Surrey

Surrey’s transformation from farmland to BC’s second-largest city tells a story of relentless growth and suburban evolution. With over 568,000 residents spread across six distinct neighborhoods, this sprawling municipality has become the poster child for Metro Vancouver’s eastward expansion.

The numbers paint a picture of a community in constant motion. Nearly 10% population growth since 2016 reflects Surrey’s magnetic pull for families seeking more space without abandoning urban conveniences. The housing mix reveals this perfectly—while single-detached homes still claim about a third of the market, the abundance of duplexes, row houses, and low-rise apartments shows a city adapting to density without losing its suburban character.

Surrey’s economic foundation rests on practical pillars: retail, healthcare, construction, and transportation. These aren’t glamorous sectors, but they’re recession-resistant and reflect a community built on essential services rather than speculative bubbles. The proximity to Vancouver International Airport and major shipping routes through the Port of Metro Vancouver keeps the economic engine humming.

What sets Surrey apart is its role as Metro Vancouver’s family headquarters. The median age of 38.4 years and strong representation of working-age residents creates a community focused on mortgages, schools, and long-term stability rather than short-term speculation. The SkyTrain extension has only accelerated this trend, making Surrey an increasingly viable alternative to Vancouver’s astronomical housing costs.

The city’s six town centers—from the urban core of Surrey Central to the heritage charm of Cloverdale—offer variety within a single municipality. This isn’t just suburban sprawl; it’s a collection of distinct communities that happen to share municipal boundaries.

Tekamar currently maintains a maximum LTV of 0% in Surrey, reflecting our focus on communities outside the Greater Vancouver area where our specialized lending approach creates the most value for brokers and borrowers alike.