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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
$799,000
119 15351 101 AVENUE, surrey, British Columbia

119 15351 101 Avenue

Surrey, British Columbia

This two-level city home offers the spaciousness of a house with the convenience of a lock-and-go lifestyle. The open concept floor plan and elegant kitchen make indoor entertaining a breeze, while the fully fenced patio and yard are perfect for barbecues. Upstairs, you'll find two large bedrooms, each accommodating a king-sized bed, a spa-like ensuite with a tub/shower combo and an XL vanity, and a main bathroom with a soaker tub. Additional perks include three parking stalls, five storage lockers, and in-suite storage. Located in the best spot in the building, this unit boasts no neighbors on one side, a firewall on the other, and concrete toppers between levels for ultimate quietness. Enjoy walking distance to Guildford Mall, Guildford Recreation Centre, restaurants, and other amenities (id:48205)

2 Bedroom 3 Bathroom 1204 sqft
For sale
$799,000
42 19159 WATKINS DRIVE, surrey, British Columbia

42 19159 Watkins Drive

Surrey, British Columbia

Modern & Bright 2 Bedroom, 3 Bathroom + DEN Townhome in Sought After Clayton Market Built By Mosaic Homes! Open Concept Floorplan Featuring Open Riser Staircase Which Allows For Plenty of Natural Light! Spacious Livingroom w/Sliding Doors to Sundeck for those upcoming Summer BBQs! Beautiful Kitchen with Custom Cabinetry, Eat Up Bar, Tile Backsplash & Stainless Steel Appliances! BONUS Den on Lower Level Could be Used as Workspace or a 3rd Bedroom, Excellent for Overnight Guests! Unbeatable Location Just Footsteps to Transit, Restaurants, Amenities & Much More. Come See All That This Wonderful Home Has to Offer! Open House June 8th & 9th 1-3PM. (id:48205)

2 Bedroom 3 Bathroom 1219 sqft
For sale
$799,000
402 8972 FLEETWOOD WAY, surrey, British Columbia

402 8972 Fleetwood Way

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 1135 sqft
For sale
$799,000
27 6568 193B STREET, surrey, British Columbia

27 6568 193b Street

Surrey, British Columbia

LOCATION! LOCATION! Welcome to beautiful Belmont Compound. Main floor offers laminate floors, a living room with nice electric fireplace, front porch, dining area, wrap around kitchen with white cabinets and appliances, with a nice balcony. Upstairs features 3 spacious sized bedrooms with a large ensuite master bedroom. Three (3) Parking (2 in tandem garage & addition spot in driveway). Location close to transit, shopping and schools (Katie Elementary and Clayton Heights Secondary). Convenient to show, ready to move in. Book for showing now. (id:48205)

3 Bedroom 2 Bathroom 1490 sqft
For sale
$799,000
608 13458 95 AVENUE, surrey, British Columbia

608 13458 95 Avenue

Surrey, British Columbia

LOCATION! LOCATION! LOCATION! Galileo being built by WHITETAIL HOMES is located just South of Surrey Central. Located just minutes away from the city's shopping, parks, schools, restaurants, universities and hassle-free daily commuting ahead, with King George skytrain station in close proximity. This 2BEDS/BATHS plus DEN home is designed with a functional floor-plan offering 9' ceiling heights, quartz stone countertops, S/S appliances, open concept living area, extra wide windows and upscale luxurious design details throughout. Amenities include spacious fitness centre, club house with a full kitchen, lounge, and billiards table making it the perfect space to entertain your family and friends. (id:48205)

2 Bedroom 2 Bathroom 871 sqft
For sale
$799,000
1 19433 68 AVENUE, surrey, British Columbia

1 19433 68 Avenue

Surrey, British Columbia

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

3 Bedroom 2 Bathroom 1476 sqft
For sale
$794,999
50 6956 193 STREET, surrey, British Columbia

50 6956 193 Street

Surrey, British Columbia

Welcome to this 2 bedroom 2 bathroom well kept unit in the heart of Clayton/Cloverdale, close to all shopping, transit and schools. With an amazing mount Baker view and no neighbours behind you, enjoy the serentity right from your Patio/deck! It come with granite countertops, S/S appliances, paris style blinds and a nest thermostat system.The garage is a 40 ft long, 2 car garage with an option to enjoy a rec room as you walk out to the fenced backyard. Lots of storage in the home plus closet organizers in room closets. Hot water tank replaced 2 yrs ago. It won't last long. Book your showing today! Open House Saturday April 6th, 2024, 2-4 pm. Offers on April 8th, 2024 (id:48205)

