Cheap Houses and Condos for Sale in Surrey

Listings last updated 01/18/2021
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Finding cheap houses for sale in Surrey, BC

Get instant access to a lot of relevant information about Surrey, BC real estate, including property descriptions, virtual tours, maps and photos. Point2 gives you far more than a simple list of cheap houses for sale in Surrey, BC, as the search results pages also have a lot of information on Surrey, BC, right below the listings. Among the deep filtering functions on Point2, you can use Surrey, BC real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 194 cheap houses for sale in Surrey, BC

Use the map view to find Surrey, BC cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Surrey, BC. Visit the Point2 blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

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Positioned an hour away from Vancouver in Southern British Columbia, Surrey is one of the most diverse cities in Canada offering a great quality of life and a mild, West Coast climate. Situated in the Metro Vancouver area, Surrey has a population of over 500,000 people and is within close proximity to the mountains, the ocean, and Downtown Vancouver. The climate is much different to the rest of Canada, and the city enjoys wet, mild winters, and hot, rarely humid summers. Snow can be found in the nearby mountains, but seldom settles in the city in the colder months.

Surrey has a very diverse population comprising a mix of different ethnicities. Nearly half of the population is made up of ethnic minorities, notably South Asian, Korean, Filipino and Chinese. After English, Punjabi is the most commonly spoken language, followed by Hindi, Mandarin and Tagalog.

Surrey enjoys a thriving real estate market, with many buyers moving away from Vancouver and towards areas outside of the city, including Surrey. Surrey offers a range of different properties, from large luxury ranches and waterfront homes, to more affordable condos in family-friendly communities. Surrey’s main areas include South Surrey/ White Rock, Cloverdale, Fleetwood, Guildford, Whalley and Newton.

Popular areas in Surrey include: Cloverdale, Fleetwood, Guildford, Newton, South-Surrey, Whalley and White-Rock.

Surrey, British Columbia

Surrey, British Columbia
real estate market overview

Real Estate Market Overview

Located just an hour from Vancouver and accessible by public transit, Surrey is an attractive place to live and buyers are taking advantage of its proximity to the city and its larger lots of land and more affordable housing prices. Surrey, along with the rest of the Metro Vancouver area, has seen a big uplift in real estate in the last couple of years, which has been largely driven by international investors. However, since the introduction of the Foreign Buyer Tax in 2016, housing prices have stabilized and the market is beginning to balance out. Surrey now has a healthy level of inventory creating favourable conditions for buyers and choice on the market.

Surrey is starting to see more development in real estate and new home starts, largely driven by a low supply of resale homes and its growing population. Many people who desire homeownership are moving away from Vancouver, which is much more expensive, and are opting for areas like Surrey which offer lower prices. Although the last couple of years have caused prices in Metro Vancouver to skyrocket, the market is now much healthier, and a condo or apartment can be purchased for around $249,000. Single-detached homes are generally more expensive, with the benchmark price averaging around $849,000. The 15% Foreign Buyer Tax impacted homes in the wealthier areas, and luxury properties at the higher end of the market.

real estate market overview

Cheap Real Estate Market Overview

Surrey offers a cheaper alternative to real estate in places like Downtown Vancouver, North Vancouver, and Burnaby, as Surrey offers greater value for money and more affordable housing. The North Surrey area is affordable for first-time buyers and those looking to enter the property market, and it has easy access to the Trans-Canada Highway so is a great location for those who commute to Vancouver or the Fraser Valley Area.

Areas that boast more affordability in North Surrey include Guildford, Royal Heights and Bridgeview, where the benchmark price for a condo is around $244,000. Single-detached properties are less affordable than condos, averaging around $821,000, which is why first-time buyers and young families generally opt for condos as their first home. The North Delta area, which is 20 minutes outside of Downtown Surrey, and is closer to Downtown Vancouver, also boasts cheaper real estate with condos averaging around $202,000.

The Central Surrey area is also well priced and there is a high inventory of condos and townhouses for sale. Generally, properties here are resale and slightly older, and are well priced for first-time buyers. Affordable areas in Central Surrey include Panorama Ridge, Sullivan Station, and Fleetwood.

cheap real estate market overview

Read more about living in Surrey, British Columbia.

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