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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
$699,900
407 13458 95 AVENUE, surrey, British Columbia

407 13458 95 Avenue

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 802
For sale Open House
$699,888
28 9400 128 STREET, surrey, British Columbia

28 9400 128 Street

Surrey, British Columbia

FIRST TIME HOME BUYER ALERT! Great opportunity to own a Two storey 1168 sq. ft. TOWNHOME! Low Strata fee. Spacious rooms, lots of storage, fenced backyard, huge shed for storage and in-suite laundry. Central location, Very close to the Public Transport. Walking distance to school and Cedar Hills Shopping Centre. Ample visitor parking available. . Rear yard is fenced and private and also includes a well maintained shed. Open house Sun April 21 (1-3pm) (id:48205)

3 Bedroom 2 Bathroom 1168
For sale
$699,800
501 6440 194 STREET, surrey, British Columbia

501 6440 194 Street

Surrey, British Columbia

WOOOOW! #501 6440 194st is a bonafide JAWDROPPER! This TOP floor corner unit in WATERSTONE comes absolutely packed with Perks! 2 Primary Bedrooms, 2 Baths, 2 Parking, 1 Storage, A/C, 9'11ft high ceilings, Updated light fixtures, updated interior paint/trim, 2 Patios accumulating to almost 500sqft of outdoor living space for you to soak up the sun & stunning Mt.Baker & City Views! Ideal condo layout with bedrooms on opposite sides & spacious main living space that connects to the private 371 sqft Sun Deck giving that perfect flow for entertaining guests both inside & Out. Incredible 15,000sqft amenities building w/Gym, Movie Theatre, Lounge, Games room, Sauna, Hot tub & indoor pool! Click "VIRTUAL TOUR" for more Info, Pics, Videos & 3D Floorplan! (id:48205)

2 Bedroom 2 Bathroom 903
For sale
$699,000
125 9465 PRINCE CHARLES BOULEVARD, surrey, British Columbia

125 9465 Prince Charles Boulevard

Surrey, British Columbia

Beautifully 2-storey, 3-bed, 2-bath townhome spanning 1440 sq ft in Surrey, BC. The main level's open layout flows from the updated kitchen through to a spacious living area, perfect for gatherings. Upstairs, three bedrooms offer comfort and style. Enjoy the convenience of amenities, schools, parks, and transport nearby. Located in sought-after Surrey, this home presents a prime opportunity for a comfort living. Don't miss out -schedule your showing today! (id:48205)

3 Bedroom 2 Bathroom 1440
For sale
$699,000
604 10333 133 STREET, surrey, British Columbia

604 10333 133 Street

Surrey, British Columbia

Melrose - A luxury high-rise tower in Surrey city centre. South-West facing CORNER unit on 6th floor. A top quality 2 bed, 2 bath, 706 sqft interior, huge 201 sqft BALCONY completing in July/Aug 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 1 parking, 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 $5,000 incentive at completion. Bonus: a closet organizer in both bedrooms and entry closet. Send your offer. (id:48205)

2 Bedroom 2 Bathroom 706
For sale
$699,000
214 13458 95TH AVENUE, surrey, British Columbia

214 13458 95th Avenue

Surrey, British Columbia

Welcome to Galilea. Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, and parks. A quiet residential neighborhood with Central City vibes is right outside your door, offering you the best of both worlds in this dynamic community. Excellent 2 bedroom, 2 full bath floor plan. Quickly access the wellness and fitness centre just below the unit through the nearby stairs. This is an end unit with a decently-sized balcony facing the courtyard. Call now for more information. (id:48205)

2 Bedroom 2 Bathroom 806
For sale
$699,000
41 9088 HOLT ROAD, surrey, British Columbia

41 9088 Holt Road

Surrey, British Columbia

Welcome to your spacious new home at Ashley Grove. This unit features an incredible layout with NO STAIRS. 2 large bedrooms & 2 baths. A nice kitchen and an eating area which flows into your oversized living room with a gas fireplace which is great for entertaining. Private backyard, one car garage, with additional spot out front and a brand NEW furnace. Great location close to everything. Well maintained strata with low maintenance fees, clubhouse with pool table, kitchen & fireplace. Don't miss out, with a little of love this home is perfect for anyone (needs new floors in bedroom & paint). (id:48205)

