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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
$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
For sale
$989,900
64 7848 170 STREET, surrey, British Columbia

64 7848 170 Street

Surrey, British Columbia

Take adVANTAGE of the opportunity to live in this beautiful home! This meticulously maintained home backs onto and views the Surrey Golf Course. This home features the spacious PRIMARY BEDROOM ON MAIN floor with gorgeous sunrise views of the scenic golf course, walkthrough closets, and ensuite! Also on the main floor, you'll find an open concept kitchen, living room, and dining room area, with gas stove and laundry on the main floor. Upstairs features the second bedroom, 3 piece bathroom, storage room, & a HUGE "loft-area" family room, which can easily be converted to a 3rd bedroom! Upstairs you'll also find a beautiful sundeck, with golf course, and skyline views!Call today to book your private showing! Open House June 22, 2-4pm (id:48205)

2 Bedroom 3 Bathroom 1600 sqft
For sale
$989,110
56 15850 85 AVENUE, surrey, British Columbia

56 15850 85 Avenue

Surrey, British Columbia

Welcome to Fleetwood Village by Dawson and Sawyer. This 4-bedroom, 3-bathroom townhome boasts an open floorplan with a double FULL size garage. Conveniently located, just steps to shopping, schools, library and future Skytrain station. Features include an open floor plan, 9-foot ceilings, gorgeous gourmet corner kitchen with massive quartz center island, s/s appliances. 3rd floor has three bedrooms up with 2 full bathrooms, a half bathroom on the main, and a fourth bedroom on the lower level. Located on the quiet side of the complex away from 85th Ave. Do not miss this opportunity to call this home yours. Will not last long! (id:48205)

4 Bedroom 3 Bathroom 1334 sqft
For sale
$989,000
9 19255 ALOHA DRIVE, surrey, British Columbia

9 19255 Aloha Drive

Surrey, British Columbia

WOW! MUST SEE INSIDE! Mr. & Mrs. clean has kept this better than brand new! Three-or four bedroom 2.5 bath pristine 4 year townhouse features an open concept, a modern gas range in white kitchen with huge island, huge dining area ,EXTRA ADDED WALL FEATURE IN LVGRM & BDRM.Vacuum system roughed in, Patio BBQ hookup and the windows & doors have roughed in security system. Double side by side garage, spacious master bedroom, HUGE recreation room downstairs COULD BE A FOURTH BEDROOM. Family orientated, young families where kids can play outside safily. UPCOMIMG SKYTRAIN FEW BLOCKS AWAY, Community Centre, 5 MINTUE TO Willowbrook Mall, Salish Secondary (French Immersion Program) , Maddaugh Elementary & CLUB HOUSE, GUEST SUITE ,SO MUCH MORE! (id:48205)

3 Bedroom 3 Bathroom 1629 sqft
For sale
$979,999
5 18833 70 AVENUE, surrey, British Columbia

5 18833 70 Avenue

Surrey, British Columbia

Welcome to Avery Living! Great location. Thoughtfully designed and build townhomes in the heart of Clayton. 3 bedrooms plus den (11 foot ceilings in select bedrooms), 3 bathrooms (2 full + one 2 piece), and a double car garage. Key features include: forced air heating, Navian on demand hot water tank, air conditioning, Samsung stainless steel appliances with natural gas stove. Conveniently located to all amenities such as shopping, parks, schools, future skytrain, clayton dog park, and the new Clayton Community Centre. (id:48205)

3 Bedroom 3 Bathroom 1456 sqft
For sale
$978,800
38 15968 82 AVENUE, surrey, British Columbia

38 15968 82 Avenue

Surrey, British Columbia

Shelborne Lane by Polygon in the heart of Fleetwood! Best town house two story with large fenced yard. 3 large bedrooms plus den and 3 baths. Perfect Open Concept layout with renovated kitchen, bathrooms, nice color laminate floors. Great Family room and Luxury Kitchen with updated appliances over looking beautiful back yard. Main floor has powder room. Upstairs has great size of 3 bedrooms plus den (two full baths). All the lights had been updated with LED! Just brand new Furnace and just replaced brand new roof this year! Great location: close to schools, community centre, parks, library, shops, banks, transits and every where. Don't wait to view this great house! (id:48205)

