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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
$595,000
209 9942 151 STREET, surrey, British Columbia

209 9942 151 Street

Surrey, British Columbia

Attention all FIRST TIME HOME BUYERS. Nestled in the heart of Guildford this Bright & spacious 2 bedrooms, 2 baths. This meticulously maintained Condo offers unparalleled urban living. Very spacious living room with fireplace. With in-suite laundry & storage, 2 underground parking spots. Kitchen updated 2020, 2 washrooms updated 2020, Flooring updated 2020, Freshly painted living room and carpet in the living room replaced 2024.Walk to Guildford shopping & recreation Centre, schools. New washer and dryer 1 year ago. Very quiet community family, friendly neighborhood. (id:48205)

2 Bedroom 2 Bathroom 955 sqft
For sale Open House
$590,000
50 10545 153 STREET, surrey, British Columbia

50 10545 153 Street

Surrey, British Columbia

Step into your dream home where affordable meets convenience in this SPACIOUS 2 storey + bsmt, 2 bed + den, 3 bath townhome. Those days of being crammed in a small apartment is OVER :). Whether you're looking to invest, upsize and start a family, give your kids more space as they grow up, or enjoy the summer patio life in your private back yard, this home could be your answer! Nestled in a family-oriented complex, this gem is merely minutes from Guildford Town Centre, offering shopping, dining, and entertainment like swimming pool, library, rec centre and even a movie theatre! Enjoy seamless connectivity with Highway 1 and the B-Line bus to Surrey Central SkyTrain. The complex also features an outdoor pool and two playgrounds, which I'm certain your family and children would love! Schedule your visit today to potentially own a 1500+ sqft 2 bed+den & 2 bath within close proximity to shopping, entertainment, highway, transit, schools, and more! (id:48205)

2 Bedroom 3 Bathroom 1509 sqft
For sale
$589,000
102 10188 155 STREET, surrey, British Columbia

102 10188 155 Street

Surrey, British Columbia

Introducing a charming ground-level condo nestled on a serene Guilford street. This spacious 2-bedroom, 2-bathroom residence boasts a timeless floor plan, with bedrooms strategically positioned on either side of the living room for ultimate privacy and a seamless flow. Situated at garden level, enjoy direct access to a generous walkout patio overlooking a vast, tranquil green space - perfect for families and seniors alike. Discover the added convenience of a beautiful playground area with swings for children. Ideally located adjacent to Guilford Heights Park, grocery stores, and restaurants, with easy access to public transportation. Within walking distance to Harold Bishop Elementary School and Johnston Heights Secondary School. Featuring brand new kitchen appliances, as well as a washer (id:48205)

2 Bedroom 2 Bathroom 876 sqft
For sale Open House
$587,999
207 12083 92A AVENUE, surrey, British Columbia

207 12083 92a Avenue

Surrey, British Columbia

Welcome to this meticulously updated south-facing condo. It has 2 large bedrooms & 2 full bathrooms the open floor plan has large windows offering lots of natural light and space! Both the bedrooms are on the opposite side to maximize privacy. In-suite laundry with lots of storage. Updates include- stainless appliances, lighting, paint, flooring, kitchen and washroom etc. The Tamaran is located in the heart of diverse neighborhood Queen Mary Surrey bringing vibrant everyday living to your door with close day-to-day amenities such as transit, grocery stores, restaurants, shopping, schools & plenty of natural parks. It offers amenities such as a guest suite, bike room, exercise room and much more. (2 parking spots close to elevator & 1 storage locker) OPEN HOUSE SAT/SUN 1-3PM (id:48205)

2 Bedroom 2 Bathroom 982 sqft
For sale
$584,999
103 12083 92A AVENUE, surrey, British Columbia

103 12083 92a Avenue

Surrey, British Columbia

Prime Location in an Exceptional Building! This ground-level 2-bedroom, 2-bathroom unit showcases a luminous and expansive maple kitchen with abundant cabinet and countertop space. Enjoy the open ambiance with 9' ceilings in the living room, complemented by a cozy gas fireplace. Step outside to a partly covered patio, along with an additional grass area, fully fenced and featuring a gate for visitors. Benefit from the convenience of 1 parking spots and dedicated storage. Centrally situated, this property is in proximity to transit, schools, and shopping centers. The maintenance fee covers gas, hot water, and gym access. Residents can take advantage of amenities such as a recreation room, guest room, alarmed storage, and underground parking. Ample visitor parking is available on both (id:48205)

