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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 Open House
$889,000
3 19433 68 AVENUE, surrey, British Columbia

3 19433 68 Avenue

Surrey, British Columbia

Discover the epitome of modern living in this exquisite 4-bedroom, 3-bathroom residence. Indulge in luxury with a spacious walk-in closet and a serene ensuite bathroom, offering a private retreat within your own home. Versatility meets functionality with a flexible room, perfect for a home office, gym, or playroom. Park with ease in the double garage and relish the outdoor ambiance on the balcony, or have a barbeque day with family at your own private yard. This is more than a home; it's a sanctuary tailored to your every desire. (id:48205)

4 Bedroom 3 Bathroom 1645 sqft
For sale
$889,000
43 15399 GUILDFORD DRIVE, surrey, British Columbia

43 15399 Guildford Drive

Surrey, British Columbia

"This beautiful move in ready townhouse in the heart of Guildford is a must see! Access Guildford Town Centre, Guildford Recreation Centre & Pool, Landmark Cinemas, Guildford Heights Park, Schools, Restaurants and more within a 10 minute walk. Featuring 3 good size bedrooms on the upper level, 4 bathrooms, a large living room, with Entertainment centre Cabinets (can Stay if wanted), kitchen with custom island, covered lower patio, tandem 2 car garage. Residents can enjoy access to a clubhouse that includes a gym, party room and guest space. Easy access to Highway 1 in either direction. Call now to schedule a viewing." (id:48205)

3 Bedroom 4 Bathroom 1508 sqft
For sale
$889,000
32 19448 68 AVENUE, surrey, British Columbia

32 19448 68 Avenue

Surrey, British Columbia

GORGEOUS 2 Storey w/BSMT END UNIT! This elegant S. facing townhome boasts 4 Bedrooms, 3 Baths with nearly 1500 Sq Ft of spacious living. Open-design on main floor creates seamless flow & plenty of natural light. Kitchen features newer SS Appls, Granite countertop. Center ISL, loads of cabs, pot lights, with access to 160 Sq Ft covered balcony overlooking fenced backyard; kids & pets! Family room, formal dining & living with new GAS fireplace, & 2pc bath. Upstairs is a Huge master with VAULTED Ceiling, & 3 pc/shower ensuite, 2 other good-sized BDRMS, laundry, & 4pc Main bath. BSMT offers a 4th BDRM or office. DBL tandem garage & tons of storage. Visitor parking right outside the door! Pet-friendly complex located near schools, Shopping, Transit & proposed skytrain. OPEN HSE 25th, SAT 2-4PM (id:48205)

4 Bedroom 3 Bathroom 1497 sqft
For sale
$888,800
112 9978 151 STREET, surrey, British Columbia

112 9978 151 Street

Surrey, British Columbia

Welcome to #112 Cedar Grove Estates-a rare, south-facing end unit offering main-floor living with lots of sunlight. Recently updated, this home features a modern kitchen with quartz counters and stainless appliances, a cozy living room, family and dining room with a gas fireplace, and three spacious bedrooms upstairs. The primary suite boasts a luxurious ensuite. Low strata fees, a well-maintained complex, and a 2nd parking stall steps from your door make this the ideal home. A few minutes to Guildford Mall, TNT market, Green Timbers Forest, Hawthorne Rotary Park and countless more amenities. Don't wait to make this your new home! (id:48205)

3 Bedroom 3 Bathroom 1685
For sale
$888,000
43 16388 85 AVENUE, surrey, British Columbia

43 16388 85 Avenue

Surrey, British Columbia

Discover the perfect blend of comfort and style in this exquisite 3 bed + 3 bath end unit townhome at Camelot Village, boasting over 1600 sqft of living space with a spacious layout and high ceilings ideal for hosting guests. The chef-inspired kitchen features stainless steel appliances and stunning countertops, while large windows flood the home with natural light, creating a cozy ambiance. Enjoy the convenience of living near Starbucks, McDonald's, Safeway, No Frills, Shopper's Drug Mart, Tim Hortons, Bonnie Schrenk Park, Frost Park, Hwy 1, Pacific Hwy, Fraser Hwy, and more. With Frost Road Elementary and North Surrey Secondary School in the school catchment area, this home is perfect for families. Don't miss out on this incredible opportunity - call now to schedule a viewing! (id:48205)

