As Surrey's population grows, it will outnumber the homes available. You can take advantage of Surrey's economic growth while it is still developing and start building your generational wealth.
1. 12,000 new residents calling Surrey home, per year. There are over 1,000 new people coming to Surrey every month and there just aren’t enough homes to house them. In 2022, there were only 3,549 apartment housing starts in Surrey. That means there was a shortfall of about 9,000 homes needed. (Source: 2021 Census Data)
2. 10,000 UBC students coming to Surrey. Over 25% of the city’s population is under the age of 20. With a strong workforce, UBC’s 135,000 square feet campus will welcome over 10,000 new students. In addition, SFU’s brand new medical school in Surrey will train the next generation of doctors, opening its doors in 2026. (Source: UBCtoday.ubc.ca - UBC expanding presence in Surrey with $70M land acquisition)
3. 0.6% Lowest vacancy rate in Metro Vancouver. Surrey has one of the lowest vacancy rates across Metro Vancouver, offering an unbeatable investment in an area with rising property values. In 2022, rental rates for 1-bed apartments were $1,983 (+17% y/y) and 2-bed apartments were $2,585 (+28% y/y). These rates are expected to rise as housing supply is unable to meet the growing demand. (Source: Surrey.ca and Zumper.com)
4. +33% 5-year price appreciation. Historically, Surrey has experienced one of the highest price growths in the lower mainland, with an astronomical +33% 5-year price appreciation. (Source: FVREB.ca January 2023 Statistics Package).
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