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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
$879,000
110 16031 82 AVENUE, surrey, British Columbia

110 16031 82 Avenue

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 1618 sqft
For sale
$879,000
112 9978 151 STREET, surrey, British Columbia

112 9978 151 Street

Surrey, British Columbia

Welcome to #112 Cedar Grove Estates-a rare, south-facing end unit offering main-floor living with lots of sunlight. Recently updated, this home features a modern kitchen with quartz counters and stainless appliances, a cozy living room, family and dining room with a gas fireplace, and three spacious bedrooms upstairs. The primary suite boasts a luxurious ensuite. Low strata fees, a well-maintained complex, and a 2nd parking stall steps from your door make this the ideal home. A few minutes to Guildford Mall, TNT market, Green Timbers Forest, Hawthorne Rotary Park and countless more amenities. Don't wait to make this your new home! OPEN HOUSE June 8 12-2pm (id:48205)

3 Bedroom 3 Bathroom 1685 sqft
For sale
$879,000
38 9405 121 STREET, surrey, British Columbia

38 9405 121 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1475
For sale
$875,000
56 8473 163 STREET, surrey, British Columbia

56 8473 163 Street

Surrey, British Columbia

Welcome to the ROCKWOODS by Anthem properties. This charming 3 bedroom, 2 bathroom corner unit offers an inviting space with lots of natural light, granite countertops, stainless steel appliances, stylish kitchen cabinets, airy living and dining areas, private balcony, in-suite laundry, 2-car attached garage and much more! Enjoy great amenities at the Rockwood Clubhouse, which includes a gym, lounge, playground, and BBQ area. Easy access to Fraser Highway for accessing public transportation. Driving distance to Willoughby, Guildford, and Central City Malls. Elementary and secondary schools are conveniently located within a short distance, providing educational options for families. Walking distance to FUTURE skytrain station! OPEN HOUSE: JUNE 15 2pm-4pm (id:48205)

3 Bedroom 2 Bathroom 1322 sqft
For sale Open House
$858,000
13 15340 GUILDFORD DRIVE, surrey, British Columbia

13 15340 Guildford Drive

Surrey, British Columbia

Guildford the Great by Dawson & Sawyer. Nestled in Guildford Town Centre, this meticulously maintained three-level townhouse offers unparalleled urban living. Featuring three spacious bedrooms, a versatile den, and two and a half baths, it exudes comfort and functionality. With its open kitchen layout, quartz countertops, and stainless steel appliances, the home invites both relaxation and entertainment. Positioned for convenience, it provides easy access to amenities, schools, near Guildford Town center, parks, and major highways. Don't miss the chance to experience modern living at its finest-schedule a viewing today. Open house June 9 Sun 2-4pm. (id:48205)

3 Bedroom 3 Bathroom 1292 sqft
For sale Open House
$850,000
504 8260 162A STREET, surrey, British Columbia

504 8260 162a Street

Surrey, British Columbia

Welcome to highly sought after and family orientated 'FLEETWOOD MEADOWS', most desirable locations in Fleetwood, END UNIT, LOW MAINTENANCE Fee, TWO LEVEL TOWNHOME with a modern look of kitchen, clean and kept in a very good condition. BONUS Master Bedroom on the Main Floor with Full Bathroom. Highly ranked Walnut Road Elementary & Fleetwood Park Secondary just steps away. Parks, Rec Centre, shopping malls, library. Close access to transportation & NEW Skytrain Station. A perfect home for your family! FIRST OPEN HOUSE: JUNE 15/16 (SAT & SUN) 2-4PM (id:48205)

