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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
$2,400,000
10372 145A STREET, surrey, British Columbia

10372 145a Street

Surrey, British Columbia

Excellent opportunity Exceptional. This Older type but solid bungalow currently rented and nestled on just over 8000 sqft lot with Guildford NCP plan designated low rise 2.5 FAR. Exceptional investment here! (id:48205)

3 Bedroom 1 Bathroom 1200
For sale Open House
$2,399,900
15445 94 AVENUE, surrey, British Columbia

15445 94 Avenue

Surrey, British Columbia

2024 Newly Built 7100 Sq Ft Corner Lot, Two level Home 8 Bedrooms + Den + 7 Bathrooms, has 2 Basements (2+2), Main Floor Features has 2 Basement Suites (2+2) for Mortgage Helper & Den with Full Bathroom which can be used as a Bedroom or an Office, Upper Floor has an Open Concept Kitchen along with Spice Kitchen, 4 Spacious Bedrooms 4 Bathrooms, An abundance of natural light helps to create an open and spacious feel. A stone throw way from Berkshire Park Elementary School and Kids First Montessori. Short walk to Johnston Heights Secondary School. Easy access to public transit, Guildford Mall, Port Mann bridge, Surrey Central, Skytrain & major routes. Great house appeal on a street full of flowering cherry trees in a nice family-oriented neighborhood! Open House April 13/14 1-3PM (id:48205)

8 Bedroom 7 Bathroom 3624
For sale
$2,399,900
16321 88 AVENUE, surrey, British Columbia

16321 88 Avenue

Surrey, British Columbia

Gorgeous and quality custom built rancher with basement, spacious 3 bedrooms on the main floor plus another 3 bedrooms in the walkout basement. More than enough room for two families to live in, or rent out the basement as a mortgage helper. Spacious Kitchen with large island and an extra spicy Kitchen on the main floor. Vaulted and high ceilings and hot water radiant heat plus air filtration system throughout. Excellent school catchment of both North Surrey Secondary and Prestigious Holy Cross Regional High School. This neighborhood is also located within the Fleetwood Town Center NCP with multifamily redevelopment designation. This is the place to live and grow your family assets! (id:48205)

6 Bedroom 4 Bathroom 5441
For sale Open House
$2,399,000
12978 GLENGARRY CRESCENT, surrey, British Columbia

12978 Glengarry Crescent

Surrey, British Columbia

Step into the lap of luxury with this exquisite home nestled in Queen Mary Park. Beyond its gated entrance lies a sprawling driveway accommodating over 8 cars, unveiling a living space exceeding 4000 square feet. The main floor greets you with an open-concept layout, meticulously crafted to perfection in every detail, main kitchen complete with a spice kitchen, Jenn-Air appliances, and the option for a 1-bed suite with a separate entrance. Upstairs, discover four grand master bedrooms, each boasting ensuites and walk-in closets, alongside a bonus media room and laundry facility. Radiant heat permeates throughout, showcasing superior craftsmanship at every turn. Conveniently located near transit, shopping centers, schools, and major routes, this home offers both luxury and practicality. (id:48205)

5 Bedroom 6 Bathroom 4035
For sale
$2,388,888
11558 BAILEY CRESCENT, surrey, British Columbia

11558 Bailey Crescent

Surrey, British Columbia

This incredible contemporary designed home is an architectural masterpiece. this home was designed to utilize all of the best angles and views possible with spanning views of water, city, mountain. The open concept design and expansive decks make this home an entertainer's dream. Separate spice kitchen will surely impress the most discerning buyer with an appreciation for the thoughtful design elements. With 8 bedrooms and 7and half bathrooms there is plenty of room for everyone. Plenty of parking with the 2 car garage and oversized driveway. Fantastic location walking; distance to bus stop , school and an easy access to greater van. Fully finished two suites for mortgage helper. (id:48205)

7 Bedroom 8 Bathroom 4475
For sale
$2,388,800
10229 122 STREET, surrey, British Columbia

10229 122 Street

Surrey, British Columbia

Welcome this beautiful 11-bedroom 7-bathroom basement- entry home ,located in north Surrey, close to Scott road Skytrain and Surrey shopping center. the huge lot 14130 sqft with a private fenced garden. New hardwood floor, new counter top, new bathroom, new retaining wall and two years old furnace and hot water tank.5 bedrooms 4 bathrooms upstairs, with spacious living area. Downstairs 3 rent suites (3+2+1) with laundry, great help for mortgage. Book your showings. Unbelievable value. OPEN HOUSE: Saturday ,MAR.16,2-4PM; Sunday Mar.17, 12-2pm (id:48205)

