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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
$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
For sale
$825,000
24 19525 73 AVENUE, surrey, British Columbia

24 19525 73 Avenue

Surrey, British Columbia

Welcome Home to UPTOWN! This spacious townhome boasts over 1,600 sqft, perfect for the whole family. Enjoy the outdoors with two balconies and a generously sized backyard backing onto a peaceful greenbelt. As you enter the home, you're greeted by a versatile bedroom, ideal for a home office or guest room! The main level features bright open concept living and a convenient powder room perfect for both everyday living and entertaining. Upstairs, the primary bedroom spacious enough to comfortably fit a king-size bed and complete with an ensuite bathroom for your privacy and comfort. Two additional bedrooms and a full bathroom complete the upper level. Experience comfort and tranquility in this beautiful UPTOWN townhome. (id:48205)

4 Bedroom 3 Bathroom 1627 sqft
For sale
$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
$824,900
20 8778 159 STREET, surrey, British Columbia

20 8778 159 Street

Surrey, British Columbia

Welcome to AMBERSTONE! This beautifully maintained 3BR+3BA townhouse nestled in highly desirable Fleetwood Tynehead. Step into bright interiors, featuring granite countertops in the kitchen, elegantly complemented by crown moldings throughout. Large windows invite abundant natural light into every room. Oversized garage and a ground floor 1BR + 1BA, perfect for guests or family members. Step outside onto the walk-out patio overlooking a spacious garden, ideal for entertaining. Brand new hot water tank. Huge balcony facing the backyard. Enjoy the convenience of nearby amenities & future Skytrain access, simplifying your commute. Don't miss the chance! Showing by appointment ONLY. Offers reviewed as it comes. Short notice for showing is Okay. (id:48205)

3 Bedroom 3 Bathroom 1322 sqft
For sale
$824,900
30 6852 193 STREET, surrey, British Columbia

30 6852 193 Street

Surrey, British Columbia

Welcome to Indigo in the heart of Clayton. This lovely home is nestled onto the courtyard and has been well kept featuring 9' ceilings, maple kitchen with granite counter tops, Island, stainless steel appliances, sitting area, and a lovely dining area with living room that opens up to the fenced back yard for entertaining. There are also laminate floors, updated lighting on the main level, three bedrooms up including a primary with three piece ensuite. This complex is equipped with a gym, large clubhouse with kitchen, lounge and is close to Katzie elementary, shopping and recreation. 2 Pets allowed. Open house Saturday 1-3pm, Jun 15. (id:48205)

3 Bedroom 3 Bathroom 1393 sqft
For sale
$819,900
315 10333 133 STREET, surrey, British Columbia

315 10333 133 Street

Surrey, British Columbia

Melrose - A luxury high-rise tower in Surrey city centre. North-East facing CORNER unit on 3rd floor. A top quality 2 bed, 2 bath, 860 sqft interior, huge 130 sqft BALCONY completing in July to Sept 2024. 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances w/gas cooktop. Amenities: Fully equipped kitchen w/ BBQ/outdoor pits, games room, children's play area, private co-work space, infrared sauna room, gym, yoga studio, spin room, outdoor tai chi studio. Includes 2 PARKING, 1 bike stall and 1 locker. Light colour scheme. Ideally located in the West Village, 5min walk to SkyTrain station, SFU, KPU, Surrey central shopping mall, restaurants, etc. Bonus: a closet organizer in both bedrooms and entry closet. (id:48205)

2 Bedroom 2 Bathroom 860 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! (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
$815,000
80 18983 72A AVENUE, surrey, British Columbia

80 18983 72a Avenue

Surrey, British Columbia

Welcome to the Kew by Mosaic Homes! Step into this designer 2 bedroom + den (The den could be converted to 3rd bedroom) Very functional and spacious layout. A very large deck with great location, stylish laminate flooring throughout the main floor, spacious designer kitchen, built-in microwave hood fan and ceramic top low profile stove and stainless steel fridge, 9 ft. ceilings on main floor, tiled entry, large ensuite bathroom upstairs as well as main bath with deep soaker tub and a 2 pce washroom on the bottom floor. Close to transit and amenities. (id:48205)

2 Bedroom 3 Bathroom 1469 sqft
For sale
$809,880
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
$805,000
81 19433 68 AVENUE, surrey, British Columbia

