Townhomes for Sale in Surrey, BC

The Fraser Valley Real Estate Board publishes a townhouse MLS® HPI benchmark for each of its four Surrey reporting areas every month, and those verified figures are in the table on this page with their reporting month and source attached. A benchmark is a typical-townhouse value for a whole reporting area. Where your own purchase lands depends on the complex's age, the unit's size, whether there is a garage, and how well the strata's finances have been kept.

The fee funds common-area maintenance, landscaping, and the corporation's insurance, and in most complexes it also feeds the contingency reserve. Ask for the actual monthly figure on the specific unit, the current reserve balance, and any special levy that has been proposed or already approved. A modest fee in a complex that has put off its roof or envelope work is not a saving. It is a bill with a later date on it.

In a conventional strata the corporation owns and maintains the building envelope, so roofing and siding are collective costs decided by collective vote. In a bare land strata you own the lot and the structure on it, and the corporation looks after common roads, services, and landscaping. That is why bare land fees are often lower, and it is also why a failing roof lands squarely on the owner. The strata plan and the disclosure documents tell you which arrangement you are looking at.

Two years of strata minutes, the depreciation report, the contingency reserve fund balance, the current bylaws, the strata plan, and any engineer's report the corporation has commissioned. Bylaws are where rental restrictions, pet limits, and age restrictions live, and any one of them can quietly cancel a plan you had for the unit. On a presale townhome the disclosure statement replaces most of that list, carrying the deposit schedule, the outside completion date, and the assignment clause.

The benchmark itself, read month over month, is a more reliable signal than any headline percentage. The current figure for each of the four Surrey reporting areas is in the table on this page with its reporting month attached, and the trend across recent months sits on market trends. Direction can differ between reporting areas within the same month, which is why a single statement about the whole city is usually wrong somewhere.

In the BC real estate market, the terms are often used interchangeably. A townhome is typically a multi-storey attached home with its own entrance and garage. A rowhome is similar but may be on a smaller lot with less yard space. Both are strata-titled and share common areas.

New homes built by a licensed residential builder in BC must carry third-party home warranty insurance unless they are specifically exempted. BC Housing sets the minimum coverage at two years on labour and material with some limits, five years on the building envelope including water penetration, and ten years on the structure (Source: BC Housing, Third-Party Home Warranty Insurance; accessed 2026-07-26). Those periods run from the date coverage starts, not from the date you buy, so on a resale of a recently built unit ask how much of each stage is left.