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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
$749,000
2507 13359 OLD YALE ROAD, surrey, British Columbia

2507 13359 Old Yale Road

Surrey, British Columbia

Welcome to this luxury PENTHOUSE CORNER UNIT in the desirable "Holland" building boasting nearly 780 square feet and has panoramic views of the city, mountains and ocean. This home is complete with top end luxuries including Air Conditioning, high end stainless steel appliances (natural gas range), tile backsplash, designer flooring, custom modern cabinetry, over height windows and in suite laundry. 2 large bedrooms and 2 spa like bathrooms. Large covered deck with million dollar views! Fantastic location close to transit, shopping, SFU and great restaurants. Amazing amenities in building include state of the art gym, rec room, pool table and extra kitchen/meeting room. Please see full pictures and virtual tours to truly appreciate this great home! EASY TO SHOW! (id:48205)

2 Bedroom 2 Bathroom 737 sqft
For sale
$749,000
301 13858 103 AVENUE, surrey, British Columbia

301 13858 103 Avenue

Surrey, British Columbia

ASSIGNMENT OF CONTRACT Introducing Radley: A contemporary condominium development by West Fraser Developments in Surrey's Gateway district. Located at 108 Avenue & 138 Street. Embrace a lifestyle of convenience with a short walk to Forsyth Road Elementary School, Whalley Athletic Field, and Chuck Bailey Recreation Centre. Proximity to Kwantlen Polytechnic, SFU, and Gateway Station ensures excellent connectivity. Radley boasts thoughtfully designed indoor and outdoor amenities, including fitness and recreation rooms, a communal kitchen, and a courtyard. Enjoy the car-free advantage with an 8-minute walk to Gateway Station and a 5-minute drive to Guildford Town Centre shopping. The development showcases a greenway between buildings with landscaped patios, offering a serene escape. With Radley, stay ahead of the curve in a modern living space that combines accessibility, recreation, and the vibrant Surrey lifestyle. (id:48205)

2 Bedroom 2 Bathroom 842 sqft
For sale
$747,890
W318 10828 139A STREET, surrey, British Columbia

W318 10828 139a Street

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 925
For sale
$745,000
419 13458 95TH AVENUE, surrey, British Columbia

419 13458 95th Avenue

Surrey, British Columbia

Your search for Home Ends with this Spacious, 2 Bed/2 Bath Located just South of Surrey Central, Galilea is minutes away from the city's shopping, entertainment, universities, 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. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. This home is located in park heaven, with 4 parks and a long list of recreation facilities within a 20 minute walk from this address. (id:48205)

2 Bedroom 2 Bathroom 784 sqft
For sale
$740,000
2109 10333 133RD STREET STREET, surrey, British Columbia

2109 10333 133rd Street Street

Surrey, British Columbia

Seize the opportunity to reside in the luxurious tower within the SOLD OUT Melrose Presale, scheduled for completion in summer 2024. This sought-after 2-bedroom, 2-bathroom unit includes 1 parking space. The layout features a spacious and practical design, highlighted by lofty 9-foot ceilings, chic two-toned cabinetry, premium Italian S/S appliances including a gas cooktop, and lavish spa-like bathrooms. Conveniently situated within walking distance of the City Centre, you'll also have easy access to dining, shopping, parks, pools, and the Surrey Central SkyTrain Station. The Presale boasts a landscaped courtyard for serene relaxation, while the fitness center offers yoga and tai chi classes for a tranquil space to connect with oneself. Additionally, enjoy a $5,000 decoration allowance. (id:48205)

2 Bedroom 2 Bathroom 737 sqft
For sale
$739,900
507 13458 95 AVENUE, surrey, British Columbia

507 13458 95 Avenue

Surrey, British Columbia

Your search for Home Ends with this Spacious, Corner 2 Bed/2 Bath located just South of Surrey Central, Galilea is minutes away from city's shopping, entertainment, universities, 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. Homes created with you in mind, kitchens at Galilea are designed with impressive quartz stone countertops, crisp backsplashes, polished chrome fixtures, and stainless steel appliances coming together to create a stylish foot ceilings, extra wide windows, as well as modern and textured laminate throughout. This home is located in park heaven, with 4 parks and a long list of recreation facilities within a 20 minute walk from this address. (id:48205)

