If building permit values are any indication, Surrey is surpassing expectations for economic growth.
Mayor Linda Hepner says both 2015 and 2016 saw building permit values top $1.4-billion.
And they’re on track to beat those figures for 2017, with the first quarter alone set to top half a billion.
“What we saw just this last year alone was the opening of Coast Capital, Westminster Savings, those are both headquarters and having them relocate here we’re starting to call it a financial district,” Hepner says.
She says it’s a sign of growth and is feeding crucial economic spinoffs.
“All those construction jobs and then all the ancillary businesses that support those new homes or businesses that are coming here that’s huge economic activity for us.”
A new Marriott Hotel is opening in the fall in the Surrey Centre area and seven residential towers are also on the books.