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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
$670,000
2508 13350 CENTRAL AVENUE, surrey, British Columbia

2508 13350 Central Avenue

Surrey, British Columbia

Welcome to One Central !! This unit is located on the 25th FLOOR & offers 2 generously sized Bedrooms + 2 Bathrooms. Breathtaking CITY & MOUNTAINS, visible with full size glass windows. The open concept Kitchen boasts high-end features inc. a GAS Stove, Latest Appliances & QUARTZ Countertops. Amenities includes EV Charging, Fitness studio, Business center, Family room, sky lounge with pool table,Ping Pong,and sky fitness,bbq and party room. The heating is icluded in strata fee which saves you Hydro bill. Conveniently located minutes from Surrey Central SkyTrain Station, SFU, KPU, Shopping & Restaurants. (id:48205)

2 Bedroom 2 Bathroom 704 sqft
For sale
$669,800
2003 10626 CITY PARKWAY, surrey, British Columbia

2003 10626 City Parkway

Surrey, British Columbia

Welcome to Parc Centrale, a stunning 2023-built top-floor corner unit in the rapidly growing Whalley, North Surrey. This 2 beds, 2 baths, sub-penthouse boasts over 700 sqft of luxurious living space with breathtaking western views. Located near SFU and the future UBC, this 20-story beauty is just a 2-minute walk from two Skytrain stations and sits adjacent to the BC Lion's training fields. Enjoy a high-end kitchen with Fulgor and Bosch appliances, designer cabinets, and laminate flooring throughout. Building amenities incd. 6000+ sq.ft rooftop terrace with BBQ, outdoor lounge, play area, spacious fitness & yoga space, a business center, and a 5000+ sq.ft lounge with a chef's kitchen. Centrally located within Surrey City Center, you're minutes from shopping, transit, and numerous amenities. (id:48205)

2 Bedroom 2 Bathroom 741 sqft
For sale
$669,000
316 15110 108 AVENUE, surrey, British Columbia

316 15110 108 Avenue

Surrey, British Columbia

Luxurious TOP-FLOOR CORNER suite in the quiet Thompson building at Riverpointe. Like-new and stunning throughout, this 2 bed 2 bath condo has been extensively renovated. Enjoy ample natural light from all angles, including a large window in the kitchen. Through the open living room you will find access to your deck, with ample space to enjoy outside. This convenient location is minutes from Hwy 1, with transit at your doorstep and Guildford Town Centre within walking distance. Well-maintained complex with gym and sauna. Rentals allowed. Includes secure parking and is pet-friendly. (id:48205)

2 Bedroom 2 Bathroom 1052
For sale
$668,000
702 10333 133 STREET, surrey, British Columbia

702 10333 133 Street

Surrey, British Columbia

Experience luxury living at its finest in this exclusive Melrose tower, scheduled for completion this Summer 2024. This 2-bed,1-bath residence boasts a spacious and light color scheme layout while the kitchen features stylish two-toned cabinetry complemented by top-notch Italian Fulgor-Milano appliances. Closet organizers and pull out drawers in each bedroom. Located within walking distance of City Centre, easy access to many dining options, shops, parks, pools, and the nearby Surrey Central SkyTrain Station. This Melrose presale also features a beautifully landscaped courtyard, on-site fitness center offers yoga classes, outdoor meditation pods, and tai chi sessions. 1 Bike Stall and 1 Parking stall. $5k decoration allowance is included. Don't miss out on this opportunity! (id:48205)

2 Bedroom 1 Bathroom 595 sqft
For sale
$668,000
1606 13495 CENTRAL AVENUE, surrey, British Columbia

1606 13495 Central Avenue

Surrey, British Columbia

PANORAMIC City VIEWS. This two bedroom corner unit has functional floor plan, high ceilings, stainless steel appliances, hardwood floors, premium millwork cabinetry with built-in organizers and accent lighting. Comes with ONE parking stall, ONE locker, Geothermal heating and cooling. 3 Civic Plaza is a premium hotel + residences complex directly across from Surrey Central Skytrain with concierge. Steps away to skytrain station, shopping mall and recreation centre. 3 universities (KPU, Two SFUs) are within walking distance. Restaurant Dominion Bar & Kitchen and Prado Cafe are in the lobby area of the building (id:48205)