2 Bedroom 2 Bathroom 820 sqft
For sale
$579,000
101 15258 105 AVENUE, surrey, British Columbia

101 15258 105 Avenue

Surrey, British Columbia

Experience the fascinating lifestyle at Georgian Gardens in Guildford Town Center. This two-level corner unit features 2bed-2bath, 2 ground-floor patios and a gorgeous hardwood flooring upgrade both on main and above floors. Bright tiled-floor kitchen is surrounded with white cupboards, drawers, counter top and newer appliances. Its cozy living and dining area warms up on cold nights with its neat eco-friendly natural-gas fireplace. Just few steps away to the mall, recreation centre, library, transit and very accessible to the stunning travel-friendly Trans-Canada Hwy. Amazing location and extremely convenient for busy people. Must see! SOLD FIRM (id:48205)

2 Bedroom 2 Bathroom 904 sqft
For sale
$579,000
107 9940 151 STREET, surrey, British Columbia

107 9940 151 Street

Surrey, British Columbia

Welcome to the "Westchester Place" in the prestigious neighborhood of Guildford. The unit is one of the quietest units in the complex, 2 bedroom and 2 bath 1000 sqft "Ground level unit". Southern back yard with a gas fireplace, large kitchen with open layout. This fully renovated unit comes with spacious living room, separate dining room, in-suite laundry, laminate flooring, newer stainless steel appliances, storage room, secured underground 2 parkings, elevator access, wheelchair access, locker and club house. Walking distance to Guildford Mall, T&T, Schools, Public library, Recreation center. Very easy access to all major routes. You have everything you could ask for in this neighborhood. Book your showing now before it's too late!! (id:48205)

2 Bedroom 2 Bathroom 1000
For sale
$578,000
117 13507 96 AVENUE, surrey, British Columbia

117 13507 96 Avenue

Surrey, British Columbia

Live in convenience at PARKWOODS - Balsam in Whalley, where you are only a few minutes' walk to the King George Skytrain Station. Shop with ease at Central City Shopping Centre with Bed Bath & Beyond, Best Buy, Winners, T&T Supermarket, and Club 16 Trevor Linden Fitness. Walk to Save-On Foods, Canadian Tire, London Drugs, and Safeway. The North Surrey Recreation Centre, the Surrey Central Transit Loop, City Hall, the RCMP, Surrey Memorial Hospital, Schools and Universities. Well maintained building with 2 bedroom condo boasting over 1,000 sf of living space. Stunning features include spacious bedrooms, plenty of closet space and storage, gas fireplace, and north facing balcony with plenty of natural light. Large living area adjacent to dining room provide perfect space for entertaining. Must See! Call today for private showing. (id:48205)

2 Bedroom 1 Bathroom 1042
For sale Open House
$575,000
111 6815 188 STREET, surrey, British Columbia

111 6815 188 Street

Surrey, British Columbia

Compass in Clayton Stunning Garden CORNER unit that feels like its own little house! 2 bdrm (on opposite sides for ultimate privacy), 2 bath home with bright 9' ceilings. Additional windows, letting in lots of natural light and open floor plan. Fireplace in this unit !! Modern kitchen with eating bar w /quartz counters and S/S appliances. Generous master suite w/walkthrough closet to ensuite. No need to enter through the main door as this unit has its private outside gate and entrance leading into a fenced green grass/yard for your potted plants and flowers, with a covered patio for year-round enjoyment! Great for pets and/or children. Pet-friendly complex and rentals allowed. Secure underground parking. Walk to schools, parks, dog parks, grocery stores, and coffee shops. (id:48205)

