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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
$584,900
103 9765 140 STREET, surrey, British Columbia

103 9765 140 Street

Surrey, British Columbia

Walk to the hospital and Skytrain! Check out this bright and spacious 2-bedroom, 2-bathroom CORNER UNIT condo on the QUIET SIDE of the building at Fraser Gate!  The main living space features a gas fireplace and is soaked in natural light thanks to a large bay window and sliding glass door out to the spacious balcony. Easy to take the dog out through the fire exit just outside your front door! Updated SS dishwasher, fridge, and washer, dryer, paint, and laminate flooring throughout.  The kitchen is ready for your updates. Guest washroom was renovated from top to bottom and enjoys a glass-enclosed shower. The corner primary bedroom enjoys his and hers walk-through closets and a four-piece ensuite. Steps to Surrey Nature Park, Green Timbers Urban Forest, Schools, Hospitals, Shopping + more! (id:48205)

2 Bedroom 2 Bathroom 978 sqft
For sale
$581,000
1905 9675 KING GEORGE BOULEVARD, surrey, British Columbia

1905 9675 King George Boulevard

Surrey, British Columbia

An exclusive investment or live-in opportunity to reserve this large luxurious 1 bed plus den with only $10,000 deposit, in the sold out Belvedere presale! Prime location with SMH, King George SkyTrain and the future UBC Surrey campus right outside your doorstep! Walking distance to Holland Park, Central City Mall, City Hall, SFU Surrey, restaurants and cafes. Premium Fulgor Milano appliances in the kitchen includes gas cooktop, wall oven and custom two-toned cabinetry. Large 135sf balcony off the 25th floor! Indulge in over 32,000 sf resort-style amenities including 2 guest suites, onsite daycare, gym with separate yoga studio, rooftop indoor/outdoor lounge, 24h concierge and more! Includes 1 parking, 1 bike locker, A/C. Pets/Rentals allowed. Move in Summer 2024 (id:48205)

1 Bedroom 1 Bathroom 515 sqft
For sale
$579,900
3008 9981 WHALLEY BOULEVARD, surrey, British Columbia

3008 9981 Whalley Boulevard

Surrey, British Columbia

Priced Below BC Assessment Value!! Stunning Views of mountains and city from the 30th floor!! This lovely 2 bedroom and 2 bathroom condo is located in Surrey Central and is close everything you need! Skytrain, transit, shopping and restaurants!! Nice open floor plan with floor to ceiling windows. Enjoy cooking with an open kitchen looking out at the incredible views. Granite counters and stainless steel appliances. Fantastic amenities include a gym, yoga room, meeting room, bowling alley and sauna. 24 hour concierge!! Pets allowed. One underground parking spot. #P2-576 (id:48205)

2 Bedroom 2 Bathroom 773 sqft
For sale Open House
$579,800
507 13768 108 AVENUE, surrey, British Columbia

507 13768 108 Avenue

Surrey, British Columbia

OPEN HOUSE SAT JUNE 29 BETWEEN 2-4 PM. Welcome to the VENUE! This TOP FLOOR Stunning 2 bedroom, 2 bathroom Condo boasts high ceilings and an open-concept living area with lots of natural light. Over 700 square feet of spacious living, this unit offers the perfect blend of comfort and convenience. Enjoy the best of city living with access to amazing rooftop amenities and a private gym, perfect for staying active and relaxed. The central location is close to both UBC and SFU campuses and just a short walk to the Skytrain. 1 Parking Included. Whether you're a Student, Professional, or Investor, this property offers a fantastic opportunity to own a piece of Surrey's vibrant real estate market. Don't miss out! (id:48205)

2 Bedroom 2 Bathroom 704 sqft
For sale Open House
$579,000
808 10448 UNIVERSITY DRIVE, surrey, British Columbia

808 10448 University Drive

Surrey, British Columbia

A Brand New 1 bedroom & a den unit built by the famous builder is up for sale. Price has been reduced by $50,000 and includes GST. This unit comes with the Island extender for up to 10 seat party. It is located right in the middle of downtown Surrey, a very convenient location, close to everywhere, steps to Surrey Central Skytrain Station, City Hall, Main Library, shopping malls, banks, restaurants, and etc. OPEN HOUSE: 2:00 PM - 4:00 PM on June 29 & 30, 2024. (id:48205)