2 Bedroom 2 Bathroom 855
For sale
$666,000
2411 13685 102 AVENUE, surrey, British Columbia

2411 13685 102 Avenue

Surrey, British Columbia

UNDER BC ASSESSMENT!! 1st HOME BUYER & INVESTEROR Georgetown one - the 1ST tower of Anthem's master planned community in the core of Surrey City Centre. Very well-planned and designed unit with modern contemporary finishes, S/S appliances, laminate floor, high ceiling cabinets and quartz countertops offers beautiful views of mountains and the Central. Located just minutes walking distance to the SkyTrain , buses, Surrey Central mall, shops, library, KPU,SFU, and lot of restaurants.. Loads of amenities built within 30000 sq ft includes a fully equipped gym, guest suite, co-work/study areas, yoga studio, outdoor area with premium outdoor theatre, outdoor lounge and green space for you and your guests to enjoy. (id:48205)

2 Bedroom 2 Bathroom 678 sqft
For sale
$665,000
2705 13350 CENTRAL AVENUE, surrey, British Columbia

2705 13350 Central Avenue

Surrey, British Columbia

Prime LOCATION in Surrey Central - ONE CENTRAL. Open layout with floor to celling windows bring in ample light to the unit. 2 Bedrooms & Den corner unit comes with gorgeous MOUNTAIN, CITY & MOUNTAIN view featuring 2 LARGE Balconies. Modern kitchen with gas stove & high-end appliances. Den featuring sliding glass doors can be 1 extra bedroom or flex room with windows. Building has on-site Concierge, gym, meeting room, party room... Steps to Surrey Central Skytrain Station to Downtown, Kwantlen University, SFU, Shopping, Parks...1 Parking & 1 Bike Stall. ACT FAST!!! WON'T LAST LONG! (id:48205)

2 Bedroom 2 Bathroom 709 sqft
For sale
$659,000
209 11077 RAVINE ROAD, surrey, British Columbia

209 11077 Ravine Road

Surrey, British Columbia

Ledgeview a nicely built building by Quadra Homes with 2 beds and 2 bathrooms! Conveniently situated a short walk from Gateway station & nestled in a residential nook.Building with modern architecture & beautiful interior design is a fantastic opportunity for 1st time Buyers and/or investors. Primary bedroom (Master) has it's own bathroom (ensuite) and walk-in closet. Rooftop Patio has it all (playground, picnic tables, BBQ gas hook up & garden). Gas, Hot water and Heat is covered by the strata fee. High quality finishings, A/C ready, no rental restrictions,1 parking stall pre-wired for electric cars, bike storage and a 5000 sq ft amenity room with a Gym. (id:48205)

2 Bedroom 2 Bathroom 855 sqft
For sale
$658,000
308 10168 149 STREET, surrey, British Columbia

308 10168 149 Street

Surrey, British Columbia

Very Central Location!!! Steps away from Guildford Town Centre, shopping, restaurants, schools, transit, easy access to highway 1. This unit is maintained very well. 10-feet high ceiling, very nice layout, a large open concept kitchen with plenty of cabinets, spacious inner street with nice view. Upgraded kitchen stone countertops and main bath stone countertops. 1 parking included. This unit is positioned between the elevator and stairway, making this unit very convenient and secure. Open House on June 23 (Sunday), 2-4pm (id:48205)

2 Bedroom 2 Bathroom 801 sqft
For sale
$650,000
1412 10626 CITY PARKWAY, surrey, British Columbia

1412 10626 City Parkway

Surrey, British Columbia

Welcome to Parc Centrale! One of the best project by renowned builders: Dava & Lark, is a 20 story concrete tower that overlooks unobstructed views of the Valley. Strategically located in Surrey Central, its minutes walk to Surrey Central & Gateway Skytrain Stations, SFU, UBC, shopping, schools, hospital, recreational facility as well as Holland Park and Tom Binnie Park. This Unit is equipped with Bosch stainless steel kitchen appliances, Samsung Washer/Dryer, a spacious balcony with views. Building amenities include a 6000 sq.ft. roof top terrace, equipped with lounge seating, BBQ area, fitness/yoga center, meeting/conference room .Offer any time. (id:48205)

