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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
$825,000
117 15351 101 AVENUE, surrey, British Columbia

117 15351 101 Avenue

Surrey, British Columbia

Welcome to this beautiful front townhouse located in the heart of Surrey. This unit has 2 Bed, 3 Bath with approx 1200 sqft of living area. The main level has a living room, kitchen, & dining room . Maple Cabinets, Granite counters, High-End S/S Appliances, and natural light make this kitchen an Entertainer's Delight! This unit has 2 spacious bedrooms & cabinets (walk-in closet). This unit has plenty of street parking, 2 underground parking, storage locker & very short drive to the community center, malls ,swimming centre, Gym, party room, Superstore, Golf Courses, parks, restaurants,& all Shopping your needs. Prestigious IB school Johnston Height secondary catchment. Don't miss it and make this beautiful unit your Dream Home. (id:48205)

2 Bedroom 3 Bathroom 1205 sqft
For sale Open House
$824,999
67 7233 189 STREET, surrey, British Columbia

67 7233 189 Street

Surrey, British Columbia

This spacious 1501 SQFT townhome features 3 bedrooms w/ 3 full baths, centrally located in Clayton Heights. Fully authorized commercial space on the lower floor, ideal for many different businesses or live/work space. The main floor features an open & bright floor plan w/ a spacious kitchen & living area that leads out onto a well positioned large balcony (no neighbours at the back). High ceilings, new stainless steel stove & fridge, glass backsplash, custom stone fireplace, updated blinds, updated lighting, updated laminate flooring throughout & freshly painted! Upstairs welcomes an impressive master bedroom w/ a 4pc ensuite, 2nd large sized bedroom, main bathroom & full sized laundry. Convenient street parking in the front. Walking distance to future skytrain, parks, schools & more! (id:48205)

3 Bedroom 3 Bathroom 1501 sqft
For sale
$824,880
78 19525 73RD AVENUE, surrey, British Columbia

78 19525 73rd Avenue

Surrey, British Columbia

UPTOWN CLAYTON II A spacious, modern 2-storey plus a basement townhouse with a fully fenced yard and front street parking. It's a 4 bedroom, 3 bathroom unit with a family room on the main floor, with fireplace (electric) and built-in shelving unit. Main floor is perfect for family and friends and/or watching the kids from the kitchen. It's an open concept plan (great room design) The kitchen has shaker cabinets, stainless steel appliances & granite countertops throughout. Bedrooms are a good size for the growing family including a LARGE PRIMARY BEDROOM. This unit has space for 2 cars, including a single garage and a single carport. Playground on-site. SUPER LOCATION. Close to everything Clayton has to offer. Maddaugh Elementary school 1/2 km away. (id:48205)

4 Bedroom 3 Bathroom 1644 sqft
For sale
$819,000
40 6568 193B STREET, surrey, British Columbia

40 6568 193b Street

Surrey, British Columbia

Looking for a townhome in Belmont at Southland , here it is. Your search stops here. This unit has 3 bed & 2 bath with garage double/ tandem ( EXTRA SPACE LEFT AFTER 2 CARS PARKING in garage with separate access) . Additional features are the spacious living room with access to balcony ,Front porch , dining area , kitchen with S/S appliances, Large island with bigger counter tops. NEW HOT WATER TANK 2023. Upstairs features 3 bed & 2 bath with walk in closet in primary bedroom. Close to Willowbrook Shopping center , transit and schools (KATZIE ELEMENTARY & CLAYTON HEIGHTS SECONDARY). Book a private showing to see this beauty. (id:48205)

3 Bedroom 2 Bathroom 1457
For sale
$818,000
26 6555 192A STREET, surrey, British Columbia

26 6555 192a Street

Surrey, British Columbia

This is it! Completely renovated - just move on in! This 3 bedroom 2 bath gorgeous property features all new high end laminate throughout (including stairs) HUGE and stunning kitchen with designer touches, quartz countertops and stainless steel appliances, you'll love the ambience of the fireplace in your living area, and the sunny dining room! Huge front porch and fenced yard, large deck off the eating area means entertaining is a breeze. Bathrooms are all updated too - with new tub and shower, lighting, and quartz counters - fresh paint throughout as well! Brand new washer and dryer and hot water tank - NOTHING HAS BEEN MISSED! Book the movers - the search is over! Open Sat May 25 12-2pm; Sunday May 26 1-3pm (id:48205)

