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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
$919,000
5 8137 164 STREET, surrey, British Columbia

5 8137 164 Street

Surrey, British Columbia

Fleetwood Living is a new community of townhomes - 3 Bedroom + 3 Bath, beautiful open concept unit with high-end appliances and modern finishes throughout that are sure to impress. Located in a quiet and peaceful neighbourhood, this townhome is within walking distance to both Walnut Road Elementary and Fleetwood Park High School, making it a perfect home for families with children. In addition, this prime location offers easy access to public transit, with a new Skytrain station coming soon. You will love the convenience of having all the shopping, dining, and grocery stores near by. Call Now! (id:48205)

3 Bedroom 3 Bathroom 1358 sqft
For sale
$915,000
17 19219 67 AVENUE, surrey, British Columbia

17 19219 67 Avenue

Surrey, British Columbia

THE BALMORAL - 4 bedroom end unit with side by side double garage. Bright, spacious open plan with Maple kitchen cabinets and granite counter tops, stainless steel appliances, fridge with ice maker and gas stove. Main floor features convenient decks off kitchen and living room as well as a 2 piece bathroom. Upper floor has 3 bedrooms with 2 full bathrooms and laundry. Lower floor has another bedroom with a 2 piece bath also. Located close to Starr Park and very handy to all of Clayton and Willoughby amenities. (id:48205)

4 Bedroom 4 Bathroom 1863 sqft
For sale
$908,000
42 8567 164 STREET, surrey, British Columbia

42 8567 164 Street

Surrey, British Columbia

Welcome to Monta Rosa, where contemporary living meets unparalleled convenience in a vibrant city. This immaculate home offers a harmonious blend of style, comfort, privacy and security of a gated community. A well designed interior boasting spacious living areas and functional layout that creates a cozy flow between the living, dining, and kitchen areas. The kitchen is a chef's delight with ample storage space, ceramic top stove and cozy casual dining area. The master suite comes complete with a luxurious ensuite bathroom and a huge walk-in closet. Extra incl; a large dining room with windows which can be converted into a 3rd bedroom, new furnace, a huge crawl space etc. The private patio offers a peaceful space to enjoy your morning coffee or host summer BBQs. Call now for a showing! (id:48205)

2 Bedroom 3 Bathroom 1767 sqft
For sale
$900,000
51 19330 69 AVENUE, surrey, British Columbia

51 19330 69 Avenue

Surrey, British Columbia

MONTEBELLO END UNIT Townhouse that is on a quiet cul-de-sac. This 3 bed /3 bath + Recroom home is 1975 square feet. Large Primary bdrm w/walk-ion closet & 4 piece ensuite. Bright mainfloor, you will find Living rm & Family with Fireplaces. Open concept Kitchen that leads out to the huge private 20 ft wide balcony overlooking PRIVATE trees. Downstairs there is a large RECROOM for the teenagers. Built in Speakers throughout the home, Smart smoke CO2 sensors. 4 CAR PARKING ! Double garage with 2 Parking spots on the pad that can fit 2 FULL SIZED PICKUP TRUCKS! Also bonus street parking in front of unit in CUL-DE-SAC, next to Katzie Elementary & Katzie Park. Do not miss this opportunity!! (id:48205)

3 Bedroom 3 Bathroom 1975 sqft
For sale Open House
$899,999
66 19477 72A AVENUE, surrey, British Columbia

66 19477 72a Avenue

Surrey, British Columbia

Welcome Home to this Spacious Corner unit with 4 Beds + 3 Washrooms !! Ground level has a Bedroom, a washroom and extra wide side by side garage. Lots of windows througout this corner unit to bring in natural light. Bright and Spacious Main level comes with Kitchen, Dinning and spacious living area with cozy fireplace. Chef inspired kitchen with quality appliances that opens to covered balcony for BBQ or enjoyijng your favourite beverage in any season. Upper level has 3 spacious bedrooms with oversize windows. Huge Master bedroom comes with vaulted ceiling, built in work station, ensuite washroom and room length closet. Opportunities like this don't come often... Act Fast !! (id:48205)