3 Bedroom 3 Bathroom 1655 sqft
For sale
$885,000
74 6852 193 STREET, surrey, British Columbia

74 6852 193 Street

Surrey, British Columbia

Welcome home to this beautifully maintained bright open plan flooded with natural light! Private end unit with rare triple garage! Double garage with one bay double deep- great for extra car, toys, basement recreation area or workshop! Additional ample street + apron parking! Modern laminate floors, family room off spacious kitchen with eating area, granite counters & 6 recently updated stainless appliances! 3 spacious bedrooms upstairs, luxury ensuite with soaker tub & separate shower. Enjoy your coffee on your covered deck overlooking the fenced yard & flowering shade trees. Clubhouse w/ lounge, kitchen, meeting room & gym. Low strata fees! Stroll the adjacent Katzie Park trails & lake, nearby dog park & to schools. Walk to the future Skytrain station! Close to Willowbrook Mall. A rare opportunity -too good to last! Open House Sat May 4, 2:00 - 4:00 pm. (id:48205)

3 Bedroom 3 Bathroom 1586 sqft
For sale
$885,000
1 19180 65 AVENUE, surrey, British Columbia

1 19180 65 Avenue

Surrey, British Columbia

[[[ 4 BED TOWNHOUSE - CLAYTON CLOVERDALE ]]] - Corner Unit 1,650 sq.ft Living Space Plus Garage. ( STILL AVAILABLE ) (id:48205)

4 Bedroom 3 Bathroom 1664
For sale
$884,999
22 19299 64 AVENUE, surrey, British Columbia

22 19299 64 Avenue

Surrey, British Columbia

Welcome to Greenfield Living! Located in the most desirable neighbourhood of South Clayton. This unit has 3 BEDROOMS, 3 BATH plus Den, is over 1300 Sq. ft and to top it off, has a double car garage with additional visitor parking available. The beautifully designed kitchen has stainless steel appliances, wood cabinets, granite countertops and a large island. Walking distance to Langley hub, shops, parks, restaurants, transit, and is nearby Latimer Road Elementary and Clayton Heights Secondary. (id:48205)

3 Bedroom 3 Bathroom 1327 sqft
For sale
$881,900
105 7088 191 STREET, surrey, British Columbia

105 7088 191 Street

Surrey, British Columbia

"MONTANA" Situated in one of Clayton's most popular neighbourhoods. This 4 BEDROOM, 3 BATHROOM townhome is perfect for a growing family. Hazelgrove Elementary and the playgrounds, ball fields and waterpark of Hazelgrove Park are right across the street. Just a short walk to Clayton Heights Secondary and the future Skytrain extension. Bright and spacious with 1,689 sq. ft. of living space. The Kitchen is elegantly appointed, dark wood cabinets, granite counter tops, tile backsplash and S/S appliances. Laminate flooring throughout the main floor. Rarely available "DOUBLE SIDE BY SIDE GARAGE". A fenced front yard and a cozy rear sundeck with view of the greenspace pathway. Well maintained, new hot water tank in 2023 and new dishwasher in 2024. OPEN HOUSE SATURDAY JUNE 1, 2-4 PM. (id:48205)

