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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 Open House
$599,777
201 13876 102 AVENUE, surrey, British Columbia

201 13876 102 Avenue

Surrey, British Columbia

Glendale Village is one of Surrey's most desired secured GATED COMMUNITY. Don't let the age of this building fool you. It's a WELL MAINTAINED 1325 SF CORNER UNIT offers spacious living areas w/ a massive balcony the same length of the unit! Homes offers TONS OF STORAGE all throughout the home & an OVERSIZED laundry room. Enjoy the library, workshop, exercise room, or wind down in the sauna, billiard room, or recreation area. Comes w/1 secured PARKING & STORAGE LOCKER. Well managed & proactive strata. Accessible location where you're a 15 min walk to either Surrey Central or King George SkyTrain Station. 10 min walk to Surrey Central Mall, Wal-Mart, T&T, Winners, Best Buy, Starbucks, SFU Campus, Surrey Memorial Hospital, Holland Park, Green Timbers, & public library. SCHOOLS: Lena Shaw Elem & Guildford Park Sec. OPEN: SAT/SUN JUN 29/30, 1-3 PM. (id:48205)

2 Bedroom 2 Bathroom 1325 sqft
For sale Open House
$599,000
902 13398 104 AVENUE, surrey, British Columbia

902 13398 104 Avenue

Surrey, British Columbia

Welcome to University District by Bosa in the heart of Surrey City Centre. Open new concept flexible layout, 752 sf plus 50 sf ext. of 2 bedrooms with Den &2 full baths, corner unit with south west facing, lots of nature lights with city view. One bedroom w/ Queen size wall-bed can be transformed into a larger living room. Kitchen island has hidden 8 seats dining table; love seat in the family room can be converted to a single bed if needs. Stylish &unique master bedroom renovated as Japanese Tatami. Hi-end S.S. appliances and quartz countertops well maintained. 1 EV parking+1 Locker. Amenity: Full equipped gym and outdoor rooftop garden w/ BBQ grill & firepit. Walking distance to T&T, shops, Skytrain, SFU, City Hall, library & parks. open house: June 29(Sat)&June 30(Sun)@2-4pm (id:48205)

2 Bedroom 2 Bathroom 752 sqft
For sale
$599,000
907 9887 WHALLEY BOULEVARD, surrey, British Columbia

907 9887 Whalley Boulevard

Surrey, British Columbia

Unbeat Location! Welcome to this luxury high rise Park Boulevard by award-winning Concord Pacific development. Walking distance to T&T supermarket, surrey central, Walmart, SFU, Kwantlen and more shopping centers. King George Skytrain is at your footsteps. This SE facing 2 bedroom+ Den+ huge balcony, corner unit features gorgeous mountain, park, lagoon view in the heart of Surrey Center. Open floor plan w luxury finishing. Very convenient location with indoor swimming pool, hot tub, badminton court, gym, party room, concierge service, billiards table etc. Welcome to your landmark residence. Easy to show. Vacant (id:48205)

2 Bedroom 1 Bathroom 658 sqft
For sale Open House
$599,000
301 10707 139 STREET, surrey, British Columbia

301 10707 139 Street

Surrey, British Columbia

Come home to this beautiful 2 bed/ 2 bath unit at the highly sought after Aura II complex. This 875 SF home features an open concept floorplan providing both form+function, large picture windows offering an abundance of natural light and fresh paint throughout. Large master bedroom with ensuite and generously sized secondary bedroom, both with new carpets. Close to shopping, Skytrain, T&T market, SFU campus, Rec. Centre and with easy access to King George Blvd. 2 pets and Rentals allowed. Perfect home for first-time buyer or investor. Don't miss this incredible opportunity. Open House Sun, June 30, 2024 between 3 pm - 5 pm (id:48205)

