The Cost of Living in Surrey, B.C (here’s how expensive living in Surrey REALLY is)

Ever wondered what it’s like to live in Surrey, BC? Is it expensive? What can you expect to pay for housing, rentals, or a night out? Let’s dive into the nitty-gritty of the cost of living in this vibrant city, including some great tips for families considering a move.

My name is Darin, the team leader with the Germyn Group, with Macdonald Realty, a REALTOR in Surrey, British Columbia.

If this is your first time reading our blogs, we are here to educate you on everything there is to know about living in Surrey or White Rock, British Columbia. If you’re looking to make a move in the next 9 days, 90 days or 9 months, shoot us a text, give us a call, or book an in-person zoom meeting with us so we can learn a little bit more about your situation and let you know what we can do to help you. This way, we can make sure your move to Surrey or White Rock is a smooth one

Real Estate Prices: A Comparative Overview

Surrey offers a diverse range of real estate options, making it an attractive destination for various homebuyers.

The benchmark price for a detached home in Surrey is around $1,528,900, significantly more affordable than Vancouver’s hefty $2,061,000 price tag. This difference allows buyers to get more space and value for their money.

For those considering townhomes, Surrey’s market remains competitive, with a benchmark price of approximately $851,100, compared to Vancouver’s $1,138,100.

Additionally, Condos/Apartments in Surrey are a budget-friendly option, with a benchmark price of $551,100, providing an affordable entry point for first-time buyers or those looking to downsize.

Overall, Surrey’s real estate market offers something for everyone, from spacious family homes to compact urban living options.

Rental Market: Affordable Alternatives

If buying isn’t an option, renting in Surrey provides a viable and often more affordable alternative. The median rent for a 1-bedroom apartment in Surrey is approximately $1,877 per month, offering a cost-effective solution for singles or couples.

For families or those needing more space, 2-bedroom apartments in Surrey rent for around $2,448 per month. This is significantly more affordable compared to Vancouver, where the average rent for a 2-bedroom apartment is a steep $4,159 per month.

The cost difference makes Surrey an attractive option for renters looking for quality living spaces without the high costs associated with Vancouver. Additionally, the lower rent prices in Surrey allow residents to enjoy a better quality of life with more disposable income for other expenses.

Entertainment and Lifestyle Costs

Living in Surrey isn’t just about finding a place to live; it’s also about enjoying the vibrant lifestyle the city offers. Dining out is a popular activity, with a meal for two at a mid-range restaurant costing around $80, offering a variety of culinary experiences.

For those who enjoy staying active, a fitness club membership is quite affordable, averaging $31 per month. Entertainment options like catching the latest blockbuster at the cinema range from $12 to $20 per ticket, making it a reasonably priced outing.

Additionally, gas prices in Surrey fluctuate between $1.70 and $2 per litre, depending on the location, which is an important consideration for those who commute or enjoy road trips.

Overall, the cost of enjoying Surrey’s amenities is relatively moderate, allowing residents to make the most of what the city has to offer.

Family-Friendly Activities: Sports Costs

For families, sports are often a significant part of life, offering both fun and valuable life lessons for children. In Surrey, there are plenty of options for young athletes.

Enrolling your child in the Surrey Thunder Minor Hockey League, for instance, costs about $740 per season, providing a great opportunity for them to learn and play Canada’s beloved sport.

Soccer enthusiasts can join Surrey United, where the fees are approximately $175 per season. The club even offers a generous 50% discount for the third child, making it a more affordable option for larger families.

For those interested in baseball, the Surrey Canadian Baseball Club charges about $100 per season, offering an affordable way to get involved in America’s favourite pastime. These programs not only keep children active but also help them build teamwork skills and make new friends. Overall, Surrey offers a range of accessible and reasonably priced sports programs for kids.

Best Community for Families: Cloverdale

If you’re moving with a family, Cloverdale stands out as our top choice in Surrey. Known for its welcoming and family-friendly atmosphere, Cloverdale offers a variety of amenities that cater to families of all sizes.

The community boasts excellent schools, numerous parks, and recreational facilities, making it an ideal place for raising children. Its safe, close-knit environment fosters a sense of community, where neighbours often become friends.

Additionally, Cloverdale hosts various family-oriented events and activities throughout the year, adding to its charm. Stay tuned for our upcoming post, where we’ll dive into the “Top 5 reasons why Cloverdale is perfect for young families looking for a nurturing and engaging place to call home.“

Monthly Living Costs: The Bottom Line

So, what does it cost to live in Surrey on a monthly basis? Beyond your mortgage or rent, you’ll need to budget for additional expenses. On average, expect to spend about $1,500 per person each month. This amount covers essential costs like groceries, utilities, transportation, and other daily necessities.

Groceries in Surrey tend to be more affordable compared to neighboring cities, thanks to lower commercial rents, which helps keep prices down. Utility bills, including electricity, water, and heating, are another significant component of monthly expenses.

Additionally, day-to-day costs such as dining out, entertainment, and personal care also contribute to the overall budget. This comprehensive monthly estimate ensures a comfortable lifestyle in Surrey, allowing residents to plan their finances effectively.

Conclusion

If you’re a Surrey resident, we’d love to hear your thoughts on living here. How do you find the cost of living? Leave a comment below and share your experiences. If you have questions about moving to Surrey, feel free to ask. Our community is here to help!

Found this post helpful? Stick around as we post bi-weekly blog posts and we can’t wait to share more insights in our next post!

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the Surrey real estate market.

As you embark on this exciting journey, remember that the right home in Surrey is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership in Surrey a beautiful reality.