4 Bedroom 3 Bathroom 1534 sqft
For sale Open House
$899,900
74 15340 GUILDFORD DRIVE, surrey, British Columbia

74 15340 Guildford Drive

Surrey, British Columbia

GUILDFORD THE GREAT! END UNIT designer townhome, custom stacked stone fireplace - with the television included! Custom coffered ceilings in the living room. High quality laminate on the main. Kitchen with huge centre island, premium stainless steel appliances, French door fridge, over the range microwave, engineered granite countertops. Upstairs houses three lovely bedrooms, master with ensuite bathroom and walk-in closet. 4th bedroom downstairs, perfect for home office or guest room. Single garage + car port. Several visitor parking stalls behind the unit and across street. Position for convenience... Guildford Recreation Centre, Guildford Shopping Mall, several Big Supermarkets, Banks, all levels of schools are within 5 min drive. **OPEN HOUSE: SUN Jun. 23 @ 2-4PM** (id:48205)

4 Bedroom 3 Bathroom 1439 sqft
For sale Open House
$899,900
101 15501 89A AVENUE, surrey, British Columbia

101 15501 89a Avenue

Surrey, British Columbia

Beautiful rancher CORNER UNIT in Avondale! Enjoy the quiet & peaceful environment with only one neighbour. The large yard and GREEN SPACE offer plenty of room to enjoy the outdoors. Family and pet-friendly, or PERFECT for downsizing! The large bay window, new flooring, gas fireplace, built-in wood cabinetry, dining room PLUS eating area, newer stainless appliances, and extra large walk-in shower with glass roller doors are some of the features that make this home TRULY SPECIAL! In addition to the great interior features, there's also an attached DOUBLE GARAGE. RV parking is also available for rent. Avondale owners enjoy access to the clubhouse with a meeting room and library. Don't miss out on this fantastic opportunity, call today to book your showing! (id:48205)

2 Bedroom 2 Bathroom 1483 sqft
For sale
$899,888
39 18850 72A AVENUE, surrey, British Columbia

39 18850 72a Avenue

Surrey, British Columbia

BRAND NEW STAND ALONE TOWNHOME UNIT!! GST PAID! Nestled in the highly coveted Clayton Heights area. This home is one of a kind. Featuring redefined luxury with unparalleled build quality, meticulously selected details, and exquisite finishes. Boasting its own private, expansive 365 SQFT patio, an exclusive feature unmatched by any other unit. Enjoy the ultimate in outdoor living and entertainment space, right at your fingertips. Indulge in the luxury of outdoor grilling with the convenient gas hook-up for your BBQ, while the included 2-car parking and bike storage add to the practicality of everyday living. With quick possession possible, you could be calling Orenda home sooner than you think. OPEN HOUSE: MAY 11 2024, 1 - 3PM / MAY 12 2024, 2 - 4PM. (id:48205)

3 Bedroom 3 Bathroom 1970
For sale
$899,800
95 6575 192 STREET, surrey, British Columbia

95 6575 192 Street

Surrey, British Columbia

Awesome 1,869 sq.ft of luxurious living space 3 bedroom, 2,5 bath townhouse in IXIA. This beautiful corner unit home offers great floor plan, 9' ceilings, main floor boast gourmet kitchen w/steel appliances, granite countertops, great dining area & family room w/covered deck off. Cozy living room w/fireplace, second covered deck of the living room. Upstairs 3 specious bedrooms & 2 full bath. Large walk-in closet in primary bedrm. Basement offers huge flex room, walkout private fully fenced yard w/patio. Convenient location, close to schools, parks, shops, Costco, all just minutes away. (id:48205)

3 Bedroom 3 Bathroom 1869 sqft
For sale
$899,000
156 9718 161A STREET, surrey, British Columbia

156 9718 161a Street

Surrey, British Columbia

Imagine living amongst 642 acres of greenspace! This is the exciting reality of living in the unique & peaceful community of Canopy by reputable STRETSIDE DEVELOPMENTS. This 3 bdrm up home features modern, open concept main floor with today's necessities, such as stainless appliances (GAS RANGE!), laminate flooring, quartz countertops, main floor powder room. Spacious master with ensuite & glassed-in shower plus double sinks. Huge tandem garage, lovely deck with yard to the rear and the home is on a quiet area on a dead-end street. Clubhouse with gym area! Canopy has direct access to walking trails and is close to transit, schools plus not far from the mall, hospital & minutes to the Highway. Trees, nature & peace. (id:48205)

