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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
$615,000
3207 13827 100 AVENUE, surrey, British Columbia

3207 13827 100 Avenue

Surrey, British Columbia

Gem of a location in the heart of Downtown Surrey. Discover urban living at its best with this fantastic 2-bedroom, 2-bathroom condominium boasting 943 sq. ft. of comfortable, modern amenities, and a superb location that will surely capture your heart. Recreation Centre comes with Squash Courts ideal for fitness freaks. Enjoy a Transit Score of 87 capture your heart. Recreation Centre comes with Squash Courts ideal for fitness freaks. Enjoy a Transit Score of 87 - an urban dweller's dream with excellent transit options. just a 9-minute stroll to the King George SkyTrain station, your daily commute has never been so convenient. Experience the best of city living with nearby dining, shopping, entertainment, and parks at doorstep. This listing has it all, ideal for a commuter/investor, or a buyer. (id:48205)

2 Bedroom 2 Bathroom 943 sqft
For sale
$614,999
528 13277 108 AVENUE, surrey, British Columbia

528 13277 108 Avenue

Surrey, British Columbia

Welcome to Pacifica! This 2 bed 2 full bath freshly painted top floor home is well laid out with a bright and open floor plan concept. Functional kitchen with S.S appliances and plenty of cupboard space high ceilings and a breakfast bar. Large covered balcony that backs onto a greenbelt, offering a peaceful and private setting. Master bedroom boasts a spacious walk-in closet, and a full ensuite bath. Short walk to Gateway Skytrain, parks schools, close proximity to SFU Surrey Campus, City Hall, Civic Plaza, City Centre Library, Central City Mall, and restaurants. Short drive access to Patullo or Port Mann Bridges and major hwys. Perfect for first time buyers or investors. Act now!!! (id:48205)

2 Bedroom 2 Bathroom 952 sqft
For sale
$608,000
2108 10448 UNIVERSITY DRIVE, surrey, British Columbia

2108 10448 University Drive

Surrey, British Columbia

Gorgeous mountain & city views, SE corner unit in university district, spacious one bedroom + den, better than new, very well kept and owner updated with curtains, den with closet and computer desk, nice furniture can be included. one underground parking and one storage locker. Great amenities: outdoor swimming pool, rooftop BBQ area, social lounge, meeting room, huge exercise centre, yoga studio and concierge service, great location close to transport, skytrain, SFU, Kwantlen Polytechnic, shops & restaurants. Don't mis this one! (id:48205)

1 Bedroom 1 Bathroom 678 sqft
For sale
$608,000
1608 10448 UNIVERSITY DRIVE, surrey, British Columbia

1608 10448 University Drive

Surrey, British Columbia

Centrally located, beautiful 1 bdrm & den (646 SF & 46 SF balcony) in university District South by BOSA Bluesky Properties. Features A/C & HRV unit for fresh air, Italian kitchen with woodgrain finish cabinets, integrated appliances, extending dining table that fits up to 10 people, composite stone countertops, durable laminate flooring & in-suite stacking laundry. Over 23,000 SF of resort inspired amenities including fitness centre, yoga room, meeting rooms, social lounge, outdoor pool, poolside dining terrace with fire pit, & BBQ area. Dog wash station, bike pavilion with storage, wash station, workshop & lockers & temp controlled parcel delivery area. Walking distance to City Hall, Skytrain, Public transit, shopping mall, restaurants, KPU, SFU & recreation centre. This is a must see! (id:48205)

1 Bedroom 1 Bathroom 646
For sale Open House
$600,000
3305 13438 CENTRAL AVENUE, surrey, British Columbia

3305 13438 Central Avenue

Surrey, British Columbia

Prime on the Plaza - Location is everything! Located in the heart of Surrey Central just steps from Surrey Central Skytrain Station, SFU Campus, Holland Park, Central City Shopping Centre, and stations away from future UBC campus. This stunning 2-bedroom, 1-bathroom corner unit offers breathtaking views of the city and mountains, making it a perfect home or investment property. Features S/S appliances, quartz countertops, and 2 built-in Murphy beds in both rooms. The exceptional amenities include a gym, yoga studio, massage room, sauna/steam room, entertainment rooms with kitchen, music room, study room, kids play area, and a rooftop patio and garden. Centrally located and just steps away from everything you need. Schedule your viewing today! Open House: June 29 & 30 2:00-4:00PM (id:48205)