3 Bedroom 2 Bathroom 1566 sqft
For sale
$849,999
21 19180 65 AVENUE, surrey, British Columbia

21 19180 65 Avenue

Surrey, British Columbia

Welcome home to La Rue in Clayton Heights! Just a 5 min drive to T&T, Superstore, Walmart, Willoughbrook Mall & restaurants! Just 2 blks to DIRECT TRANSIT to SKYTRAIN! EASY ACCESS to Hwy 1. The future SKYTRAIN STATION will be 5 min walk away. Latimer Road Elementary School, Katzie Elementary, Clayton Heights Secondary ARE close by as well as parks. This well maintained 3 LVL hm offers 3 bdrms & 3 bths. HOME IN EXCELLENT CONDITION! With 2 parking spots + street parking. BONUS: Fully fenced yard. 2nd floor offer an large open concept kitchen w/ breakfast bar, granite counter tops, lots of cabinets, stainless steel appliances. Spacious patio off kitchen, great for a BBQ! Not included in the 1298 sqr ft: Garage-290 sqr ft. Balcony-114 sqr ft. SHOWINGS BY APT W/ 12+ HRS NOTICE SAT 1-3 SUN 12-2PM DON'T MISS OUT ON YOUR CHANCE TO MAKE THIS HOME YOURS! (id:48205)

3 Bedroom 3 Bathroom 1298 sqft
For sale
$849,999
64 19455 65 AVENUE, surrey, British Columbia

64 19455 65 Avenue

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1494 sqft
For sale
$849,998
62 8638 159 STREET, surrey, British Columbia

62 8638 159 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1426 sqft
For sale Open House
$849,900
56 11255 132 STREET, surrey, British Columbia

56 11255 132 Street

Surrey, British Columbia

Wow!!Come live in this Fantastic 3-bed and 3 bath Townhome in Fraserview Terrace. Great location close to SFU, Skytrain, shopping, Elementary School, Park & Pattullo Bridge and minutes away from Highway access to be in Downtown Vancouver in 35min! OPEN PLAN LIVING/KITCHEN w/laminate & tile flooring, ELEC FIREPLACE. Large Master Bedroom with full 4pc ENSUITE.! Comes w/ 2 secured underground parking stall and a storage locker. Great Starter Home In a Family Oriented Strata. Playground For Kids On The Property. (id:48205)

3 Bedroom 3 Bathroom 1434 sqft
For sale Open House
$849,900
36 19180 65 AVENUE, surrey, British Columbia

36 19180 65 Avenue

Surrey, British Columbia

Beautiful Cloverdale 3 bedroom 3 bathroom townhouse in La Rue. This home features a gourmet kitchen with maple cabinets complete with full height stone backsplash and stone counter tops. The stainless steel appliances, laminate flooring, and custom built shelving surrounding the fireplace for extra storage/decorating take this bright space to the next level. West facing balcony overlooking playground is a parents dream. Tandem garage with a possibility of a flex room/man cave. This complex is located on a quiet street and short distance to shopping, transit line, restaurants and highway access. Book your private viewing today!! ** OPEN HOUSE JUNE 8/9 SAT/SUN 2-4PM ** (id:48205)

3 Bedroom 3 Bathroom 1406 sqft
For sale Open House
$849,900
34 8888 151 STREET, surrey, British Columbia

34 8888 151 Street

Surrey, British Columbia

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

4 Bedroom 3 Bathroom 1609 sqft
For sale
$849,888
61 8638 159 STREET, surrey, British Columbia

61 8638 159 Street

Surrey, British Columbia

Tastefully refreshed heritage-inspired 4BR 2.5BTH Fleetwood townhome. Updated laminate flooring & new white paint beneath LED pot lights welcome you into a spacious, elegant living & dining area. Comfortably entertain guests seated along the quartz countertop while preparing delectable meals in your chic kitchen w/ shaker-style cabinets & stainless steel Samsung appliances. Completing the main is a separate bed w/ private powder room - ideal for guests or extended family. The upper level is reserved for sunlit bedrooms w/ primary bedroom boasting airy, vaulted ceilings, a cozy window seat, mirrored 'his & hers' closets & a well-appointed ensuite. Highly walkable, Sagewood is steps to bus stops, schools, grocery stores, restaurants & a future skytrain station w/ easy access to major routes. (id:48205)