2 Bedroom 2 Bathroom 875 sqft
For sale
$599,000
1903 10899 UNIVERSITY DRIVE, surrey, British Columbia

1903 10899 University Drive

Surrey, British Columbia

Vacant Unit, easy to show. Step into this renovated, spacious 2-bedroom corner sanctuary, boasting nearly 1200 square feet of luxurious living space. The heart of this abode lies in its generously proportioned living room and well-appointed kitchen adorned with gleaming stainless steel appliances. Nestled on the quiet side of the building, this unit offers unparalleled views of majestic mountains and meandering rivers, inviting you to unwind and soak in the natural beauty that surrounds you. Amenities includes clubhouse, exercise room & sauna. Super convenient location, only steps away from Gateway Sky Train station, Shopping Centre and Whalley Athletic Park. Call to book your private showing today! (id:48205)

2 Bedroom 2 Bathroom 1174 sqft
For sale
$599,000
312 13428 105 AVENUE, surrey, British Columbia

312 13428 105 Avenue

Surrey, British Columbia

Welcome to University District built by well known BOSA. 2-bedroom, 1-bath residence conveniently located near the Skytrain station, SFU, parks, restaurants & Surrey center shopping mall. Built-in AC, a spacious balcony with mountain views, modern Italian kitchen with premium appliances. The kitchen island serves as a dining area with an exten TABLE. Floor-to-ceiling windows provide lots of natural light. One parking & storage included. Enjoy resort-style amenities like a gym, outdoor pool, party rooms, bike pavilion, games room, and play areas. A new home warranty adds peace of mind. Live in luxury at University District! Open house on June 16 (Sunday) from 2-4pm. (id:48205)

2 Bedroom 1 Bathroom 691 sqft
For sale
$599,000
1808 9981 WHALLEY BOULEVARD, surrey, British Columbia

1808 9981 Whalley Boulevard

Surrey, British Columbia

Park Place II, an exquisite offering by Concord Pacific. Perched on the 18th floor, this unit boasts unparalleled Southwest-facing views, floor-to-ceiling windows flooding the space with natural light. This 2 bed, 1 1/2 bath unit has new flooring, sleek kitchen adorned with Corian countertops, stainless steel appliances. Recent updates include, Samsung washer, shower glass, convenient wardrobe additions, paint, and blinds. Luxury knows no bounds with amenities such as a 24-hour concierge, steam room/sauna, fully-equipped gym, bowling alley, all adding to the allure of this residence. Conveniently located adjacent to King George station and Holland Park, with easy access to SFU Surrey Campus and Central City. Showing June 15th and 16th 3pm-4pm by appointment only. (id:48205)

2 Bedroom 2 Bathroom 769 sqft
For sale
$599,000
301 10289 133 STREET, surrey, British Columbia

301 10289 133 Street

Surrey, British Columbia

Welcome to Olympic Court located in the heart of Surrey City Centre. Greeted by a spacious entrance, walk through the hallway & into a kitchen that features quartz counter tops & stainless-steel appliances for your daily use. This end unit has lots window that provide natural light & open concept design. A private balcony to enjoy year around. The master bedroom features ensuite bath, & walk through closet. Additional home features include shining floors, in suite laundry, & 2nd large bedroom. Building is a safe gated community & 5 min walk to both Elementary & High schools, shopping mall, Surrey Central & KG Skytrain station and Rec Centre. Enjoy nearby multiple parks & playgrounds. Walking distance to 2 big universities. Open house June 8 and 9 from 2-4. Offers June 11 by 5pm. (id:48205)

2 Bedroom 2 Bathroom 894 sqft
For sale
$599,000
107 11077 RAVINE ROAD, surrey, British Columbia

107 11077 Ravine Road

Surrey, British Columbia

Modern 2BR 2BTH City Centre condo. Built by Quadra Homes, this inviting home is the perfect blend of style & efficiency. The bright & open kitchen boasts stainless steel appliances w/ a gas stove, granite counters & an island. Oversized windows illuminate contemporary laminate floors drawing you toward a private, courtyard-facing patio secluding you from the hustle & bustle of the city. Relax in sunlit bedrooms & well-appointed bathrooms w/ primary bed offering a walk-in closet. With secured underground parking, Ledgeview also features enviable amenities incl. rooftop access showcasing views of the water, city & mountains, play area, community garden plots, landscaped grounds, meeting room, lounge & gym. Steps to Gateway Station & a few short minutes to shopping, grocery & major routes. (id:48205)