2 Bedroom 1 Bathroom 608 sqft
For sale
$600,000
3706 9887 WHALLEY BOULEVARD, surrey, British Columbia

3706 9887 Whalley Boulevard

Surrey, British Columbia

Concord's Park Boulevard is located at Surrey's most centrally integrated transit community with just steps away from the Sky-Train; Surrey's Central Shopping Centre; Simon Fraser and Kwantlen Polytechnic Universities. This two bedrooms and one bathroom unit features a large balcony with a grand view of the city, a flex area next to the entrance, AC, ample storage space with Concord's signature custom-design drawer organizer. Unparalleled amenities include free access to business & fitness centers, swimming pool, tepidarium, sauna, indoor badminton, gym, sports lounge. (id:48205)

2 Bedroom 1 Bathroom 647
For sale
$599,999
1510 10626 CITY PARKWAY, surrey, British Columbia

1510 10626 City Parkway

Surrey, British Columbia

CORNER UNIT 2BED 2 BATHS ON 15th Floor with stunning view from balcony. Open layout, stainless appliances, extra-large windows, and laminate flooring & in Suite Laundry. Located in Central Surrey...walking distance to Surrey Central Mall and Gateway Sky train station, SFU, Forsyth Road Elementary school, high school. Furnished with lounge seating, BBQ area fitness, yoga centre, conference room. Perfect way to spend time with your family. Call Today for more information. (id:48205)

2 Bedroom 2 Bathroom 718 sqft
For sale
$599,999
501 13969 96 AVENUE, surrey, British Columbia

501 13969 96 Avenue

Surrey, British Columbia

Surrounded by nature, live at the sold out newly completed Oak and Onyx development - ideally located just 5min to the future 140 St SkyTrain station, SMH and a short walk to the lush Green Timbers Park. This 2 bed home boasts large windows with an ideal split bedroom layout and spacious interior. Chef inspired kitchen featuring elegant quartz kitchen countertops and backsplash, a functional island, two-toned cabinetry and s/s appliances. Unwind in indoor-outdoor amenity spaces including an outdoor courtyard for BBQ/dining, host gatherings in the party room offering a comfortable lounge and communal kitchen. Includes 1 parking, 1 storage locker & 1 bike stall. Open house July 16th 2-4. (id:48205)

2 Bedroom 1 Bathroom 680 sqft
For sale
$599,999
509 8695 160 STREET, surrey, British Columbia

509 8695 160 Street

Surrey, British Columbia

Embrace convenience and sunshine in the heart of Fleetwood! This south-facing top-floor condo, with two bedrooms and two bathroom, just two-minute walk from the future Skytrain station. It is perfect for small families or savvy investors. (id:48205)

2 Bedroom 2 Bathroom 747 sqft
For sale
$599,999
404 9830 WHALLEY BOULEVARD, surrey, British Columbia

404 9830 Whalley Boulevard

Surrey, British Columbia

Over 1050 SF, 2 bed 2 bath suite at the King George Park. Bright popular corner unit with beautiful natural light and good size balcony. Functional and open layout with large master bedroom, in suite laundry, and large windows throughout. Centrally located in the prime area of Surrey, close to sky train, parks, schools, library, shopping and restaurants. Perfect for investors or first time home buyers. This opportunity is not to be missed. Steps from King George Skytrain Station, mall, restaurants, library, community centres. Central yet quiet. (id:48205)

2 Bedroom 2 Bathroom 1051
For sale
$599,999
1409 13438 CENTRAL AVENUE, surrey, British Columbia

1409 13438 Central Avenue

Surrey, British Columbia

Welcome to Prime on the Plaza. Centrally located corner unit offers spacious living in the heart of Surrey! The 2bed/2bath unit offers open concept layout, 9' high ceilings, S/S Appliances, hardwood floors, & lots of windows for Natural light!! The amenities include a full gym, yoga studio, massage room, sauna, steam room, study rooms and more. Conveniently located just minutes walk away from Surrey Central Skytrain Station, Central City Shopping Mall, SFU, KPU, cafe's, Holland park and much more. (id:48205)