4 Bedroom 3 Bathroom 1481 sqft
For sale
$849,888
33 7121 192 STREET, surrey, British Columbia

33 7121 192 Street

Surrey, British Columbia

Explore this 1600+ sq ft townhouse in the Allegro. Walking distance to grocery store, restaurants, childcare, shopping, and transit options. This home has been recently updated, featuring new laminate flooring and fresh paint throughout, along with new kitchen cabinet doors. The kitchen boasts stainless steel appliances and granite countertops, opening to a deck for outdoor enjoyment. Additionally, there's a separate patio adjacent to the versatile 4th bedroom or den on the lower floor. The residence includes three upstairs bedrooms, two full bathrooms, a half bath on the main floor, and a spacious tandem garage with a workspace. This townhouse is a perfect mix of style and practicality in a prime location. (id:48205)

4 Bedroom 3 Bathroom 1650 sqft
For sale
$849,000
38 7247 140 STREET, surrey, British Columbia

38 7247 140 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1648
For sale
$839,900
47 7121 192 STREET, surrey, British Columbia

47 7121 192 Street

Surrey, British Columbia

Looking for an immaculate 3-bedroom townhome in family-friendly Clayton? This stunning home, lovingly maintained by its original owner, offers a huge private backyard that opens onto Hazelgrove Park. Upstairs, you'll find 3 spacious bedrooms, including a master with a walk-in closet and ensuite. The main level features multiple family areas, a formal living room, and dining space. Enjoy BBQs and entertaining on the large front deck off the family room and kitchen. With a large double garage and additional space for a gym, man cave, or extra bedroom, this pet-friendly home is perfect for families. Just a short walk to schools and shopping. Live in the safe and welcoming community of Clayton! Open House June 15 from 2-4pm (id:48205)

3 Bedroom 3 Bathroom 1446 sqft
For sale Open House
$839,800
35 8778 159 STREET, surrey, British Columbia

35 8778 159 Street

Surrey, British Columbia

Great opportunity to own a quality built 3 Bed + double tandem garage townhouse with fenced backyard in a desirable Fleetwood community! The townhouse has 2.5 washrooms & ensuite laundry. This excellent townhouse is freshly painted, with renovated kitchen, smart switches, smart thermostats & multiple other upgrades. Enjoy your mornings in this unit's super bright breakfast nook right beside the kitchen, or step out to your fully fenced yard. The complex is well maintained with lots of parking along 159 street, and is close to transit, shopping, schools and parks! The new skytrain station is currently under construction and is just a 5 min walk. Excellent move-in condition, must see to appreciate it. (id:48205)

3 Bedroom 3 Bathroom 1404 sqft
For sale
$839,000
53 6852 193 STREET, surrey, British Columbia

53 6852 193 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1476 sqft
For sale
$835,000
63 19455 65 AVENUE, surrey, British Columbia

63 19455 65 Avenue

Surrey, British Columbia

Welcome Home to this fabulous end unit at "Two Blue" in the heart of Clayton! This well maintained home features a bright open concept plan, 9ft ceilings and a spacious kitchen with tons of work and storage space with a large pantry and island. You will love the main floor access to a great size yard, overlooking a quiet greenbelt - perfect for kids and dogs! Upstairs you will find a large primary bedroom with ensuite featuring double sinks AND two more good size bedrooms! Large tandem garage with enough space for two cars & extra storage. Katzie Elementary & Clayton Heights Secondary are nearby. Fantastic family oriented & pet friendly area. Close to Schools, Parks, Restaurants, Grocery Stores, Willowbrook Shopping Centre & FUTURE SKYTRAIN. Don't miss it, book your private viewing today! (id:48205)