1 Bedroom 1 Bathroom 678 sqft
For sale
$578,000
108 10822 CITY PARKWAY, surrey, British Columbia

108 10822 City Parkway

Surrey, British Columbia

ACCESS in Downtown Surrey. A great location steps away from necessities of life. 2 bedrooms and 2 full baths sitting on the ground floor, it feels like a one level town home because you can access the door from the gate outside the street. 1 Parking, 1 storage. Patio enclosed both the bedroom and the living room. Island in the kitchen is good for eating area when you have guests. You can create your own dining spot from the open space. This layout is popular for families who don't like to use an elevator. Across the street is grocery, bank, stores, and a few steps from GATEWAY SKYTRAIN STATION. (id:48205)

2 Bedroom 2 Bathroom 860 sqft
For sale
$577,000
1805 9675 KING GEORGE BOULEVARD, surrey, British Columbia

1805 9675 King George Boulevard

Surrey, British Columbia

PRESALE OF DEVELOPERS HOLD BACK UNITS. Discover a convergence of comfort and convenience in this 1 bed + den condo nestled in the heart of Surrey. Spacious 502 sqft interior space + 115sqft balcony, this unit is a testament of contemporary living, modern fixtures and appliances that promise a life of ease. 1 Parking stall &1 Storage Locker. Perfect for first time home buyer, investor, professional or young couple. Its strategic location offers unparalleled access to SFU campus, upcoming UBC campus, Surrey central mall, Surrey Memorial Hospital and short walk to King George skytrain. Future Surrey-Langley SkyTrain starts from King George skytrain AMENITIES : DAYCARE, BUSINESS CENTRE, FITNESS CENTRE, YOGA STUDIO & TWO GUEST SUITE. Estimated Completion summer 2024 (id:48205)

1 Bedroom 1 Bathroom 502
For sale
$574,888
103 10082 132 STREET, surrey, British Columbia

103 10082 132 Street

Surrey, British Columbia

Step into urban comfort with this stunning Ground Level 2 bed, 2 bath residence in Melrose Court, ideally situated in the heart of Surrey. Take advantage of its proximity to Surrey Central Mall, Skytrain access, an elementary school, and the scenic Holland Park, all just a short stroll away. Reasonable maintenance fees which includes management & hot water. A short walk to SFU, City Hall, Mall, Transit, pubs, shopping & more! Don't miss your chance to make this centrally-located retreat your own. Call Today !! (id:48205)

2 Bedroom 2 Bathroom 973 sqft
For sale Open House
$574,800
309 10720 138 STREET, surrey, British Columbia

309 10720 138 Street

Surrey, British Columbia

Welcome home to Vista Ridge! This top floor home boasts two large bedrooms and two full bathrooms across 1,073 SF. Nicely renovated kitchen, bathrooms, newer laminate flooring and paint make this home move in ready. Large living areas that can accommodate your house sized furniture plus a gas fireplace that is included in your reasonably priced maintenance fees. Well managed strata! Insuite laundry, one secure parking stall and one large private storage locker are included. Embrace this peaceful location while still relishing easy access to shops, transit and recreation. This is a very walkable neighborhood! Ideal for first time buyers, investors and downsizers! OPEN HOUSES: Saturday, June 29th from 3:00-5:00pm and Sunday, June 30th from 12:00-2:00pm! (id:48205)

2 Bedroom 2 Bathroom 1073 sqft
For sale
$570,000
2210 10777 UNIVERSITY DRIVE, surrey, British Columbia

2210 10777 University Drive

Surrey, British Columbia

Welcome to the Citypoint! A Corner Upper Floor Unit with Northeast facing.. Owner Occupied maintaned very well Spacious 2 bedrooms, 2 bathrooms & Den with panoramic mountain range view of the North Shore mountain, Mt. Baker & the Fraser River. Bright unit in natural light, floor to ceiling windows, and an open concept kitchen with S/S appliances. This building is conveniently located across from Gateway Skytrain Station. (id:48205)