81 19433 68 Avenue

Surrey, British Columbia

Welcome to The Grove built by award winning Townline Homes! Main floor features 9ft ceilings, open concept living & dining area, modern kitchen with S/S appliances, quarts counters, pantry & work station/computer nook. Upstairs has laundry, large master bedroom with his & hers closet, oversized shower ensuite & second bedroom. 3rd bedroom is below or could be a great den or office. Quiet inside unit has South Facing fenced yard & balcony overlooking Central Courtyard. Family & pet friendly complex includes 5 Star amenities - Fitness Centre, Theatre, Fireside Lounge, Hockey rink, Billiards room, outdoor pool & playground. Steps to Katzie Elementary & park - minutes to everything! Bonus - parking deep tandem garage, long driveway for a larger vehicle. Open House Saturday June 15, 2 - 4 pm. (id:48205)

3 Bedroom 2 Bathroom 1242 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

*Open House June 2, 2PM - 4PM* 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
$799,990
111 16031 82 AVENUE, surrey, British Columbia

111 16031 82 Avenue

Surrey, British Columbia

This stunning townhouse nested in the heart of Fleetwood. Welcome to this rarely available Corner GROUND LEVEL townhome all in ONE LEVEL, in the quiet, prestigious, "Springfield Residence". Unit is tastefully renovated for approximately over $100K. It features new Kitchen cabinetry, Quartz countertops, backsplash, newer flooring, High End S/S appliances, brand new Closet in room, Extra storage closet in garage. This open floor plan features 2 generous sized bedroom w/ updated bathrooms, New hot water tank, New blinds & Paint. Lots of visitor parking. Great complex and close to Schools, transportation, parks, Fleetwood Rec Centre, Pool. 2 parking, storage area, pets ok, Rarely do they come this. Come visit in Open house OPEN HOUSE Saturday 08th June 01 PM to 04 PM. (id:48205)

2 Bedroom 2 Bathroom 1360 sqft
For sale
$799,900
26 9989 E BARNSTON DRIVE, surrey, British Columbia

26 9989 E Barnston Drive

Surrey, British Columbia

Highcrest at Fraser Heights!! Breathtaking Mountain views! 3Level well kept unit offers open concept on the main floor with gourmet kitchen, spacious north facing living area, Dining room leads to a levelled south facing patio, fenced backyard. Large windows & high ceilings upstairs, 3 Bed , 2 full Bath. Double tandem Garage parking and lots of Storage. Easy access to Hwy #1 & #17 to both airports & Ferries, Golden Ears & Port Mann Bridge. Close to schools, Guildford mall, Rec centre, Trails, parks and more. Call to book showings or OPEN house Sat June 15, 12-3pm & Sun June 16, 2-4PM. (id:48205)

3 Bedroom 3 Bathroom 1422 sqft
For sale
$799,900
43 8778 159 STREET, surrey, British Columbia

43 8778 159 Street

Surrey, British Columbia

Impeccably well maintained bright and spacious corner unit townhouse in the Amberstone complex in prime Fleetwood footprint offers an ideal blend of comfort and style. Featuring 3 bedrooms and 2.5 bathrooms, it boasts a spacious open-concept living area with abundant natural light. The kitchen is equipped with stainless steel appliances and crown moulding with a dedicated eating area. Enjoy outdoor living with a private fenced yard and patio. Highlights include a good sized family room and a cozy gas fireplace, attached double tandem garage, and ample storage. Close proximity to future Skytrain and walk within minutes to shops, cafes, banks and restaurants with nearby schools, recreation centre and public transit. (id:48205)

3 Bedroom 3 Bathroom 1421 sqft
For sale
$799,900
2 19202 66A AVENUE, surrey, British Columbia

2 19202 66a Avenue

Surrey, British Columbia

Clayton's boutique townhome complex, One92 by Lakewood, offers a meticulously designed 3 Bed+Flex, 3 Bath home featuring a BBQ hook-up, gas range, spacious center kitchens, durable laminate floors, a walk-out fenced yard facing green space, and a large flex room. Surrounded by greenery, this spacious and bright home showcases a modern farmhouse style with matte white kitchens, black Whirlpool appliances, and black fixtures and hardware. Located in a quiet, convenient area close to schools, shopping, parks, and transit, and near the future SkyTrain station, this home ticks all the boxes. Open House June 8 1:00 - 3:00PM & June 9 2:00 - 4:00PM (id:48205)

3 Bedroom 3 Bathroom 1644 sqft
For sale
$799,900
17 6635 192 STREET, surrey, British Columbia

17 6635 192 Street

Surrey, British Columbia

Bright, clean and sunny, south-east facing unit with spacious backyard with a 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
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
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
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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