3 Bedroom 3 Bathroom 1442 sqft
For sale
$829,900
45 9380 128 STREET, surrey, British Columbia

45 9380 128 Street

Surrey, British Columbia

Welcome to Surrey Meadows! This spacious, bright 4-bedroom townhouse offers versatile living with 3 bedrooms upstairs and a downstairs room that can serve as a rec room with a full bath. The home features 3 bathrooms and has been updated with new windows, paint, laminate flooring, and bathroom fixtures. Enjoy a private yard for barbecues or storage. Community amenities include a clubhouse, outdoor pool, and playground. The townhouse boasts an 8-year-old roof and a new fence. Conveniently located with easy access to transportation, Nordel Way, Gateway, and just half a block from schools. Ideal for growing families and pets. Centrally located with easy access to Vancouver and the highway. Call today for an appointment! Open house sat/sun 2-4pm (id:48205)

4 Bedroom 3 Bathroom 1650 sqft
For sale
$829,900
9 19330 69 AVENUE, surrey, British Columbia

9 19330 69 Avenue

Surrey, British Columbia

This 3 bed, 2 full bath townhouse in desirable Montebello is situated in one of the best locations within the complex. It backs onto Katzie Park and Elementary school for quick access. Enjoy open-concept living on the main floor with 9 ft. ceilings, dining area, and generously sized living room featuring a gas fireplace. The gourmet kitchen boasts granite counters, s/s appliances, long island and modern grey cabinets, and open alcove for large kitchen table. Huge private balcony overlooking fully-enclosed backyard below. Primary bedroom has walk-through closet to a beautiful ensuite that includes two sinks. Two additional good sized bedrooms & another full bath with shower head. Fully-enclosed 2 car tandem garage has large open storage alcove and closet under staircase. (id:48205)

3 Bedroom 2 Bathroom 1483 sqft
For sale Open House
$829,879
31 7121 192 STREET, surrey, British Columbia

31 7121 192 Street

Surrey, British Columbia

4-bedroom 3-bathroom move in ready townhouse in Allegra right in the heart of Cloverdale, and perfectly located for any future SkyTrain expansion! This updated home is in a family oriented complex and features fresh paint, granite countertops, laminate floors and stainless-steel appliances. This pet friendly home also features a private backyard perfect for summer BBQ. In Hazelgrove Elementary and Clayton Heights Secondary catchment. LOW Maintenance fees! Easy to show. OFFER'S FIRST COME FIRST SERVE. SATURDAY-2-4 PM AND SUNDAY OPEN HOUSE--12-2 PM. (id:48205)

4 Bedroom 3 Bathroom 1568 sqft
For sale
$829,000
28 15399 GUILDFORD DRIVE, surrey, British Columbia

28 15399 Guildford Drive

Surrey, British Columbia

Welcome to Guildford Green, This spacious 2-bed, 4-bath townhouse ensures ample space for comfortable living with brand new vinyl flooring on the main , stainless steel appliances, quartz countertops, and a spacious pantry, ensuring style and functionality .Embrace outdoor living with balcony and a private fenced backyard backs onto green belt for BBQ gatherings. Enjoy the green space, low strata fee and the amenities such as clubhouse , party room, meeting room ,gym and play ground. Guilford Green offers convenience, with proximity to Guilford town center , Recreation Centre, supermarket ,libraries, and the Guildford Golf Course With easy access to H/w 1. Harold Bishop Elem School and Johnston Heights School are with in the catchment. (id:48205)

2 Bedroom 4 Bathroom 1471 sqft
For sale
$828,000
103 19551 66 AVENUE, surrey, British Columbia

103 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 and updated appliances.Are you busy raising young kids then this 3 beds, 2.5 baths is sure to please. This townhome has upgraded stainless steel appliances, laminate floors, rich kitchen cabinetry plus it is located beside a huge GREENSPACE. It's like having your own large yard without the work, just grab your lawn chairs and watch the kids and pets run and play. Single garage, storage space -potential for Music/Office/Study/Hobby/Play/Rec. room etc and UNLIMITED street parking right in front of your unit. Won't last long..Sky train is coming close in future. Prime Location ! Superstore ,Costco, Walmart nearby !! (id:48205)

3 Bedroom 3 Bathroom 1605 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