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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
$1,838,000
9889 HUCKLEBERRY DRIVE, surrey, British Columbia

9889 Huckleberry Drive

Surrey, British Columbia

Don't miss out on this stunning, brand-new home in Fraser Heights! The main floor offers a cozy family room with a fireplace, a welcoming living room, and a bedroom with a full bath. The kitchen boasts stainless steel appliances, quartz counters, and a stylish island. Upstairs, you'll find four bedrooms and three baths, ideal for the whole family. With a double garage and fully finished basement featuring a recreation room, additional bedroom, and full bath, there's plenty of space for everyone. Conveniently situated near schools and parks, with easy access to Highways and public transit. Don't let this opportunity pass you by! (id:48205)

7 Bedroom 6 Bathroom 3418
For sale Open House
$1,835,000
16777 85A AVENUE, surrey, British Columbia

16777 85a Avenue

Surrey, British Columbia

Palatial 8BR 4BTH Fleetwood residence. Sitting atop a tastefully landscaped lot with an expansive driveway, this 3,758 SQFT home welcomes you with soaring, vaulted ceilings & oversized picture windows. Guests will naturally gravitate to the granite-topped island while you prepare gourmet meals in the chef-inspired kitchen boasting s/s appliances & rich cabinetry. Nature meets comfort in your generous, private backyard featuring a massive wooden deck shaded by towering trees. A grand staircase leads to spacious, sunlit bedrooms with primary bed offering a walk-in closet & spa-like ensuite while additional room on the main & separate entry 2BR+den 1BTH below creates multiple living options. Centrally located near schools, grocery, a future Skytrain station & minutes to shopping & Highway 1. (id:48205)

8 Bedroom 4 Bathroom 3758
For sale
$1,825,000
9289 125 STREET, surrey, British Columbia

9289 125 Street

Surrey, British Columbia

Well kept beautiful home on approximately 7731 square feet lot close to all levels of schools. This beautiful house has 8 Bedrooms, 4.5 baths & approximately 3742 Square feet of living space over 2 floors with walk out Basements. Upstairs has 4 bedrooms, 2.5 bathrooms and a huge games room.Ground levels has two suites (2 bed+2 bed) as a mortgage helpers. This house comes with a double garage and lots of outside parking. (id:48205)

8 Bedroom 5 Bathroom 3742
For sale Open House
$1,799,000
15979 101A AVENUE, surrey, British Columbia

15979 101a Avenue

Surrey, British Columbia

Enter into this generously renovated 6-bedroom, 4-bathroom residence nestled in Guildford, boasting dual levels of living space and two basement units-a spacious 2-bedroom, 1-bathroom suite, and a separate studio suite, offering flexibility and potential rental income. Upstairs, the primary suite provides a serene retreat with its private ensuite and ample closet space, while two additional bedrooms cater to various needs, whether for family members or home office use. This completely renovated home features all-new windows, bathroom, kitchen, flooring, paint, light fixtures, and a new roof. TB for showings (id:48205)

6 Bedroom 4 Bathroom 2482
For sale
$1,799,000
9022 145A STREET, surrey, British Columbia

9022 145a Street

Surrey, British Columbia

Located in the highly sought after Green Timbers neighborhood of Surrey, this beautiful home has been renovated and updated to offer exceptional living. Situated on a spacious lot of approximately 7400 sqft on a quiet street, the house features an open floor plan with a generously sized living, dining and kitchen area. Upstairs, there are 3 bedrooms and 2 full bathrooms, while the basement includes 2 separate suites of 2 bedrooms each, both with their own laundry facilities. The entire property is currently rented to great tenants. The backyard has been thoughtfully landscaped and includes high mature hedges for complete privacy. The central location of the property offers easy access to schools, shopping, transportation and the local recreation center. Don't wait, act fast!! (id:48205)

7 Bedroom 5 Bathroom 2808
For sale
$1,799,000
7052 194 STREET, surrey, British Columbia

7052 194 Street

Surrey, British Columbia

Brand new home in East Clayton featuring 6 bed and 6 bath. Open concept perfect for entertaining. Featuring, living, dining, family rooms + office, durable dust free laminate floors throughout. Full Kitch and Wok with smart appliances + full bath on main & attached 2 car garage + large Driveway. Upstairs 4 bed & 3 bath. Bsmnt 1 BR legal suite w/ laundry rough in, and one bed unauthorized suite. Home features large windows, upscale blinds. featuring designer light fixtures + quartz counters throughout. High ceilings 12' living, 10' main floor 9' upstairs & 8' basement. Radiant heating throughout. Rough in for AC, vacuum, camera, security . Located in a desirable community, near Katzie Elemetary and new Clayton Community Cent. (id:48205)

