Photo: waferboard · CC BY 2.0Panorama Ridge sits 53% above British Columbia’s towns on home values
In figures: $1,100,000 for the median home in 2021, $720,000 for the middle of British Columbia’s towns. Statistics Canada counted 14,620 buyers in 2023, paying a median $810,000. Panorama Ridge shares its sale prices, assessed values, values by property type and building permits numbers with the rest of the city of Surrey.
Three ways to price a home in Panorama Ridge
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways. Owners gave those values at the May 2021 census; they are estimates, and older than today’s prices.
median, owners’ estimate
- Average
- $1.18M
- Owners
- 7,120
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale, wider area
- 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).
A detached house in Surrey is assessed at 2.1 times the middle of British Columbia’s towns
Assessors listed 157,375 residential properties in Surrey for 2024, 34% of them detached houses and 20% 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.
50% of Panorama Ridge’s homes are from 2001 or later, against 24% for British Columbia’s towns
At the 2021 census, 39% of Panorama Ridge’s 9,950 occupied homes were flats in a duplex. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Panorama Ridge | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 10% | 10% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 16% | 4% | 3% |
| Households in core housing need | 14% | 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.
Building ahead of British Columbia’s towns: 29.4 new homes a year per 1,000 in Surrey, against 18.1
Surrey issued permits for 31,037 new homes from 2018 to 2023, or about 5,173 a year. Multi-unit buildings took most: single-unit ones were just 4%, where British Columbia’s towns built 27%. Figures for monthly permits are published for the Vancouver metro area as a whole, not for Panorama Ridge alone.
Most in 2019: 6,634 new homes
New homes a year per 1,000 homes
Slowing: 26,358 new homes in the 12 months to August 2026, 11% fewer
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.
Panorama Ridge is 53% 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 Panorama Ridge: Strawberry Hill
Next to Panorama Ridge: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Panorama Ridge | $1.1M | $1.18M | 72% | |
| Colebrook | $1.8M | $1.83M | 84% | 2.1 |
| Sullivan | $1.2M | $1.17M | 71% | 2.7 |
| Strawberry Hill | $650K | $912K | 64% | 3.1 |
| Newton | $1.2M | $1.02M | 62% | 3.2 |
| Fleetwood | $1.1M | $1.1M | 75% | 6.1 |
| Brownsville | $1.2M | $1.12M | 58% | 6.7 |
Census 2021 values; km.
Questions about property prices in Panorama Ridge
Is Panorama Ridge expensive for British Columbia?
More than most: British Columbia’s towns have a median of $720,000, and Panorama Ridge sits above it.
How many households in Panorama Ridge are in core housing need?
In Panorama Ridge, 14% of households are in core housing need, against 10% for British Columbia’s towns: their home costs too much, is too small or needs major repairs, and nothing suitable nearby costs under 30% of their income.
Can I see individual sales or prices by street?
Only in total: Statistics Canada releases each town’s median and average sale and its number of buyers, never a single sale.
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).