2 Bedroom 2 Bathroom 745 sqft
For sale
$570,000
1401 10428 WHALLEY BOULEVARD, surrey, British Columbia

1401 10428 Whalley Boulevard

Surrey, British Columbia

Assignment of Contract. Welcome to Ascent - a striking new addition to the downtown Surrey skyline. This soon-to-complete air conditioned unit will feature 585sqft of meticulously designed living space. Enjoy the morning sun on a private 139sqft east-facing balcony. Located in the center of Surrey City Center - minutes from Surrey Central SkyTrain Station, SFU, T&T, City Central Shopping Centre, and an abundance of restaurants and essential amenities nearby. Building amenities include a rooftop sun terrace, fitness facility, social lounge, party room, coworking space, children's play area, dog run, and more! 1 parking & 1 bike locker included. Estimated completion Dec 2024 - Feb 2025. (id:48205)

1 Bedroom 1 Bathroom 585 sqft
For sale
$569,900
E112 10828 139A STREET, surrey, British Columbia

E112 10828 139a Street

Surrey, British Columbia

LIVE IN THE HEART OF SURREY City Centre and enjoy the convenience of all it has to offer while being surrounded by breathtaking mountains and stunning city views. The future 140 St Skytrain Station is within walking distance of your new home. This 1 bedroom + Flex home features an efficient layout and full size stainless steel appliance package. Includes 1 parking spot. Minutes to K-7 Forsyth Road Elementary & 8-12 É?cole Kwantlen Park Secondary. 5 Minute walk to Forsyth Park & Hawthorne Park & 2 Minute walk to the Nearest Street Level Transit Stop. (id:48205)

1 Bedroom 1 Bathroom 714 sqft
For sale
$569,600
2608 9675 KING GEORGE BOULEVARD, surrey, British Columbia

2608 9675 King George Boulevard

Surrey, British Columbia

**ASSIGNMENT OF CONTRACT ** This modern studio home features 8'6" ceilings, air conditioning, and premium Fulgor Milano stainless-steel appliances. INCLUDES (1) parking spot and (1) storage locker! Amenities include: 24 hour concierge, Sky Lounge, fitness studios, social lounges, work space and kids play area and onsite daycare centre - there is something for everyone. Live steps from Surrey Memorial Hospital, Holland Park, SFU, and Central City Shopping Centre. Enjoy easy access to King George SkyTrain Station for a quick commute to Downtown Vancouver. Enjoy the urban lifestyle Surrey City Centre has to offer All measurements must be verified if important to the Buyer and are deemed to be correct but not guaranteed. (id:48205)

1 Bedroom 1 Bathroom 468 sqft
For sale Open House
$569,000
L106 13555 GATEWAY DRIVE, surrey, British Columbia

L106 13555 Gateway Drive

Surrey, British Columbia

Welcome to EVO Lifestyle. 762 sqft 2-BDRM 2-BATH condo of stylish living space in revitalized Downtown Surrey Center. Private ground floor PATIO of interest to 1st-time home buyers w/small children &/or pets. Contemporary design has bright open layout w/ lots of natural light, S/S appliances, granite countertops, & tons of storage. Laminate flooring in KITCH, LVGRM and DNGRM. Carpeted BDRMs have privacy by being on opposite sides of unit. MBDRM has walkthrough closets leading to master ensuite. Includes in-suite laundry, & single underground parking stall. Unit has mountain view & is steps to Gateway Skytrain station, SFU, Shopping - Walmart, TNT, mall, restaurants & parks. Easy access to transport & Hwy 1. Rentals & pets allowed w/restrictions. Visit & get your offer in while available! (id:48205)

