Top 10 Reasons to Invest in Surrey City Centre
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.
Download a PDF of why Surrey City Centre is the place to invest or see how Surrey compares to other cities in Metro Vancouver with this City Comparison Presentation by Murray Dinwoodie.
