What Is My Home Worth in Surrey?

No. BC Assessment values every property as of July 1 of the previous year for property tax purposes, so it already lags the market by six months when the notice arrives in January. It also never inspects your home, so it cannot account for renovations, condition or current competition.

They are algorithms trained on sold data and assessment records, which makes them a reasonable starting range but not a list price. In Surrey they are weaker than usual, because a home two kilometres away can sit in a different board reporting area with a benchmark hundreds of thousands of dollars apart.

In August 2026 the average sold detached home in Surrey was $1,418,924, townhomes averaged $763,841 and condos $476,570, with an MLS benchmark of $912,700 for a typical home of any type. All were down year over year, and these figures update monthly.

A buyer's market. The Fraser Valley sales to active ratio was 10 percent in August 2026, below the 12 to 20 percent balanced range, with 9,787 active listings across the board area. Realistic pricing matters more in this market than in any of the last four years.

In August 2026, Fraser Valley detached homes averaged 45 days on market, townhomes 37 days and condos 45 days. Some Surrey pockets have been faster, with Cloverdale near 27 days and Fleetwood near 26. A well prepared, correctly priced home can move faster, and an overpriced one routinely takes much longer.

Considerably, and more than in most cities. The board reports Surrey as four areas, and the August 2026 detached benchmark ran from $1,262,400 in North Surrey to $1,649,200 in White Rock and South Surrey. Property type explains part of the gap and lot size explains much of the rest.

Yes and no, in that order. The evaluation costs nothing and carries no obligation to list. It exists because most sellers want a real number before they decide anything, and because a seller who understands their price range is easier to work with later.

Both are factors buyers weigh. The Surrey Langley SkyTrain is targeted to open in late 2029 with stations at Fleetwood and Clayton, and the new Surrey Hospital and BC Cancer Centre in Cloverdale opens in 2030. Nobody can responsibly promise a specific price effect on a specific property from an infrastructure project, and this page will not.