2 Bedroom 2 Bathroom 793 sqft
For sale
$574,800
2100 10620 150 STREET, surrey, British Columbia

2100 10620 150 Street

Surrey, British Columbia

Welcome to Lincoln's Gate - Ground level townhouse unit features 2 bedrooms & 1 bath situated on the quiet corner of the complex. Renovated in recently. Clubhouse amenities include outdoor pool, hot tub, sauna & racquetball courts! Amazing central location - walking distance to Guildford Town Centre Mall, Guildford Rec/Aquatic Centre, shopping, library, T&T, restaurants and more. Easy Hwy #1 access, Port Mann Bridge and transit right outside. Feel secured in a gated community with no public roads through. 1 parking & 1 locker right outside. An ideal starter's home for first time homebuyers families & investors! Pets & Rentals allowed (see restrictions) & low strata fees. (id:48205)

2 Bedroom 2 Bathroom 1013 sqft
For sale
$569,900
205 6438 195A STREET, surrey, British Columbia

205 6438 195a Street

Surrey, British Columbia

LOCATION!!! Walking Distance from future SkyTrain & Willow-brook Shopping Centre. Bright, Open Concept Design w/ 9ft ceilings & Modern features: Stunning Gourmet Kitchen with stone Counter-Tops, marble tile backsplash, Premium Laminate Flooring. Yale Bloc 2 amenities include a theatre, gym, guest room . Walking Distance from: Shopping Centre, Gym, Transit. Pets & Rentals Allowed. 2 side by side underground Parking, Rentals and pets allowed! Great investment or perfect for first time buyers. (id:48205)

2 Bedroom 2 Bathroom 678 sqft
For sale Open House
$569,800
307 15835 85 AVENUE, surrey, British Columbia

307 15835 85 Avenue

Surrey, British Columbia

Fleetwood Village 1 by Dawson Sawyer. North-West facing with courtyard view. Perfect for young families, first time home Buyers or Investors. Located along future Skytrain station line. 2 beds (each has window & closet) 1 bath. Total 611sq +63sqft covered patio. Designer white kitchen has soft close doors, quartz counters, stainless appliances (fridge, stove, dishwasher, microwave) plus island for extra seating. Laminate floor & carpeted bedrooms. Building amenities: gym, entertainment room and kitchen, meeting room, yoga studio + child care centre. 1 Parking+1 Storage Locker. New Home Warranty. School catchment Walnut Rd Elementary+Fleetwood Park Secondary. Just steps from shopping&transit.2 Pets Ok + Rentals Ok. All meas approx Buyer to verify. OPEN HOUSE June15@1-3PM June16@ 2-4PM (id:48205)

2 Bedroom 1 Bathroom 611 sqft
For sale Open House
$568,000
1902 10620 150 STREET, surrey, British Columbia

1902 10620 150 Street

Surrey, British Columbia

This 2-bedroom, 2-bathroom unit is situated on the upper level and occupies a prime corner position within the family-oriented Lincolns Gate complex, centrally located in Guildford Center. Boasting abundant natural light, this residence exudes a welcoming ambiance with its generous floorplan. Residents can indulge in the community's amenities, including an outdoor pool, hot tub/sauna, and indoor racketball court. Conveniently located just steps from public transit, a community center, T&T Supermarket, Walmart, the largest EV charging station, various dining options, and schools, this property also offers RV/boat parking. Adjacent to Guildford Mall, it presents promising for future development. (id:48205)

2 Bedroom 2 Bathroom 981 sqft
For sale
$565,000
1209 10620 150 STREET, surrey, British Columbia

1209 10620 150 Street

Surrey, British Columbia

Welcome to "LINCOLN'S GATE", one of the best family-oriented complex at the most convenient, fast growing & developing area. Easy HWY 1 access & quick walk to Holly Elementary school (just across from complex) & 4 blks from Guildford Park Secondary. Guildford Mall, Theatre, Walmart, Rec center, Library & bus stops are all walking distance. This ground unit is located at the quiet side of the complex, features 1000+ sqft w/ 2 bdrms & 1.5 bath; functional layout w/ NO waste of space; direct access to your own deck & back yard for your outdoor activities & enjoyment. Best option for both investors, first-time buyers & all kinds of small families. Move-in ready so don't miss this GREAT opportunity. (id:48205)