3 Bedroom 2 Bathroom 1432 sqft
For sale
$817,000
153 8473 163 STREET, surrey, British Columbia

153 8473 163 Street

Surrey, British Columbia

Welcome to "Rockwoods" a stunning West Coast Contemporary community built by Anthem. This rarely available 3-bed, 2-bath END UNIT townhome is located in the most desirable part of Fleetwood. The main floor has a great open concept with great natural light, wide-plank flooring, 9' ceilings, loads of windows, an open contemporary kitchen with a large island, all stainless appliances, and a granite countertop. A spacious dining area leads to an oversized balcony for outdoor living. 3 bedrooms on the upper floor with 1 full bathroom, and 1 master ensuite. Double tandem garage on the ground floor. Amenities: clubhouse, gym, playground & BBQ area. A short walk to Frost Road Elementary, a recreation center, and a future Skytrain station! Come take a look at what could be your new home! (id:48205)

3 Bedroom 2 Bathroom 1322 sqft
For sale
$799,999
48 7088 191 STREET, surrey, British Columbia

48 7088 191 Street

Surrey, British Columbia

Welcome to MONTANA in Clayton Heights! Situated across from Hazel Grove Elementary, Hazel Grove Park and near Clayton Dog Off-Leash Park. Perfect for first-time home buyers and investors. Boasting 2 bedrooms and 2 bathrooms, this home offers a spacious open layout with stainless steel appliances in the kitchen. The main floor features upgraded laminate flooring for a modern touch, while upstairs, upgraded carpets in the spacious bedrooms. The master bedroom includes a 4-piece ensuite, complemented by another 4-piece main bathroom. Outside, a private fenced yard provides a perfect retreat, while a double tandem garage offers ample parking and additional storage space. There is also plenty of visitor parking in the complex. Do not miss out on this opportunity to view the home! (id:48205)

2 Bedroom 2 Bathroom 1218 sqft
For sale
$799,999
61 19551 66 AVENUE, surrey, British Columbia

61 19551 66 Avenue

Surrey, British Columbia

Welcome to Manhattan Skye! Situated at 19551 66 Ave in Surrey, this exceptional townhouse offers contemporary living at its finest. Boasting freshly painted interiors and kitchen (2024) and updated appliances, including updated hot water tank and furnace, every aspect is crafted with your comfort in mind. With 3 bedrooms and 3 bathrooms, plus an office/nook on the main floor along with a powder room, this home offers both functionality and style. Enjoy the convenience of prestigious schools and lush parks within walking distance from Shoppers Drug Mart, Starbucks, Save On Foods and the rest of all Clayton Crossing Shopping Village. Experience the perfect blend of luxury and convenience - schedule your tour today! (id:48205)

3 Bedroom 3 Bathroom 1374 sqft
For sale
$799,999
143 9459 PRINCE CHARLES BOULEVARD, surrey, British Columbia

143 9459 Prince Charles Boulevard

Surrey, British Columbia

Quaint complex in Surrey's desirable Queen Mary Park. Privately fenced backyard, spacious master bedroom, and main floor living area. Close to shopping, schools, and green spaces. Quick drive to King George Skytrain.Call today to book viewing! (id:48205)