2 Bedroom 2 Bathroom 1310 sqft
For sale
$791,890
W319 10828 139A STREET, surrey, British Columbia

W319 10828 139a Street

Surrey, British Columbia

One of the LARGEST floorplans, almost 1000 sqft plus deck. Indulge in Surrey City Centre's vibrancy from your sought-after corner unit at Viktor, now sold out! Enjoy the bustling, pedestrian-friendly neighborhood, brimming with shops, parks, eateries, and the upcoming 140th St SkyTrain Station. This spacious home offers 2 beds + Den, 2 baths, 2 Parking Stalls boasting high ceilings, wide plank laminate flooring, and chic dual-tone cabinetry. Bask in natural light, accentuating the elegant quartz countertops. Luxurious spa-like bathrooms feature oversized white tiles and soaking tubs. Benefit from one parking space and a $5,000 completion credit. Perfect for families or investors. Expected completion: July/Aug 2024. (id:48205)

2 Bedroom 2 Bathroom 995
For sale Open House
$789,900
173 10077 156 STREET, surrey, British Columbia

173 10077 156 Street

Surrey, British Columbia

Welcome to this exquisite three-level townhouse, 1,646 sq ft of refined living space. This home boasts 4 bed and 2.5 bath, elegant hardwood flooring throughout, crown molding, and ROOF REDONE. Spacious room in the ground floor which includes ensuite washer/dryer and recreation rm. It's within walking distance to top-rated schools and features a bus station right in front of the complex. Commuting is effortless with easy access to Highway 1, and you're just moments away from T&T Supermarket, Guildford Mall, and a local cinema. The kitchen is equipped with premium stainless steel appliances. Perfect for everyday living and entertaining, ideal for families seeking practicality in a vibrant community. Don't miss this opportunity to make this your NEW HOME. OPEN HOUSE: June 15th & 16th 2-4PM (id:48205)

4 Bedroom 3 Bathroom 1646 sqft
For sale
$789,000
30 8737 161 STREET, surrey, British Columbia

30 8737 161 Street

Surrey, British Columbia

Welcome to Boardwalk! Located in the desirable Fleetwood neighbourhood, near a future skytrain station. This approx. 1400 Sq. ft, 2 BEDROOM & 3 BATH unit is updated with fresh new paint, lighting fictures, rough-ins for central vacuum and stainless steel appliances. It is located to all levels of Elementary and Secondary Schools including Frost Road Elementary and Fleetwood Secondary High School, Fleetwood Community Centre, Surrey Sports and Leisure Centre, transit, Surrey Public Library, Golf Courses, Fleetwood Park, restaurants, all your shopping needs, and more! Direct access to Highway 1 and Fraser Highway for your daily commute. Boardwalk includes a large clubhouse with a rec room and an indoor hockey area. This complex is pet friendly,Double car garage with visitor and street parking (id:48205)

2 Bedroom 3 Bathroom 1402
For sale
$789,000
1 16888 80 AVENUE, surrey, British Columbia

1 16888 80 Avenue

Surrey, British Columbia

Welcome to the rarely available 55+ gated community Stonecroft by Polygon! One level living in rancher duplex-style townhome with double garage. This CLEAN and BRIGHT end unit features 2 large bedrooms, 2 full baths and plenty of space - feels like a single family home! Open floorplan boasts dramatic vaulted ceilings, large living room, and bright kitchen with access to the PRIVATE backyard. Pride of ownership is evident throughout - new blinds, fresh paint and flooring in good condition makes this home move in ready. This is the perfect opportunity for someone downsizing from a single family home! Close to shopping, public transit, golf course, rec center, parks and future skytrain! Book your showing today! (id:48205)

2 Bedroom 2 Bathroom 1365
For sale
$788,800
105 9781 148A STREET, surrey, British Columbia

105 9781 148a Street

Surrey, British Columbia

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

2 Bedroom 3 Bathroom 1602 sqft
For sale
$780,000
17 8775 161 STREET, surrey, British Columbia

17 8775 161 Street

Surrey, British Columbia

This 3 bed end unit townhome is in the heart of Fleetwood. Boasting 3 bedrooms, 2 bathrooms, & a generously sized fully fenced backyard, this residence offers an ideal blend of modern living & suburban tranquility. Enhanced by natural light streaming through the many windows. The main floor features open-concept living, perfect for entertaining guests or simply enjoying quality time with loved ones. Retreat to the private upstairs quarters, which includes 3 comfortable bedrooms & 2 bathrooms. The primary bedroom offers a serene oasis, complete with spacious closet & an ensuite bathroom, providing the perfect sanctuary to unwind after a long day. One of the highlights of this townhome is the expansive fully fenced backyard, offering a rare opportunity for outdoor living in a townhome setting. Conveniently located, to a wealth of amenities, including parks, schools, shopping centers, & dining options. Commuters will appreciate the proximity to major transportation routes. Schedule your private showing! (id:48205)

