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
$2,680,000
13493 95 AVENUE, surrey, British Columbia

13493 95 Avenue

Surrey, British Columbia

Attention Developers and investors! Multiple family of the land use by OCP. The backyard creek will be removed by next-door developer who is rezoning (Project number is 20-0244) to built three high rise. This 5 bedroom and 2 bath room house is completely live-able. close to SFU, UBC, Sky Train, shopping etc. Check with the City Hall for the development plan. Don't miss this great investment opportunity. (id:48205)

5 Bedroom 2 Bathroom 2016 sqft
For sale Open House
$2,650,000
11338 WALLACE DRIVE, surrey, British Columbia

11338 Wallace Drive

Surrey, British Columbia

Watch the VIDEO first to see the WATER VIEWS FROM ALL FLOORS!! Each & every floor offers AMAZING VIEWS of the WATER, MOUNTAINS & CITY LIGHTS! This spectacular 4800+ sqft North Surrey home sits on a QUIET STREET ACROSS FROM A PARK & offers 2+1 WALKOUT BSMT SUITES. Notable features include Master Bedroom on Main Floor (perfect for elderly parents), RADIANT IN-FLOOR HEATING on all floors (even the basement!), Private Ensuites for all Top Floor Bedrooms, Jenn-Air Appliances, large Media Room with elegant wet bar, fenced backyard & much more! Super bright Walkout Basement contains legal 2-bedroom suite, additional 1-bedroom suite, plus Media Room + Wet Bar + Powder Room for upstairs use! (id:48205)

8 Bedroom 9 Bathroom 4840 sqft
For sale Open House
$2,629,000
16009 80A AVENUE, surrey, British Columbia

16009 80a Avenue

Surrey, British Columbia

Elegance in Fleetwood! Custom built home surrounded by beautifully landscaped gardens situated on 7100 sq ft corner lot. Quality workmanship throughout, Entering into an open grand foyer, fully open living & informal dining room concept. Walking into an entertainers gourmet kitchen with its own chief kitchen plus wok kitchen with stainless steel appliance throughout and granite counter-tops. Entertain your guest in your large covered deck . This 8 bed/8bath smart home has a large 2-car garage, giving you 5000 sq ft of spacious elegance. Engineered hard wood flooring/tiles throughout the main A/C with heat pump, Security cameras,220 rough in outlet for Electric car, Main floor with 10' ceiling, top and basement with 9' ceiling (id:48205)

8 Bedroom 8 Bathroom 5000 sqft
For sale
$2,600,000
9326 152 STREET, surrey, British Columbia

9326 152 Street

Surrey, British Columbia

This development site is the first of its kind along the arterial 152nd street corridor between two main booming town centers in Surrey: Guildford and Fleetwood town centers. This site has a 34,833 SQFT gross area, designated for development of low-rise & townhouse within the Fleetwood NCP (stage 1) , about 550 meters away from the proposed Skytrain station and about 1400 meters from Guildford Town Center Mall. A landmark project is expected on this prime location on 152nd street. (id:48205)

6 Bedroom 3 Bathroom 2385 sqft
For sale
$2,600,000
9314 152 STREET, surrey, British Columbia

9314 152 Street

Surrey, British Columbia

This development site is the first of its kind along the arterial 152nd street corridor between two main booming town centers in Surrey: Guildford and Fleetwood town centers. This site has a 34,833 SQFT gross area, designated for development of low-rise & townhouse within the Fleetwood NCP (stage 1) , about 550 meters away from the proposed Skytrain station and about 1400 meters from Guildford Town Center Mall. A landmark project is expected on this prime location on 152nd street. (id:48205)

4 Bedroom 3 Bathroom 2320 sqft
For sale
$2,600,000
9342 152 STREET, surrey, British Columbia

9342 152 Street

Surrey, British Columbia

This development site is the first of its kind along the arterial 152nd street corridor between two main booming town centers in Surrey: Guildford and Fleetwood town centers. This site has a 34,833 SQFT gross area, designated for development of low-rise & townhouse within the Fleetwood NCP (stage 1) , about 550 meters away from the proposed Skytrain station and about 1400 meters from Guildford Town Center Mall. A landmark project is expected on this prime location on 152nd street. (id:48205)

6 Bedroom 3 Bathroom 3180 sqft
For sale
$2,600,000
9350 152 STREET, surrey, British Columbia

9350 152 Street

Surrey, British Columbia

This development site is the first of its kind along the arterial 152nd street corridor between two main booming town centers in Surrey: Guildford and Fleetwood town centers. This site has a 34,833 SQFT gross area, designated for development of low-rise & townhouse within the Fleetwood NCP (stage 1) , about 550 meters away from the proposed Skytrain station and about 1400 meters from Guildford Town Center Mall. A landmark project is expected on this prime location on 152nd street. (id:48205)