3 Bedroom 2 Bathroom 1440
For sale
$799,999
73 6575 192 STREET, surrey, British Columbia

73 6575 192 Street

Surrey, British Columbia

Uncover the ultimate blend of comfort, convenience, and community at Clayton's gem - Ixia in Surrey! This 3-bed, 2-bath sanctuary is more than just a home; it's a testament to modern living at its finest. Revel in recent upgrades like new carpet, appliances, vanity, tiles and fresh paint, transforming every corner into a haven of style. Step outside to your private covered patio or retreat to the decks for a breath of fresh air. But the true charm lies in the location. With the future skytrain station minutes away, the best of city living beckons. From shopping to dining, recreation to relaxation, everything you desire is within easy reach. This safe, family-oriented neighbourhood provides peace of mind. Embrace the lifestyle you deserve. (id:48205)

3 Bedroom 2 Bathroom 1438
For sale Open House
$799,900
17 6635 192 STREET, surrey, British Columbia

17 6635 192 Street

Surrey, British Columbia

OPEN HOUSE: SATURDAY AND SUNDAY, JUNE 1st AND JUNE 2nd FROM 1:00PM to 3:00PM. Bright, clean and sunny, south-east facing unit with 1 of only 4 backyards in the entire complex, with private wooden deck (build with a strata permit) off the kitchen. Freshly painted walls, new hardwood floor in the living room and the hallways, new hardwood stairs. New heated marble tiles in the kitchen (beautiful!!!), new sink and faucet. New fireplace stone and wood wall. Re-stained kitchen cabinet doors - look like new. Granite counter tops in the large kitchen. A well maintained strata with low fees. High-end appliances including a new dishwasher, newer hot water tank and refurbished furnace. Quality carpets in bedrooms for your comfort. 2 car garage. 2 cats and 2 dogs allowed, no size restriction. (id:48205)

3 Bedroom 3 Bathroom 1274 sqft
For sale
$799,900
15 7155 189 STREET, surrey, British Columbia

15 7155 189 Street

Surrey, British Columbia

WELCOME TO YOUR GORGEOUS HOME AT BACARA! BONUS: SIDE X SIDE DBL GARAGE! MOVE IN READY & QUICK COMPLETION POSSIBLE! This Townhome features Open Concept living with 4bdrms (incl. 4th bdrm below or use as a Den) FANTASTIC for teenager or working from Home + 2baths over 3 floors! Beautiful updates incl; interior Paint throughout, Modern Flooring, Dishwasher, Clothes washer/dryer & Hot Water Tank! Enjoy your spacious, bright Kitchen too complete w/ SS appliances + separate eating area. Bdrms are spacious too! YOU'LL ABSOLUTLY LOVE THE LOCATION- Walkable to Schools, parks, Community Centre & Shops! This is a MUST see home! schedule your private viewing today! (id:48205)

4 Bedroom 2 Bathroom 1638 sqft
For sale Open House
$799,900
114 10250 155A STREET, surrey, British Columbia

114 10250 155a Street

Surrey, British Columbia

First time on the Market! Welcome to this beautiful oasis at Creekside Estates. This 3 bedroom, 3 bathroom CORNER unit townhome boasts a landscape of total serenity. Nestled in the heart of Guildford, this picturesque townhouse offers the perfect blend of tranquility and convenience. The entryway greets you into the living room accompanied by vaulted ceilings that welcome you. There is no shortage of natural light in this home. Relax on the patio as you immerse yourself with the beauty of nature and the sounds of Serpentine Creek. Conveniently located one block away from Guildford Village shopping complex and easily accessible to public transit. (id:48205)

3 Bedroom 3 Bathroom 1478 sqft
For sale
$799,900
53 8767 162 STREET, surrey, British Columbia

53 8767 162 Street

Surrey, British Columbia

Welcome to Taylor, a charming Georgian-style home by MOSAIC. This bright and spacious two-bedroom plus den (currently utilized as a third bedroom) boasts 1.5 baths and 9' ceilings. The main floor features laminate flooring, a large open kitchen with ample storage space. Upstairs, discover two bedrooms, laundry facilities, and a full bathroom. Conveniently located, it's a short stroll to Holy Cross and near Surrey Sport & Leisure, Aquatic Park, Transit, with easy access to Fraser Hwy, Hwy 1, and Guildford Town Centre. This townhouse is also situated close to the upcoming Fleetwood Skytrain. School catchments include Frost Road Elementary and North Surrey Secondary. Call now to view. (id:48205)

