City of Surrey 2020-2024 Financial Plan

COMMUNITY PROFILE POPULATION AND GROWTH STATISTICS

Surrey is one of the fastest growing major cities in Canada, with growth averaging over 9,360 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 2019, is estimated to be 571,610 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 2015 through 2024. Over the last five years, Surrey's population grew by 40,840 residents, representing an average annual growth rate of 1.5%. Further population growth of approximately 58,300 residents is projected for the five years between 2020 and 2024, for an estimated 2024 population of 644,180. This estimate represents an average annual growth rate of approximately 2.00% over the next five years.

Numbers for 2020 - 2024 are projected Source: City of Surrey Planning & Development Department

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