5 Bedroom 4 Bathroom 2214 sqft
For sale
$2,600,000
9334 152 STREET, surrey, British Columbia

9334 152 Street

Surrey, British Columbia

This development site is the first of its kind along the arterial 152nd street corridor between two main booming town centers in Surrey: Guildford and Fleetwood town centers. This site has a 34,833 SQFT gross area, designated for development of low-rise & townhouse within the Fleetwood NCP (stage 1) , about 500 meters away from the proposed Skytrain station and about 1400 meters from Guildford Town Center Mall. A landmark project is expected on this prime location on 152nd street. (id:48205)

6 Bedroom 3 Bathroom 2300 sqft
For sale
$2,599,999
15185 92 AVENUE, surrey, British Columbia

15185 92 Avenue

Surrey, British Columbia

LOCATION!LOCATION!LOCATION! Basement Entry Home sitting on almost 9000 sq.ft lot in desirable FLEETWOOD- FUTURE DEVELOPMENT SITE. Great Holding rental Property, while you wait for FUTURE DEVELOPMENT. Close to FUTURE SKYTRAIN, minutes to Fleetwood Village shopping centre, Guildford Mall, restaurants, transit and Easy access to MAJOR ROUTES. Perfect opportunity for DEVELOPERS & INVESTORS!!! (id:48205)

5 Bedroom 3 Bathroom 2384 sqft
For sale
$2,599,606
15401 111A AVENUE, surrey, British Columbia

15401 111a Avenue

Surrey, British Columbia

Your dream home Search stops here! In the highly sought area of Fraser Heights, this 2005 custom built 3 level masterpiece sits on a 6000 sqft lot with over 4100 sqft finished area. Main floor consists of recessed 12ft ceiling in living & dining room. Beautiful kitchen with granite countertops overlooking open family room for all your family gatherings. Main floor features lots of moulding work with wood floors with den, laundry and 2pc bath. Upper level boasts 2 masters bedrooms walk in closets, 2 full ensuits with 2 more bedrooms with 2 full baths. Basement features 2 bedroom legal suite and 1 bedroom unauthorize suite with good tenants. Walking distance to schools, transit, and shopping. Close to all major routes and in a great neighborhood! All measurements are approximate. (id:48205)

7 Bedroom 6 Bathroom 4144 sqft
For sale
$2,599,000
13316 89A AVENUE, surrey, British Columbia

13316 89a Avenue

Surrey, British Columbia

Luxurious 2 Level spacious & bright home completed with only the very best furnishing & materials. Siting on Large almost 8000 sq Lot size, The combination of architecture, design and craftsmanship foster a level of quality & luxury seldom found in our market. Main floor features elegant kitchen and spice kitchen with Quartz counters & contemporary light fixtures throughout, professional grade appliances and 4 large bedrooms and Covered Sundeck for BBQ. Basement has media room & bar, two bedroom legal suite and additional one bedroom suite. Walking distance to schools, shopping, parks, rec. centre, restaurants & more. Equipped with Central A/C, Gorgeous Custom built home (id:48205)

7 Bedroom 7 Bathroom 4410 sqft
For sale Open House
$2,549,999
8961 135A STREET, surrey, British Columbia

8961 135a Street

Surrey, British Columbia

This beautiful 5000 sqft home situated on a 7660 sqft lot has it all. The interior features high end crown moulding and superior woodworking craftsmanship. Large rooms, huge kitchen with granite countertops and a wok kitchen & lots of storage. The lower level features a game room and family room with full bath for upstairs use. 2+2 mortgage helpers in the basement with covered and separate entry for both. Fenced yard with ample space. close to both levels of schools, parks, Sky Train and all other amenities. (id:48205)

8 Bedroom 6 Bathroom 5000 sqft
For sale Open House
$2,549,000
17965 98 AVENUE, surrey, British Columbia

17965 98 Avenue

Surrey, British Columbia

Stunning Beautiful custom-built home with a modern interior. This home features 8 bedrooms & 8 bathrooms in whole house ! Upstairs features 4 bedrooms with own private washrooms with stunning layout and one office room to work from home. This beautiful house has many features such as radiant flooring, quartz counter tops, high-end faucets, stainless steel appliances, large spice kitchen, air conditioning, security system with built in speakers in family room, hand-picked different tiles for every washroom, beautiful light fixtures, 1 bedroom with full washroom on the main floor ,And best of all a 2 + 1 bedroom suite for rental income ! Plus huge Rec room for Entertainment . Conveniently located in Fraser heights *** OPEN HOUSE APRIL 30th 3:00PM TO 5:00PM (id:48205)