2 Bedroom 2 Bathroom 802
For sale
$738,888
W502-10828 139A STREET, surrey, British Columbia

W502-10828 139a Street

Surrey, British Columbia

North east Corner Unit! 2 Bedromm+2 Washroom+ 2 parking! Experience the pinnacle of sophisticated living in Surrey Centre Area! ideally located near Surrey City Centre. Situated in a vibrant, pedestrian-friendly neighborhood brimming with boutiques, green spaces, eateries, and the upcoming 140th St Skytrain station, ensuring convenience at your doorstep. Seize the opportunity to be part of this dynamic neighborhood! $5,000 credit at completion! (id:48205)

2 Bedroom 2 Bathroom 833
For sale
$738,800
1302 10448 UNIVERSITY DRIVE, surrey, British Columbia

1302 10448 University Drive

Surrey, British Columbia

Welcome to University District South by Bosa Properties, a bright corner 2 bed/ 2 bath on the 13th floor with amazing NW city views. It comes with 1 parking and 1 locker, and the building offers visitor parking and EV charging. You'll love the spacious living/dining room, the chef's kitchen with quartz countertops, appliances and an extendable island for dining. Enjoy 23,000+ sqft. of amenities spanning 3 floors, including fitness & yoga rooms, meeting rooms, kids' playground, lounge, rooftop heated outdoor pool, fire pit, BBQ, bike storage, parcel lockers and more. Close to the Skytrain (Surrey Central Station), Simon Fraser University, Kwantlen Polytechnic University, grocery stores, retail and restaurants. Don't miss this chance to own a piece of paradise in North Surrey. (id:48205)

2 Bedroom 2 Bathroom 811
For sale
$737,000
415 15385 101A AVENUE, surrey, British Columbia

415 15385 101a Avenue

Surrey, British Columbia

Rare and luxury unit in well maintained strata. Corner penthouse unit in Charlton Park with mountain views. This unit boost high ceilings and 2 grand size bedrooms with balconies of their own. Unit is located in extremely convenient location within 10-15 mins walking distance to school, Save on Foods, Walmart, T&T, Guildford exchange and mall. Closer to highway one for easy in and out of city. Well maintained strata with outdoor swimming pool for summers and clubhouse for private parties/events. Updates include: Fireplace insert, microwave, and exhaust, dishwasher, newer paint, hot water tank, etc. Special quirks: corner unit, two private patios, huge pantry, storage, parking , close to elevator, fantastic view ultra high ceilings, top floor penthouse, full of amenities. (id:48205)

2 Bedroom 2 Bathroom 1188 sqft
For sale
$736,890
W412 10828 139A STREET, surrey, British Columbia

W412 10828 139a Street

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 864 sqft
For sale
$736,890
W217 10828 139A STREET, surrey, British Columbia

W217 10828 139a Street

Surrey, British Columbia

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

2 Bedroom 2 Bathroom 1003
For sale
$736,000
2202 13428 105 AVENUE, surrey, British Columbia

2202 13428 105 Avenue

Surrey, British Columbia

Presenting University District by Bluesky Properties-an exciting new enclave situated in Surrey City Centre. Surrounded by verdant parks and boasting a state-of-the-art REC center, it enjoys prime proximity to the Skytrain, SFU Surrey, and Kwantlen University. This pristine 2-bedroom condo exudes contemporary elegance with its laminate flooring, energy-efficient windows, and abundant natural light. Indulge in a wealth of amenities including a heated pool, fitness center, chic lounges, secure bike storage, serene yoga studio, dedicated study spaces, and a vibrant kids playroom. Revel in breathtaking skyline and river views, backed by a comprehensive home warranty. Don't let this exceptional opportunity pass you by! Quick possession is available. (id:48205)

2 Bedroom 2 Bathroom 850 sqft
For sale
$730,000
E318 13858 108 AVENUE, surrey, British Columbia

E318 13858 108 Avenue

Surrey, British Columbia

Assignment of Contract Sale for this beautiful modern home with 2 bed 2 bath + Den, it is perfect for family! Comes with 1 parking & 1 Bike Storage. Currently under construction and estimated completion in 2024. RADLEY is an icon of confident, high contrast design, walking distance to GATEWAY skytrain station, secondary school, steps to elementary school, parks, shopping center etc. Suitable for a family or an investment opportunity. (id:48205)

