The City of Surrey is the largest city by land area and the second most populated in Metro Vancouver. It lies between the Fraser River and the United States border. In addition, the city is home to Peace Arch Provincial Park, which marks the start of the world’s most extensive uninterrupted border between Canada and the United States.
The city’s population was estimated at 568,322 in 2021, with a growth rate of 9.7% from 2016, ranking it as the fourth fastest-growing City in Canada and the first in British Columbia. Surrey’s City Centre population is estimated at 33,600 and is expected to surpass 70,000 by 2041.
Surrey’s development has hovered around $1.5 billion per year since 2015 before experiencing a significant spike in 2019. Over those years, over 10 million square feet of commercial and industrial space have been added, with over 23,000 housing starts, including rental properties and units.
Over the past ten years, over 12 billion in new construction has occurred in Surrey, with 12.5 million square feet of new residential, commercial, and institutional space built in the City Centre since 2000.
As a locally owned and operated Rental Management Company, Korecki Real Estate Services has the necessary experience, local staffing, and digital management solutions to ensure smooth and proficient operations of your Surrey rental condo or investment property.
We welcome the opportunity to provide you with a free, no-obligation Rental Management Proposal for your Surrey condo or investment property.