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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
$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
$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
103 14885 105 AVENUE, surrey, British Columbia

103 14885 105 Avenue

Surrey, British Columbia

Experience the Reviva! This inviting residence offers a spacious open layout with 2 bed and 2 full bath strategically separated by the living room for enhanced privacy. Enjoy the convenience of an open floor plan complemented by a practical built-in computer desk area, sleek stainless steel appliances, an electric fireplace, and a breakfast bar. Bask in sunny mornings on your serene north-facing patio surrounded by mature landscaping. Additional amenities include in-suite laundry, a security door lock and alarm system, and a storage locker. Conveniently located near Guildford Mall, a recreational center, library, transit options, New paint in 2023, All New lights 2023. 3 year old roof. Stacker Washer & dryer, Fridge Stove were replaced in 2023. *OPEN HOUSE: Sat & Sun, June 29-30, 2-4 PM* (id:48205)

2 Bedroom 2 Bathroom 934 sqft
For sale Open House
$575,000
107 15110 108 AVENUE, surrey, British Columbia

107 15110 108 Avenue

Surrey, British Columbia

Welcome to this beautifully maintained 1st-floor condo, offer'g a lovely patio fac'g lush greenery, perfect for BBQs & a grt space for your dog to enjoy. Freshly painted w/ newer appliances, this 2beds, 2baths unit is clean & invit'g. The open flr plan & continuous laminate floor'g create a bright & spacious liv'g area. Access your patio through the open liv'g rm, provid'g ample outdoor space to relax & entertain. Conveniently located minutes frm Hwy 1, w/ transit at your doorstep & Guildford Town Centre within walk'g dist. Enjoy amenities includ'g gym, hot tub, & sauna. Rental-friendly & exceptionally pet-friendly. Riverpointe offers comfort, convenience & investment potential, mak'g it an ideal choice for comfortable liv'g with enhanced outdoor enjoyment. OH Sat & Sun, Jun 29 & 30, 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1022 sqft
For sale
$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. Open House 22nd (Saturday) 11-1pm 23rd (Sunday) 2-4pm (id:48205)

2 Bedroom 2 Bathroom 1013 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. 2 bedroom (each has window & closet) 1 bath. Total 611sq +63sqft covered patio. Perfect for young families, first time home Buyers or Investors. Located along future Skytrain station line. 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,meeting room,entertainment room and kitchen, 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 Sat June 29@1-3PM (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 Open House
$568,000
1608 10082 148 STREET, surrey, British Columbia

1608 10082 148 Street

Surrey, British Columbia

Experience luxury living in this beautifully renovated corner unit, offering breathtaking views of the city and Mt. Baker. This 2-bedroom, 2-bathroom home boasts premium upgrades throughout, including flooring, a fully upgraded kitchen with an island, granite countertops, double oven, and high-end appliances. The master bedroom and living area both open onto a spacious deck, perfect for enjoying the stunning scenery. The flex space has been enclosed to serve as a cozy bedroom or den. Residents will enjoy resort-like amenities, including spa facilities, exercise rooms, pools, a hot tub, and tennis courts. The unit comes with two parking spots. Don't miss out on this incredible opportunity-schedule your special viewing appointment! (id:48205)

2 Bedroom 2 Bathroom 900 sqft
For sale
$565,000
310 10092 148 STREET, surrey, British Columbia

310 10092 148 Street

Surrey, British Columbia

CORNER UNIT | 2 BED + DEN / 2 BATH | CENTRAL LOCATION | Welcome to the Bloomsbury Court... this charming 2 bedroom/2 bathroom plus den apartment has an array of features making it an ideal choice for both first-time homebuyers or savvy investors looking to add to their portfolio. From the moment you step inside, you'll be greeted by a flood of natural light streaming through the large windows, creating a warm & inviting atmosphere. The open layout offers ample space for each individual. Amenities are endless here from the tennis courts to swimming pool, to the exercise center to sauna. Location is everything with this one! This well-maintained complex is steps away from Green Timbers Nature Reserve, Guildford mall, dining, schools, parks, transit and more. Call today.. this one won't last! (id:48205)

2 Bedroom 2 Bathroom 945 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
$558,000
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
$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 22ND 2-4PM (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
$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
$548,000
202 13525 96 AVENUE, surrey, British Columbia

