• 33% INCREASE IN POPULATION OVER 20 YEARS o 2nd highest population in BC with 10% growth rate; poised to become the highest by 2041 o Current Surrey population is approx. 588,490 and is projected to increase by over 304,010 by 2051 o Approximately 1,000 new residents moving to Surrey every month o City Centre is planned to absorb significant population and job growth over the coming decades, including: 43,000 housing units by 2041 49,000 jobs by 2041
• STRONG JOB GROWTH WITH 3,000 NEW BUSINESSES EACH YEAR o 36,200 jobs can be created by 2025 at an annual growth rate of 8% by growing Surrey’s priority sectors including advance manufacturing, clean technology, health technology, agri-innovation, and creative arts. o Over $13.7 Billionin new construction has occurred in Surrey in the past 10 years o Additional new businesses are located in Surrey to take advantage of the rapid growth and affordable rates Coast Capital Savings Head Office, TD Canada Trust, Pricewaterhouse Coopers (one of the big 4 accounting firms), FINCAD are strategically using Surrey City Centre as a beachhead for growing their businesses into the Fraser Valley market, while being connected to the rest of Metro Vancouver. Innovation Boulevard, partnership between City of Surrey & SFU, to grow healthtech innovation and commercialization. Presence of Surrey City Hall and the Canada Revenue Agency located centrally in the City Centre area Is increasing the volume of government services being transacted nearby.
• TOP EDUCATION UNIVERSITIES WITH FUTURE EXPANSIONS • Over 20,000 students enrolled at SFU & KPU Surrey campuses receiving education and training in fields including mechatronics, engineering, computer science, business, health, interactive arts & technology • 120 Faculty of Medicine students trained at UBC teaching hospital located within Surrey Memorial Hospital o Simon Fraser University Surrey campus School of Sustainable Energy Engineering (completed in 2019) Future expansion of new Health Science Innovation & Creative Technologies faculties (space will allow double the current campus capacity) In 2019 the provincial government announced that it would be investing over $17 million in SFU Surrey to establish a new Quantum Algorithms Institute, one of the first facilities of its kind focused on building quantum computing software and algorithms