Surrey

Surrey’s transformation from rural farmland to British Columbia’s second-largest city tells a story of relentless growth and opportunity. With nearly 570,000 residents spread across six distinct town centres, this sprawling municipality has become the economic engine that many Vancouver businesses didn’t see coming.

The numbers paint a compelling picture for mortgage professionals. Surrey’s population jumped 9.7% since 2016, far outpacing most BC communities, while maintaining a median household income of $98,000. That’s serious buying power in a market where single-detached homes still represent about one-third of the housing stock, despite rapid densification efforts.

What sets Surrey apart isn’t just its size—it’s the diversity of housing options that keeps mortgage brokers busy. From the high-rise corridors of Surrey Central to the acreage properties in South Surrey, the city offers everything from $400,000 condos to multi-million dollar estates. The mix includes 22.9% duplexes and 16.7% row houses, creating opportunities across multiple price points and buyer demographics.

Surrey’s economic foundation rests on practical industries that weather economic storms: retail trade, healthcare, construction, and transportation. The city’s position as a logistics hub, with major highways and rail lines converging here, has attracted massive warehouse and distribution operations. Amazon, FedEx, and countless other companies have planted flags here, creating stable employment for the 68.1% of residents in their working years.

The climate data reveals something interesting—Surrey’s hardiness zone improved 11.4% over recent decades, making it increasingly attractive for both agriculture and lifestyle buyers who want longer growing seasons and milder winters.

Currently, Tekamar’s maximum LTV in Surrey is 0.0%, reflecting our focus on smaller communities outside the Greater Vancouver area. For brokers working with clients in Surrey’s market, we’d recommend exploring our lending opportunities in nearby communities where Tekamar actively provides alternative financing solutions.

Surrey’s story continues to unfold as British Columbia’s fastest-growing major city, where opportunity meets affordability—at least by Lower Mainland standards.