BC's second-largest city — neighbourhood guide, market overview and PTT calculator
Surrey is BC's second-largest city and one of Canada's fastest-growing, with a population over 600,000. Surrey offers relative affordability, rapid transit expansion (SkyTrain Surrey-Langley extension), and diverse neighbourhoods from the urban City Centre to quiet Cloverdale. It's a top destination for first-time buyers priced out of Vancouver, and a rising city in its own right with a new downtown, SFU Surrey, and a booming South Asian cultural scene.
2025 Surrey Market Overview
Property Type
Price Range (2025)
Notes
City Centre condos
$450,000–$750,000
Urban core, SkyTrain access, high density
Newton/Fleetwood detached
$1.0M–$1.6M
Established family neighbourhoods
South Surrey/White Rock
$1.2M–$2.5M+
Upscale, ocean views, retiree market
Cloverdale detached
$900,000–$1.4M
Small-town feel, good schools
New City Centre condos (pre-sale)
$500,000–$850,000
SkyTrain, SFU Surrey, young demographic
Best Surrey Neighbourhoods
City Centre: Surrey's urban core around SFU Surrey campus. Rapid densification, condos launching regularly. Best for investors and young professionals.
South Surrey/White Rock: BC's Riviera with ocean views, upscale dining, and a strong retiree and move-up buyer market.
Cloverdale: Heritage town feel with newer subdivisions. Excellent schools and community character. Underrated neighbourhood.
Newton: Established neighbourhood with a strong South Asian cultural hub and relatively good affordability for detached homes.
Fleetwood: Family-friendly area with the SkyTrain extension underway. Strong price appreciation expected post-2028.
BC PTT Calculator — Surrey
Property Transfer Tax Calculator
Enter your Surrey purchase price to calculate BC PTT
Surrey Buyer Tips
SkyTrain Surrey-Langley extension: Properties within 800m of new SkyTrain stations (opening ~2028) along the Fleetwood and Clayton corridors are likely to appreciate. Buy before station areas become fully priced in.
New build FTB exemptions: Many Surrey City Centre condos sell in the $500K–$835K range, qualifying first-time buyers for partial or full PTT new build exemptions — some of the best FTB value in Metro Vancouver.
Foreign Buyer Tax applies: Surrey is within the Metro Vancouver Regional District, so BC's 20% Additional Property Transfer Tax applies to foreign buyers. Add this to your PTT estimate above if applicable.
South Surrey school catchments: The Earl Marriott and Semiahmoo secondary catchments in South Surrey/White Rock are among BC's most sought-after, adding a premium to detached homes in the zone.
Better Banking for Surrey Buyers
KOHO offers no monthly fees and up to 5% cash back — ideal for Surrey first-time buyers maximizing their down payment savings.