2 Bedroom 2 Bathroom 754 sqft
For sale
$599,000
C302 9848 WHALLEY BOULEVARD, surrey, British Columbia

C302 9848 Whalley Boulevard

Surrey, British Columbia

Welcome to Balmoral Court, ideally located near the Skytrain in a secluded cul-de-sac. This spacious 2-bedroom, 2-bathroom home awaits your personal touch. The living room features a cozy gas fireplace and balcony access. The primary bedroom is generously sized for a king bed and includes a walk-in closet and full ensuite. Building amenities include an exercise room and a party room. With secure parking and pet-friendly policies, everything you need is within walking distance. Easy to Rent in this Area. Rented now approx to $3000. Schedule a private showing. (id:48205)

2 Bedroom 2 Bathroom 926 sqft
For sale
$599,000
E511 13858 108 AVENUE, surrey, British Columbia

E511 13858 108 Avenue

Surrey, British Columbia

ASSIGNMENT OF CONTRACT. The RADLEY by West Fraser Developments. This 5th-floor northwest corner unit Featuring 1 bedroom + 1 den, 1 bathroom, and 627 square feet of living space. Enjoy floor-to-ceiling windows, a modern kitchen with quartz countertops and stainless steel appliances, and a versatile den. Includes 1 parking spot. Building amenities include a fitness center, work-study room, entertainment room, and fireside lounge. Steps to GATEWAY Skytrain station, schools, parks, and shopping centers. Expected completion Summer 2024. Don't miss out on this great opportunity! Contact us for more details. (id:48205)

1 Bedroom 1 Bathroom 627 sqft
For sale
$599,000
#605 10333 133RD STREET, surrey, British Columbia

#605 10333 133rd Street

Surrey, British Columbia

Highrise in Melrose!! by ML Emporio Properties, in the Heart of Surrey Downtown. This high end 1-Bed & 1-Bath apartment graced w/high ceilings, large windows & wide plank flooring.The kitchen is well-appointed w/ sleek, two-toned cabinetry, & stunning quartz countertops. Masters of the culinary arts will feel at home w/Fulgor Milano appliances & a chef-inspired gas cooktop. Est.Completion in Fall 2024. Breathtaking mountain & water views, luxurious interiors, solid craftsmanship & landmark architectural design. Ideally located in a walkable & amenity-rich City Centre. Melrose offers the perfect blend of fresh, contemporary living & wise long-term investment. Walking distance to skytrain, SFU, KPU, Douglas College, T&T, surrey central shopping etc. Assignment of Contract. Includes 1 parking stall and 1 bike stall. (id:48205)

1 Bedroom 1 Bathroom 562
For sale
$599,000
707 13428 105 AVENUE, surrey, British Columbia

707 13428 105 Avenue

Surrey, British Columbia

Located in the University District North Building by Bluesky Properties, this 610 sft 1-bedroom plus 1 den condo offers a comfortable living space and home office area, A/C and heat pump provide you constant temp for the year round. Amenities including concierge, fitness centre, spin cycle room, entertainment lounges, BBQ area, children play room and an outdoor swimming pool. close to SFU Surrey Campus and Shopping Centre with its diverse range of retail shops and dining options. Conveniently within a 6 minute walk from the Surrey Central SkyTrain station, University District North boasts excellent transit options. In addition, a street level bus stop is just a 2 minute walking distance and ease of travel.School catchment: Ecole K.B. Woodward Ele, Ecole Kwantlen Park Sec. (id:48205)

1 Bedroom 1 Bathroom 610
For sale
$599,000
3103 13325 102A AVENUE, surrey, British Columbia

3103 13325 102a Avenue

Surrey, British Columbia

Central location minutes walking distance to Surrey Central Mall and skytrain, Simon Fraser University in the Surrey Central Mall, library, recreation centre and restaurants. Million dollar view from 31st floor to Burnaby, New West and mountains, comes with stainless steel appliances and warranty, by the developer, laminate floor, quartz countertop in kitchen, soaker tub. Rental and pets are allowed with restrictions. (id:48205)