11 Bedroom 7 Bathroom 5827
For sale
$2,388,000
15004 96 AVENUE, surrey, British Columbia

15004 96 Avenue

Surrey, British Columbia

Attention Investors and Developers! Don't miss out on this amazing opportunity to own a charming split level home with some original hardwood floors and an original style that has been well maintained. The spacious bedrooms and below huge Rec room offers plenty of space also a large private yard with access to the back lane provides endless possibilities for outdoor activities. In summary, this listing is an excellent opportunity for anyone for a unique and charming property that is lovable and has potential for future development. Don't miss on this opportunity. (id:48205)

5 Bedroom 1 Bathroom 2166
For sale
$2,379,000
8733 163A STREET, surrey, British Columbia

8733 163a Street

Surrey, British Columbia

STUNNING custom home, boasting 6 bedrooms and 5 bathrooms, sits on a spacious 11,457 SQFT lot in Fleetwood's prestigious neighbourhood. Nestled in a tranquil cul-de-sac, it offers rare LANE ACCESS and views of the North Shore mountains. The exterior of the house captivates a blend of stone and exudes elegance, with meticulous attention to detail. Inside features granite countertops, a spice kitchen, top-of-the-line plumbing fixtures, and pot lights creating a warm ambiance. Step onto the covered sundeck to savour the picturesque views and enjoy privacy. Separate entrance & kitchen in the basement, the home is ideal for accommodating guests or EASILY converting to a 1 or 2-bed suite! (id:48205)

6 Bedroom 5 Bathroom 4871
For sale
$2,350,000
11429 125A STREET, surrey, British Columbia

11429 125a Street

Surrey, British Columbia

Welcome to this 6 bed & 7 bath luxurious home in North Surrey. It sits on a 7000+ sq. ft. lot. This home is FULL of all the modern amenities. The new color palette is serene and peaceful and creates a beautiful canvas for all of your ideas. Beautiful lighting package throughout with gorgeous chandeliers. Step into your future home!! (id:48205)

6 Bedroom 7 Bathroom 3557
For sale
$2,350,000
11102 135A STREET, surrey, British Columbia

11102 135a Street

Surrey, British Columbia

Home in the Surrey-Gateway Transit Oriented Area (TOA). Home in good condition - value in land. (id:48205)

3 Bedroom 1 Bathroom 1432
For sale
$2,349,000
13889 BRENTWOOD CRESCENT, surrey, British Columbia

13889 Brentwood Crescent

Surrey, British Columbia

DEVELOPER ALBERT!! LAND ASSEMBLY FOR ABOVE 5 LOTS TOTAL CLOSE TO ONE ACRE!! Developing property under Surrey City Centre Plan. Good for investors and developers. Please go to the city for more information. Land value only. Showing upon the offer! 3 bedroom and 2 Bath rancher. Over 7500 sqft lot. Rent now and hold for the future or build a new house. House was renovated and is currently rented. Close to City Hall, Surrey Central Skytrain Station, Gateway Station, SFU, and Shopping Center Back lane access. (id:48205)

3 Bedroom 2 Bathroom 902
For sale
$2,349,000
13879 BRENTWOOD CRESCENT, surrey, British Columbia

13879 Brentwood Crescent

Surrey, British Columbia

DEVELOPER ALBERT!! LAND ASSEMBLY FOR ABOVE 5 LOTS TOTAL CLOSE TO ONE ACRE!! Designated multi-family in OCP, Good for investors and developers. Please go to the city for more information. Land value only. 3 bedroom and 2 Bath rancher. Over 7500 sqft lot. Rent now and hold for the future or build a new house. House was renovated and is currently rented. Close to City Hall, Surrey Central Skytrain Station, Gateway Station, SFU, and Shopping Center Back lane access. (id:48205)

3 Bedroom 1 Bathroom 1788
For sale Open House
$2,348,800
9493 163 STREET, surrey, British Columbia

9493 163 Street

Surrey, British Columbia

Custom built quality house located in a quite neighbourhoods in Fleetwood. A very well cared house. Close to shopping centers, parks, schools and transit. Easy access to highway 1 and 15/17. House contains two basement units with separated entry. Open house Sunday (April 21) 2:00-4:00PM (id:48205)