3 Bedroom 3 Bathroom 1465 sqft
For sale Open House
$969,900
14 17458 100 AVENUE, surrey, British Columbia

14 17458 100 Avenue

Surrey, British Columbia

MOVE IN READY. Headwater consists of 39 townhomes that feature 3 & 4 bedroom + den homes. Headwater is centrally located and is minutes away from Guildford Town Centre. Flanked by Highway 1 in the south and Highway 15 in the east, Headwater Townhomes is easily accessible for commuters while being tucked away from the noise and hassle of the city. This 1,527 sqft. 4 Bed + den home features a spacious layout with generous 9" ceilings, premium stainless steel appliances, durable plank flooring in the kitchen and living area, tranquil spa like bathrooms, ample storage and expansive oversized windows that provide natural light. This home also features a side by side double car garage and a fenced private backyard. Contact for more information! (id:48205)

4 Bedroom 3 Bathroom 1527 sqft
For sale
$969,501
203 18505 LAURENSEN PLACE, surrey, British Columbia

203 18505 Laurensen Place

Surrey, British Columbia

Introducing Clayton Walk by Anthem, an exceptional townhome development in Clayton Heights. This stunning residence boasts 4 bedrooms and 3 bathrooms, with a luxurious master bedroom on the main level adorned with soaring ceilings. The gourmet kitchen showcases quartz countertops and stainless steel appliances, flowing seamlessly onto a generous deck and a double garage. Situated in the lively Clayton community, its prime location offers effortless access to schools, recreational amenities, parks, and is mere steps away from the upcoming Skytrain Station. Indeed, this locale presents an all-encompassing living experience. (id:48205)

4 Bedroom 3 Bathroom 1552 sqft
For sale
$969,000
38 16155 82 AVENUE, surrey, British Columbia

38 16155 82 Avenue

Surrey, British Columbia

Welcome to this 2 storey beautiful, spacious, and rare townhome (Detached home feeling) located in the Fleetwood area. It provides you with 4 bedrooms and 2.5 bathrooms. The upper floor has 4 very spacious bedrooms and 2 bathrooms. The main floor offers very cozy living & family rooms, a kitchen connected to an eating area, and a powder room. Great living space for a large or joint family. It has a double side-by-side garage. This townhome is centrally located with all amenities in closest proximity like shopping, recreation facilities, library, schools, and transit. Open Sat Sun 2-4. (id:48205)

4 Bedroom 3 Bathroom 1973 sqft
For sale Open House
$949,900
8 7218 188 STREET, surrey, British Columbia

8 7218 188 Street

Surrey, British Columbia

Spacious and impeccably clean, this 4-bedroom, 2.5 bathroom townhouse is situated in the rapidly developing Clayton area. The convenient location is close to schools, shopping, and the future skytrain station, with easy access to both Surrey and Vancouver. The modern and efficient floor plan features 9' ceilings, covered balcony on the main level, one bedroom downstairs, and three bedrooms upstairs. It benefits from facing east, soaking in an abundance of natural light. The spacious kitchen boasts an island, modern cabinets, top-of-the-line stainless steel appliances and sleek quartz countertops. The bathrooms feature elegant tile floors and walls, and the garage is extra wide and EV ready for your electric vehicle. This is a great community with 12,000 sqft of amenity space at your door. (id:48205)