2 Bedroom 2 Bathroom 747
For sale
$599,900
103 15130 108 AVENUE, surrey, British Columbia

103 15130 108 Avenue

Surrey, British Columbia

Welcome to the popular sought after & problem free RIVER POINTE Complex. This is an exceptionally spacious 2bdrm 2 bath ground floor unit in a Quiet location within complex. This clean and well maintained unit boasts superb floor plan with large Kitchen loaded with cabinetry open to a huge great room with feature Gas fireplace and french door to a private patio with connecting door to a Large master BDRM with walk-in-closet & shower ensuite. The 2nd bdrm is also very large. Great amenities as well gym sauna hot tub and a spacious clubhouse this complex also has an on site caretaker. The gas fireplace is included in the strata fee. Amazing location is just steps to Guildford mall, schools, and incredible commuter access. Not many like this A 10 ! (id:48205)

2 Bedroom 2 Bathroom 1023 sqft
For sale
$599,900
127 15268 105 AVENUE, surrey, British Columbia

127 15268 105 Avenue

Surrey, British Columbia

Optimal & large 2 bedroom, 2 bathroom condo unit available in the highly sought-after Georgian Gardens in central Guildford! Bright and clean with laminate flooring, crown moulding, large European-style windows, and in-suite laundry. Uniquely, a wrap around balcony encircles the master bedroom and living room - great for barbequing or enjoying a relaxing cup of tea! The kitchen has ample storage and a spectacular view of the courtyard greenspace. Open living area includes dining room and living room which has gas fireplace and is thermostat controlled. Unit includes parking and storage locker. Walking distance to Guildford Town Centre, Guildford Library, Recreation, Aquatic, and Medical Center. This ordinary beauty won't last - inquire now!! (id:48205)

2 Bedroom 2 Bathroom 1151 sqft
For sale
$599,900
213 13468 KING GEORGE BOULEVARD, surrey, British Columbia

213 13468 King George Boulevard

Surrey, British Columbia

Location, location, location! Rarely found the bright TWO bedrooms&TWO Bathrm CORNOR unit of The Brookland in the desirable Northwest neighborhood of Surrey! SOUTHEAST facing, enjoy beautiful views of garden and the city view from your windows. Not beside the busy King George Blvd. Dreamful Floorplan offers two separate bedrooms leaves more privacy. Drinking High tea on Bright balcony. S/S appliances, granite countertops and Kohler fixtures. 2 pets allowed. Great amenities include a bike storage room, gym, clubhouse and meeting room. Minutes walk to Gateway Skytrain Station, SFU Surrey Campus, shopping mall, library, restaurant and recreation, etc. New Microwave, Washer and Dryer(2022). Lots of street parking on Gateway Dr&City Pkwy. Good choice for self-living or investor. (id:48205)

2 Bedroom 2 Bathroom 787 sqft
For sale
$599,900
102 19320 65 AVENUE, surrey, British Columbia

102 19320 65 Avenue

Surrey, British Columbia

Esprit at Southlands 2 bedrooms, 2 bath 835 sf corner unit! Bright & spacious condo offers an open concept plan gourmet kitchen w/eating bar, s/s appliances, granite countertops, lots of cabinets then the living area w/electric f/p, dng rm w/sliders to your private SE partially covered patio w/views of the greenbelt & walking trails. Wide plank laminate floors. Bedrooms on opposite sides w/large windows! 4 pc ensuite & 3 pc main bath. Storage locker located on the same floor, & 2 secure U/G parking stalls. Ceiling fans, updated light fixtures, wainscoting, 2' blinds, pets welcome! Great complex w/ exercise centre, & rec room w/kitchen. Walk to schools, shopping, cafes, restaurants, transportation, parks, & trails. (id:48205)

2 Bedroom 2 Bathroom 835 sqft
For sale
$599,900
303 6815 188 STREET, surrey, British Columbia

303 6815 188 Street

Surrey, British Columbia

Welcome to Compass!! - Very sought after complex and rarely for sale. Conveniently located in Clayton Heights, just steps away from all the restaurants, shops & recreation you need! Original owner & meticulously maintained. This 2 bed, 2 bath end unit has large windows allow for lots of natural light in the unit. Living area features a cozy electric fireplace. stainless steel appliances, granite counter tops, in-suite laundry and storage. Huge patio spacious covered sundeck for entertaining. This strata includes an amenity building with a lounge/party room for its residents use. Unit comes w/ 1 underground parking stalls. Easy to show (id:48205)

