Sector professionals
Real estate market data
The Fraser Valley apartment benchmark was $491,000 in April 2026, up 0.4% from March but down 8.3% year-over-year, the region's most affordable property type and the segment that defines tower-heavy Surrey City Centre.
Source : Fraser Valley Real Estate Board (FVREB), April 2026 (released May 4, 2026); benchmark is board-wide. https://www.fvreb.bc.ca/statistics/monthly-market-report/
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Frequently asked questions
Why are City Centre condos Surrey's most affordable option?
Condo apartments sell far below houses, and the City Centre is overwhelmingly tower stock. The Fraser Valley apartment benchmark was $491,000 in April 2026, against a single-family detached benchmark of $1,374,800. The gap reflects property type, not a discount on comparable homes. (Fraser Valley Real Estate Board, April 2026.)
What should I review before buying a City Centre condo?
In BC, condos are strata properties, so review the depreciation report, the Form B information certificate, recent strata minutes, the contingency reserve fund and any special levies. The Strata Property Act governs these documents, and a weak reserve fund can mean costly future levies. (BC Strata Property Act.)
How will the Surrey-Langley SkyTrain affect City Centre?
It reinforces the core as a transit hub. The Surrey-Langley SkyTrain extension along Fraser Highway is being built from King George Station in City Centre eastward, supporting continued tower development and transit-oriented demand around the area. Effects vary by exact location. (TransLink / Province of BC, Surrey-Langley SkyTrain.)