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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
$649,000
202 9978 148 STREET, surrey, British Columbia

202 9978 148 Street

Surrey, British Columbia

Welcome to your oasis at Highpoint Garden! This stunning concrete building boasts full rain screening,ensuring durability and peace of mind for years to come. Step into luxury with this spacious 2-bedroom, 2-bathroom unit. One parking and One Storage Locker.New paint Indulge in resort-style living with unparalleled amenities, including an inviting outdoor pool, relaxing hot tub, and a gym to keep you active and energized.During cooler evenings, cozy up by the fireplace for a relaxing ambiance. Conveniently located near Guildford Mall and a recreational center, you'll have easy access to shopping, dining, and entertainment options.Very well managed strata Contingency fund very good. Don't miss out on the opportunity to make Highpoint Garden your new home sweet home! (id:48205)

2 Bedroom 2 Bathroom 1198
For sale Open House
$649,000
218 18811 72 AVENUE, surrey, British Columbia

218 18811 72 Avenue

Surrey, British Columbia

Welcome to The Corners by award winning Developer RDG Management and desirable development in Clayton. This 2BD 2 BATH has a well-designed layout with abundant natural light & contemporary finishes . 2" Blinds, Whirlpool appliances w/slide-out hood fan, ultra-quiet dishwasher, modern kitchen lighting. Social House is a 12,000 SF+ indoor/outdoor resident Amenity Centre w/ Fitness Lounge, Work Hub, Gourmet Kitchen, Climbing Wall, Billiard Room, Entertainment Area, and Guest Suite! Retail shops right at your doorstep, minutes from schools, parks, restaurants, hwy #1 and future skytrain! Unit incl. 1 Parking+1 Storage Locker. Open House May 04,2024 between 12-2pm (id:48205)

2 Bedroom 2 Bathroom 831
For sale Open House
$649,000
312 14988 101A AVENUE, surrey, British Columbia

312 14988 101a Avenue

Surrey, British Columbia

Wow! Renovated, South facing, top floor, two bed and two bath condo is 1082 sq ft. Quiet location in complex. Features include vaulted ceiling in living/dining room, bright kitchen with eating area, separate laundry room with extra storage. Primary has large shower and walk in closet. Updates include countertops, lighting, flooring, blinds and more. Huge private balcony is perfect for barbeques. Well maintained, rainscreened building. Two pets allowed; hot water and gas fireplace included in maint fee of $417. Storage locker and 1 secure u/g parking. Rent a second one at $25. Clubhouse has an exercise centre. Fantastic location one block from Guildford Mall, Walmart, movie theatre, restaurants and transit. Easy commute to bridges, highway and Skytrain. Open House Sun May 5 from 2-4. (id:48205)

2 Bedroom 2 Bathroom 1082
For sale Open House
$648,888
210 14885 105 AVENUE, surrey, British Columbia

210 14885 105 Avenue

Surrey, British Columbia

Welcome to the vibrant Reviva Residence, where convenience meets comfort in every square foot! This stunning 2-bedroom, 2-bathroom property boasts over 1200 sqft of living space, providing ample room for all your needs. Situated within walking distance to Transit, Schools, Guildford Mall, Restaurants, Groceries, parks and much more. With a short 25-minute drive to Downtown Vancouver, you can easily access the city's vibrant culture, business opportunities, and attractions. Don't miss this opportunity to own a piece of convenience at Reviva Residence. Contact us today to schedule a viewing and make this your new home! Open House May 4th & 5th 2-4pm. (id:48205)

2 Bedroom 2 Bathroom 1270
For sale
$648,888
504 9123 154 STREET, surrey, British Columbia

504 9123 154 Street

Surrey, British Columbia

Welcome to Lexington Square, a prestigious gated community in Fleetwood! This spacious upper unit townhome boasts 2 large bedrooms and 2 baths. The airy living and dining rooms feature high vaulted ceilings and a cozy gas fireplace, leading to a tranquil balcony overlooking the garden. Enjoy a refreshed kitchen with quartz countertops and a convenient walk-in pantry. Additionally, there's a versatile nook/flex space for a den or dining area. With a detached single car garage offering extra storage, this prime location puts you steps away from shopping, recreation, restaurants, and future Skytrain access. Close to Guildford Mall, medical clinics, and more! One owner must be 55+. (id:48205)

