Surrey, B.C. \u2013 The City of Surrey has exceeded its housing targets, issuing 13,844 net new housing units over the past two and a half years and remaining on track to complete all initiatives outlined in its Housing Action Plan.<\/p>\n
\u201cI\u2019m pleased at the incredible progress we\u2019ve made and the meaningful steps we\u2019ve taken to reduce red tape, modernize our processes and make it easier to build housing in Surrey,\u201d Mayor Brenda Locke said. \u201cAt a time when market conditions remain difficult, Surrey has continued to move forward, working with the housing sector to provide more options for residents. I would like to thank the federal government and the Canada Mortgage and Housing Corporation for their ongoing support.\u201d<\/p>\n
Surrey\u2019s Housing Action Plan set a target of 13,000 net new housing units over three years by the end of 2026, representing a 27.8 per cent increase in the City\u2019s housing supply. The City achieved this six months ahead of schedule. The plan is supported by $100.7 million from the federal government\u2019s Housing Accelerator Fund.<\/p>\n
The City has completed six of the plan\u2019s nine initiatives, with the remaining three on track for completion by the end of the year. These improvements have helped streamline the development process, including:<\/p>\n
Modernization and harmonization of neighbourhood concepts plans with the new Official Community Plan to streamline the development processNew programs for Amenity Cost Charges and bonus density to create a more predictable framework for supporting community amenitiesMoving all building permit applications to a fully digital review process<\/p>\n
\u201cSurrey is one of Canada’s fastest-growing communities, and people need more homes they can afford close to where they work, learn, and raise their families,\u201d said The Honourable Randeep Sarai, Member of Parliament for Surrey Centre, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development. \u201cThrough the Housing Accelerator Fund, our government is proud to support the City of Surrey as it surpasses its housing target ahead of schedule. These 13,800 new homes will strengthen the community and make a meaningful difference in the lives of residents for years to come.”<\/p>\n
The City also exceeded its provincial housing target, issuing final occupancy for 5,307 net new housing units during the reporting period of July 1, 2025, to June 30, 2026 \u2013 14.4 per cent above its target of 4,639 units.<\/p>\n