2 Bedroom 2 Bathroom 1216 sqft
For sale
$799,900
42 19159 WATKINS DRIVE, surrey, British Columbia

42 19159 Watkins Drive

Surrey, British Columbia

Welcome to Clayton Market By Mosaic! This Pristine 2 Bedroom, 3 Bathroom PLUS Den Townhome Will Be Sure to Tick All the Boxes! Modern & Bright Layout Featuring Open Riser Staircase Which Allows For Plenty of Natural Light! Open Concept Floorplan, Spacious Livingroom w/Sliding Doors to Sundeck for those upcoming Summer BBQs! Beautiful Kitchen with Custom Cabinetry, Eat Up Bar, Tile Backsplash & Stainless Steel Appliances! Upstairs Features 2 Large Bedrooms, Good Sized Den on Lower Level Could be Used as Workspace or a 3rd Bedroom with Bathroom, Excellent for Guests! Unbeatable Location Just Footsteps to Transit, Restaurants, Amenities & Much More. (id:48205)

2 Bedroom 3 Bathroom 1219 sqft
For sale
$799,900
64 16233 83 AVENUE, surrey, British Columbia

64 16233 83 Avenue

Surrey, British Columbia

Welcome to your cozy haven in Fleetwood's Veranda complex! This meticulously maintained 2-bed, 2-bath townhome features updated vinyl floors, granite tiles, and a custom fireplace mantel. Enjoy the spacious kitchen, inviting deck, and backyard. With 2 tandem parking spots and low maintenance fees, convenience is key. Located minutes from schools, the library, and shopping, this is the perfect place to call home! Schedule your viewing today. (id:48205)

2 Bedroom 2 Bathroom 1140 sqft
For sale
$799,900
78 16388 85 AVENUE, surrey, British Columbia

78 16388 85 Avenue

Surrey, British Columbia

Camelot Village,well kept 2 big bdrm,2 bath townhouse in centrally located in the heart of fleetwood area. Skytrain come soon. Close to Frost Rd Elementary, Surrey Sports&Leisure Centre,Library, shopping&walking distance to bus.Extra wide living room with gas fireplace & bay window; the perfect nook for cozying up & reading. Also upstairs is the master ensuite, main bath & laundry. Over size garage with tandem for 2 cars&le storage.Plenty of street parking.The garage is on the ground, and separate entry to the 164 street, good ventilation , bright and quite , have a window in the garage, private yard to 164 Street. new carpet. new water resistant floor in kitchen and bathroom, new countertops. OPEN HOUSE ON SAT.(MAY 11 2PM-4PM (id:48205)

2 Bedroom 2 Bathroom 1387
For sale
$799,900
105 9781 148A STREET, surrey, British Columbia

105 9781 148a Street

Surrey, British Columbia

Welcome to CHELSEA GATE in Guildford! A desirable 55+ gated community steps away from Green Timbers Park and close to Guildford Mall. This spacious home provides main floor living with kitchen, eating area, powder room, family room as well as dining and a large living room with vaulted ceilings and gas fireplace. Upper floor features a large master bedroom with oversized ensuite, extra bedroom and full size additional bathroom. Large private backyard and patio with access from living area, perfect for entertaining. Some updates include: Flooring throughout, plumbing, blinds, appliances, kitchen cabinets, countertops and backsplash. Plenty of parking and storage as this unit has a full double garage plus driveway parking. Book your showing today! (id:48205)