3 Bedroom 2 Bathroom 1302 sqft
For sale
$779,900
26 16180 86 AVENUE, surrey, British Columbia

26 16180 86 Avenue

Surrey, British Columbia

Rarely available quiet gated 55+ townhome community, in central Fleetwood! This well maintained large 2 level home boasts laminate flooring on the main, a cozy living area with gas f/p, formal dining and powder room. Kitchen updates include warm shaker style cabinetry, tons of pantry storage, quartz countertops and whirlpool s/s appliances. Extra large primary bedroom off the main, with dual vanity and separate soaker tub and shower in the master bath. Access to the backyard from the primary bedroom and kitchen nook. Upstairs features 2 bedrooms and large bath. Double side-by-side garage. Walk to nearby cafes, restaurants and shops. Priced to sell. Call me today for a private viewing! (id:48205)

3 Bedroom 3 Bathroom 1637
For sale Open House
$779,000
56 19551 66 AVENUE, surrey, British Columbia

56 19551 66 Avenue

Surrey, British Columbia

Beautifully-maintained 3BR 2.5BTH Clayton townhome. Welcoming you into this move-in ready home is an open living area featuring laminate floors, a cozy fireplace & an inviting bay window opening to a fully fenced yard backing onto lush greenspace. Next to the handy powder room on the main is a bright & spacious kitchen offering stainless steel appliances gleaming against rich cabinets leading to a sizable SW-facing balcony - perfect for relaxing weekend brunches. Laundry is found alongside plush carpeted, sunlit bedrooms with primary bed boasting a walk-through closet & well-appointed ensuite. Pet-friendly Manhattan Skye is steps to Katzie Elem & a plethora of grocery stores, restaurants & shops around Willowbrook. Easily access major routes via 200 St & Fraser Hwy just a few blocks away. (id:48205)

3 Bedroom 3 Bathroom 1360 sqft
For sale
$779,000
21 7348 192A STREET, surrey, British Columbia

21 7348 192a Street

Surrey, British Columbia

Enjoy park-side living! Knoll, MOSAIC's boutique collection of 40 Georgian inspired townhouses nestled between farm land and Shannon Park is an absolute gem! Stroll the park-side path with your pup or enjoy a relaxing afternoon in the ample green space right outside your front door. The entry level has a 3 piece bathroom and den - perfect for a home office or play area for the kids. The open concept main floor has a large balcony, living and dining area,& south facing kitchen window with views of the park. Upstairs is two large bedrooms and a 5 piece bathroom. With a single car garage and open parking pad, there's space for 2 vehicles as well as visitor and on-street parking available. Built in 2010,this home nears to amenities like grocery stores, daycares, all levels of school & transit. (id:48205)

2 Bedroom 2 Bathroom 1220 sqft
For sale
$774,000
412 15385 101A AVENUE, surrey, British Columbia

412 15385 101a Avenue

Surrey, British Columbia

Experience ample living space in this Charlton Park penthouse! This 3 bed + den home features vaulted ceilings, mountain views, granite counters, stainless appliances, and a cozy fireplace. Utilize the abundance of space with a spacious den complemented with custom cabinetry for your home office. Enjoy a huge balcony and resort-style amenities: pool, hot tub, gym, sauna, rec room, playground, and guest suites. Steps from Guildford Town Center, schools, parks, and transit, with easy Hwy 1 access. Includes 2 parking stalls and a locker. Don't miss out! (id:48205)

3 Bedroom 2 Bathroom 1115 sqft
For sale Open House
$769,000
22 15353 100 AVENUE, surrey, British Columbia

22 15353 100 Avenue

Surrey, British Columbia

A luxurious, cozy home in the Soul of Guildford! New floors! New bathroom cabinets! This home is situated conveniently within walking distance to T&T Supermarket, Guildford Mall, schools, parks, child daycare, and many restaurants to efficiently satisfy your everyday needs! 2 side-by-side underground parking. 1 storage locker. Gated neighborhood for your family's extra security! Easy access to Highway 1. (id:48205)

3 Bedroom 2 Bathroom 1141 sqft
For sale Open House
$769,000
56 19505 68A AVENUE, surrey, British Columbia

56 19505 68a Avenue

Surrey, British Columbia

Welcome to Clayton Rise in the famous Clayton Heights neighbourhood! Whether you are a growing family or downsizing, everyone enjoys a low density peaceful and quiet community, yet the convenience of being close to everything from restaurants, shopping, banks, parks, transit, and much more, all thanks to the new community infrastructures! This charming 2 bed 2 bath cozy townhome is in excellent move-in ready condition, thanks to the meticulous care of the owner and a proactive strata. The open concept kitchen and living room offers a relaxing space. Kitchen is highly functional and contemporary. But most importantly, there is access to a myriad of amenities including outdoor pool, club house, gym, movie theatre, indoor hockey, billiard room, and party room. Open House Jun 15 16 Sat Sun 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1230 sqft
For sale
$769,000
18 14855 100 AVENUE, surrey, British Columbia