2 Bedroom 2 Bathroom 1037
For sale Open House
$699,000
108 15835 85TH AVENUE, surrey, British Columbia

108 15835 85th Avenue

Surrey, British Columbia

Welcome to this beautiful and luxurious Ground floors corner garden unit in Fleetwood Village!. This Ground level garden unit boasts 3 bedrooms and 2 full bathrooms in a great location. Over 800 sqft of living space with a 58 sqft private balcony with with a nice yard space . Amenities such as daycare, weight room, lounge and study room. On the new sky train line and walking distance to all local grocery stores and bus stops. Open house April 21,2024 Sunday between 2:30pm-4:30pm (id:48205)

3 Bedroom 2 Bathroom 783
For sale
$699,000
109 9072 FLEETWOOD WAY, surrey, British Columbia

109 9072 Fleetwood Way

Surrey, British Columbia

Experience the charm of this exquisite end unit in Wynd Ridge, offering two generously-sized bedrooms and two full baths. Entertain in style in the open living room and dining area, perfect for hosting unforgettable gatherings. The well-appointed kitchen boasts a cozy eating area for your culinary delights. Step into the serene ambiance of the covered backyard, an idyllic setting for summer BBQs, accompanied by a practical storage shed for your convenience. Lots of guest parking directly in-front of the unit . Ideally situated near Save On Foods,BC Liquor Store, Fine dining venues, public transportation, verdant parks, and more. This residence is truly a gem waiting to be unveiled, At least one person residing in the strata lot must be aged 55 years or older. OPEN HOUSE APRIL 14 SUN 2-4PM (id:48205)

2 Bedroom 2 Bathroom 1400
For sale Open House
$698,800
101 8775 161 STREET, surrey, British Columbia

101 8775 161 Street

Surrey, British Columbia

Welcome to Ballantyne in the heart of Fleetwood, where this beautifully updated 2-bedroom townhouse awaits you! Step into a freshly painted interior featuring brand new wide plank laminate flooring for a modern touch. The bright, functional kitchen boasts stunning quartz countertops and new stainless steel appliances, and seamlessly connects to the balcony for effortless BBQs. Enjoy extra sunlight in this corner unit, which offers additional windows throughout. The spacious top-floor bathroom features a luxurious double sink and elegant quartz countertop, providing ample space for a growing family. The garage accommodates 2 vehicles, or you can transform the single garage into a home gym. Plus, relish the convenience of upgraded hot water on demand. Don't miss out on this exceptional unit! (id:48205)

2 Bedroom 1 Bathroom 1017
For sale Open House
$698,000
30 19299 64 AVENUE, surrey, British Columbia

30 19299 64 Avenue

Surrey, British Columbia

Welcome to Greenfield Living, step into luxury, Cozy, Convenient life-style in the Heart of Clayton Heights! This unique HUGE 2 bdrms + 3 bath unit close to 1200 sqft w/ open concept floor plan & NO waste of space. The main floor equipped w/ built-in entertainment unit & a cozy fireplace; kitchen is charmed by clean contemporary cabinetry, elegantly complementing stunning quartz counter-tops w/ large island. Upper floor features master suites w/ spa-like ensuites & walk-in closets w/ built-in organizers; decent sized 2nd bdrm, useful open den/office table space. Backing onto parkland/forest for peaceful living; double side-by-side garage, generous size, fenced yard & tons more. Don't miss this! Open House: Sat & Sun (05/04 & 05) 2-4pm. (id:48205)

2 Bedroom 3 Bathroom 1181
For sale
$696,000
207 15848 FRASER HIGHWAY, surrey, British Columbia

207 15848 Fraser Highway

Surrey, British Columbia

Indulge in contemporary living within this stunning 3-bedroom, 2-bathroom apartment located in Surrey. Situated in the desirable Fleetwood Village Condos by Dawson + Sawyer, this residence seamlessly blends sophistication with practicality. The expansive living space combines stylish finishes, ample natural light, and a kitchen equipped with stainless-steel appliances, refined cabinetry, and a convenient breakfast bar. The master bedroom boasts an ensuite sanctuary, while the two additional bedrooms effortlessly accommodate various needs. Enjoy amenities such as fitness facilities, a communal lounge, and outdoor spaces. Conveniently located for easy access to shopping, dining, parks, schools, and major routes, this property presents an opportunity to elevate your lifestyle. (id:48205)

3 Bedroom 2 Bathroom 798
For sale
$694,000
318 13968 S LAUREL DRIVE, surrey, British Columbia

318 13968 S Laurel Drive

Surrey, British Columbia

Welcome to Oak and Onyx. Located just steps away from the future 140th street skytrain stations and 2 blocks away from the hospital. 2 bedroom+ Den 894 sq ft 3rd Floor unit. Great location Close to surrey downtown Live in the heart of Surrey City Centre and enjoy the convenience of all it has to offer. The future 140 St SkyTrain Station is within walking distance. Completion estimated for March to May 2024. 1 Parking stall, 1 Storage Lockers & $7000 credit upon completion. Do not miss out on this great opportunity. (id:48205)

