City of Surrey's 2022-2026 Financial Plan

POPULATION AND GROWTH STATISTICS

Surrey is one of the fastest growing major cities in Canada, with growth averaging over 8,264 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 2021, is estimated to be 591,702 residents. This estimate is provided by Surrey’s Planning & Development department and 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 2017 through 2026. Over the last five years, Surrey's population grew by 41,320 residents, representing an average annual growth rate of 1.50%. Further population growth of approximately 54,867 residents is projected for the five years between 2022 and 2026, for an estimated 2026 population of 658,841. This estimate represents an average annual growth rate of approximately 1.82% over the next five years.

Total Population in Surrey (2017-2026)

700,000

658,841

630,955

650,000

603,974

644,835

580,040

600,000

617,293

558,280

591,702

550,000

572,199

550,381

500,000 Population

450,000

400,000

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Year

Population for 2022 - 2026 is projected Source: City of Surrey Planning & Development Department

City of Surrey | 2022—2026 Financial Plan | Community Profile

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