6 Bedroom 6 Bathroom 3170
For sale
$1,799,000
10192 177 STREET, surrey, British Columbia

10192 177 Street

Surrey, British Columbia

This executive custom built home features 8 spacious bedrooms and 7 Baths. Separate dinning space, family and living room, and extra spacious kitchen with rich wood cabinetry. Two walk out suites (very rare to find) with potential to bring in great income. The home is freshly painted, has air conditioning, and the flooring has already been upgraded so all you have to do is move in! This one is not one to miss especially in this sought out area. The home is located on a private street and just minutes away from highway 1 and the prestigious Pacific Academy. Home shows well!! (id:48205)

8 Bedroom 7 Bathroom 3963
For sale
$1,789,000
12538 97B AVENUE, surrey, British Columbia

12538 97b Avenue

Surrey, British Columbia

Custom built 2 storey 3,980 sq ft custom home on large sq.ft. lot. Very convenient location. Very impressive entry with indoor waterfall and custom built fireplace. Huge kitchen and Wok kitchen. Lots of granite and custom woodwork in open concept kitchen that is great for entertaining. Upstairs 5 bedrooms plus 4 full baths. Mortgage Helper 1 Bedroom Suite with separate entrance. CLOSE TO SHOPPING, TRANSIT, CEDAR HILLS ELEMENTARY SCHOOL, LA MATHESON, KHALSA SCHOOL, KWANTLEN PARK (FRENCH EMERSON) AND QUEEN ELIZABETH SCHOOL. Custom high end landscaping, amazing yard front and back! MUST SEE! Call now for private viewing. (id:48205)

6 Bedroom 6 Bathroom 3980
For sale Open House
$1,789,000
16670 85 AVENUE, surrey, British Columbia

16670 85 Avenue

Surrey, British Columbia

This charming 7 bed & 4bath residence is nestled in a peaceful cul-de-sac & boasting an expansive 4,124 sq ft of living space. This property features a bright entrance w/ high ceiling, a living room & a formal dining room. A spacious kitchen w/ maple cabinets, S/S appliances & storage. The cozy family room comes w/ a gas fireplace, perfect for relaxing evenings. Step outside to the private backyard, complete w/ a covered patio, providing a tranquil setting for outdoor gathering & BBQ. 4 specious bedrooms up & 1 bedroom on the main for added convenience. 2 bedroom basement suite is great for extra income or in-law suite. Recently updates:new roof, new countertops, fresh painting, flooring, all blinds and much more. Conveniently located near schools, parks, transit,& shopping. (id:48205)

7 Bedroom 4 Bathroom 4124
For sale Open House
$1,788,000
10365 174 STREET, surrey, British Columbia

10365 174 Street

Surrey, British Columbia

Welcome to this Executive, Custom built gem situated in beautiful Fraser Heights. This lovely house sitting on a 6300+ sq ft lot w/ over 4400+ of living space and a 2 bedroom legal basement suite renovated and with Separate Entrance. Home Features include double height ceilings, custom millwork, beautiful moldings, triple glazed energy save windows, laminate flooring, granite countertops, stainless steel appliances and a spice kitchen. Bedroom on the main floor with full washroom and powder and a bonus home office. Upstairs features 4 spacious bedrooms w/ 3 full washrooms. Basement includes a home theatre with a wet bar great for entertaining & a 2 bedroom basement suite great for that mortgage helper. This will not LAST! (id:48205)

7 Bedroom 7 Bathroom 4491
For sale
$1,788,000
11295 132 STREET, surrey, British Columbia

11295 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295 &11299 132st land assembly ("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view. With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential within a premium, sought-after location in North Surrey , with the potential to yield a designation to support low and medium density residential. The densities range up to 72 units per hectare (30 units per acre), 1.0x FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suites , providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,788,000
11299 132 STREET, surrey, British Columbia

11299 132 Street

Surrey, British Columbia

To present the unique opportunity to acquire 11295& 11299 132st land assembly("the Site"), an exceptionally well-located residential redevelopment site with Mountain and water view . With 133.9 feet of frontage along 132 street. Prominently situated beside the Secondary plan of the city Centre Plan of Surrey. This development opportunity offers the high potential to build multi-family residential with a premium, sought-after location in North Surrey, with the potential to yield a designation to support low and medium density residential. The densities' range up to 72 units per hectare( 30 units per acre), 1.0 X FSR density after rezoning coordinate the neighborhoods. The Site is currently improved with rental suits, providing stable holding income during the redevelopment process. (id:48205)

6 Bedroom 3 Bathroom 2052
For sale
$1,775,000
12133 100A AVENUE, surrey, British Columbia

12133 100a Avenue

Surrey, British Columbia

Welcome Home. This beautiful fully renovated home has had 200k in upgrades done in the last two years. From the windows and multiple balconies you have views of the river, city and beyond. This home sits on a corner lot with two driveways. All upgraded appliances and open layout perfect for entertaining. 1 bedroom on the main and three more upstairs. New heating system, stone driveways, exterior paint, gutters, custom garage door, custom front doors, professionally Landscaped w koi pond & Hot tub. The downstairs is currently a large 1 bedroom air bnb bringing in almost 40k per yr with its own laundry. (id:48205)

