Population
703,531
Land Area
31,741
haAnnual Operating Budget
$1.14B
expensesTrends and Profile
Surrey Population Trend
Annual estimates, 2011–2025
Fiscal Trends (2021–2024)
Revenue and expense per person over 4 years
Fiscal Report Card
These metrics reflect reported financial data and do not capture local context such as major infrastructure investments, one-time grants, natural disasters, or policy decisions. Learn more
Fiscal Trajectory
69.5
scoreFiscal trajectory score of 69.5 is above the band average of 50.0, placing this municipality among improving peers.
Fiscal Balance
$853
/ personOperating surplus of $853/person is 1.0× the band average of $828. Ranks 6th of 10 in the band.
Tax Burden
$937
/ personPer-person taxation of $937 is 24% below the band average of $1,235, ranking 2nd of 10 in the band.
Debt Load
7.0%
capacity usedLiability servicing capacity used is 7.0%, leaving significant room for strategic borrowing if needed.
Revenue Resilience
8.1%
grant dependencyGrant dependency of 8.1% is below the band average of 9.1%, indicating stronger revenue self-sufficiency.
Service Efficiency
$1,615
/ personTotal spending of $1,615/person is $638 below the band average, ranking 2nd of 10 for service efficiency.
What's Driving These Numbers
Tax Revenue by Property Class
How the annual municipal tax levy is split across property classes. A higher residential share means homeowners carry more of the tax burden.
Share of total municipal tax levy by property class
Annual Homeowner Cost
Estimated taxes on a median-value home
A typical homeowner pays $6,752/year — 23% above the band average of $5,510.
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
Learn more ↗Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,752/year — 23% above the band average of $5,510.
Learn more ↗$6,752 / yr
Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,752/year — 23% above the band average of $5,510.
Residential Tax Base
Share of assessed property value from residential
82.0% of the tax base is residential, similar to the band average of 80.9%.
Learn more ↗Share of assessed property value from residential
82.0% of the tax base is residential, similar to the band average of 80.9%.
Learn more ↗82.0%
Share of assessed property value from residential
82.0% of the tax base is residential, similar to the band average of 80.9%.
Population Growth
Change over 5 years (2020–2025)
Population grew 19.3% over 5 years — significantly above the band average of 14.5%. Rapid growth drives infrastructure and service demand.
Learn more ↗Change over 5 years (2020–2025)
Population grew 19.3% over 5 years — significantly above the band average of 14.5%. Rapid growth drives infrastructure and service demand.
Learn more ↗+19.3%
Change over 5 years (2020–2025)
Population grew 19.3% over 5 years — significantly above the band average of 14.5%. Rapid growth drives infrastructure and service demand.
Development Activity
Building permit value per capita (trailing 12 months)
$2,953 in building permits per person, below the band average of $6,020.
Learn more ↗Building permit value per capita (trailing 12 months)
$2,953 in building permits per person, below the band average of $6,020.
Learn more ↗$2,953 / cap
Building permit value per capita (trailing 12 months)
$2,953 in building permits per person, below the band average of $6,020.
Revenue Breakdown / person
Expense Breakdown / person
Peer Comparison
Comparing against 8 municipalities in the 150,000+ band.
| Municipality | Type | Population▼ | Rev/Cap | Exp/Cap | Surplus/Cap | Debt/Cap | Tax Bill | Tax Coll. % | Liab. Used % | 5yr Growth |
|---|---|---|---|---|---|---|---|---|---|---|
| Vancouver | C | 740,454 | $4,273 | $3,111 | $1,162 | $1,388 | $8,052 | 95.0% | 22.9% | +5.6% |
| Surrey | C | 703,531 | $2,468 | $1,615 | $853 | $420 | $6,752 | 97.4% | 7.0% | +19.3% |
| Burnaby | C | 299,682 | $3,262 | $2,223 | $1,039 | $0 | $5,761 | 98.9% | 0.0% | +15.8% |
| Richmond | C | 239,584 | $3,400 | $2,427 | $973 | $372 | $6,298 | 97.5% | 7.6% | +9.4% |
| Abbotsford | C | 175,358 | $2,406 | $2,028 | $378 | $179 | $5,754 | 98.2% | 7.7% | +10.2% |
| Coquitlam | C | 173,599 | $3,420 | $2,072 | $1,348 | $57 | $7,289 | 98.6% | 1.7% | +13.1% |
| Kelowna | C | 167,654 | $3,403 | $2,484 | $919 | $346 | $5,885 | 98.1% | 10.8% | +13.4% |
| Langley | D | 163,885 | $531 | $397 | $134 | $132 | $6,874 | 98.5% | 4.1% | +20.6% |