5 Bedroom 5 Bathroom 4633
For sale Open House
$2,299,800
14096 113A AVENUE, surrey, British Columbia

14096 113a Avenue

Surrey, British Columbia

Experience luxury living in this exquisite residence boasting stunning mountain views, conveniently located near the city center. Step into the expansive living and dining areas, complemented by a welcoming family room on the main level. Upstairs, discover five bedrooms and four bathrooms, including a generously sized master suite featuring a luxurious spa-like ensuite and ample walk-in closet space. Meticulously designed with premium finishes, this home includes a double car garage, radiant heating, air conditioning, and more. Additionally, capitalize on the opportunity for rental income with separate suites. Don't miss out on this exceptional chance to own a lavish jewel with the added peace of mind of a 2-5-10 warranty. Contact us today to schedule your private viewing!!!! (id:48205)

7 Bedroom 7 Bathroom 3961
For sale
$2,299,000
15872 109 AVENUE, surrey, British Columbia

15872 109 Avenue

Surrey, British Columbia

Welcome Home ~ This 5257 sq.ft. 2 storey family home is beautifully situated in sought after Fraser Heights! Featuring beautiful updates including flooring, paint, lighting fixtures, renovated bathrooms, & more! Upstairs are 4 spacious bdrms, 3 full ensuite. The main floor has both traditional & open concept living spaces, free standing staircase, large gourmet kitchen with big island and spice kitchen. Walking distance to schools, park, shopping and easy access to all major routes. Outdoor entertainment/living area 790 sq. ft. more than enough space for the bbq & dining. Call for more info! Easy to show. (id:48205)

5 Bedroom 5 Bathroom 5257
For sale Open House
$2,299,000
9975 173B STREET, surrey, British Columbia

9975 173b Street

Surrey, British Columbia

A stunning 10-bedroom, 9-bathroom house in Fraser Heights is currently available for sale, offering unparalleled luxury and comfort in one of Surrey's coveted neighborhoods. Nestled in the prestigious Fraser Heights area, this expansive home provides ample space for large families or those who love to entertain. With 10 bedrooms, there's room for everyone to have their private retreat, while 9 bathrooms ensure convenience and privacy for all residents and guests. Inside, the residence exudes sophistication and style, with high-end finishes and modern amenities throughout. From gourmet kitchens equipped with top-of -the-line appliances to luxurious bathrooms with spa-like features, every detail has been carefully curated to enhance the living experience. Open House April 20/21,2024 2PM-4PM. (id:48205)

10 Bedroom 9 Bathroom 6436
For sale
$2,299,000
17992 98 AVENUE, surrey, British Columbia

17992 98 Avenue

Surrey, British Columbia

A meticulously crafted custom-built home in the prestigious Abbey Hills subdivision of Surrey. This remarkable residence boasts 2x6 construction, a testament to the quality that defines this property. The interior exudes warmth and charm, creating an inviting and cozy atmosphere. The captivating mountain view in one of the upper-level 4 bedrooms offers the stunning vistas of the surrounding natural beauty. The basement is a canvas of untapped potential, awaiting your creative vision for expansion and customization. The long driveway provides ample space to accommodate your RV and guests parking needs. Situated on a tree-lined lot that spans over 13,000 square feet, it provides you with an enchanting sense of privacy and serenity. Conveniently located minutes away from the highway entrance. (id:48205)

4 Bedroom 3 Bathroom 4752
For sale
$2,288,000
14271 GROSVENOR ROAD, surrey, British Columbia

14271 Grosvenor Road

Surrey, British Columbia

WELCOME TO LUXURY HOME WITH MOUNTAIN VIEWS. Ready to upgrade your living to luxury 3 storey home, welcome to this newly constructed, stunning home set on a 6832.00 sq. ft. lot with approximately 5364 sq. ft. of finished area. Boasting 10 bedrooms, 10 bathrooms with walk-in closets, and modern amenities including radiant heating and central air conditioning. Featuring two 2 + 2 bedroom basement suites (both suites have separate laundry), a potential bachelor suite, and a theatre room. Minutes to K-7 James Ardiel Elementary and 8-12 École Kwantlen Park Secondary,1 minute to Bus stop and 1 minute walk to Invergarry Park. Don't miss the opportunity to make this your dream home, complete with a 2-5-10 Warranty. Schedule a viewing today! (id:48205)

10 Bedroom 10 Bathroom 5465
For sale
$2,280,000
11028 162A STREET, surrey, British Columbia

11028 162a Street

Surrey, British Columbia

Welcome to this 7 bedroom 4 bathroom with a recently renovated 2/3 bedroom basement suite. This house sits in the heart of Fraser Heights! Walking distance to Erma Stephenson Elementary & Fraser Heights Secondary School, community center, public transportation, shopping, restaurants etc. Open layout, high ceiling living room and a huge dining room, chef kitchen and a bedroom on the main floor. Above the master bedroom with 5 pc bath, and 3 good sized bedrooms share one bath. Like brand new! 2/ 3 bedrooms suite in the basement renting for $1950/Month as a mortgage helper with separate entrance. Call for more information. (id:48205)