18 14855 100 Avenue

Surrey, British Columbia

Welcome to Hamstead Mews, one of the best complex in Guildford offering townhomes, low rise and high rise building. This 1527 SQ FT townhome checks all boxes. Main floor has separate living room and kitchen with a huge patio with a powder room. Above floor has two decent size bedroom and 1 full bath. Top floor has huge bedroom with full ensuite and a large balcony as well.Unit comes 1 car garage, 1 car on the driveway and storage. Complex offers lots of amenities gym, sauna, pool, party room and tennis court. Close to all amenities , schools, guilford mall, stores and Highway 1.. OPEN HOUSE April 6&7 from 2-4 pm (id:48205)

3 Bedroom 3 Bathroom 1527 sqft
For sale
$765,000
2 18983 72A AVENUE, surrey, British Columbia

2 18983 72a Avenue

Surrey, British Columbia

Welcome home to Kew by Mosaic located in the vibrant Clayton Heights area! The main floor offers an open and functional floor plan with high ceilings and looads of light. Living room with fireplace and sliding doors to the spacious deck offers a private and peaceful outlook to trees. The dining room & kichen provide plenty of space to host gatherings of family & friends. Upstairs are 2 bedrooms, 2 full bathrooms and a laundry space with full sized stacked washer and dryer. Downstairs is the foyer and tandem garage with epoxy floors, ample storage which opens to the fenced back yard. Nearby schools are Regent Road Elementary (K-7) and Ecole Salish Secondary (8-12). This home is situated right behind the new Salmonberry Park, a 5.5 acre neighbourhood park with pathways, gathering spaces, a playground with natural wood elements & open grass areas. The Kew complex is close to shopping, walkable to the Clayton Community Centre, offers a community garden, clubhouse, and play area for the kids and low strata fees. (id:48205)

2 Bedroom 2 Bathroom 1236 sqft
For sale
$764,900
50 18777 68A AVENUE, surrey, British Columbia

50 18777 68a Avenue

Surrey, British Columbia

Compass in Clayton! Gorgeous 2 bedroom/2 bathroom townhouse in great location backing onto walking path! Only steps away from all the shopping you need, transit & future Skytrain! 1,147 sqft. modern kitchen with quartz counters, S/S appliances and laminate flooring on main. Good sized patio! Double tandem garage plus visitor parking right out front. Easy HWY access and walk to transit, parks, schools, shopping and restaurants. Must see! (id:48205)

2 Bedroom 2 Bathroom 1205 sqft
For sale
$764,500
432 9456 134 STREET, surrey, British Columbia

432 9456 134 Street

Surrey, British Columbia

''Welcome to Quinn Homes by Porte! This spacious corner unit on the fourth floor offers the perfect blend of convenience and comfort. Enjoy stunning views from the wrapped-around patio, ideal for relaxing or entertaining. With 3 bedrooms and 2 baths, it's perfect for families or professionals. Located next to the upcoming UBC campus, this home is a stone's throw away from schools, Skytrain, hospitals, and malls. Plus, indulge in luxury amenities including a social lounge, games room, fitness centre, courtyard with BBQ, and fire pit. With one parking stall and bike storage locker included, convenience meets lifestyle in this vibrant community. Don't miss out on this prime opportunity!" (id:48205)

3 Bedroom 2 Bathroom 957 sqft
For sale Open House
$760,000
39 8767 162 STREET, surrey, British Columbia

39 8767 162 Street

Surrey, British Columbia

Fabulously located 3BR 1.5BTH townhome in the heart of Fleetwood. Rich, laminate floors flow throughout a bright & open main floor drawing you toward a modern kitchen featuring stainless steel appliances, quartz counters & chic, two-toned cabinets. Sunlight floods the spacious living room opening onto a sizable balcony - perfect for weekend brunches & evening bbqs. Enjoy ample closet space & stunning mountain views from the primary bedroom while private den & half bath below easily converts to a 3rd bedroom or home office. With a new H/W tank, this Taylor home built by Mosaic is steps to St. Matthew's & Frost Road Elementary schools, Surrey Christian, Holy Cross RHS, Fresh St. Market & a future skytrain station with Highway 1, Fraser Hwy & Guildford Town Centre a few minutes away. (edi (id:48205)

3 Bedroom 2 Bathroom 1166 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