5 Bedroom 4 Bathroom 3354
For sale
$1,750,000
14895 FRASER HIGHWAY, surrey, British Columbia

14895 Fraser Highway

Surrey, British Columbia

Investor Alert! Buy now and hold for Potential Land Assembly. Stage 1 Fleetwood Plan. Low Rise or higher. Located in popular Fleetwood close to all amenities on future potential Surrey to Langley Skytrain route. House is still in good condition featuring 3 bedrooms on the main and 2 bedroom down. Call for more details. (id:48205)

5 Bedroom 3 Bathroom 2600
For sale
$1,750,000
9137 MALCOLM PLACE, surrey, British Columbia

9137 Malcolm Place

Surrey, British Columbia

Fully and beautifully renovated house in high demanding area. 4 bedrooms, 3 bathrooms,living room kitchen upstaris use and two bedroom and one bedroom suite downstaris for mortgage helper. close to both levels of schools and shopping centre.House incluedes,New floor,new kitchen,new roof, new driveway, quartazs counter tops,S/S appliances,brand new bathrooms. Great location walking distance to Robertson Drive Park.Walking distance to wall mart on 88th ave. easy to see,call for an appointment. (id:48205)

7 Bedroom 5 Bathroom 3177
For sale Open House
$1,749,900
14193 MELROSE DRIVE, surrey, British Columbia

14193 Melrose Drive

Surrey, British Columbia

EXECUTIVE FAMILY HOME IN DESIRABLE BOLIVAR HEIGHTS NEIGHBOURHOOD! The main floor features soaring ceilings and large windows inviting plenty of natural light. Appreciate 2 gas fireplaces, luxurious in-floor radiant heating, hardwood flooring and a gourmet kitchen with wood cabinetry, quartz counters and sleek appliances. Relax with the flexibility of a mortgage helper with private entrance or in-law suite! Upstairs are 4 sizeable, en-suited bedrooms with plenty of closet space. Appreciate 2 levels of covered outdoor space for year round enjoyment and fenced yard for pets and gardening! Centrally located close to schools, parks, Guildford Mall and easy access to transit routes, Highway 1 and Pattullo/Port Mann Bridge. ***OPEN HOUSES SAT & SUN MAY 4 & 5 2-4PM*** (id:48205)

5 Bedroom 5 Bathroom 2845
For sale Open House
$1,749,888
7124 192 STREET, surrey, British Columbia

7124 192 Street

Surrey, British Columbia

Like New 2021 Built Home (NO GST) with 7 Beds & 6 Baths in Desirable Clayton area. Stunning Home features 1 Bedroom and Full Bath on Main Floor, modern Kitchen with high end appliances, large island, Spice Kitchen with gas stove & pot boiler and cozy Family Room. Upstairs comes with 4 spacious Bedrooms, 2 Walk-in closets and 3 Full Baths & Laundry room. Lots of Big windows throughout the home to bring natural light. 2 Bed MORTGAGE HELPER, and Media Room with Bathroom downstairs. Big Double garage & driveway with extra street parking. This home exhibits custom features, exquisite materials, unique design elements & quality craftsmanship. Walking distance to schools, public transit, parks, shopping, and easy access to Hwy. This Home has it all. OPEN HOUSE Apr 27/28th Sat/Sun 2-4PM (id:48205)

7 Bedroom 6 Bathroom 3216
For sale
$1,749,888
8499 156A STREET, surrey, British Columbia

8499 156a Street

Surrey, British Columbia

Well maintained, three level split home is situated on a quiet cul-de-sac in a great neighbourhood. Beautiful Brazilian cherry wood flooring in the living & dining rooms. Kitchen with centre island & eating area, family rm with gas fireplace & french doors to the partially covered west facing rear deck. Laundry on the main with sink. Up are the primary bdrm with 5 pc ensuite, inc soaker tub, large shower & walk-in closet, 2 addtl bdrms & 4 piece bathroom. Down is a bright basement with windows all around, massive rec room & summer Kitchen. Very easy to suite. Hot water in floor heating for a cozy basement & AC in the bedrooms for the cool summer nights. Garage - 100 amp panel & RV plug in. Flat lot is beautifully landscaped w/ inground sprinklers. Ready for you to move in! Open Apr 14, 2-4 (id:48205)

