Who would know that a drive to the second largest fastest growing city in the province of British Columbia could change your life?
From beautiful parks to great shopping experiences, art galleries to golf courses and large parks, Surrey offers everything you can imagine to make a happy and enjoyable living experience. It is expected to be the leading city in residential real estate investment in the next five years.
A booming economy and strong population growth have led Surrey to be in the top ten BC cities for housing market growth. The city of Surrey is undergoing tremendous economic development and opportunities for growth with more than 16,800 active businesses across industries and a six percent growth in businesses in the last three years. The numbers are only expected to increase in the years ahead.
Surrey’s real estate market will thrive and outnumber other communities in the Fraser Valley region in the next five years. 1,000 new residents come to Surrey each month, and the population of this city is set to surpass Vancouver’s by 2041. Thanks to Surrey’s top ranking, it is attracting a lot of new and first-time buyers to the city.
The amenities and lifestyle are not the only offerings; it is far more affordable and budget-friendly in comparison to the neighbouring Metro Vancouver. Sales are always on the rise as the demand for real estate in the region is sky-rocketing.
October 2017 witnessed the second highest level sales for condos and attached homes, for the first time in the 96-year history of Fraser Valley Real Estate Board. Apartment activity was notably strong in October 2017 with a sales-to-actives ratio of 105 percent, which means that apartments were selling as fast as they were listed. 1800 homes changed hands in the region in the same month, which was 23 % higher than the year 2016.
To sum it up, Surrey has enormous growth potential as 4500 new households are expected to be created by 2022, setting a standard for understanding what Surrey has to offer soon, making it the ideal place to live, enjoy life and prosper.
Thinking about moving to Surrey? I can help! Call: 604 218 9000
