced yard with turf - perfect for enjoying those warm summer evenings! Hazelgrove Elementary School and Clayton Park are both just steps away. Perfect for Families. You can't beat this location! Open House: May 4th & 5th 12:00pm - 2:00pm. (id:48205)

3 Bedroom 2 Bathroom 1242
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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