2 Bedroom 2 Bathroom 1479
For sale
$648,800
812 13428 105 AVENUE, surrey, British Columbia

812 13428 105 Avenue

Surrey, British Columbia

University District by Bluesky Properties, centrally located in the most thriving community, Surrey Central. Unit features an open-concept layout with large windows that flood the space with natural light, creating a bright and welcoming atmosphere. The modern kitchen is equipped with high end stainless steel appliances and sleek cabinetry providing a perfect space for preparing meals and entertaining guests. There is much more to offer: - Amenities including Gym, Yoga room, pool, bike storage, business center, lounge, BBQ, car wash, bike wash etc. - Steps away from SFU, KPU and Sprott Shaw College. - Easy access to restaurants and shopping mall, T&T, Walmart etc., - SkyTrain, buses. Truly an exceptional opportunity to own a piece of urban living in highly demanded location in the city. (id:48205)

2 Bedroom 1 Bathroom 657
For sale Open House
$645,000
108 6438 195A STREET, surrey, British Columbia

108 6438 195a Street

Surrey, British Columbia

Full of light,airy, 2 bedroom,2 washrooms and 2 parkings ground level open concept design.A kitchen with stainless steel whirlpool appliances,chrome hardware finishings.Central Location provides extra edge.Book showing today!! (id:48205)

2 Bedroom 2 Bathroom 835
For sale
$645,000
E420 10828 139A STREET, surrey, British Columbia

E420 10828 139a Street

Surrey, British Columbia

Viktor is centrally located near Surrey City Centre & all amenities including Skytrain, enjoy the convenience of a thriving, walkable community filled with shops, parks, restaurants, and the future 140th Street Skytrain station. This large 2 bedroom & 2 bathroom features high ceilings, luxurious wide plank laminate flooring througout, elegant two toned cabinetry, ample storage and stunning quartz countertops in the kitchen. Includes 1 parking. $5,000 credit upon completion. Estimated completion July/August 2024. (id:48205)

2 Bedroom 2 Bathroom 690
For sale
$645,000
218 9983 E BARNSTON DRIVE, surrey, British Columbia

218 9983 E Barnston Drive

Surrey, British Columbia

*Like new - Stunning end unit at *COAST* in Fraser heights* The first condo residence in the prestigious neighborhood of Fraser Heights, a happy addition to a well established area with sought-after schools, amenities, parks and it's beautiful views of the West Coast Mountains! This 2 bedroom 2 bath home offers an open-concept living space with windows for optimal natural light. The kitchen features two toned cabinetry, topped by natural quartz countertops, contemporary marble inspired backsplash, and designer Whirlpool stainless steel appliances. Bonus: 2 parkings + 2 lockers! Vacant and ready to move in today. (id:48205)

2 Bedroom 2 Bathroom 952
For sale
$645,000
408 14960 102A AVENUE, surrey, British Columbia

408 14960 102a Avenue

Surrey, British Columbia

Unbeatable location!! This beautiful and huge 2 bedroom & den suite is just next door to the "Guildford Mall" in North Surrey. This super big Penthouse unit has 10 feet high ceiling facing the quiet side at the back! You can enjoy the peaceful and beautiful view overlooking Mt. Baker. Super spacious floor plan with a Den that can be transformed into a home office or third bedroom. Bonus: 2 side-by-side parking & in-suite locker! This well maintained home has fresh paint all over & all brand new stainless steel kitchen appliances: new gas stove, hood range microwave , fridge & dishwasher. Great investment value for self-lived & rental. Within walking distance to Guildford Mall, public transport, highway, schools, everything you need is at your steps: Quiet and convenient: A jewel in the area. Open Sun Mar 9 2-4pm (id:48205)