2 Bedroom 2 Bathroom 879
For sale Open House
$728,000
1309 13359 OLD YALE ROAD, surrey, British Columbia

1309 13359 Old Yale Road

Surrey, British Columbia

The Holland by Townline welcomes you home to this 2 BED 2 BATH, in the heart of Surrey City Centre. A grand entryway leads into the kitchen housing a Samsung appliance package, under-cabinet lighting and contrasting cabinetry, suitable for all your storage needs. Both bedrooms offer room for king size beds with two end tables. A lavish spa inspired bathroom, A,/C, over height ceilings and generous patio space highlight this home's enhanced liveability. 13,000 sf of building amenities, steps to 2 Skytrain stations & access to all of City Centre's retailers, SFU and great restaurant.Open house, Saturday, June 22, 2024 from 12:30 to 2:30 and Sunday, June 23, 2024 from 1:30 to 3:30. (id:48205)

2 Bedroom 2 Bathroom 832 sqft
For sale
$728,000
1404 10428 WHALLEY BOULEVARD, surrey, British Columbia

1404 10428 Whalley Boulevard

Surrey, British Columbia

Introducing Ascent, a remarkable presale unit located at Surrey City Centre. Situated in close proximity to essential amenities such as Safeway, London Drugs, Save-On-Foods, Canadian Tire, and T&T Supermarket, Ascent offers unparalleled convenience. Moreover, its strategic location near numerous universities and colleges makes it an ideal investment opportunity with high rental demand. Discover the perfect combination of comfort, convenience, and investment potential at Ascent in Surrey. 1 parking & 1 bike locker included. Estimated completion Dec. 2024. (id:48205)

2 Bedroom 1 Bathroom 728 sqft
For sale
$725,000
1902 13685 102 AVENUE, surrey, British Columbia

1902 13685 102 Avenue

Surrey, British Columbia

Introducing Georgetown One by Anthem! Located in Surrey City Centre, this 2 bed, 2 bath NE corner unit features a 160 sqft balcony with expansive views. Inside, find a large entry closet, L-shaped kitchen with BOSCH and Blomberg appliances. Walk to Surrey City Centre amenities, SFU & KPU campuses, and Skytrain. Enjoy 30,000 sqft of amenities including a social lounge, concierge, fitness centre, party/games room, co-work space, outdoor theatre & garden, dog park, gym, and guest suite! Comes with 2 parking stalls! (one with an outlet for EV!) (id:48205)

2 Bedroom 2 Bathroom 678 sqft
For sale
$724,500
612 11077 RAVINE ROAD, surrey, British Columbia

612 11077 Ravine Road

Surrey, British Columbia

Experience Modern Living in the Heart of Surrey Central. Welcome to your next home, a newly constructed oasis boasting unparalleled mouta views and exquisite amenities, nestled in the vibrant Surrey Central area. Just moments away from Gateway SkyTrain Station, this stunning residence offers the perfect blend of convenience and luxury. As you step into this spacious 950 sqft sanctuary, you are greeted by breathtaking vistas of majestic mountains and the serene Fraser River, visible through expansive windows that bathe the interior in natural light. The high ceilings enhance the airy and open ambiance, creating an inviting space that you'll love to come home to. Designed with modern living in mind, this home features two generously sized bedrooms and two full bathrooms, offering ample space (id:48205)

2 Bedroom 2 Bathroom 950 sqft
For sale
$720,000
411 10477 154 STREET, surrey, British Columbia

411 10477 154 Street

Surrey, British Columbia

Well-maintained penthouse condo sitting in the wonderful G3 Residences in the heart of Guildford. Bright and open 2 bedroom, 2 full bathroom NE CORNER & TOP FLOOR suite with 9'-10' ceilings throughout! Gorgeous open concept kitchen, eating area & living room with floor to ceiling windows to allow tons of natural light! Stainless Steel appliances, quartz counters, tile splash and soft close shaker style cabinetry. Cozy covered deck with views of the mountains! Includes 1 storage locker & 1 parking + tons of guest parking! Guest suite, & clubhouse includes a billiards & ping pong table. Steps away from Guildford Mall and one block from hwy 1. RENTALS ALLOWED! OPEN HOUSE MARCH 9/10 2-4PM (id:48205)