2 Bedroom 2 Bathroom 925
For sale Open House
$596,000
204 10721 139 STREET, surrey, British Columbia

204 10721 139 Street

Surrey, British Columbia

Well-renovated, super bright & spacious 2-bed, 2-bath Corner Unit offers nearly 1,200 sq ft of living space and overlooks the courtyard. Recent upgrades include Quartz Countertops in Kitchen and Bathrooms, Brand New Stainless Steel Appliances, Laminate Flooring and energy saving Lighting fixtures. The unit has very functional layout that features oversized bedrooms on opposite sides of the unit, a huge living room & dinning area illuminated by abundant natural light. The maintenance fee includes a gas fireplace. The unit comes with 1 parking & 1 storage. Centrally located,close to the SkyTrain, Surrey Cental & Guildford Mall. Forsyth Elementary School and Forsyth Park, just across the street. A great opportunity for those who seek value, comfort and convenience. A must-see unit! (id:48205)

2 Bedroom 2 Bathroom 1181 sqft
For sale Open House
$594,900
516 13969 96 AVENUE, surrey, British Columbia

516 13969 96 Avenue

Surrey, British Columbia

Experience life at your own pace. Oak & Onyx is close to shops, universities, and a beautiful park. It's also just a five-minute walk from the future new 140th Street SkyTrain station. This 2-bedroom plus den unit has large windows, a split-bedroom layout, high ceilings, Full BathRoom and a spacious interior. The kitchen features elegant quartz countertops, a functional island, two-toned cabinets, and Samsung stainless steel appliances. Enjoy indoor and outdoor amenities. The unit includes 1 parking space with an EV plug-in option, a storage unit, 1 bike stall, and a bike hall for charging e-bikes (check with strata to allocate the spot). Call for a private viewing today! (id:48205)

2 Bedroom 1 Bathroom 743 sqft
For sale Open House
$590,000
216 11077 RAVINE ROAD, surrey, British Columbia

216 11077 Ravine Road

Surrey, British Columbia

Welcome to Ledgeview by Quadra Homes offers modern 2-bed, 2-bath units near Gateway station. It's ideal for first-time buyers or investors.Amenitiesinclude a rooftop patio with BBQ, playground, and garden, plus a 5000 sq ft amenity room with a gym. No rental restrictions, and one parking stall ispre-wired for electric cars.Seize the chance to make this stylish unit your own, whether you're seeking a place to call home or looking tomake a savvyinvestment. Contact us today to schedule a showing and unlock the full potential of this remarkable property! OPEN HOUSE June 29, 2-4 pm. June 30 by appointment only. (id:48205)

2 Bedroom 2 Bathroom 775 sqft
For sale
$589,900
108 10237 133 STREET, surrey, British Columbia

108 10237 133 Street

Surrey, British Columbia

Welcome to your dream home in the heart of Surrey! This charming 2-bed, 2-bath haven offers a perfect blend of comfort and convenience. Step inside and be greeted by a spacious and inviting living area, ideal for entertaining guests or relaxing after a long day. The open kitchen boasts ample counter space and modern appliances, making meal preparation a breeze. Retreat to your serene bedrooms, each offering a peaceful sanctuary for rest and rejuvenation. Enjoy the convenience of two modern bathrooms, ensuring a comfortable experience for all. Embrace the outdoor lifestyle with a private patio, perfect for enjoying morning coffee or al fresco dining. With its desirable location and thoughtful design, this #home is an absolute must-see. Don't miss out on on this incredible opportunity! (id:48205)

2 Bedroom 2 Bathroom 889 sqft
For sale Open House
$589,000
403 13978 FRASER HIGHWAY, surrey, British Columbia

403 13978 Fraser Highway

Surrey, British Columbia

Opportunity Knocks! Nestled in Surrey's vibrant Downtown District. PRISTINE CORNER UNIT 1 bed + den meets bedroom standards spans 700 sqft offers a Spotless, SPA & ZEN-like ambiance. Central located, a short walk from Surrey Central & King George Skyrain stations, w/future growth assured by the upcoming UBC expansion & new skytrain line at your door step. Enjoy easy access to all routes w/ bus stop in front & nearby Hospital. SPACIOUS layout w/modern kitchen island & appliances. Private balcony offering lively CITY VIEWS. Proximity to shops, banks, restaurants & amenities ensures convenient & enjoyable living. Ideal for first-time buyers, investors, or those looking to downsize. The condo offers Pride of Ownership & Growth potential in a sought-after location. OPEN SUN, JUNE 30, 2-4 PM (id:48205)