7 Bedroom 4 Bathroom 4615
For sale
$2,255,000
9092 141B STREET, surrey, British Columbia

9092 141b Street

Surrey, British Columbia

This Stunning Home has Two (1+1) Bed suites & potential to be two (2+1) or three (1+1+1) Bed suites as mortgage helper. This fully Renovated exquisite home features a Open & Custom designed open floor plan & AC. Gourmet Kitchen has new top-notch Cabinetry, new flooring, new appliances, lot of counter-space & island counter with bar stools. Separate Dining Room, Family Room & Living Room with mesmerizing decor & two fire-places. The Primary Bedroom entails walking closet & attached bathroom with jacuzzi. 2nd Primary Bedroom has relaxing setting with attached bathroom. The Private wrap-around backyard has a large covered patio, a storage & lots of green-space for celebrations. Kitchen is loaded with All new specs, Quartz countertop, Gas stove & separate spice kitchen. Located within walking distance to Elementary & Sec. Schools, Bear-Creek Park, Transit, Grocery, Clinics etc. 10 mins away from SFU(Surrey), KPU, Surrey Memorial Hospital, Costco, Guildford Mall & Rec. Centre. You will Enjoy Living in this Home! (id:48205)

7 Bedroom 7 Bathroom 4724
For sale
$2,250,000
9117 149 STREET, surrey, British Columbia

9117 149 Street

Surrey, British Columbia

Great investment opportunity in the up and coming Fleetwood OCP. 12474 sf lot, 1190 sf rancher and out buildings. Stage 1 planning was endorsed by Surrey Council March 7 2022, Stage 2 planning is now underway to develop a servicing and financial plan and fine-tune land uses. As per Stage 1 Plan for Fleetwood this area is designated Low-Rise. (id:48205)

3 Bedroom 1 Bathroom 1190
For sale
$2,250,000
12568 96 AVENUE, surrey, British Columbia

12568 96 Avenue

Surrey, British Columbia

Centrally located house on over 8000sqft lot with RF zone. Close to Central City Mall and Guildford Mall, close to skytrain and putalo and portman bridge, walking distance to bus stops and shops, Close to schools. House fully renovated in 2018 with new appliances on top and hot water tank replaced dec, 2020, air condition system placed in august of 2021 and new furnace installed in august of 2021. A must-See house with mortgage helper of over $4000. Has a balcony in front and also covered deck at the back. covered 2 car garage and can fit lots of cars in the back yard. some of the bedroom and washroom have been barely used so looks all new. BUYER AND BUYERS AGENT TO CONFIRM, IF NECESSARY, ALL MEASUREMENTS ARE TAKEN FROM THE PREVIOUS LISTING HOUSE CONTAINS UNAUTHORIZED SUITE (id:48205)

9 Bedroom 6 Bathroom 4327
For sale
$2,249,000
10953 ORIOLE DRIVE, surrey, British Columbia

10953 Oriole Drive

Surrey, British Columbia

Come check out your dream house before it is GONE!! Welcome to this beautiful 2 storey well-maintained house on a rectangular lot ( 60*120) waiting for you to claim it. Walking distance to the shopping mall and bus stop. This house backs into a beautiful elementary school park which can be used for entertainment or morning/evening stroll. This home features 2 beautiful master bedrooms on the second floor that includes walk-in closets. There is a 2 bedroom legal suite that can be a mortgage helper ( rented for $2000/month). It also has the potential to convert one bedroom with attached bathroom as a bachelor suite. You won't be disappointed. Book your showing NOW. (id:48205)

7 Bedroom 6 Bathroom 3709
For sale
$2,240,000
16988 77A AVENUE, surrey, British Columbia

16988 77a Avenue

Surrey, British Columbia

Welcome to your dream home! This spectacular Foxridge residence offers nothing short of elegance, no expense has been spared! House blends the modern luxury at its finest! This home hardwood floors, Benjamin Moore Paint and custom light fixtures all throughout. The chef's kitchen is absolutely stunning with HIGH END S/S appliances, Marble Countertops, White maple cabinets and an Entertainer's open floor plan! Upstairs features 3 spacious bedrooms w/2 full washrooms perfect for any growing family. Ideally located with quick access to the Port Man, Alex Fraser, Golden Ears and the border, golf courses, shopping and recreation. 270 degree Golf view from the whole house. (id:48205)

4 Bedroom 4 Bathroom 3106
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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