The search for your first home can be both exhilarating and daunting. As people consider different cities to lay down their roots, Surrey has been gaining attention for its affordability, future growth, and vibrant community spirit. Let's explore the top reasons Surrey has caught the attention of first-time home buyers.

Affordable Pricing

Surrey's real estate market stands out for its relatively affordable pricing. Compared to neighboring regions like Vancouver, Surrey offers a variety of housing options at a wider range of price points that align with first-time homebuyers. As of our most recent rennie review, the median price for a condo in Surrey sits at $550,000 compared to downtown Vancouver’s $825,000. From condos to detached homes, the price per square foot in Surrey allows new buyers to get more for their money, making it an attractive option for those looking to enter the housing market.

Competitive Market Trends

Surrey’s real estate market trends indicate a competitive yet accessible environment for first-time buyers. As the market dipped, listing prices have seen a decrease in the average listing price as well. Paired with a steady influx of new projects and infrastructural growth, Surrey is ripe with investment opportunities. Moreover, the competitive nature of the Surrey market often leads to more reasonable prices, giving first-time buyers a chance to enter the market without being priced out.

An easy connection to Vancouver

Offering easy access to Vancouver via the SkyTrain and transit is a significant draw for potential homeowners. From Surrey Central Station, commuters can be in downtown Vancouver in under 40 minutes. With a straight forward commute into Vancouver, whether by road or rail system, those working in the city have fewer barriers to consider when opting to explore different neighbouring communities. And as Surrey continues to grow, all the modern comforts – from shopping, dining, and outdoor amenities – are readily available within Surrey’s city limits.

Growing Community

As Surrey continues to expand in terms of real estate, so too is its sense of community. Boasting a diverse population and a growing number of local amenities such as parks, schools, entertainment, and shopping centres, Surrey is a destination that offers long-term potential.. This growth fosters a welcoming environment for first-time homebuyers looking for a place to settle and grow their roots.

Read our buyer’s guide to Surrey’s up-and-coming neighbourhoods

Future Investment

Investing in Surrey homes is not just about the immediate benefits. The city's development plans and the ongoing enhancements in infrastructure suggest that property values are likely to appreciate over time. This potential for future growth makes Surrey an appealing option for first-time buyers who are considering the long-term value of their investment.

When the King George Hub project first launched in 2018, homes began selling at just under $300,000, and today those same homes have nearly doubled in value. Early buyers bought into the long term vision of Surrey’s growth and the project’s vision of bringing together must-have stores, transit options, workspaces, services and everyday conveniences together. And similar opportunities are still being dreamed up and presented today, although the listing prices have risen over the course of six years. 

With the launch of rennie loves surrey this summer, rennie will facilitate the sale of over 1,800 new homes in Surrey in partnership with top-tier developers – Century Group, Oviedo, and Tangerine Developments. Starting with BridgeCity in Surrey Central North, more projects will be launched and announced over the next 18 months with an abundance of great housing options accessible to the first-time buyer considering a new market outside Vancouver. 

First-time buyers are increasingly looking to Surrey, BC, as a prime location to purchase their first home. With its blend of affordability, proximity to major urban centers, community growth, and investment potential, it's no wonder that Surrey is becoming a hot spot in the real estate market. As the city continues to grow, it's poised to remain a top choice for those taking their first step onto the property ladder.




Whether you're a homebuyer or an investor, Surrey's diverse neighbourhoods offer something for everyone. Explore these communities with a rennie advisor to find your perfect fit in Surrey.