1 Bedroom 1 Bathroom 700 sqft
For sale
$588,888
317 10688 140TH STREET, surrey, British Columbia

317 10688 140th Street

Surrey, British Columbia

Welcome to Trillium Living, a meticulously maintained one-bedroom plus den oasis. Its abundant natural light illuminates a sleek kitchen adorned with quartz countertops and stainless steel appliances. Enjoy the amenities - a recreation room, outdoor basketball court, and more. With a parking stall and storage locker included, it's an ideal choice for first-time buyers and savvy investors. Situated within walking distance to Surrey Central Expo Line, near SFU, KPU, the library, and surrounded by parks like Hawthorn Park and Cedar Grove Park, Trillium Living awaits to be your new home or investment gem. (id:48205)

1 Bedroom 1 Bathroom 621
For sale
$586,000
104 10866 CITY PARKWAY, surrey, British Columbia

104 10866 City Parkway

Surrey, British Columbia

"ACCESS" Welcome to this beautiful 2 Spacious Bedrooms, 2 Bath condo with 862 Sq Ft of modern living space on the ground level! Covered private patio, Large open living dinning and kitchen area. Situated 2 minutes away from Gateway Station on 108 ave and 134 st. Enjoy the convenience of an in-suite laundry and a pantry for storing all your essentials. Incredible amenities include an exercise center, a sauna and a party room! Nester's market is located right across for all your grocery needs. This unit includes one secured parking spot and a locker for additional storage space. Don't miss out on this excellent opportunity to own or invest in this condo that combines style with functionality! (id:48205)

2 Bedroom 2 Bathroom 862 sqft
For sale
$585,000
1701 10428 WHALLEY BOULEVARD, surrey, British Columbia

1701 10428 Whalley Boulevard

Surrey, British Columbia

Welcome to Ascent by Maple Leaf Homes and second to none thoughtful designs and details. Enjoy a generous layout focused on seamless design and functionality with thoughtful storage solutions, sleek integrated appliances, air-conditioning and a spacious balcony. This 31 storey concrete high rise is complete with a vertical village of amenities including fitness room, meeting and events room, Sun Terrace on Level 30 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 of November 2024. (id:48205)

1 Bedroom 1 Bathroom 724 sqft
For sale
$585,000
411 10661 137A STREET, surrey, British Columbia

411 10661 137a Street

Surrey, British Columbia

This stunning 1 Bed plus Den, 1-bathroom apartment spanning 640 sqft, being built by Red Brick, is located in the sought-after Surrey central area. The apartment boasts a 66 sqft balcony and one parking stall. It's conveniently located within walking distance to SFU/KPU, Surrey central mall, Skytrain stations, parks, and other amenities. The apartment features an open-concept floor plan with high-quality appliances and finishes. The building offers a rooftop garden, guest house, and gym, as well as a bike room. low deposit. (id:48205)

1 Bedroom 1 Bathroom 640 sqft
For sale
$585,000
107 10707 139 STREET, surrey, British Columbia

107 10707 139 Street

Surrey, British Columbia

Welcome to Aura 2! Investors & first-time buyers ALERT... Beautiful and bright 2Beds, 2Baths home in a well-maintained and family-oriented complex. This immaculate ground-level EAST-facing unit has a spacious layout with a generously-sized Outdoor Patio in a prestigious neighbourhood. Open-concept Kitchen with Island. Strong Start & Elem. School is just right across the street. Surrey Central Mall/ SFU Campus/Guilford Mall/Grocery Stores/ Parks/ Restaurants / Rec. Centers mintues away. Walking distance to public transit & Gateway Skytrain Station. Rentals allowed! (id:48205)

2 Bedroom 2 Bathroom 758
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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