4 Bedroom 3 Bathroom 1689 sqft
For sale
$880,000
26 6945 185 STREET, surrey, British Columbia

26 6945 185 Street

Surrey, British Columbia

Craftsman-inspired 3BR 2.5BTH Clayton corner unit. This thoughtfully designed residence welcomes you w/ gorgeous, oversized windows highlighting10ft ceilings. The heart of your fabulously maintained space is an open, gourmet kitchen featuring sleek, stainless steel Whirlpool appliances & crisp, quartz counters. Your naturally well-lit living area offers an elegant, modern fireplace next to a generous, South-facing balcony. Sunlit, spacious bedrooms exude relaxation w/ primary bed offering a walk-in closet & spa-like ensuite. This stunning Mackenzie Estates home has an extra-large garage w/ 4 windows & door access to the backyard. Walk to both levels of schools, Save On Foods, Hillcrest Village, Clayton Crossing, restaurants, buss tops & a few blocks to Willowbrook & multiple major routes. (id:48205)

3 Bedroom 3 Bathroom 1396 sqft
For sale
$879,900
105 10333 133 STREET, surrey, British Columbia

105 10333 133 Street

Surrey, British Columbia

Assignment. VERY MOTIVATED SELLER. In Surrey central, a 2-bedroom + den, 3-bathroom urban oasis awaits. Walking distance to attractions like the skytrain, UBC, SFU, and Surrey Central shopping. High-end finishes, a gourmet kitchen, 2 parking spots with storage locker and luxurious bathrooms with Central AC installed complete this exceptional property. Make it yours and elevate your lifestyle! Very Motivated Seller, try your offers! (id:48205)

2 Bedroom 3 Bathroom 1144 sqft
For sale
$879,000
110 16031 82 AVENUE, surrey, British Columbia

110 16031 82 Avenue

Surrey, British Columbia

Extensively renovated 2BR 2BTH 1-storey end unit Fleetwood townhome. This ground-level home boasts stunning upgrades throughout, incl. luxury vinyl plank floors, paint, lighting & switches, privacy blinds, baseboard heaters & thermostats. The completely refreshed kitchen features quartz counters w/ breakfast bar, porcelain tile backsplash, stainless steel appliances w/ a gas range & wall oven, in-pantry coffee station, undermount sink w/ garburator plus glass-accented cabinets w/ in-cabinet lighting. Glass 'barn' doors lead to a spacious dining/living room w/ new gas fireplace next to a peaceful, south-facing yard. Other updates incl. ensuites w/ double vanities, new H/W tank & a refreshed laundry closet w/ new washer, dryer & counter. Walk to schools, grocery & a future skytrain station. (id:48205)

2 Bedroom 2 Bathroom 1618 sqft
For sale
$879,000
53 6852 193 STREET, surrey, British Columbia

53 6852 193 Street

Surrey, British Columbia

Welcome home to Indigo. A superb Townhouse development in the heart of Cloverdale. This Perfectly located unit within the complex, backs onto the courtyard and is adjacent to a 9 acre park with lake & walking trails. Some of the fully renovated Features include 9' ceilings with bright open living and family room, bamboo floors on main, granite countertops w/maple cabinets. Full unit has been painted, new faucets and finishings not a single part of this property that has not been upgraded. 3 generous size bedrooms with a "flex room" downstairs, covered porch and fenced yard. Only one owner occupant gives low wear and tear. Immaculate condition, shows like a showhome. Call to view! (id:48205)

3 Bedroom 3 Bathroom 1476
For sale
$879,000
38 9405 121 STREET, surrey, British Columbia

38 9405 121 Street

Surrey, British Columbia

Very well maintained 3 bed & 3 Bath townhome features spacious nice layouts featuring Gourmet Kitchen, Stainless Steel Appliances, and Quartz Countertops, Powder Room on Main, Quiet fenced backyard with lots of Privacy. Central Location, Short walking distance to transit, schools, and Strip Mall. Not to be missed! (id:48205)