3 Bedroom 4 Bathroom 2994
For sale
$1,749,000
7758 169A STREET, surrey, British Columbia

7758 169a Street

Surrey, British Columbia

Sought after single house in FLEETWOOD, the fast growing community along the Fraser Hwy in Surrey. Within walking distance to the future skytrain station & Surrey Public Golf Course. This beautiful 3 level FOXRIDGE HOME features high ceilings, hardwood floors, granite counters, and quality stainless appliances. luxurious Master bedroom has its own balcony and 5 piece ensuite. Fully finished basement with family room, games room, guest room, full bath and flex room/office area. The seperate entrance makes it easy to be converted to a rental suite. Study/office on the main provides the possibility of work from home. Practice your putting in your own fenced back yard while enjoying the green and BBQ on the huge covered deck. This is where you call home sweet home. (id:48205)

4 Bedroom 4 Bathroom 3357
For sale
$1,749,000
9427 161 STREET, surrey, British Columbia

9427 161 Street

Surrey, British Columbia

IMMACULATELY MAINTAINED inside and out with absolutely nothing for you to do other than to enjoy life. Buy PEACE OF MIND with roof, gutters, skylights, majority of windows, & hot water tank all replaced. Buy COMFORT with newer appliances, flooring, bathroom & kitchen renovations, built-in vacuum, alarm system & central air conditioning. Enjoy OUTDOOR LIVING with a 324 sqft patio with new rubber patio coating, patio cover for year round enjoyment, natural gas connection, large yard, vegetable garden, & storage shed. This over 2900 sqft home has large bedrooms, a home office, tons of storage, spacious laundry room, formal and informal living areas & abundant natural light. A short walk to all levels of school and many trails and parks close by. Easy access to the freeway & close to shopping. (id:48205)

4 Bedroom 3 Bathroom 2904
For sale
$1,749,000
9814 157 STREET, surrey, British Columbia

9814 157 Street

Surrey, British Columbia

Welcome to this beautiful renovated family home on Guildford. This one of a kind 5 beds, 2.5 baths, 2875 sq.ft. of living space on 7060 sq.ft. lot. Home is covered with tons of wood panel and Paneled ceilings. Enjoy cooking in a gourmet kitchen with lots of storage, granite counter top and SS appliances. Room for a large family with a massive living room, one bedroom, a family room and a large covered deck beside the family room on main floor. Tank-less instant hot water system, and heat pump/air conditioning system that always ensures perfect comfort. 4 generous size bedrooms, 2 full bath and laundry room on the top floor. Private fenced yard and a double attached garage. Call today for your private showing. (id:48205)

5 Bedroom 3 Bathroom 2875
For sale
$1,748,888
14164 89A AVENUE, surrey, British Columbia

14164 89a Avenue

Surrey, British Columbia

Welcome to this beautiful two level well maintained home which is perfect for any family. On the main floor there is a great sized living room and dining with 3 bedrooms and 2 bathrooms. There is a 2 bedroom unauthorized basement suite which provides a great mortgage helper. The home sits on over 8,000 Sq Ft lot which is great for a family that requires additional parking and yard space. This home has been well-maintained: Fresh paint and new stainless steel appliances. Catchment Schools : Creekside elementary & Queen Elizabeth secondary (id:48205)

5 Bedroom 3 Bathroom 2370
For sale Open House
$1,725,000
12792 113B AVENUE, surrey, British Columbia

12792 113b Avenue

Surrey, British Columbia

WELCOME TO THIS FANTASTIC WELL KEPT HOME IN VERY CONVENIENT LOCATION. Like a Brand new home this home features 6 Bedrooms,5 Bathrooms on a corner lot. House is still under New Home 2-5-10 Years warranty. Main floor have a very spacious Kitchen with Maple kitchen cabinets, Granite counter tops, Family room with gas fire place, Primary room with full ensuite, Powder room, Radiant Heat, Stainless steel Appliances.2 Master bedrooms. 2 Bedroom Basement suite and Double Garage. Very private fenced back yard. View of mountains from upper floor. Walking distance to schools, Park, Bus and Skytrain. Easy access to all major routes. Don't Miss this one. Open Sun May 5, 2024 from 2-4 pm. (id:48205)

6 Bedroom 5 Bathroom 3084
For sale
$1,699,989
14927 KEW DRIVE, surrey, British Columbia

14927 Kew Drive

Surrey, British Columbia

Fully renovated beautiful home sitting on aprrox 8250 sq. ft. lot. This home come with 3 bed 2 bath with open concept kitchen for upstairs use and below has 2 mortgage helpers (2 bed and a bachelor suite). The home comes with lot of upgrades brand new floor, brand new paint, brand new LG stainless steel appliances, Brand new windows, Brand new hot water tank, new security camera's and so many more upgrades. Big windows for lots of natural light and huge drive way for ample of parking. Currently home is being used as an Air BNB and generating more than $6,000 monthly just from upstairs. Must see before it's gone. Call for more informations. (id:48205)

5 Bedroom 4 Bathroom 2100
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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