2 Bedroom 2 Bathroom 894
For sale
$689,999
10551 HOLLY PARK LANE, surrey, British Columbia

10551 Holly Park Lane

Surrey, British Columbia

Situated in the heart of Guildford, North Surrey, this modern 2-bed, 1-bath townhouse is a fusion of style and practicality. Complemented by updated laminate floors, this home radiates warmth and style. The kitchen boasting newer appliances, & an added assurance of a new hot water tank. Two balconies invite relaxation and a slice of the outdoors, view of the playground. This homes strategic location is a definitive asset. Walking distance to Holly Elementary and Guildford High School, it ensures your child's educational journey is just a few steps away. Leisure, fitness, and entertainment options abound with close proximity to Guildford Rec Centre, Landmark Cinemas, and Guildford Town Center. Plus, Highway 1 is easily accessible for those city adventures or weekend getaways. (id:48205)

2 Bedroom 1 Bathroom 1060
For sale Open House
$688,000
3 14855 100 AVENUE, surrey, British Columbia

3 14855 100 Avenue

Surrey, British Columbia

Welcome to Hamstead Mews, where you'll find this beautifully spacious 2 bed+den & 2 bath townhome. W/ 1100 sqft of living space. The high ceilings & large living room create an open & inviting atmosphere. Step out onto the big balcony, perfect for entertaining friends & family. Hot water tank, fireplace, toilets & bathtub in the master bath were recently upgraded. This is a prime location just minutes away from Guildford Town Centre, T&T Supermarket, Boston Pizza, Hanam Supermarket, Green Timbers Parks & much more! School catchment is Bonaccord Elementary & Johnston Heights Secondary. Mins away from Hwy 1 & Fraser Hwy! Amenities includes pools, hot tubs, sauna, tennis courts, playground, gyms, amenities room, guest suite & more! Don't miss out! Join us for Open House April 21 2:30pm-4:30pm (id:48205)

2 Bedroom 2 Bathroom 1100
For sale
$685,000
414 14968 101A AVENUE, surrey, British Columbia

414 14968 101a Avenue

Surrey, British Columbia

Guildhouse by MOSAIC! Bright, spacious, and exquisitely upgraded, this home embodies quality and comfort. East-facing for incredible natural light, boasting 10' ceilings and 8' windows with mountain views. Featuring quartz countertops, stainless steel appliances, herringbone flooring, custom built-ins, and organized closets. Enjoy 2 luxurious spa-like bathrooms, along with the convenience of 2 side-by-side parking spaces and a same-floor locker. Just steps from Guildford Mall and all amenities. Tenanted. (id:48205)

2 Bedroom 2 Bathroom 880
For sale
$679,000
6 9253 122 STREET, surrey, British Columbia

6 9253 122 Street

Surrey, British Columbia

Welcome to Kensington Gate! This pet-friendly gated community in Queen's Park offers a range of amenities, including an outdoor pool and meticulously maintained grounds. This upper level unit is incredibly spacious, boasting a total of 1372 sq. ft. The abundance of natural light floods the main living space, equipped with a newly installed gas fireplace & providing access to not 1, but 2 balconies. With the potential to become your dream home, this unit features a generously sized primary bedroom complete with two spacious closets and an ensuite bathroom. The den provides the flexibility to be transformed into a second bedroom or a home office. Additional highlights include a single car garage with ample storage space and a driveway that accommodates an extra vehicle. (id:48205)

2 Bedroom 2 Bathroom 1441
For sale Open House
$678,800
B220 20834 80 AVENUE, langley, British Columbia

B220 20834 80 Avenue

Langley, British Columbia

Alexandra Square by award-winning developer, RDG, is conveniently located in the thriving Willoughby neighbourhood across from the Town Centre. This 2 bed 2 bath unit features a modern style with an efficient plan that lets you live in a functional space, with bright and airy open layouts. Nearby Shopping mall, Recreation Centres, School. Quick and easy access to public transit and Highway 1, Fraser Highway. Meet neighbours and friends in the landscaped courtyard or entertain guests on your common rooftop patio or the entertainment lounge with a full kitchen. (id:48205)