2 Bedroom 2 Bathroom 967
For sale Open House
$640,000
19 14850 100 AVENUE, surrey, British Columbia

19 14850 100 Avenue

Surrey, British Columbia

Welcome to Guildford's highly desirable Highpoint Gardens. Located close to T&T market, Guildford mall and Green Timbers walking trails. You can find everything you need just a short walk away. Enjoy this spacious ground level unit with a peaceful and serene walk out covered patio. The kitchen and eating area is separate from the living room and has two spacious pantry closets to store all your small appliances and more. There are two bedrooms and two bathrooms, the primary bedroom has a walk-in closet and its own full private bathroom. Open house this Sunday April 14 from 1-3pm. (id:48205)

2 Bedroom 2 Bathroom 1288
For sale Open House
$640,000
101 15628 104 AVENUE, surrey, British Columbia

101 15628 104 Avenue

Surrey, British Columbia

In the Heart of Guildford. Ground floor, Corner unit, largest in a small boutique very well managed 29 unit complex. Owner occupied. No rental restrictions. High quality finishes from laminate floors, quartz countertops, to full sized washer, dryer, dishwasher, stove, microwave. Steps away from bus stop, Harold Bishop Elementary, fitness centre, public library, Guildford Mall and Save On Foods across the street. Photos to follow. **Open House Saturday May 4 from 2-4PM** (id:48205)

2 Bedroom 2 Bathroom 964
For sale
$639,900
1005 9147 154 STREET, surrey, British Columbia

1005 9147 154 Street

Surrey, British Columbia

Great Location. This rancher style ground-level townhouse with detached garage. Great Location on a quiet side street that is walking distance (1 block) to Medical clinic, Life labs, grocery shopping, Shoppers, restaurants & more. Your Pet DOG or CAT is Welcome. Great pro-active strata-newer decks, siding, windows, downspouts, paved roads & a good contingency fund. This is a amazing , friendly gated community. Ready to move in to this spacious, modern townhouse that has tons of storage space, and then just relax. Don't let this one get away! Come See Come Buy (id:48205)

2 Bedroom 2 Bathroom 1434
For sale Open House
$639,900
23 9991 151ST STREET, surrey, British Columbia

23 9991 151st Street

Surrey, British Columbia

Welcome to "Spencer's Gate" - a lovely adult-oriented 55+ gated complex in the heart of Guildford. Offering a meticulously cared for 2-bedroom and 2.5-bathroom townhome with 1450 square feet split between two levels. Enter through the main level that features spacious living and dining areas, a private kitchen with BRAND NEW never used stainless steel appliances, a bright eating area with plenty of windows to allow an abundance of natural light in, powder room, in-suite laundry and utilities room, single car garage, and access to a paved patio and luscious green yard. On the upper level you will find a huge primary bedroom with a private ensuite, as well as an additional bedroom and bathroom, a large family room, and a partially-covered East-facing sundeck. This wonderful community offers a clubhouse and exercise room for the residence to enjoy, and is located within walking distance to Guildford Mall, bus routes, and plenty of restaurants and shops. Open House: Saturday, May 4th from 2-4pm. (id:48205)

2 Bedroom 3 Bathroom 1450
For sale
$629,000
910 9143 154 STREET, surrey, British Columbia

910 9143 154 Street

Surrey, British Columbia

Location Location! Lexington Square a prestigious 55+ gated community in Fleetwood. This upper 1 level rancher style design is optimized for comfortable convenient living. The open concept design features spacious living room with vaulted ceilings cozy gas fireplace, private balcony looking onto peaceful water feature, large Kitchen dining area with extra pantry/storage, 2 big bedrooms with lots of closet space, 2 full bathrooms, recently updated laminate flooring and painting, full sized laundry room with plenty of storage, detached garage, lots of visitor an extra street parking, short walk to shopping, restaurants, transit and future sky train. Well run secure complex. Truly a must see. (id:48205)