2 Bedroom 3 Bathroom 1602
For sale
$799,800
237 9458 PRINCE CHARLES BOULEVARD, surrey, British Columbia

237 9458 Prince Charles Boulevard

Surrey, British Columbia

Welcome to Prince Charles Estates, a quiet, family oriented complex. This beautiful 3 bed, 3 bath home has a walk-out basement and 2 decks with a large private backyard. Featured updates include; bathrooms, quartz countertops, flooring, lighting, paint & doors throughout, S/S dishwasher. For convenience there is a powder room on the main floor. The open concept design gives a more spacious feeling for the main floor space. The living room overlooks the backyard. Lighting is bright, natural and comes with modern lighting package. The common area has a gym, court, 2 green spaces for entertainment & kids to play. Central location, walking distance to Surrey Central Mall, transit, schools, recreation, parks, Surrey Memorial Hospital, etc. Great investment $$$ (id:48205)

3 Bedroom 3 Bathroom 1556
For sale Open House
$799,000
402 8972 FLEETWOOD WAY, surrey, British Columbia

402 8972 Fleetwood Way

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 1135 sqft
For sale Open House
$799,000
65 15399 GUILDFORD DRIVE, surrey, British Columbia

65 15399 Guildford Drive

Surrey, British Columbia

This bright & quiet 3 level townhouse with 4 bedrooms and 4 baths, double side by side garage is located in the heart of Guildford area. Main floor is open layout and high ceiling, powder room on main, upstairs has 3 large bedroom. Private yard, great conditions. Close to Guildford Mall, Library, recreation area. Quiet and friendly neighborhood, Amazing functional layout, spacious living and dinging room, granite countertop kitchen and oversized master bedroom. Open House June 1st/2nd, Sat/Sun 2-4 pm. (id:48205)

4 Bedroom 4 Bathroom 1687 sqft
For sale Open House
$799,000
1 19433 68 AVENUE, surrey, British Columbia

1 19433 68 Avenue

Surrey, British Columbia

Discover the perfect blend of comfort and style in this charming 3 bed, 2 bath home. From the sleek quartz countertops to the gleaming stainless steel appliances, every detail exudes modern elegance. With a renovated rec room converted from a tandem garage, this residence offers versatile living spaces for your every need. Situated in a serene and quiet neighborhood, you'll enjoy peace and privacy while still being close to amenities. Plus, indulge in resort-style living with access to an outdoor pool, gym, clubhouse, and even a mini hockey rink. Welcome home to luxury living at its finest. (id:48205)

3 Bedroom 2 Bathroom 1476 sqft
For sale
$799,000
53 8473 163 STREET, surrey, British Columbia

53 8473 163 Street

Surrey, British Columbia

Beautiful, centrally located 3bed+2full bath home features an open kitchen w/stainless steel appliances for the chef in you! Relax/entertain friends in your 9' high spacious & well lit living & dining areas or BBQ & kick back on your private balcony. Your spacious primary bedroom has a walk through closet & spa like ensuite bath that melts your daily worries away! Insuite laundry, under stair stg & 2 car attached garage (w/space for office/workshop). Few mins drive to: Fleetwood & Bonnie Schrenk Parks, Elementary & Secondary Schools. Restaurants, shops, cafes, medical services, market, banks etc at & around Fleetwood Park Shopping Ctr. 15 mins to Willoughby, Guildford & Central City Malls. Easy access to Fraser Hwy. Great amenities at Rockwood Clubhouse. Open House Sat May 25, 2-4pm (id:48205)

3 Bedroom 2 Bathroom 1284 sqft
For sale
$799,000
25 9989 E BARNSTON DRIVE, surrey, British Columbia

25 9989 E Barnston Drive

Surrey, British Columbia

This gorgeous Townhome looks at the West Coast Mountains, the Valley & the Fraser River, the most prestigious address in Fraser Heights is an exclusive, master planned community. For the 1st time being offered on the market, this 2 bedroom home has had many updates & special features. On the main floor you have an open living plan that opens onto your private patio, 2 large bedrooms on the top floor w/ 2 full size bathrooms, a walk-in closet & laundry. On the ground floor, a double tandem garage w/plenty of storage. This community is removed from the hustle & bustle of the city yet conveniently connected to a number of prestigious private & public schools, shopping & amenities, along w/ nature trails & pristine parkland. (id:48205)

2 Bedroom 3 Bathroom 1420
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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