Surrey’s development dip shows resilience amid market slowdowns

Ron Gill, General Manager of Planning & Development for the City of Surrey, paints a true picture of the city’s current development slowdown — explaining that while Surrey issued a record number of building permits in 2024 for a net 6,200 housing units, the number so far in 2025 sits around 3,500 units.

Gill emphasizes that Surrey remains resilient and expects activity to rebound once market conditions improve. He notes that the city is still receiving a steady flow of building applications, but many developers are holding off on construction, waiting for the market to shift before moving forward. He believes that this slowdown is only temporary, and Surrey’s long-term growth and housing demand will continue to drive development forward in the years ahead.