2 Bedroom 2 Bathroom 762 sqft
For sale Open House
$568,000
308 13688 100 AVENUE, surrey, British Columbia

308 13688 100 Avenue

Surrey, British Columbia

Looking for your first home? HERE! Set your eyes on this practical and spacious 2 bed 1.5 baths unit. East facing to Park Avenue towers. You want to live in this convenient and fast growing community without a doubt. Park Place 1 by concord Pacific is located at the hub of King George Skytrain, Holland Park, SFU, future UBC site, malls, T&T and Surrey Memorial Hospital. This well kept unit offers laminate flooring, stainless steel appliances. Where you can find another useful layout within this price range! Must come to see. 1 parking included. School catchments are Ecole Simon Cunningham Elementary, Queen Elizabeth Secondary. Open house Sat & Sun 6.29/6.30 2-4pm call NOW. (id:48205)

2 Bedroom 2 Bathroom 766 sqft
For sale
$568,000
617 10661 137A STREET, surrey, British Columbia

617 10661 137a Street

Surrey, British Columbia

This Beautiful 2 bed & 1 bath apartment on the top floor features an open-concept floor plan, complemented by high end appliances and finishes. The building itself offers several attractive amenities, including a rooftop garden, a guest house, a gym, and a bike room. The area is pedestrian-friendly, allowing residents to easily accomplish most errands on foot which Shopping, Forsyth Park, Restaurants, Gym and much more. Additionally, both Surrey Central and Gateway SkyTrain stations are within walking distance, ensuring excellent connectivity and ease of commuting. (id:48205)

2 Bedroom 1 Bathroom 622 sqft
For sale
$568,000
1401 13353 108 AVENUE, surrey, British Columbia

1401 13353 108 Avenue

Surrey, British Columbia

CORNERSTONE 2 | CORNER UNIT | 1 BED | 1 DEN (2nd BED) | 2 BATH | 2 PARKINGS |Built by Intrawest. Fantastic SE facing corner unit with over 850 sq.ft living space. Open concept living room with floor to ceiling windows. Enjoy 2 balconies with city view. Laminated flooring throughout. Nice U- shape kitchen with Newer Kitchen Appliances and Newer Hood. Large Master bedroom with large windows. Cozy GAS fireplace in living room. Strata Fees include GAS & HOT WATER. Resort style amenities include outdoor heated pool, indoor hot tub, sauna, gym, lounge and more. 2 min walk to Gateway Skytrain Station. Close to SFU, Kwantlen, Parks, restaurants, Walmart, T&T and much more. Walk score of 87 & Transit Score of 82. (id:48205)

1 Bedroom 2 Bathroom 854 sqft
For sale
$568,000
2009 13750 100 AVENUE, surrey, British Columbia

2009 13750 100 Avenue

Surrey, British Columbia

CORNER UNIT! Welcome to Park Avenue, one of Concord Pacific's landmark development in the heart of City Center. This gorgeous 2 bed / 1 bath unit boasts of UNOBSTRUCTED VIEWS of mountains to the north and city views to the west. Enjoy year round entertaining on your LARGE 120 sq.ft balcony while soaking in the day views and city lights. Highlights includes a gourmet kitchen with a gas cook top, quartz counter tops, elegant bathroom with modern fixtures, easy care laminate flooring and spacious bedrooms. The building boasts a host of amenities including a gym, outdoor pool, jacuzzi, meeting rooms, CONCIERGE, entertainment room with kitchen, SKY GARDEN and much more. This is just stone's throw away from KG skytrain station. A rare opportunity, don't miss out!! (id:48205)

2 Bedroom 1 Bathroom 655 sqft
For sale
$568,000
2101 10315 133 STREET STREET, surrey, British Columbia

2101 10315 133 Street Street

Surrey, British Columbia

ssignment of Contract! Don't miss the opportunity to live at this LA inspired luxury tower at the SOLD OUT Melrose presale. This one bedroom floorplan features a functional open layout with high 9' ceiling, sleek two-toned cabinetry, premium Italian Fulgor-Milano appliances w/gas cooktop, spa bathrooms. Ideally located in the West Village, a 5min walk to Surrey Central SkyTrain & Parks. Amenities: rooftop lounge, fully equipped kitchen w/ BBQ/outdoor pits, games room, children's play area, private co-work space, infrared sauna room, gym, yoga studio, spin room, outdoor tai chi studio. Includes one parking and one storage locker. PRICED TO SELL. (id:48205)