8 Bedroom 8 Bathroom 5263 sqft
For sale
$2,539,000
10919 139A STREET, surrey, British Columbia

10919 139a Street

Surrey, British Columbia

New 2017 Built Home in Bolivar Heights ready to move in! This beautiful home is complete with high end finishing and modern features giving it an alluring look. This home comes with 4 large scale bedrooms each with walk in closets! This home features an open concept kitchen with all top of the line appliances plus built in wine cooler The Spacious living room and family room are bright with large windows and provide extra space for entertaining and gathering with family. Fenced yard with roughed in fire pit, roughed in outdoor kitchen, access for hot tub on upper deck and private deck add outdoor space for extra enjoyment. (id:48205)

4 Bedroom 6 Bathroom 3755 sqft
For sale
$2,500,000
14523 104A AVENUE, surrey, British Columbia

14523 104a Avenue

Surrey, British Columbia

This property is in the Guildford + 104 Ave NCP designated as school. A flat parcel, all usable, and all services at lot line. There are currently 7 development applications on this street alone. Current rental income is $2,000. The School District will pay market value for this property derived from the underlying land use, which would be 2.5 FAR. (id:48205)

3 Bedroom 1 Bathroom 1100 m2
For sale
$2,500,000
14424 104A AVENUE, surrey, British Columbia

14424 104a Avenue

Surrey, British Columbia

** DEVELOPMENT PROPERTY ** Development parcel great for investors and developers. Part of Guildford Town Centre - 104 Avenue Plan, zoned for mid to high rise mixed use (30 Storey building) 3.5 FAR. Neighbouring properties are also available. The lot allotment for the 1/2 duplex is 1/2 of 13,875. (id:48205)

4 Bedroom 2 Bathroom 1680 sqft
For sale
$2,499,900
14537 104A AVENUE, surrey, British Columbia

14537 104a Avenue

Surrey, British Columbia

ATTENTION INVESTORS, DEVELOPERS & BUILDERS!!! 1/4 ACRE LOT IN GUILDFORD AREA. Rancher with 3 bedroom and one bathroom, living room, family room. Clear land, No easement, No right of way on this property. Designated Multiple Residential in the OCP for this block. Close to Guildford Mall, park, recreation centre, Sold WHERE IS, AS IS (id:48205)

3 Bedroom 1 Bathroom 850 sqft
For sale Open House
$2,499,000
14076 ANTRIM ROAD, surrey, British Columbia

14076 Antrim Road

Surrey, British Columbia

IMMACULATE NEW HOME! 9 BEDROOMS 7 WASHROOMS WITH ONE BEDROOM LEGAL SUITE AND POSSIBILITY OF 2 BASEMENT SUITES OF 2 BEDROOMS EACH, Approx. $4500 Rental Income, SPICE KITCHEN, HUGE DECK with a mountain view - perfect for WINTERS with WARM COFFEE and BREAKFAST! Stainless Steel Appliances throughout! EVEN in LEGAL SUITE! Every Bedroom has walk-in closet! CENTRAL AC and RADIANT HEAT on ALL FLOORS! Even Suite! HUGE BACKYARD - whether you are a party person or want to custom build a basketball court for yourself and kids! THIS HOME HAS IT ALL! IT WON'T LAST LONG! Secure your viewing today by having your agent set up a showing! OPEN HOUSE May 14/15 SAT/SUN 2PM - 4PM (id:48205)

9 Bedroom 7 Bathroom 4998 sqft
For sale Open House
$2,499,000
16336 78 AVENUE, surrey, British Columbia

16336 78 Avenue

Surrey, British Columbia

Stunning home with a View! Custom built 2 Storey + walk out basement home boasts nearly 4500 Sq.Ft of Luxury living situated on a prime 13,982 Sq.Ft VIEW lot on the nicest street in Fleetwood. Completely renovated no expenses spared. The main level has it all, formal living/dining room, office, family room, spectacular eating area, amazing chefs kitchen with high end appliances. 3 bedrooms up featuring an amazing master + 5 piece ensuite, sitting area & a patio! The fully finished walk out basement has a media room, large rec room, 1 bed, 1 bath & lots of storage (could easily be suited). Stunning south facing private & manicured backyard with a covered patio, pond & fire pit. Large driveway + oversized garage. Views from almost every room in the house! Must be seen to be appreciated! (id:48205)

