COS Financial Plan 2018 - 2022

COMMUNITY PROFILE POPULATION AND GROWTH STATISTICS

Surrey is one of the fastest growing major cities in Canada, with growth averaging over 8,440 people per year for the past five years. A large proportion of this growth is due to immigration. Surrey's total population, as of December 2017, is estimated to be 534,690 residents. This estimate is based on the City's residential building inventory, created using a combination of data sources that include:  BC Assessment Authority data;  Surrey Building Permit information;  Surrey secondary suite data;  The latest GIS Orthophoto imagery; and  Surrey GIS Cadastre (lot and address) information. The City's estimates are calibrated to the Census of Canada (including the estimated Census undercount) every five years as this data is released. The chart below illustrates existing and projected total City population for the years 2013 through 2022. Over the last five years, Surrey's population grew by 33,390 residents, representing an average annual growth rate of 1.64%. Further population growth of approximately 39,550 residents is projected for the five years between 2018 and 2022, for an estimated 2022 population of 583,880. This estimate represents an average annual growth rate of approximately 1.77% over the next five years.

Total Population in Surrey (2013 - 2022)

700,000

583,880

563,960

600,000

544,330

525,220

507,370

573,910

554,100

500,000

534,690

516,420

501,300

400,000

300,000

Population

200,000

100,000

0

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Year

Numbers for 2018 - 2022 are projected Source: City of Surrey Planning & Development Department

the future lives here.

2018-2022 Financial Plan

- 26 -