2 Bedroom 2 Bathroom 793 sqft
For sale Open House
$599,888
305 10707 139 STREET, surrey, British Columbia

305 10707 139 Street

Surrey, British Columbia

Welcome to Aura II! You'll fall in love with this bright and beautiful 2-bedroom, 2-full bathroom home located in a well-maintained, family-friendly complex. This unit features an open concept floor plan, a living area with extra large windows that let in ample natural light, a gourmet kitchen, a dining area, and a private balcony with mountain views-perfect for entertaining or relaxing. The location is very convenient: Forsyth Elementary School and Forsyth Park are right across the road, and shopping, the Skytrain, SFU campus, restaurants, and other amenities are all nearby. Situated on a quiet street in a family-oriented neighborhood. Rentals and pets are allowed.OPEN HOUSE SAT/SUN 29,30 JUNE (id:48205)

2 Bedroom 2 Bathroom 860 sqft
For sale
$599,888
104 6420 194 STREET, surrey, British Columbia

104 6420 194 Street

Surrey, British Columbia

Luxurious living at the Waterstone! This beautifully maintained garden level 2 bedroom, 1 bathroom PLUS den is move-in ready! This open concept home has stainless steel appliances & granite counter tops. Two well appointed bedrooms on opposite sides of the living room for added privacy. The master bedroom has a walk-in closet. Enjoy the evenings on your private patio. This home comes with 2 parking & 2 lockers. No need for a gym membership when you have 15000 square feet of amenities complete with a guest suite, indoor pool/hot tub, sauna, steam room, gym, lounge, games room, theatre room & a conference room. SHOWINGS BY APPOINTMENT. (id:48205)

2 Bedroom 1 Bathroom 899 sqft
For sale
$599,888
204 18755 68 AVENUE, surrey, British Columbia

204 18755 68 Avenue

Surrey, British Columbia

Introducing a charming 2-bedroom, 2-bathroom corner suite with an oversized covered patio located in the heart of Clayton Heights in the Compass building. With over 800 sq ft of living space, this condo offers in-suite laundry, stainless steel appliances & granite counter tops, access to a building clubhouse, and is conveniently situated near a variety of shopping outlets and amenities. You'll find Save on Foods, Starbucks, Shoppers Drug Mart, and numerous dining options just steps away. Don't miss out on the perfect blend of comfortable living and convenience. (id:48205)

2 Bedroom 2 Bathroom 813
For sale Open House
$599,800
501 6480 195A STREET, surrey, British Columbia

501 6480 195a Street

Surrey, British Columbia

Penthouse Condo in Salix Complex in desirable Clayton Heights. Spacious & Bright; Stunning finishings, 10' ceilings throughout, and light-coloured laminate flooring. Modern Kitchen features stainless steel appliances, a combination of white and wood cabinets, quartz countertops, and counter seating. Enjoy beautiful private north-facing exposure over green space with west evening sun. Amenities include Clubhouse/Amenities Room for parties, rentable guest suite, and exercise center. Centrally located near shopping, schools, transit, Willowbrook Mall, and more. Includes parking and a secure garage-style storage locker. Pet friendly. (id:48205)

2 Bedroom 1 Bathroom 794 sqft
For sale
$599,785
609 13380 108 AVENUE, surrey, British Columbia

609 13380 108 Avenue

Surrey, British Columbia

Welcome to this exquisite 2 BED, 2 BATH plus DEN condo in City Pointe! This corner unit boasts an open layout with floor-to-ceiling windows offering views of the mountains. The cleverly designed opposing bedrooms provide privacy, flanking the central kitchen with stainless steel appliances, a built-in oven, quartz countertops and a bright eating area. The versatile den is perfect for a home office. Commute with ease using the nearby SkyTrain at Gateway Station. Close to SFU, Kwantlen, Central City Mall, T&T Supermarket, City Hall, the library, rec centre and parks. This unit includes 1 underground parking stall, a storage locker, and in-suite laundry. Ideal for first-time buyers or investors! (id:48205)

2 Bedroom 2 Bathroom 785 sqft
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
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
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. Queen size wall-bed can be easily converted to a comfortable sofa. One bedroom 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. Must see! (id:48205)

2 Bedroom 2 Bathroom 752 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