202 13525 96 Avenue

Surrey, British Columbia

Welcome to Parkwoods! Spacious 2 bedroom unit facing west situated in the Central area of Whalley. This unit has many unique features such as open concept living and dining area, new laminate flooring, huge balcony for family fun, underground parking, visitors parking and much more. Low maintenance fees include hot water and maintenance. Few minutes walk to schools, parks, church and transit. Excellent location being close to the King George Sky Train and only minutes to several large parks, the Surrey Recreational Centre, the public library, Surrey Place Mall, SFU campus, Queen Elizabeth Secondary School and Surrey Memeorial Hospital. Very easy access to all major routes. Call for showing! (id:48205)

2 Bedroom 1 Bathroom 1017 sqft
For sale
$545,000
609 13458 95 AVENUE, surrey, British Columbia

609 13458 95 Avenue

Surrey, British Columbia

RARELY AVAILABLE TOP FLOOR UNIT. Perfect unit for first time homebuyers or investors in the rapidly developing Surrey. Close to Skytrain station and minutes away from schools, shopping, entertainment, universities, hospital, and parks. A quiet residential neighborhood with central city vibes is right outside your door at Galilea, giving you the best of both worlds in this dynamic community. This Top Floor unit comes with 1 parking (rough-in for installation of EV charging station), 1 storage locker, stainless steel appliances, quartz countertops, exhaust vent for A/C, and laminate flooring throughout. And Extra high ceiling only for top floor units. Amenities include a gym, yoga studio, meeting room, courtyard, BBQ area, garden & playground. Est. Completion Jan-Apr 2025. (id:48205)

1 Bedroom 1 Bathroom 549 sqft
For sale
$544,999
109 15848 FRASER HIGHWAY, surrey, British Columbia

109 15848 Fraser Highway

Surrey, British Columbia

Fleetwood Village by Dawson Sawyer presents a unique opportunity with a newly constructed 2 Bed + 1 bath unit on the ground floor, showcasing the sought-after floor plan. Designed for investor, it features a spacious living area, stainless-steel appliances, in-suite washer/dryer, and private front yard. Positioned along the upcoming Fraser Highway/Langley skytrain line, residents enjoy easy access to transit, schools, shops, and dining. Exclusive access to 36,000 sq. fit. amenities includes a gym, yoga room, and party room. This unit on the ground floor with easy access to the main entrance as well as 85 Ave. The unit comes with 1 covered parking and a storage. Welcome home to a modern and strategically located lifestyle at Fleetwood Village. GST Included, 2-5-10 warranty available (id:48205)

2 Bedroom 1 Bathroom 664 sqft
For sale
$539,900
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
$538,000
506 15858 FRASER HIGHWAY, surrey, British Columbia

506 15858 Fraser Highway

Surrey, British Columbia

Great buy for investors to end users, this one bed, one den and one bath, higher floor with mountain view condo unit at Fleetwood Village Condo by Dawson Sawyer is a steal. This home has fantastic layout, no space is wasted. Featuring beautiful living room, dining area, stainless steel appliances, in-suite laundry and a larger covered balcony for your enjoyment. Site influences include bike room, daycare, gym, playground and party/meeting room. Bus in front to Langley City, to Surrey Central. Future Skytrain is positioned along Fraser Hwy will conveniently help getting around via public transportation in no time. OP Cancelled Sorry. Private showings only. (id:48205)

1 Bedroom 1 Bathroom 607 sqft
For sale Open House
$535,000
309 10680 151A STREET, surrey, British Columbia

309 10680 151a Street

Surrey, British Columbia

Come and see this amazing 2 bedroom, 1,065 sq ft corner upper unit located in Lincoln's Hill, in the centre of Guildford in Surrey. This unit features a spacious, private balcony overlooking the central courtyard and green space, perfect for BBQs, a large living/dining room with laminate flooring and crown moldings, a galley-style kitchen with updated appliances and quartz countertops, updated bathroom, updated electric outlets, LED lights, dimmers, and pot lights. The primary bedroom features a generous walk-in closet, which does double duty as a home office. This private corner unit is one of the largest units in the entire 5 building complex, is just 2 blocks from Guildford Rec Centre and Guildford Town Centre. Heat and hot water are included in the strata fees. Don't miss! OPEN HOUSE SAT 1-3 PM. (id:48205)

2 Bedroom 1 Bathroom 1065 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