2 Bedroom 2 Bathroom 757 sqft
For sale
$719,000
1602 13438 CENTRAL AVENUE, surrey, British Columbia

1602 13438 Central Avenue

Surrey, British Columbia

Beautiful, bright, revenue producing ($2,700 per month) 2 bed 2 bath 16th floor SW corner unit at Prime on the Plaza! Floor to ceiling wrap around windows with AMAZING views, 9 ft ceilings, open concept living with bedrooms at opposite ends for privacy, gorgeous seamless kitchen with stainless steel appliances and quartz counters, AC, custom roller blinds, insuite laundry with additional storage, 1 parking spot, 1 storage locker, 3 elevators, tons of amenities AND an assumable mortgage available at 2.99% for 3 years! Prime location across from Central City Mall, SFU, Sky Train and more! (id:48205)

2 Bedroom 2 Bathroom 803 sqft
For sale
$719,000
3308 13350 CENTRAL AVENUE, surrey, British Columbia

3308 13350 Central Avenue

Surrey, British Columbia

Location, Location, Location. Welcome to Beautiful One Central in Surrey central. First Class amenities include 'The One Club' on the 44th level with 360 views of lower mainland. Gym, indoor/outdoor lounge, yoga space, 2 massive BBQ areas, podium garden BBQ area and dog par, business center, and other facilities spanning multiple levels within the building. This 2 bedroom 2 bath home is on South east best facing with sweeping City views with beautiful coastal mountains views. Vacant now so it is easy to show. Please contact your agent for your private appointments. 1 parking and 1 locker. (id:48205)

2 Bedroom 2 Bathroom 704
For sale
$719,000
2501 10448 UNIVERSITY DRIVE, surrey, British Columbia

2501 10448 University Drive

Surrey, British Columbia

Luxurious apartment complex in the heart of downtown Surrey, with loads of amenities to offer such as state of the art gym, yoga studio, and outdoor event area. They also offer meeting rooms, study area, game room, kids play room, party room, club house, meeting room, study room, out door event area with fire pit and BBQ, and city hall and City Centre library right across the street, West facing unit to enjoy the sunset everyday. (id:48205)

2 Bedroom 1 Bathroom 672
For sale
$717,000
315 13308 CENTRAL AVENUE, surrey, British Columbia

315 13308 Central Avenue

Surrey, British Columbia

Welcome to Evolve. The most sought after building in Surrey! This beautiful 2 bed, 2 bath + den unit is perfect for all homeowners or investors! The perfect layout with bedrooms on opposite sides, walk-in-closet with double sinks in the ensuite. SS appliances, luxury quartz counter tops in kitchen & engineered hardwood floorings throughout. Large windows bringing in natural light and a HUGE balcony for entertaining. Unit comes with parking & storage. Conveniently located minutes away from Surrey Central Skytrain, Central City Mall, SFU, KPU, T&T Supermarket, Walmart, restaurants and more! You do not want to miss this unique layout. Buyer paid extra for additional upgrades in the unit. Also only 8 units in the building with this layout configuration. OPEN HOUSE:April 20/21 SAT/SUN at 3:30pm-5:30pm. (id:48205)

2 Bedroom 2 Bathroom 816
For sale
$715,890
E303 10828 139A STREET, surrey, British Columbia

E303 10828 139a Street

Surrey, British Columbia

CORNER UNIT! Live in the heart of the action! This stunning 2 bed, 2 bath,2 parking stalls, condo in Surrey Central puts you right where you want to be. Experience the best of urban living with shopping, dining, and easy transit access all at your doorstep. This stylish condo offers the perfect blend of comfort and convenience. Don't miss your chance to live it up in Surrey Centre.$5,000 decoration allowance credited at completion. (id:48205)

2 Bedroom 2 Bathroom 832
For sale
$715,000
1801 13383 108 AVENUE, surrey, British Columbia

1801 13383 108 Avenue

Surrey, British Columbia

"Welcome to CORNERSTONE" in Surrey Central. Huge 1184 sqft unit w/ 2 bed + 1 office (possible 3rd bedroom) + 1 storage room w/ 2 full baths. Mountain view from every room, bright south-east corner, functional spacious layout w/ floor-to-ceiling windows, Hardwood Oak flooring, & large balcony. Gas & hot-water included! Stay cozy w/ the gas fireplace. Comes with 1 parking & 1 storage. Amazing location - a few footsteps from Skytrain station. The best amenities in the area - a fitness center, hot tub, sauna, theatre, lounge, and pool. Walking distance to shopping, restaurants, recreation, library, parks, and SFU. Perfect unit for a family. Look no further! (id:48205)

3 Bedroom 2 Bathroom 1185 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