2 Bedroom 2 Bathroom 1016 sqft
For sale
$555,900
401 6420 194 STREET, surrey, British Columbia

401 6420 194 Street

Surrey, British Columbia

NEW PRICE!!! Welcome to RESORT STYLE LIVING at The WATERSTONE - Cloverdale's most prestigious condos and a stone's throw from all the amenities that Langley has to offer. This recently updated spacious 1 bed and den PENTHOUSE features an open floor plan with a bright western exposure, large balcony, and soaring 10' ceilings. With fresh paint and modern light fixtures, this home features a luxuriously appointed kitchen with granite countertops and SS appliances. Large master bedroom and bonus den/flex area/office space. Get rid of your gym membership as you enjoy the 15,000 ft resort style amenities featuring an indoor pool, hot tub, huge commercial quality gym, Theatre Room, Guest suite, games and party room, fire pit and more! OPEN HOUSE SAT JUNE 15TH NOON-2PM (id:48205)

1 Bedroom 1 Bathroom 660 sqft
For sale
$555,000
208 15140 108 AVENUE, surrey, British Columbia

208 15140 108 Avenue

Surrey, British Columbia

Welcome to this beautiful 2 bedrooms, 2 bath condo unit with a brand new appliances.The complex is featured with club house, exercise room, party room and sauna. Best location to shopping mall, bus stop, school, recreation center, and Highway 1. (id:48205)

2 Bedroom 2 Bathroom 928
For sale
$550,000
125 6758 188 STREET, surrey, British Columbia

125 6758 188 Street

Surrey, British Columbia

CALERA - This conveniently located complex is right in the HUB of ALL Clayton amenities (Rec Centre, restaurants, grocery storeS, coffee shops, doctors, transit and much more!). Beautifully kept 2 bedrooms, 2 bathrooms plus study nook features 11' ceilings!!!!! Modern open concept and a kitchen that includes stainless steel appliances, functional island and beautiful countertops. THE REAL SHOW STOPPER is the HUGEEEE fenced 27' by 18' yard/patio which faces south and looks onto a beautiful green space, PLUS separate entrance that makes this feel more like townhouse living. Comes with side by side 2 parking spots and 1 storage locker. OPEN HOUSE SUNDAY, JUNE 9 FROM 2-4PM. Private showings available upon request! (id:48205)

2 Bedroom 2 Bathroom 765 sqft
For sale
$549,999
304 19366 65 AVENUE, surrey, British Columbia

304 19366 65 Avenue

Surrey, British Columbia

Amazing Opportunity! 3rd FLOOR SOUTH WEST FACING, overlooking beautiful greenbelt and a lush green park area. LIBERTY developed by Rempel Developments. This home shows a perfect 10 - Gourmet kitchen with granite countertops, breakfast bar, lighter colour cabinetry and Frigidaire appliances. LOADS OF EXTRA WINDOWS. Bright and spacious living/dining area with lighter colour laminate flooring and cozy fireplace with mantle. dishwasher, new carpet, and new paint. This unit includes 2 parking and storage locker steps away. Amenities-clubhouse with gym, kitchen and guest suite. Centrally located, walking distance to restaurants and transit. THIS WILL NOT LAST - call today for details. (id:48205)

2 Bedroom 1 Bathroom 764 sqft
For sale
$549,900
202 15956 86A AVENUE, surrey, British Columbia

202 15956 86a Avenue

Surrey, British Columbia

Welcome to Ascend, where convenience meets comfort! Step into this impeccably maintained 1 bed, 1 bath condo, boasting 647 square feet of bright and beautiful living space. Located just steps away from the elevator, convenience is at your fingertips. This vacant and move-in-ready home features upgraded stainless steel appliances, including a sleek linear kitchen with quartz countertops. Enjoy the open concept layout, perfect for entertaining or relaxing after a long day. Within a minute walk, discover a plethora of amenities, including banks, restaurants, grocery stores, medical services, and more. Plus, with a future Skytrain station on the horizon, the property value is set to soar.Whether you're a first-time homebuyer or savvy investor, this opportunity is not to be missed. (id:48205)