2 Bedroom 2 Bathroom 742
For sale Open House
$649,999
209 13933 105 BOULEVARD, surrey, British Columbia

209 13933 105 Boulevard

Surrey, British Columbia

Parker by Mosaic Homes - Developed by Mosaic. Architecture Ramsay Worden Architects. A total of 218 units, consisting of 3 wood frame, 4-storey buildings, including a large outdoor amenity space - 20,000 SQ.FT. Located adjacent to the beautiful Forsyth Park, fairly close to Hawthorne Rotary Park, and walking distance to Our Lady of Good Counsel Church. Inspired by a contemporary take on shaker-kitchens and Scandinavian design. This unit feat. 818 SQ.FT of living w/ 2 BDRMS/1.5 BATHS & 1 car parking. 10-foot Ceilings throughout, Oak herringbone floor pattern, contemporary baseboard and doorway trims blend, oversized windows to increase natural light. Spa inspired bathrooms w/ over-sized porcelain tiles in a marble-like finish. S/S whirlpool appliances. (id:48205)

2 Bedroom 2 Bathroom 830 sqft
For sale
$649,999
302 14225 103 A AVENUE, surrey, British Columbia

302 14225 103 A Avenue

Surrey, British Columbia

Welcome to UNISON, where every detail is designed for your comfort and convenience. Your stylish and spacious 2-bed, 2-bath sanctuar. Inside, sleek white finishes and smart storage solutions create a contemporary feel. But that's not all - your UNISON abode comes complete with a storage unit, bike locker, and included parking, making urban living a breeze. And for those with furry companions, rest easy knowing that 2 pets are welcome here. Embrace the modern lifestyle you've been dreaming of at UNISON. Welcome home! OPEN HOUSE: JUNE 23 2PM-4PM (id:48205)

2 Bedroom 2 Bathroom 756 sqft
For sale
$649,999
508 13350 CENTRAL AVENUE, surrey, British Columbia

508 13350 Central Avenue

Surrey, British Columbia

*ONE CENTRAL* 44 storey with 360 views, June 2023 Built, opposite to SFU, Surrey City Hall, City Library, 3 Civic Plaza tower in Surrey Downtown. Check first class amenities on Floor 14th (BBQ, dog park), Floor 3rd (gym), Floor 4th (Yoga), Floor 34th (WFH, Business Centre) & Floor 44th (Club, Sky bikes, BBQ, Pool, tennis). The unit balcony is facing East (sunrise), 2 bed, 1 bath, kitchen has gas stove, living room has sliding glass door, can use as 3rd bedroom. It comes with one parking stall, one bicycle stall and one storage locker (good size for additional storage). Developer warranty 2, 5 & 10 years still applicable as unit is only 9 months old. "Rent to Own" option available. Please Call for more details. (id:48205)

2 Bedroom 1 Bathroom 626 sqft
For sale
$649,900
102 14988 101A AVENUE, surrey, British Columbia

102 14988 101a Avenue

Surrey, British Columbia

'Close to Everything' CARTIER PLACE is a great central Guildford Location - Ideally located near Guildford Mall, T&T Supermarket, schools, doctors, theatre, restaurants, library, rec center, and transit, with easy access to Hwy 1. This clean and well-maintained south-facing unit features 2 large bedrooms and 2 bathrooms. All windows look out onto beautiful green trees! Enjoy the cozy fireplace, huge patio perfect for barbecuing, and in-suite laundry. UPDATES : Newer s/s appliances, flooring, countertops, bathrooms, lighting, blinds, paint, etc. FULLY RAIN SCREENED with a new roof in 2010. Comes with TWO secured Side by Side parking and One storage locker. Open House June 29th(SAT) from 2PM-4PM (id:48205)

