Surrey is one of Canada’s fastest-growing cities, advancing as a top destination for business growth with the space to expand. It has a rapidly increasing population and a strong workforce, with major investment shaping the city.
New data from the Surrey Consumer Insights Report from October 2025 reveals emerging opportunities for retailers and developers with untapped local spending. The rapid expansion—backed by strong economic indicators—is elevating the city as a prime choice for businesses.
Accelerating population growth means Surrey is an expanding market with strong spending power, on track to surpass Vancouver by 2027. The city’s skilled and diverse workforce is driving future business expansion, along with a growing innovation ecosystem, including the hub, Innovation Boulevard, and post-secondary education institutions. Plus, increased spending and high demand mean a major opportunity for profitable investment and business expansion.
This growth, momentum and opportunity make Surrey a high-potential market for business investment with an award-winning business climate (NAIOP 2024 & 2025).
The opportunity is now: Surrey’s population growth, talent depth and unmet consumer demand signal a market primed for profitable investments. Read the full report here.
Connect on LinkedIn.
Invest. Innovate. Thrive.
