Surrey: BC's Real Estate Haven
Getting to know Surrey Real Estate with ULIX Real Estate
Surrey is on the boundary between Canada and the United States, and between Delta and Langley. It is primarily a suburban metropolis, and is the third-largest city in terms of both size and population in the province, after Abbotsford and Prince George.
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The Fast Growing Surrey Real Estate Market
Surrey is one of the most ideal living areas in BC. In Surrey, you are very close to a lot of areas in Greater Vancouver. The closest you can be to a wide area of countryside peace and a lively city atmosphere. Surrey is trending up in the right way. Surrey is reportedly one of the most reasonable places to live in the Lower Mainland. Out of 17 areas in Greater Vancouver, Surrey is ranked:
- 10th Most Expensive
- 11th Fastest Selling
- 8th Fastest Growing
- 14th Highest Turnover
The city is characterized by low population density urban sprawl, which is typical of North American cities and contains residential neighbourhoods, light industrial zones, and commercial centres and is prone to strip development and malls. The Agricultural Land Reserve, which can only be utilized for farming, makes up about 2,465 hectares (6,091 acres) or 27% of the total land area. There are a lot of hills and flat areas in the city, with most of the flat areas being in Tynehead, Hazelmere, the area south of Cloverdale, and Colebrook.
Property Benchmark Price - Oct 2022 Report
- Detached House - $1,500,000
- Townhouse - $850,000
- Condo - $514,000
Exploring Surrey Real Estate
Even though Surrey real estate and city size might be large, you can find it still has a friendly, small-town atmosphere. Perhaps it’s the sense of strong community, civic pride, or Surrey's distinct neighbourhoods.
Surrey is a very diverse area in BC, it spans the Fraser River all the way down to the American border. With access to Boundary Bay and other surrounding communities. It is a vastly growing area where real estate opportunities grow rapidly, with new developments in every corner. After all, isn't that what a huge city is? Neighborhoods, localized areas, familiar and beloved places... all carefully tucked away, like parts of a huge puzzle. Let's explore Surrey real estate by getting to know the neighbourhoods!
North Surrey's City Centre is evolving into a pedestrian, transit-oriented downtown. There is a wonderful balance of commercial, cultural, and recreational activity. Simon Fraser University, Kwantlan Polytechnic University, and Surrey City Hall are all located in the City Centre. There are four SkyTrain stations, part of the Expo line, that come into the city. There are multiple parks and shopping locations in the City Centre.
Cloverdale is a small hick town which combines older and more modern neighbourhoods, where the present and the future collide. In Cloverdale you will find the Museum of Surrey, a historic main street, and many athletic parks. The Cloverdale Rodeo and Country Fair is an annual event held in the neighbourhood. The largest Canada Day celebration in Western Canada is held there as well.
The central neighbourhood of Fleetwood is in northern Surrey, accessible along Fraser Highway. Fleetwood is one of Surrey’s more new and developed neighborhoods. Filled with parks, restaurants, shops, and recreation options in this neighbourhood, which is largely residential. The Surrey Sport & Leisure Complex and the Fleetwood Community Centre are located in Fleetwood. Another adjacent park, Fleetwood Park, has lovely gardens and scenery.
A fast growing neighbourhood in east Surrey near Highway 1 and the Port Mann Bridge. Guildford mall is the second-largest shopping centre in the province. Guildford also has two sizable recreation facilities. There are several eateries and natural walks including Tynehead Park. It's a very centralized area in Surrey, very close to Surrey Central, and a quick drive south of Coquitlam.
Newton is a very centrally located area in Surrey, it is the most populated town centre in Surrey and is a multi-cultural area. The Newton Seniors Centre, Newton Cultural Centre, and future Newton Community Centre are all located here. The Bell Performing Arts Centre, a sizable accessible playground, and coastline vistas may all be found in Newton. One of the biggest Vaisakhi Parades outside of India draws over 400,000 people to Newton each year.
Beautiful mountain and coastal views may be seen in South Surrey. Crescent Beach, huge forest areas, and two US border crossings can all be found in South Surrey. Newton expands down to Highway 10, separating the residential area from the hilly farmland. The South Surrey Athletic Park is frequently visited by artists, people who enjoy water sports and athletes. There are also several historical places nearby, including Historic Stewart Farm.
One of Surrey's oldest communities, is located around City Centre in North Surrey. It is easily accessible by the Pattullo Bridge, and King George Highway. It has Whalley Athletic Park and Bear Creek Park, both of which are close to the Surrey Arts Centre. Rising business and residential high buildings can be found in Whalley. Additionally, there are research centres, a busy transit hub, and a ton of strollable shopping malls in this area.
The Demographics of the City of Surrey
Basics of Surrey’s Demographic Profile
When it conducts its Census of Population every five years, Statistics Canada gathers demographic data. Further research was conducted on Surrey's demographic data by the Planning and Development Department of the City of Surrey. This helps produce a number of topic-based fact sheets on Surrey's communities. The fact sheets that follow demonstrate how the communities have changed over time and how the city stacks up against regional averages for Metro Vancouver.
Ethnicity
Surrey’s Diversity reflects its large immigrant population.
- India: 37.1%
- Philippines: 11%
- China: 8.4%
- United Kingdom: 4.4%
- Fiji: 4.1%
Surrey, home to 22% of Metro Vancouver's immigrants, experienced a significant population growth between 2011 and 2016. With 36,335 new immigrants, its immigrant population grew by 17.2%, and overall population by 10.6%, surpassing Metro Vancouver's growth rates and marking the highest increase in any B.C. municipality.
The Communities in Surrey
The locations depicted on the map below correspond to the 6 communities and City Centre of Surrey's demographic data. The following Surrey communities have detailed community profiles available: Whalley, City Centre, Guildford, Fleetwood, Newton, Cloverdale, and South Surrey. Each profile contains information about the local population, family composition, immigration, population of Native Americans, housing, income, education, labour force participation, and commute to work.
Different Lifestyles Scenes in Surrey
For new immigrants, the west coast of Canada is a favoured destination. If you have plans to take a look at the Surrey real estate market, or other regions in BC, moving will be a very significant life choice.
Surrey is a fantastic place for newbies to visit. Immigrants from the Asia-Pacific region love it. It is a stunning region of the country with a pleasant climate, is close to Vancouver, and is primarily suburban. Additionally, in British Columbia, the ocean and mountains are never far away. But in contrast to other Canadian provinces, it is a pricey city.
Only 23 kilometres separate Surrey, the second-largest city in terms of population in British Columbia, from Vancouver Centre. Additionally, housing costs are lower than in Vancouver. As a result, many people opt to reside in Surrey and commute to Vancouver as needed for employment.
Get Connected with the Schools in Surrey
There are a lot of educational options in Surrey for children and youth, as well as for post-secondary and continuing education. The Surrey real estate options make it easy to access schools nearby.
Post-Secondary Education in Surrey
Surrey has many post-secondary options and continuing education. including Simon Fraser University, Kwantlen Polytechnic University, Sprott-Shaw College, Stenberg College, West Coast College of Health Care, and others. The most prominent of these schools is Simon Fraser University, ranked Canada's number one comprehensive university by Maclean's Magazine. It offers a variety of programs at their Surrey campus in the faculty of Sciences, Applied Sciences, Education, Business, Communication, Interactive Arts & Technology and Social Sciences.
Elementary to High School
The Surrey School District number 36, was established in 1906, has the most students enrolled in the province today with 71,838 and is one of the few districts that is expanding. A board of seven trustees that are elected by the general public oversees it. The district provides services to Barnston Island, a rural area, as well as the communities of Surrey and White Rock.
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