A B.C. development industry non-profit association says Surrey is leading the way when it comes to planning housing and growth.
The Urban Development Institute CEO Anne McMullin says Surrey has done its homework and planned well, creating a housing supply buffer.
She says that oversupply is keeping prices lower than most regions across Metro Vancouver.
“Surrey actually builds. They recognize what their growth rate is going to be and actually build a little bit more in order to keep prices low because what makes Surrey attractive is the low price.”
McMullin adds Surrey has done well at building a variety of housing options which have helped it adjust to growth.
“I mean it has the land, but their ability to build a lot of different housing options for people that they have townhomes, they have mid-rises and they have high rises and they’re actually creating a brand new city centre.”
She adds Richmond has also done a good job building just slightly above the demand.