What the market numbers mean for a condo buyer
FVREB combines South Surrey and White Rock into one statistics area. See the latest South Surrey and White Rock market numbers. The numbers include townhouses because many condo buyers here shop both.
- Supply compared with sales. Divide a month's sales by active listings. The FVREB package notes that BCREA treats 12–20% as balanced, so a lower reading gives buyers more choice and more room to negotiate. A single month is noisy, so watch the trend.
- The benchmark is a modelled "typical" condo, not an average sale price. Age, size, view and building condition move individual prices a long way from it.
What South Surrey's condo stock looks like
South Surrey is mostly a low-rise condo market. In the 2021 census, the City of Surrey counted 5,545 low-rise apartment units (16% of homes) and only 230 high-rise units (0.7%) in South Surrey, against 17,050 single-family homes. (City of Surrey, South Surrey Community Profile)
Where condos cluster:
- Semiahmoo Town Centre (roughly 16 to 24 Avenue around 152 Street). This is where most future apartment growth is planned. The 2022 Town Centre Plan envisions a "compact, sustainable, transit-supportive urban centre" over 30 years. Council updated it in July 2026 to align with King George Boulevard Bus Rapid Transit. (City of Surrey)
- Grandview Heights, Morgan Crossing and Grandview Corners: a neighbourhood planned since 2005, with 45 apartment sales in MLS® sub-area F57 "Grandview Surrey" in the 12 months to Sep 29, 2026 (source below). See Grandview Corners condos and townhomes, or my Grandview Heights condo guide.
- King George Corridor (MLS® sub-area F55): 118 apartment sales and 77 townhouse sales in the 12 months to Sep 29, 2026 (source below). See King George Corridor.
- Next door in White Rock: apartments make up a much larger share of homes there. In 2021, 56% of White Rock's occupied dwellings were apartments, and 43% were condominiums. See White Rock. (Statistics Canada 2021 Census Profile, White Rock)
Past apartment sales, Oct 1, 2025 to Sep 29, 2026:
| MLS® sub-areas |
Apartments sold |
Median year built |
Median floor area |
| South Surrey (F51–F53, F55–F59; excludes White Rock) |
243 |
2008 |
991 sq ft |
| South Surrey and White Rock (F51–F59) |
467 |
2004 |
1,038 sq ft |
By sub-area: White Rock (F54) 224, King George Corridor (F55) 118, Grandview Surrey (F57) 45, Sunnyside Park Surrey (F52) 36, Morgan Creek (F58) 31, Elgin Chantrell (F51) 7 (small sample) and Crescent Bch Ocean Pk. (F53) 6 (small sample). Hazelmere (F56) and Pacific Douglas (F59) had none.
Source: Fraser Valley Real Estate Board MLS® data via Paragon, sold Oct 1 2025 to Sep 29 2026, pulled Sep 29 2026. Closed sales only. These are past sales, not a forecast, and market data changes monthly.
Price bands
Schools near the main condo areas
The Surrey School District serves all of South Surrey and White Rock. These results come from the district's School Locator on September 29, 2026. Catchments change, so check each address before you rely on it.
Check any address with the Surrey Schools School Locator.
South Surrey condo FAQ
Can a strata stop me from renting out my condo? Not for long-term rentals. Since November 24, 2022, BC strata corporations can't have residential rental-restriction bylaws, and any existing ones are invalid. Stratas can still ban or limit short-term rentals. (Province of BC)
Are there still age-restricted (55+) buildings? Yes. Since November 24, 2022, the only age-restriction bylaws a strata can have are for 55 and older, with exemptions for some caregivers and family members. (Same source.)
Can I use a South Surrey condo as an Airbnb? Generally not as an investment. Surrey allows short-term rentals only when the owner lives there as their principal residence, doesn't allow tenants to host, and requires a business licence. A strata can prohibit short-term rentals entirely. (City of Surrey)
How much property transfer tax will I save as a first-time buyer? If you qualify, BC exempts the full tax on homes up to $500,000. Between $500,000 and $835,000 the exemption is $8,000, and it phases out between $835,000 and $860,000. (Province of BC)
What should I review before buying a condo? The strata documents: minutes, the depreciation report, the budget and contingency reserve, bylaws, and the Form B Information Certificate. Form B now has to include a summary of the strata's insurance coverage. (Province of BC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.