3 Bedroom 3 Bathroom 1475
For sale Open House
$878,000
13 15340 GUILDFORD DRIVE, surrey, British Columbia

13 15340 Guildford Drive

Surrey, British Columbia

Guildford the Great by Dawson & Sawyer. Nestled in Guildford Town Centre, this meticulously maintained three-level townhouse offers unparalleled urban living. Featuring three spacious bedrooms, a versatile den, and two and a half baths, it exudes comfort and functionality. With its open kitchen layout, quartz countertops, and stainless steel appliances, the home invites both relaxation and entertainment. Positioned for convenience, it provides easy access to amenities, schools, near Guildford Town center, parks, and major highways. Don't miss the chance to experience modern living at its finest-schedule a viewing today. Open house June 1-2 (Sat-Sun) 2-4pm. (id:48205)

3 Bedroom 3 Bathroom 1292 sqft
For sale Open House
$875,000
56 8473 163 STREET, surrey, British Columbia

56 8473 163 Street

Surrey, British Columbia

Welcome to the ROCKWOODS by Anthem properties. This charming 3 bedroom, 2 bathroom corner unit offers an inviting space with lots of natural light, granite countertops, stainless steel appliances, stylish kitchen cabinets, airy living and dining areas, private balcony, in-suite laundry, 2-car attached garage and much more! Enjoy great amenities at the Rockwood Clubhouse, which includes a gym, lounge, playground, and BBQ area. Easy access to Fraser Highway for accessing public transportation. Driving distance to Willoughby, Guildford, and Central City Malls. Elementary and secondary schools are conveniently located within a short distance, providing educational options for families. Walking distance to FUTURE skytrain station! OPEN HOUSE: June 1 & 2: 2pm-4pm (id:48205)

3 Bedroom 2 Bathroom 1322 sqft
For sale
$875,000
64 19455 65 AVENUE, surrey, British Columbia

64 19455 65 Avenue

Surrey, British Columbia

Welcome to this corner unit home in the family-friendly and sought-after townhouse community of Two Blue. As you enter the living room on the main floor, you will notice the 9-foot ceiling and large windows that allow lots of natural light. The high-end laminated flooring in the living room leads you to the plush carpets on the stairs and upper floor. The cozy living room has an electric fireplace, powder room, and a large gourmet kitchen with wood shaker cabinets, granite countertops, a Workstation Island, a breakfast bar, and stainless steel appliances. The door adjacent to the kitchen opens onto your private deck and fenced garden area with a network of greenbelts right off the backyard. The upper level has the primary bedroom, an ensuite bathroom with a double sink, and two other ample-sized bedrooms and a bathroom. Close to parks, schools, shopping, and public transit. School catchments are Latimer Road Elementary & Clayton Height Secondary. Book your private appointment and come and make this your home. (id:48205)

3 Bedroom 3 Bathroom 1494 sqft
For sale
$869,000
315 10333 133 STREET, surrey, British Columbia

315 10333 133 Street

Surrey, British Columbia

Melrose - A luxury high-rise tower in Surrey city centre. North-East facing CORNER unit on 3rd floor. A top quality 2 bed, 2 bath, 860 sqft interior, huge 130 sqft BALCONY completing in July to Sept 2024. 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances w/gas cooktop. Amenities: Fully equipped kitchen w/ BBQ/outdoor pits, games room, children's play area, private co-work space, infrared sauna room, gym, yoga studio, spin room, outdoor tai chi studio. Includes 2 parkings, 1 bike stall and 1 locker. Light colour scheme. Ideally located in the West Village, 5min walk to Skytrain station, SFU, KPU, Surrey central shopping mall, restaurants, etc. Buyer will get huge $40,000 incentive at completion. Bonus: a closet organizer in both bedrooms and entry closet. (id:48205)

2 Bedroom 2 Bathroom 860
For sale
$849,998
62 8638 159 STREET, surrey, British Columbia

62 8638 159 Street

Surrey, British Columbia

A corner lot townhouse in Sagewood Complex, nestled in the heart of Fleetwood Surrey. This gem features 3 bedrooms and 3 baths, providing both comfort and space. Upgrade in 2022, ensuring a modern and inviting atmosphere throughout. Just steps away, you'll find all essential amenities, including grocery stores, restaurants, transit options, parks, gyms, and schools. Plus, the anticipation of a future Skytrain station nearby. Don't miss the chance to explore this fantastic property. Schedule a private viewing, feel free to reach out. (id:48205)