2 Bedroom 2 Bathroom 1227 sqft
For sale
$649,900
118 13458 95 AVENUE, surrey, British Columbia

118 13458 95 Avenue

Surrey, British Columbia

LOCATION! LOCATION! LOCATION! Galileo by WHITETAIL HOMES, situated just south of Surrey Central, offers unbeatable convenience. Minutes from shopping, parks, schools, restaurants, and universities, with King George Skytrain nearby for hassle-free commuting. This 2-story home features 1 bed plus flex, 1.5 baths, 9' ceilings, quartz countertops, stainless steel appliances, open concept living, extra wide windows, and luxurious design details. Enjoy amenities like a spacious fitness center, clubhouse with full kitchen, lounge, and billiards table, perfect for entertaining family and friends. Experience modern living at its finest! Don't miss out. (id:48205)

1 Bedroom 2 Bathroom 850 sqft
For sale
$649,900
319 15322 101 AVENUE, surrey, British Columbia

319 15322 101 Avenue

Surrey, British Columbia

2 bedroom, 2 full baths + den unit at Ascada. Bright and spacious, with very peaceful outlook, facing tree lined street. Absolutely immaculate condition, freshly painted and updated. Open concept floor plan and functional interior, large rooms and separated bedrooms. Entertainment style kitchen w/granite island, FP, stainless appliances, in-suite laundry. Great location w/walking distance to all amenities. Guildford Mall, T&T Supermarket, Transit. Easy access to No 1 Hwy. One of the most sought after neighborhoods in Surrey. Open House Saturday, June 22nd 2-4pm. (id:48205)

2 Bedroom 2 Bathroom 972 sqft
For sale
$649,900
102 14980 101A AVENUE, surrey, British Columbia

102 14980 101a Avenue

Surrey, British Columbia

This unit is a perfect 10! Located in the heart of Guildford, this unit feels just like new. Featuring two bedrooms and two bathrooms, it is spacious and filled with natural light. Enjoy a short walk to transit, Guildford Mall, Walmart, Landmark Cinemas, T&T's grocery store, restaurants, and Green Timbers Forest. It also offers easy access to bridges, the highway, and the SkyTrain for a convenient commute. (id:48205)

2 Bedroom 2 Bathroom 1250 sqft
For sale
$649,888
3012 10448 UNIVERSITY DRIVE, surrey, British Columbia

3012 10448 University Drive

Surrey, British Columbia

Experience urban luxury in this 2-bed, 1-bath condo on the 30th floor of University District, crafted by world-renowned developer Bosa. This sophisticated unit features high-end modern finishes, a clever pull-out kitchen table that integrates seamlessly into the kitchen island, and a spacious covered balcony offering breathtaking views. Residents enjoy access to a separate amenity building with a rooftop pool, fire pit and BBQ areas, a fully equipped gym, meeting room, two lounges with kitchens, a quiet study area, kids playroom, Peloton room, and bike pavilion. Located within walking distance to SkyTrain, schools, shopping, and with easy highway access, this condo offers unparalleled convenience and lifestyle. Don't miss this rare opportunity for upscale living in a prestigious building! (id:48205)

2 Bedroom 1 Bathroom 686 sqft
For sale
$649,800
1907 13387 OLD YALE ROAD, surrey, British Columbia

1907 13387 Old Yale Road

Surrey, British Columbia

HOLLAND TWO BY TOWNLINE in the heart of Surrey Downtown. Its 32 story Tower close to all amenities only steps away like Holland park, Two sky train stations, SFU, UBC campus coming in the near future, Surrey central mall etc. This is the corner unit of 2 bedroom Condo/Apartment on 19th Floor with breathtaking view from South West corner of this unit. So you don't miss this opportunity to own this apartment. Call for more info. (id:48205)

2 Bedroom 1 Bathroom 677
For sale
$649,000
906 10731 KING GOERGE BOULEVARD, surrey, British Columbia

906 10731 King Goerge Boulevard

Surrey, British Columbia

Enjoy a generous layout focused on seamless design and functionality with thoughtful storage solutions, sleek integrated appliances, air-conditioning and a spacious balcony. This 46 storey concrete high rise is complete with a vertical village of amenities including fitness room, meeting and events room, and more. Surrey's urban centre is a thriving hub for innovative industries and prestigious university campuses, parks, restaurants and retail with over 150+ Shops at Central City Shopping Centre plus continued investment in transportation networks and public infrastructure. 1 Parking and 1 storage locker included. Estimated completion mid of 2025. (id:48205)