2 Bedroom 2 Bathroom 1454
For sale Open House
$629,000
8 14834 100 AVENUE, surrey, British Columbia

8 14834 100 Avenue

Surrey, British Columbia

Welcome to High Point Court...a gated complex in the heart of Guildford. Location is everything with this one! This well-maintained complex is steps away from Guildford mall, dining, recreation & more! This spacious upgraded ground floor unit has huge master with walk in closet and large Ensuite. Extra windows and light in this end unit with bright kitchen that opens up to a spacious dining area & large pantry. The cozy living room features a gas fireplace with large window, and doors opening up to a private patio & spacious yard. Large formal dining area. Covered carport - located right outside your front door. Steps to public transport and minutes to all shopping. Treat to show (id:48205)

2 Bedroom 2 Bathroom 1250
For sale
$628,888
117 15380 102A AVENUE, surrey, British Columbia

117 15380 102a Avenue

Surrey, British Columbia

Welcome to Charletown Park ,2 bedroom and 2 bath ground floor with private yard .This feature an open layout living and dinning area ,Laminated flooring ,throughout ,electric fire place ,granite counter tops, stainless appliances, amenities include club house, outdoor swimming Sauna/Steam Room, Swirl pool/Hot Tub suite ,Guess suite. Close to Guildford mall, Shopping center, park ,public transportation ,recreation area. Library and easy access to hwy 1.STILL AVAILABLE (id:48205)

2 Bedroom 2 Bathroom 935
For sale Open House
$625,000
204 16137 83 AVENUE, surrey, British Columbia

204 16137 83 Avenue

Surrey, British Columbia

Spacious 2BR 2BTH Fleetwood condo. Welcoming you into this 1,149 SQFT residence is newer paint & a stylish barn door across the bright, galley-style kitchen offering a built-in pantry & stainless steel appliances. Oversized windows illuminate your open living/dining room highlighting a contemporary gas fireplace & newer laminate flooring while the private, covered, east-facing balcony is perfect for outdoor entertaining. Relax in your sprawling primary suite featuring a well-appointed bathroom, ample closet space & a quaint reading nook/office. Pet & rental-friendly Fernwood is fabulously located steps to Walnut Road Elem, Fresh St Market, Fleetwood Rec, Surrey Sport & Leisure & a future skytrain station w/ easy access to major routes. Incl. 2 parking & storage right by the elevator. (id:48205)

2 Bedroom 2 Bathroom 1149
For sale Open House
$625,000
410 10088 148 STREET, surrey, British Columbia

410 10088 148 Street

Surrey, British Columbia

Bloomsbury Court, nestled in the Guildford Park Place community with resort-style amenities. Developed by Henderson Development (Canada), Conveniently located just minutes from Guildford Mall, Landmark Theatre, restaurants, schools, and parks. This top-floor penthouse spans 974 SQ.FT and feat. 2 BDRMS, 2 BATHS, plus den for extra space or office/playroom. Upgrades incl. Newer light fixtures, laminate flooring, w/ 9-ft. ceilings, enhancing the open-concept layout. The kitchen boasts quartz countertops, updated stainless steel appliances, and a built-in microwave. The primary bedroom offers extra space for flexibility. Enjoy luxurious amenities such as a gym, tennis courts, swimming pool, on-site caretaker, sauna, and recreation room. 1 car parking included. (id:48205)