4 Bedroom 3 Bathroom 1539 sqft
For sale Open House
$949,900
11 17458 100 AVENUE, surrey, British Columbia

11 17458 100 Avenue

Surrey, British Columbia

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

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

171 16177 83 Avenue

Surrey, British Columbia

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

4 Bedroom 4 Bathroom 1659 sqft
For sale
$949,900
10316 145A STREET, surrey, British Columbia

10316 145a Street

Surrey, British Columbia

Cute as a button in a perfect location - 5 mins walk to Guilford Mall. HALF DUPLEX on over 8,500 sqf lot. 3bdrms 2baths one level living on this very well kept and updated home which shows pride ownership. This is so much better than a townhouse: NO strata monthly fees, NO management. This home has lots of updates such as roof, hot water tank and furnace, kitchen with light maple cabinets and countertops all done in 2017 and double glazed windows in 2007. Home features real hardwood floors, updated lightning, gas fireplace and many more. East facing fully fenced backyard perfect for outdoor entertaining + lovely landscaped backyard with lane access. 1 car garage plus large storage and extra parking. Live rent or hold, the house has great income potential. High in demand for rentals due to close proximity to schools, transit, superstore and all other amenities Guildford Mall & Surrey Centre offers. Will not stay for long! (id:48205)

3 Bedroom 2 Bathroom 1045 sqft
For sale Open House
$949,900
20 19219 67 AVENUE, surrey, British Columbia

20 19219 67 Avenue

Surrey, British Columbia

Welcome to The Balmoral, East Clayton's highly sought after neighbourhood. This quiet, serene neighbourhood, with easy access to 200st, highway 1, downtown Langley and 4 minutes away from the future skytrain station, walking distance to all levels of schools and parks is the perfect place to call home! This 4 bed 4 bath with TWO walk-in-closets, over 2500 sq ft of living space, completely renovated unit is a true must see. Well lit with south facing views and a spacious layout featuring a beautiful backyard patio, 2 balconies and a powder room on the main floor truly feels like your own detached home... without the maintenance. Visit us at our open house this Saturday and Sunday from 2-4PM OR book your private showing today! CLICK ON VIRTUAL TOUR (id:48205)

4 Bedroom 4 Bathroom 1913 sqft
For sale
$949,800
68 6956 193 STREET, surrey, British Columbia

68 6956 193 Street

Surrey, British Columbia

You will love this beautiful and bright end unit townhome in the heart of East Clayton! Enjoy cooking in the huge eat-in kitchen, featuring dark wood cabinets, stainless steel appliances and hardwood flooring. Upstairs, find three spacious bedrooms, including a primary bedroom with a huge walk-in closet and a luxurious 4-piece ensuite w/ double sinks. Step outside to your private walkout backyard, ideal for summer barbecues or quiet evenings. The downstairs flex room offers endless possibilities-it can easily transform into a 4th bedroom or as a spacious home office. With a double car garage and room for a third car on the driveway, parking is never a concern.Enjoy the convenience of being centrally located near transit, schools, and trendy restaurants! Schedule a private viewing today! (id:48205)

3 Bedroom 3 Bathroom 1996 sqft
For sale Open House
$949,000
103 9118 149 STREET, surrey, British Columbia

103 9118 149 Street

Surrey, British Columbia

Rarely available this huge size townhouse has everything you need , This bright and spacious home will fulfill needs of growing family. Upper floor 3bed and 2full bath with primary room has in suite. And 2pc bath along with family room living room and dining area kitchen area leads to back yard deck . kitchen has open concept with over the counter access to dining table. Basement level have bed room or use as rec room or office with back patio door . comes with full washroom and access to double garage. Conveniently located to new sky train station, and grocery store gas station restaurant .Very quite area. Open house sunday June 23,From 2to4 (id:48205)

4 Bedroom 4 Bathroom 1815 sqft
For sale
$949,000
70 6575 192 STREET, surrey, British Columbia

70 6575 192 Street

Surrey, British Columbia

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

3 Bedroom 4 Bathroom 1908 sqft
For sale
$949,000
7 8747 162 STREET, surrey, British Columbia

7 8747 162 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1417 sqft
For sale
$949,000
48 7288 188 STREET, surrey, British Columbia

48 7288 188 Street

Surrey, British Columbia

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

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

43 13499 92 Avenue

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1516 sqft
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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