2 Bedroom 2 Bathroom 738
For sale Open House
$674,900
104 14980 101A AVENUE, surrey, British Columbia

104 14980 101a Avenue

Surrey, British Columbia

Welcome to your dream home! This corner unit offers a serene atmosphere with a private fenced patio and exclusive gate leading to lush green space with mature trees, ideal for kids playtime and pets. High ceiling of almost 9 feet. Recent renovations include flooring, painting, updated bathrooms, kitchen cabinets and appliances. Gas fireplace included in the maintenance fees. Neighbours only on one side. Spacious bedrooms and lots of ensuite storage space. Conveniently located near amenities like swimming pool, library, Guildford Mall, shopping, restaurants. Right on the bus route. Easy access to Hwy 1. Hjorn Road Park and Green Timbers Urban Forest Park are just a few minutes walk. 2 parking stalls and a locker. Open House Sat May 3 12-2 pm. (id:48205)

2 Bedroom 2 Bathroom 1198
For sale Open House
$669,900
312 19201 66A AVENUE, surrey, British Columbia

312 19201 66a Avenue

Surrey, British Columbia

Step into your own urban retreat, welcomed by spacious foyer that sets the tone for what lies beyond. As you wander further, natural light streams through large windows, illuminating the 1157sqft interior. This corner unit condo, perched on the 3rd floor, offers 2 bedrooms + flex space, 2 baths and ample storage. Built in 2013, it has been meticulously maintained and showcases an inviting neutral palette. The large balcony with surrounding trees beckons for enjoyment on warm summer evenings. The building amenity room includes a kitchen for entertaining and outdoor picnic tables for days with friends and family. Conveniently located near all amenities and the anticipated sky train, this condo presents an opportunity to embrace a lifestyle where everything you need is within reach. (id:48205)

2 Bedroom 2 Bathroom 1157
For sale Open House
$669,000
316 15110 108 AVENUE, surrey, British Columbia

316 15110 108 Avenue

Surrey, British Columbia

Luxurious TOP-FLOOR CORNER suite in the quiet Thompson building at Riverpointe. Like-new and stunning throughout, this 2 bed 2 bath condo has been extensively renovated. Enjoy ample natural light from all angles, including a large window in the kitchen. Through the open living room you will find access to your deck, with ample space to enjoy outside. This convenient location is minutes from Hwy 1, with transit at your doorstep and Guildford Town Centre within walking distance. Well-maintained complex with gym and sauna. Rentals allowed. Includes secure parking and is pet-friendly. (id:48205)

2 Bedroom 2 Bathroom 1052
For sale Open House
$658,000
308 10168 149 STREET, surrey, British Columbia

308 10168 149 Street

Surrey, British Columbia

Very Central Location!!! Steps away from Guildford Town Centre, shopping, restaurants, schools, transit, easy access to highway 1. This unit is maintained very well. 10-feet high ceiling, very nice layout, a large open concept kitchen with plenty of cabinets, spacious inner street with nice view. Upgraded kitchen stone countertops and main bath stone countertops. 1 parking included. This unit is positioned between the elevator and stairway, making this unit very convenient and secure. (id:48205)

2 Bedroom 2 Bathroom 801
For sale Open House
$650,000
209 55 EIGHTH AVENUE, new westminster, British Columbia

209 55 Eighth Avenue

New Westminster, British Columbia

This well-maintained unit is in the quiet side of the building, Feature 2 bedrooms & 2 full! bathrooms. Laminate and Carpet flooring. S/S appliances, custom shelving installed .. Walk to Safeway, Transit, , Starbucks, BC Liquor Store, Canada Games Pool/ Fitness Centre, Queens Park, Restaurant & so much more. 1 parking/ l Storage locker 2 dogs or 2 cats or 1 dog and 1 cat, 2 caged birds Call for viewing. OPEN HOUSE MAY 4 SATURDAY 12:00 - 2:00 PM (id:48205)

2 Bedroom 2 Bathroom 746 sqft
For sale
$649,999
B117 20834 80 AVENUE, langley, British Columbia

B117 20834 80 Avenue

Langley, British Columbia

Garden Level 2 beds/2baths condo in phase 2 of Alexander Square. This development is built by one of the best developers, RDG Development. Amazing floor plan with 9' ceiling, Modern color scheme, Stainless steel appliances, pot lights in kitchen, pendant lights over island/eating bar, undermount cabinet task lighting. Interior amenities including fitness room and entertainment lounge. Exterior amenities are roof deck with BBQ facilities and outdoor seating, Courtyard with fire pits and Community garden pots. Very convenient location across from Willoughby Town Centre. Just steps to all shops and services, quick and easy access to public transit and commuter routes including Highway One, Fraser Highway, and Highway 10. (id:48205)

2 Bedroom 2 Bathroom 738
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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