2 Bedroom 2 Bathroom 701 sqft
For sale
$649,000
505 11077 RAVINE ROAD, surrey, British Columbia

505 11077 Ravine Road

Surrey, British Columbia

Welcome to the luxurious Ledgeview by Quadra Homes. This spacious 2 Bedroom & 2 Bath unit has 4 pc. ensuite in Primary bedroom, Walk in closet, Pre wired EV charger, Bike storage & A/C rough in ready. One of the best layouts in the building with a larger patio area and ceiling height (there is no unit above this) facing the courtyard. Hardly a 5 min walk from the Gateway Skytrain Station. Close to Guilford mall, Surrey Central, New Westminster, Hwy 17, easy access to No.1 HWY. This exclusive unit has gourmet S/S appliances, Ice maker Fridge, Duel fuel Oven & 5 burner gas range, Quartz countertops & White Shaker Cabinet. Gas, Hot water and Heat is covered in the strata fee. Has a huge 5000 sq. ft. amenity room with Gym & meeting room. (id:48205)

2 Bedroom 2 Bathroom 849 sqft
For sale
$649,000
709 13615 FRASER HIGHWAY, surrey, British Columbia

709 13615 Fraser Highway

Surrey, British Columbia

Welcome to King George Hub, an unbeatable location in North Surrey! Just steps from King George SkyTrain and a short walk to Central City Shopping Centre, T&T, SFU Surrey, and more. This bright, northeast-facing corner unit, boasting 2 beds and 2 baths, is the prime choice, offering quiet serenity away from Fraser Hwy and King George Blvd. Enjoy spacious living with an open-concept layout, perfect for entertaining. The unit features high-quality appliances, sleek countertops, and modern finishes throughout. Luxurious amenities include a rooftop terrace with a 360-degree view and BBQ, outdoor areas, a gym, yoga studio, and social lounges. Secure underground EV parking and bike locker included. Don't miss out on this exceptional home! Experience urban living at its finest. (id:48205)

2 Bedroom 2 Bathroom 825 sqft
For sale
$649,000
2302 13750 100 AVENUE, surrey, British Columbia

2302 13750 100 Avenue

Surrey, British Columbia

Great convenient location in the heart of Surrey Center! Under 5 Minutes walking to King George sky train station! Very close to all amenities including Central Mall, Holland Park, SFU Surrey Campus, city hall, library. This Spacious separated 2 Bedroom, 2 Baths Corner unit has bright South East Exposure. High-end Kitchen features marble tile backsplash, European-Bloomberg gas cooktop & built-in oven. Quartz countertops and under-mounted sinks & lighting. Engineered wood flooring, roller blinds, in-suite laundry, and large balcony. Resort-style Amenities include a 24/7 concierge, fitness center, outdoor pool, sauna room, hot tub, tennis court, golf putting green, Gas & hot water incl. in maintenance fee. 1 parking stall & 1 storage locker. Still Available (id:48205)

2 Bedroom 2 Bathroom 785 sqft
For sale
$649,000
1011 13685 102 AVENUE, surrey, British Columbia

1011 13685 102 Avenue

Surrey, British Columbia

CORNER UNIT! VACANT! 1st of 9 towers @ Anthem's master community in the heart of rapid growing surrey city centre. 5 min walking to SFU, KPU, Wal-Mart, T&T, Surrey City Centre Shopping Centre, City hall, Library and more! This City & Mountain view North West exposure 2 bed 2 bath features luxury European built-in appliances w/ Light wooden engineered floor & quartz countertops. This 1st tower includes massive 30,000 sq.ft of amenities (entertaining lounge w/ a premium outdoor theatre for your private event, co-work/study space, pet park, fitness centre & yoga studio with water dispenser & 2 separate washrooms and a guest suite) Rentals allowed. Pets allowed. 1 parking 1 locker. Open House Sat June 8, 12-2pm. (id:48205)

2 Bedroom 2 Bathroom 678 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