Surrey The Future Lives Here

Top 10 Reasons to Invest in Surrey 

1. The #1 Place to Invest in BC

The Real Estate Investment Network ranked Surrey as ”the #1 place to invest in BC”, March 11, 2009  and “[One of the] top 10 places to buy in Canada” by the Financial Post, August 8, 2010.

2. Fastest Growing Municipality in BC

Surrey City Centre is located within the 2nd largest city in BC and 12th largest in the country. The region averages 1,000 new residents per month and hosts 48 per cent of the region's industrial land.

3. 500 Acres of Development Land Available

There are over 500 acres of development land available in Surrey City Centre.

4. Simon Fraser University Surrey Campus

Simon Fraser University’s new urban campus has over 5,600 students enrolled. They are now expanding their facilities with programs and research in health, science and technology.

5. New City Investment Action Plan

The City of Surrey has created a new investment action plan offering developers incentives and streamlining approval processes to encourage the build-out of Surrey City Centre.

6. Aggressive Tax Incentives

Surrey has the lowest property taxes and the second-lowest business taxes in Metro Vancouver

Business Development Projects (valued greater than $10M)

1. No property tax for 3 years
2. DCCs reduced by 30%
3. Deferred DCC payments
4. Building permit fees reduced by 50%
5. Density-bonus waived

High Density Residential Projects (valued greater than $25M)

1. Deferred DCC payments
2. Building permit fees reduced by 50%
3. Density-bonusing waived

7. Corporate Migration

An increasing number of head and regional offices are moving to the City Centre including 7-11 Canada, Price Waterhouse Coopers, Macquarie Hunter, Citizenship & Immigration, Fraser Health and more.

8. Skytrain

Surrey City Centre, BC’s second major urban centre, provides easy access to the lower mainland via Skytrain. Just a 25 minute ride to downtown Vancouver and a 40 minute ride to the Vancouver International Airport.

9. New City Hall, Library, University Expansion and RCMP Headquarters

Surrey City Centre is home to a new $36M Library, $50M City Hall, $10M Simon Fraser University expansion and $966M Regional RCMP Headquarters in the adjacent Green Timbers Park. Projects underway in the City Centre have created 10,000+ new jobs.

10. New Emergency Department Critical Care Centre and Outpatient and Surgery Care Centre

Surrey has invested ~$840M for the new Jim Pattison Outpatient Care and Surgery Centre, Emergency Department and Critical Care Centre at Surrey Memorial Hospital.

It is an exciting time to be guiding the City of Surrey. Surrey is strategically positioned to become the next great metropolitan centre in our region, offering numerous opportunities for residents, visitors, businesses and investors. As the fastest growing and second largest city in British Columbia, we have a unique opportunity to build the City of the Future.Working with community and business stakeholders, we are focused on developing and implementing new and innovative initiatives that will attract strategic investment. With numerous projects on stream such as the new library and a new City Hall, the transformation and evolution of our City Centre is well underway. We are committed to unlocking the potential of all of our Town Centres which is why we launched TownShift, an ideas competition seeking to harness the best approaches from across the province, the country and the world, to building vibrant, dynamic and liveable communities in Cloverdale, Fleetwood, Guildford, Newton, and Semiahmoo.The City of Surrey is committed to redefining our downtown core, and continues to encourage private sector investment and job creation. By working together we are creating a City Centre that will be second-to-none in the region.I invite you all to join with us to ensure that the Future Lives Here in Surrey, BC.Sincerely,Mayor Dianne Watts.