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Surrey’s City Centre has experienced remarkable growth, boasting an 18% increase in population between 2011-2016. Despite this surge, it remains one of the most affordable places in Metro Vancouver. The City Centre is known for its accessibility, diverse amenities, and parks, creating a welcoming and walkable community for residents.
As of January 2020, Surrey’s City Centre has become a focal point for major development initiatives. Over 65 applications are underway, representing an impressive 23,000 units and 1,500,000+ square feet of retail and office space. This commitment to growth underscores the city’s dedication to creating a dynamic urban landscape that caters to the increasing demand for housing and commercial spaces.
Furthermore, Surrey’s City Centre serves as a prominent educational hub, housing campuses of major universities and colleges, including Simon Fraser University (SFU), Kwantlen Polytechnic University (KPU), Douglas College, Sprott Shaw College, and Stenberg College. This educational presence contributes significantly to the area’s vibrancy and enhances its appeal as a dynamic and inclusive community.
Surrey, renowned for its welcoming atmosphere, boasts a diverse community, with over half of its population, about 57.8%, identifying as visible minorities, totaling around 300,000 residents.
As new families continue to migrate, the real estate landscape in Surrey is poised for a gradual appreciation in home prices over time, reflecting the growing demand and the city's appeal as a preferred residential destination.
“City of Parks,” it has 600 parks and 277 trails and walkways. Residents of this city can enjoy hiking, biking, bird watching, and outdoor sports.
Surrey stands out as the most sought-after area for newcomers and families, thanks to its vibrant cultural diversity. The city’s welcoming atmosphere and inclusive community make it an attractive choice for those seeking a diverse and enriching living experience.
In addition to its cultural richness, Surrey’s downtown area is poised for substantial growth, promising a dynamic and flourishing future. This urban development contributes to the city’s overall appeal, providing residents with a blend of convenience, accessibility, and modern amenities.
As the demand for housing in Surrey continues to rise, there’s a noticeable surge in new construction projects, particularly in the form of townhouses and condominiums. These developments not only address the growing need for housing but also contribute to shaping Surrey as a contemporary and thriving residential hub.
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Century 21 Coastal Realty LTD
Unit 105 7928 128 Street
Surrey, BC, V3W 4E8
M: (778) 321-0074
O: (604) 599-4888
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