Photo: Leoboudv · CC BY-SA 3.0Surrey sits 39% above British Columbia’s towns on home values
In figures: $1,000,000 for the median home in 2021, $720,000 for the middle of British Columbia’s towns. In 2023, 14,620 homes changed hands at a median price of $810,000, by Statistics Canada’s count. Assessors valued the median residential property at $1,310,000 for 2024.
What Surrey’s homes are worth, three ways
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders. These home values were given by owners themselves, in a census taken in May 2021.
median, owners’ estimate
- Average
- $1.1M
- Owners
- 128,910
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $970K
- ÷ buyers’ income
- 6.1×
- Buyers
- 14,620
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Surrey’s houses sit at 2.1 times British Columbia’s towns
Of Surrey’s 157,375 residential properties on the 2024 roll, 34% are detached houses and 20% are condos.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
22% of Surrey’s homes are condos, where British Columbia’s towns have 10%
185,670 occupied homes stood in Surrey in 2021, and single-detached houses made up 33% of them. At least half predate 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Surrey | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 22% | 10% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 12% | 4% | 3% |
| Households in core housing need | 15% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Surrey ran at 29.4 homes a year per 1,000, where British Columbia’s towns ran at 18.1
From 2018 to 2023, permits in Surrey created 31,037 homes, about 5,173 a year. Very few were houses: 4% in single-unit buildings (British Columbia’s towns: 27%).
A peak in 2019: 6,634 new homes
New homes a year per 1,000 homes
Down 11%: 26,358 new homes in the year to August 2026
The monthly permits numbers here cover the Vancouver metro area
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Surrey is 39% above the $720,000 median of British Columbia’s towns
254 of British Columbia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Surrey: Johnston Heights
The places around Surrey at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Surrey | $1M | $1.1M | 70% | |
| Sullivan | $1.2M | $1.17M | 71% | 1.6 |
| Fleetwood | $1.1M | $1.1M | 75% | 2.4 |
| Newton | $1.2M | $1.02M | 62% | 2.6 |
| Panorama Ridge | $1.1M | $1.18M | 72% | 3.9 |
| Surrey Centre | $1.05M | $1.12M | 81% | 4.6 |
| Johnston Heights | $645K | $810K | 68% | 4.9 |
Census 2021 values; km.
Questions about property prices in Surrey
How many households in Surrey are in core housing need?
More than most: 15% of households in Surrey, where British Columbia’s towns sit at 10%.
Is Surrey expensive for British Columbia?
More than most: British Columbia’s towns have a median of $720,000, and Surrey sits above it.
What is the average house price in Surrey?
The average sale was $970,000 in 2023, and at the median, buyers paid 6.1 times their income.
Can I see individual sales or prices by street?
No. Canada has no open register of individual sales; Statistics Canada publishes medians and averages by town only.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).