1 Bedroom 1 Bathroom 647 sqft
For sale
$549,900
413 13501 96 AVENUE, surrey, British Columbia

413 13501 96 Avenue

Surrey, British Columbia

This charming unit boasts a prime location, mere steps from King George skytrain, Surrey Memorial Hospital, SFU & Surrey Central Mall, yet still offers the serene sounds of birds chirping & the occasional squirrel sighting by the dining room window. Positioned on the TOP CORNER with a southeast facing orientation, this 2-bdrm unit enjoys a delightful cross breeze. The customized kitchen features a skylight, flooding the space with natural daylight, along with quartz countertops & a reverse osmosis water system. Cozy up beside the heavy-duty fireplace for added warmth & ambiance. The well-maintained building is surrounded by mature trees & greenery, ensuring a tranquil atmosphere. With low deductibles on insurance & a healthy contingency reserve fund. (id:48205)

2 Bedroom 1 Bathroom 1000 sqft
For sale
$549,900
410 13458 95TH AVENUE, surrey, British Columbia

410 13458 95th Avenue

Surrey, British Columbia

Attention first time home buyers! Located south of Surrey Central, this location offers convenient access to the city's amenities, such as shopping, entertainment, universities, and parks. Galilea offers residents a tranquil residential environment, blending urban convenience with suburban peace. The unit features meticulously designed kitchens with refined quartz stone countertops, stylish backsplashes, polished chrome fixtures, and stainless steel appliances, ensuring a perfect balance of aesthetics and practicality. With its high ceilings, extra-wide windows, and contemporary textured laminate flooring, Galilea provides a modern living experience. Additionally, its proximity to the SkyTrain facilitates easy commuting and exploration of nearby areas. Not enough down payment? No problem, you may still own this. Call now. (id:48205)

1 Bedroom 1 Bathroom 549
For sale
$548,888
503 15858 FRASER HIGHWAY, surrey, British Columbia

503 15858 Fraser Highway

Surrey, British Columbia

Welcome to Fleetwood Village by Dawson+Sawyer! Why wait for a presale when this high floor, 1 year - young home is ready NOW. Features a thoughtfully designed 2 bedrooms floorplan, spacious living and dining areas, complete with high-end stainless steel appliances, in-suite washer/dryer, and a covered balcony with mountain view. Positioned along the upcoming Fraser Highway/Langley skytrain line, this home ensures convenience with proximity to transit options, shops, restaurants, and schools. As Bonus parks, Residents can enjoy exclusive access to over 36,000 sq. ft. of indoor/outdoor amenities, including a gym, yoga room, and party room. Home comes with 1 parking & 1 locker. (id:48205)

2 Bedroom 1 Bathroom 606 sqft
For sale
$548,888
522 9456 134 STREET, surrey, British Columbia

522 9456 134 Street

Surrey, British Columbia

Life at Quinn is fast or slow, quiet or vibrant. In this residential pocket close to Surrey's City Centre. This one bedroom + den condos by Porte Homes keep life open to possibilities. Full size stainless steel appliance (Samsung). 8'10' ceiling height with large oversized windows. Center location in the heart of Surrey Centre with walkable distance to transit, Surrey Memorial Hospital, Parks, Shopping district and many restaurant. A perfect investment or home for new home buyers! (id:48205)

1 Bedroom 1 Bathroom 684
For sale Open House
$545,000
1105 10082 148 STREET, surrey, British Columbia

1105 10082 148 Street

Surrey, British Columbia

Welcome to Guildford Park Place! FIRST HOME, DOWNSIZE or INVEST! STUNNING 2 BED, 2 BATH home offers 892 sq ft of modern living! UPDATED with SPARKLING WHITE KITCHEN, SS APPLIANCES, QUARTZ COUNTERTOPS & STYLISH TILE BACKSPLASH, ELEGANT FIXTURES, QUALITY LAMINATE FLOORING THROUGHOUT, COZY GAS FIREPLACE & more! INCREDIBLY BRIGHT & OPEN w/ LARGE PATIO to enjoy the PANORAMIC VIEW of MOUNTAINS and City! Well loved home, PET FRIENDLY with UNDERGROUND PARKING & LOCKER as well as AMAZING AMENITIES with 2 POOLS, HOT TUB, TENNIS COURTS, GYM & REC CENTRE!! GREAT LOCATION close to everything - shopping, schools, parks, transit & recreation! Nothing to do here but move in & enjoy all this home has to offer! Open House Sat June 15 @ 11am-1pm, Sun Jun 16 @ 11:00 am-12:30 p Book your showing now! (id:48205)

2 Bedroom 2 Bathroom 892 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