1 Bedroom 1 Bathroom 508
For sale
$566,777
206 9767 140 STREET, surrey, British Columbia

206 9767 140 Street

Surrey, British Columbia

Welcome to "Fraser Gate" in one of North Surrey's most desirable neighborhoods! This spacious 2 bed, 2 bath corner unit features over 1,050 sqft of living space including open large living/dining room area that can be used to entertain your guests. Placed on the quiet side of the complex facing greenspace this home offers privacy and great outdoor space on your spacious covered patio. Short walking distance to public transit Skytrain and Surrey City Centre you will find world class shopping, restaurants and grocery stores and more! Complex amenities include gym & party room that can be booked for private events. 2 underground parking stalls included. Don't miss this one, call today for a private viewing. (id:48205)

2 Bedroom 2 Bathroom 1050 sqft
For sale
$565,000
505 10428 WHALLEY BOULEVARD, surrey, British Columbia

505 10428 Whalley Boulevard

Surrey, British Columbia

Assignment of Contract. Welcome to Ascent, a remarkable high-rise A/C unit located at Surrey City Centre. This meticulously designed one bedroom, one den unit spans across 643 square feet of luxurious living space with balcony. Situated in close proximity to essential amenities such as Safeway, London Drugs, Save-on-Foods, Canadian Tire and T&T Supermarket. Ascent offers unparallel convenience. Moreover, it's strategic location near numerous universities and colleges makes it an ideal investment opportunity with high rental demand. The abundance of amenities including a kids playground. fitness centre, Dog Run, party room, co-working space and a roof garden. 1 parking & 1 bike locker included. Grey colour scheme. Estimated completion Dec 2024 - Feb 2025. (id:48205)

1 Bedroom 1 Bathroom 643 sqft
For sale
$560,000
439 13321 102A AV AVENUE, surrey, British Columbia

439 13321 102a Av Avenue

Surrey, British Columbia

LOCATION***LOCATION***LOCATION*** Set in the heart of Downtown Surrey .Fantastic Location just minutes to shopping , recreation , skytrain and Campus . West Coast style Living in Vibrant community of Downtown Surrey . Enjoy open Layout plan with plenty of Living space . This 2 bed & 1 bath gem will blow you away .2 Parking spots . 1 storage . South facing Balcony for Lots of sun all winter long . THIS WILL NOT LAST LONG - TO BE CONTACTED FOR SHOWING NOW . (id:48205)

2 Bedroom 1 Bathroom 729 sqft
For sale
$560,000
104 13428 105 AVENUE, surrey, British Columbia

104 13428 105 Avenue

Surrey, British Columbia

Welcome to University District by Bosa Properties in Surrey City Centre, where luxury meets convenience. This ground floor unit offers private patio with unbelievable convenience! Offering 1 bedroom & 1 bath, boasting 9 foot ceilings, an innovative extendable kitchen island, and a bonus foyer. This unit offers abundant of natural light, AC & premium finishes. Enjoy concierge services along with an extensive 23,000 sqft of amenities including business centre, gym, fitness studio, media room. (id:48205)

1 Bedroom 1 Bathroom 662
For sale
$559,900
2001 13495 CENTRAL AVENUE, surrey, British Columbia

2001 13495 Central Avenue

Surrey, British Columbia

Beautiful 20th floor 1 Bed 1 Bath corner corner unit with 9' ceiling at 3 Civic Plaza in the heart of Surrey Central. Gorgeous Panoramic NE views of the Coastal mountains, city and SFU skyline. High efficiency Geothermal heating/cooling system, European-style cabinets. Open concept kitchen with movable island, like new SS appliances and quartz counters. InSuite Laundry. Tons of natural light. Conveniently located within walking distance to Surrey Central skytrain station, shopping, dining, library, SFU and Holland Park. Comes with 1 Parking stall & 1 Storage locker. Attachd to the Marriott Hotel and KPU. Prado Coffee Bar & Dominion Restaurant in the lobby. 3 Civic Plaza has full concierge service for peace of mind and security. Don't miss out on this like new unit. Call for a private viewing. (id:48205)

1 Bedroom 1 Bathroom 614 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