3 Bedroom 3 Bathroom 1426 sqft
For sale Open House
$849,900
34 8888 151 STREET, surrey, British Columbia

34 8888 151 Street

Surrey, British Columbia

Welcome to the sought after Carlingwood complex. Lets talk Location! This 4 bedroom 3 full bathrooms townhome is steps away from shops, grocery stores, restaurants, cafes, recreational facilities, a golf course, public transit and the future sky train station. Guildford Mall, T&T and Guildford Recreation Centre within a 5 min drive. Features a beautiful skylight by the stairs, a warm cozy gas fireplace, balcony for your BBQs and Club house for your gatherings. (id:48205)

4 Bedroom 3 Bathroom 1609 sqft
For sale Open House
$849,900
26 9989 E BARNSTON DRIVE, surrey, British Columbia

26 9989 E Barnston Drive

Surrey, British Columbia

Highcrest at Fraser Heights!! Breathtaking Mountain views! 3Level well kept unit offers open concept on the main floor with gourmet kitchen, spacious north facing living area, Dining room leads to a levelled south facing patio, fenced backyard. Large windows & high ceilings upstairs, 3 Bed , 2 full Bath. Double tandem Garage parking and lots of Storage. Easy access to Hwy #1 & #17 to both airports & Ferries, Golden Ears & Port Mann Bridge. Close to schools, Guildford mall, Rec centre, Trails, parks and more. Showing anytime with short notice. Open house June 1 & 2 Sat/Sun 2-4pm (id:48205)

3 Bedroom 3 Bathroom 1422 sqft
For sale Open House
$849,888
33 7121 192 STREET, surrey, British Columbia

33 7121 192 Street

Surrey, British Columbia

Explore this 1500+ sq ft townhouse in the Allegro. Walking distance to grocery store, restaurants, childcare, shopping, and transit options. This home has been recently updated, featuring new laminate flooring and fresh paint throughout, along with new kitchen cabinet doors. The kitchen boasts stainless steel appliances and granite countertops, opening to a deck for outdoor enjoyment. Additionally, there's a separate patio adjacent to the versatile 4th bedroom or den on the lower floor. The residence includes three upstairs bedrooms, two full bathrooms, a half bath on the main floor, and a spacious tandem garage with a workspace. This townhouse is a perfect mix of style and practicality in a prime location. (id:48205)

4 Bedroom 3 Bathroom 1574 sqft
For sale
$849,000
38 7247 140 STREET, surrey, British Columbia

38 7247 140 Street

Surrey, British Columbia

3 BED+1 DEN with two balconies.Nestled in a serene neighborhood, a splendid three-bedroom, three-bathroom townhouse awaits. Enjoy granite countertops, stainless steel appliances, and abundant natural light. Nearby schools, shops, and public transport offer convenience, while parks and wildlife provide a nature connection. Secure, underground parking, storage, and rental suitability make it an ideal investment. Priced to sell, this townhouse is a rare find. Don't miss out! (id:48205)

3 Bedroom 3 Bathroom 1648
For sale
$845,000
44 16233 83 AVENUE, surrey, British Columbia

44 16233 83 Avenue

Surrey, British Columbia

Welcome to Veranda, a quality complex by Adera in the heart of Fleetwood and conveniently located for future SkyTrain Station on 160th Street! This beautiful bright unit offers 3 bedrooms up with two baths plus below 4th bedroom/office with an ensuite 3pcs bath upgraded by the original builder. Unit features a large kitchen with island & stainless steel appliances, real hardwood flooring throughout, gorgeous living/dining open concept great for entertaining with a cozy fireplace, EV plug in the garage and a fenced backyard with room for hosting your summer bbq. party. LOW STRATA FEES. Close to all amenities, elementary school, library, public transportation and shopping centre. (id:48205)

4 Bedroom 3 Bathroom 1541 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