B.C. Government Sets Five-Year Housing Target for Surrey

The B.C. government, under Premier David Eby, has set a five-year housing target aimed at delivering a total of 27,256 homes in Surrey by June 30, 2029. The provincial government has requested that the city submit an annual progress report to Housing Minister Ravi Kahlon.

The housing target, which began on July 1, 2024, outlines specific milestones for new construction: 4,233 homes are expected to be built by June 30, 2025, followed by 4,639 homes between July 1, 2025, and June 30, 2026. From July 1, 2026, to June 30, 2027, 5,248 homes are planned, followed by 6,060 new homes between July 1, 2027, and June 30, 2028. The final phase will see 7,076 homes built between July 1, 2028, and June 30, 2029.

Mayor Brenda Locke expressed confidence in Surrey's leadership in housing development, stating in a statement that the city is moving forward with its plans. She also voiced hope that the provincial government will offer support in all aspects of the project.