2 Bedroom 2 Bathroom 974
For sale
$625,000
309 9299 121 STREET, surrey, British Columbia

309 9299 121 Street

Surrey, British Columbia

Welcome to Huntington Gate! Top floor unit with more than 1200 sq ft of useful living space. 2 bedrooms and 2 full bathrooms (and 2 parking). Property has been meticulously cared for over the years where the property feels newly renovated. Laminate floors in main living areas with carpet in bedrooms. Stainless steel appliances in the kitchen with tiled flooring, skylight and walk-in pantry. Primary bedroom with face to face closets with oak and glass sliding doors and a beautifully updated ensuite bathroom including granite vanity and slate tiles. Also featuring a northern view w/mountains on 115 sqft balcony. Great location; with nearby groceries and shopping, and easy access to Hwy 1 via Hwy 17 and Alex Fraser Bridge, transit a block away with 5 min commute to Scott Road Stn. (id:48205)

2 Bedroom 2 Bathroom 1243
For sale
$624,000
517 10838 WHALLEY BOULEVARD, surrey, British Columbia

517 10838 Whalley Boulevard

Surrey, British Columbia

BEST IN THE BUILDING | MAVERICK. Celebrating a unique + well appointed home in the heart of Surrey's revitalizing entertainment district. Boasting an wide, bright+airy plan inc/2 spacious beds opposite of living area + 2 baths AND huge patio set over courtyard - doesn't feel crowded! This plan lives much larger than it reads! Luxury designer features top to bottom. Enjoy Chef inspired kitchen, modern contemporary finishing throughout. Most importantly - high quality 2021 build by reputable developer. Parking stall + storage locker. INCOME! Turnkey investment w/reliable tenant! BONUS huge Indoor+Outdoor Amenities Space/Gym/Yoga/Clubhouse/Billiards/Garden Plots & More! All set in a new master-planned, arts & culture-focused neighbourhood poised to redefine urban living in the area. MUST SEE! (id:48205)

2 Bedroom 2 Bathroom 829
For sale
$620,000
201 16137 83 AVENUE, surrey, British Columbia

201 16137 83 Avenue

Surrey, British Columbia

SPECTACULAR CORNER UNIT in the Fernwood. Delighted to introduce this stunning 2 bedrooms 2 bathrooms Corner unit. Recently renovated with painted throughout, new floorings and new appliances. Located in the centre of Fleetwood makes it just steps to transit, schools and shopping. Close to Walnut Road Elementary, Fleetwood Community Center, Fleetwood Park Village Surrey Sport & Leisure Complex, restaurants, Fresh Street Market. Two side by side large parking spots and storage locker. Perfect home for small family or investors looking for rental income. (id:48205)

2 Bedroom 2 Bathroom 1032
For sale Open House
$618,000
104 6420 194 STREET, surrey, British Columbia

104 6420 194 Street

Surrey, British Columbia

Luxurious living at the Waterstone! This beautifully maintained garden level 2 bedroom, 1 bathroom PLUS den is move-in ready! This open concept home has stainless steel appliances & granite counter tops. Two well appointed bedrooms on opposite sides of the living room for added privacy. Enjoy the evenings on your private patio. This home comes with 2 parking & 2 lockers. No need for a gym membership when you have 15000 square feet of amenities complete with a guest suite, indoor pool/hot tub, sauna, steam room, gym, lounge, games room, theatre room & a conference room. SHOWINGS BY APPOINTMENT ONLY. First showing Saturday May 4/24. (id:48205)

2 Bedroom 1 Bathroom 899
For sale
$615,000
412 15956 86A AVENUE, surrey, British Columbia

412 15956 86a Avenue

Surrey, British Columbia

Charming 2 bed, 2 bath condo on the top floor offers not only comfortable living but also convenience. Top floor means you'll enjoy added peace and quiet. The living area has large windows that flood the space with natural sunlight. The west facing balcony offers picturesque views of the tranquil courtyard below. It's the perfect blend of convenience, comfort, and investment potential, making it a must-see. Close proximity to shopping, restaurants, and the new Skytrain station make for easy commuting and running errands. Comes complete with 2 parking spots and storage locker. Whether you're a first-time homebuyer looking to establish your own space or an investor seeking a lucrative rental opportunity, this condo ticks all the boxes, quick possession is possible! (id:48205)

2 Bedroom 2 Bathroom 847
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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