4 Bedroom 4 Bathroom 4490 sqft
For sale
$2,399,999
15833 108 AVENUE, surrey, British Columbia

15833 108 Avenue

Surrey, British Columbia

Welcome to this gorgeous house sitting in the heart of Fraser Heights! Steps to Erma Stephenson Elementary & Fraser Heights Secondary School, community centre, public transportation, shopping , restaurants etc. This 7 bed + 6 bath property contains everything your need! Spacious layout provides you luxurious living room and dining room, chef kitchen and wok kitchen, plus a den on the main floor. Above the master bd with 5 pieces bath + dressing table, on bd ensuite and two good sized bds share on bath. Heat pump with air conditioning, newer hot water tank, marble countertops, Crystal chandeliers, Move in , enjoy the blossom garden and fruits of pear/fig/plum! 3 bedrooms suite in the basement for a mortgage helper with separate entrance. (id:48205)

7 Bedroom 6 Bathroom 4547 sqft
For sale
$2,399,900
16986 105A AVENUE, surrey, British Columbia

16986 105a Avenue

Surrey, British Columbia

SHOW HOME CONDITION - Gorgeous home in a great location. This stunning one owner home is bright and airy with high ceilings. Upper floor features 4 bedrooms with 3 full bathrooms. Main floor gives you the option to relax in the living room, family room, games room or a den. The gourmet kitchen (complete with wok kitchen & a pantry) exits to a large covered deck prefect for entertaining or enjoying a sunny south facing backyard. Lower level has another one bedroom living area but can be reconfigured up to 3 bedrooms. This home must be seen to be appreciated. (id:48205)

5 Bedroom 5 Bathroom 4712 sqft
For sale Open House
$2,399,000
8615 192 STREET, surrey, British Columbia

8615 192 Street

Surrey, British Columbia

Rarely available acreage property in the Port Kells Neighborhood with future development potential, as part of the South Port Kells Plan Area in Surrey. The corner lot facing both 86ave & 192St, offers prime location for any future planning. A well-maintained spacious rancher accompanied with a detached suite , providing the new owner a variety of options: moving in to enjoy the quiet country lifestyle with mortgage helper, holding with cashflow for future development or building a dream house in this peacefully beautiful community. The covered deck equipped with tropical bars offers tons of fun and joy to your life with family and friends. A workshop with heating collects all your hobbies. This property is just a few minutes driving from Hwy #1, #17 & Fraser Hwy. Buy it today for tomorrow (id:48205)

4 Bedroom 4 Bathroom 2588 sqft
For sale
$2,399,000
9420 151 STREET, surrey, British Columbia

9420 151 Street

Surrey, British Columbia

Absolutely Stunning Custom Built Home on quiet street in desirable Fleetwood / Guildford area. Over 3,450 sq ft of living space sprawled over 2 floors including a side inlaw suite with separate laundry, 2 bedrooms with en-suites on main, limestone sidings and engineered hardwood flooring on main, and for those hot summer days Centralized A/C. Living room features high ceiling, spectacular gas f/p, covered patio with gas bbq hook up and fully fenced back yard. Gourmet kitchen with high end S/S Thermador appliances, quartz countertops and a massive island! Upstairs includes an open area perfect as a games room, 4 lrg bdrms incld. the main Primary bdrm with walk in closet, large en-suite with his and hers sinks and private water closet. Extra long driveway + Corner Lot and Central Location! (id:48205)

6 Bedroom 6 Bathroom 3466 sqft
For sale Open House
$2,389,000
9021 SNOWDON PLACE, surrey, British Columbia

9021 Snowdon Place

Surrey, British Columbia

Custom built 8 bedroom, 6 full bathroom home flooded with natural light from the skylights! Bright and open floor plan with a Grand staircase entrance, formal dining, large family room, gourmet kitchen & spice kitchen, 4 bedrooms including 2 masters. Downstairs includes a private rec room with full ensuite for upstairs use plus 2 + 2 bedroom suites, Great Mortgage helpers! Features include built in security system w/ cameras, A/C, radiant heating, gorgeous crown molding and quality craftsmanship throughout the home. Private setting, LUC lot with an open driveway, ample parking and a fully fenced backyard. Highly desirable location in a well established family friendly neighbourhood, walking distance to many schools, parks, trails, transit and more! Call to book your private showing today! (id:48205)

8 Bedroom 6 Bathroom 5070 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