February 25, 2026
RED FM News Desk
The City of Surrey has approved 10,508 new units in the first two years of its Housing Action Plan. In a report presented to Council on Monday, staff said the City has now achieved more than 80% of its three-year target under the federal Housing Accelerator Fund.
“Every new home we approve brings Surrey residents closer to the housing they need,” said Mayor Brenda Locke. “I would like to thank the federal government and the Canada Mortgage and Housing Corporation for their continued support on delivering more diverse housing options in our city. As we enter the final year of the Housing Accelerator Fund, we are committed to delivering on all initiatives to ensure Surrey remains a place where people can live, work, and build.”
“Our Government is committed to giving local governments the support they need to drive housing supply and bring down housing cost,” said the Honourable Randeep Sarai, Secretary of State, International Development and Member of Parliament for Surrey Centre. “I congratulate the City of Surrey for this outstanding achievement. It demonstrates how the Housing Accelerator Fund is helping municipalities across Canada improve housing options for their residents and will have a positive impact in our community.”
The report highlighted several impressive statistics from 2025, noting that the City added 4,280 housing units while slashing permit processing timelines by 75% through more than 20 distinct process improvements. Originally launched in 2023 with $100.7 million in federal funding, the plan saw an additional $35.1 million investment in housing initiatives and infrastructure in 2025 alone, funded entirely through grants. Furthermore, the City has proactively purchased land totaling $18 million to secure future opportunities for affordable housing.
In its final year of the Housing Accelerator Fund, the City of Surrey will focus on updating its Official Community Plan (OCP) and expanding its online permitting system. By introducing digital plan reviews and adding more permit types to its portal, the City aims to further simplify the review process and ensure even quicker turnaround times for developers and residents alike.
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