3 Bedroom 3 Bathroom 1257 sqft
For sale
$899,000
9 14955 101A AVENUE, surrey, British Columbia

9 14955 101a Avenue

Surrey, British Columbia

Nestled just steps away from Guildford Mall, this pristine 3-bedroom, 2-bathroom townhouse is ready to become your home. With a modern and open layout, this extremely well kept townhouse boasts high ceilings, stainless steel appliances, and a fenced backyard, perfect for entertaining or enjoying quiet evenings. The property is conveniently located near to the public transportation and all amenities, including Guildford Mall, schools, libraries, and recreation centers. Don't miss out on this incredible opportunity to live in a fantastic location with everything you need right at your doorstep. Schedule a viewing today and make this townhouse your new home sweet home! Contact us now to learn more and book your tour. (id:48205)

3 Bedroom 2 Bathroom 1310
For sale
$889,888
2201 14881 103A AVENUE, surrey, British Columbia

2201 14881 103a Avenue

Surrey, British Columbia

Absolutely Stunning 270 Degree Mountain Views from this oversized PENTHOUSE in the sky, complete with 2 Balconies!This beautifully new renovated 3 bedrooms 2 bathrooms corner unit Penthouse features an open floorplan with new kitchen cabinets and countertops, new island, new tiles,new stone feature wall, new floors,new bathrooms.The large floor to ceiling windows allow for tons of natural lighting which also lets you take in the breathtaking views of the Mountains and City.The spacious living area is complimented by stone surrounded gas fireplace.The master bedroom is very spacious with a large WALK in closet and a new renovated en-suite.Suite comes with 2 Parking Stalls&Storage Locker.NO PETS, RENTALS ALLOWED.Close to schools, Guildford Mall and min to HWY1. (id:48205)

3 Bedroom 2 Bathroom 1608 sqft
For sale Open House
$889,000
3 19433 68 AVENUE, surrey, British Columbia

3 19433 68 Avenue

Surrey, British Columbia

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

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

43 15399 Guildford Drive

Surrey, British Columbia

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

3 Bedroom 4 Bathroom 1508 sqft
For sale
$888,000
43 16388 85 AVENUE, surrey, British Columbia

43 16388 85 Avenue

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1655 sqft
For sale Open House
$880,000
26 6945 185 STREET, surrey, British Columbia

26 6945 185 Street

Surrey, British Columbia

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

3 Bedroom 3 Bathroom 1396 sqft
For sale Open House
$879,900
16 15399 GUILDFORD DRIVE, surrey, British Columbia

16 15399 Guildford Drive

Surrey, British Columbia

Guildford Green! Nestled away in one of the few greenspaces left in the heart of Guildford. Enjoy 3 acres of greenspace. This spacious 3 bedroom unit is built with top notch quality including updates such as new laminate, cabinets, washer/dryer and blinds to name a few! Gourmet kitchen, stylish and expensive bath fixtures, cozy fireplace, Hardi Plank exteriors, huge clubhouse , party room and meeting room. Steps away from all that Guildford has to offer, Guildford shopping centre, Guildford Golf Course, Rec Centre fine dining and easy access to Hwy 1. Book yours today! (id:48205)

3 Bedroom 4 Bathroom 1448 sqft
For sale
$879,900
105 10333 133 STREET, surrey, British Columbia

105 10333 133 Street

Surrey, British Columbia

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

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

110 16031 82 Avenue

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 1618 sqft
For sale
$879,000
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! (id:48205)

3 Bedroom 2 Bathroom 1322 sqft
For sale
$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. (id:48205)

3 Bedroom 3 Bathroom 1292 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! UNFINISHED AREA:390 SQR FT: (Garage-276 sqr ft. Balcony-114 sqr ft) SHOWINGS BY APT W/ 12+ HRS NOTICE DON'T MISS OUT ON YOUR CHANCE TO MAKE THIS YOUR NEW HM! (NXT SHOWING JUNE 20 FROM 1230-2PM) (id:48205)

3 Bedroom 3 Bathroom 1688 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