Home Buying, Market Intelligence, Your Next Home
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Home Buying |
March 21, 2024
Surrey is primed to revolutionize its housing landscape with a bold three-year action plan.
With a commitment to enhancing accessibility and affordability, Surrey, BC, is paving the way for prospective homebuyers to realize their dreams.
Embracing Surrey’s Vision
Surrey’s commitment to housing growth is unparalleled, with plans to increase new housing units by an impressive 27.8% over the next three years.
Surrey has the resources to turn its housing vision into reality thanks to a substantial injection of $95.6 million from the federal Housing Accelerator Fund. This financial catalyst paves the way for accelerated housing development initiatives, signalling a collaborative effort between federal and municipal entities.
Streamlining Processes with AI
Embracing innovation, Surrey leverages artificial intelligence (AI) to expedite development and permit approvals. By harnessing the power of digital systems like “AMANDA,” the city is poised to streamline bureaucratic processes, ensuring swift and efficient housing development.
Empowering Municipal Collaboration
Federal Minister of Housing, Infrastructure, and Communities Sean Fraser underscores the importance of collaborative efforts in eliminating housing barriers. Surrey’s Action Plan aims to foster an environment conducive to affordable housing construction through partnerships with cities and government levels.
Catalyzing Growth through Density
Central to the action plan is promoting higher-density, multi-unit housing projects. By enhancing the development approval process and offering incentives for projects with substantial affordable housing components, Surrey aims to catalyze housing growth while ensuring inclusivity.
Fostering Sustainable Communities
Mayor Brenda Locke emphasizes the importance of nurturing sustainable, inclusive communities. By expanding affordable housing initiatives, Surrey seeks to provide safe, stable, and accessible housing options for its diverse population, fostering a vibrant and cohesive cityscape.
Pioneering Transit-Centric Development
Surrey adopts zoning adjustments to increase housing density, particularly around transit hubs. The Rapid Transit Development Incentives Program offers discounts to encourage densification, aiming to enhance accessibility and affordability for residents.
Surrey’s Brighter Future
As Surrey prepares to unveil details on incentives and programs, hope looms on the horizon for a more inclusive housing future. For comprehensive updates on Surrey’s Action Plan, visit the City of Surrey’s website.
As Surrey embarks on this transformative journey, Guilden invites you to be a part of its exciting future. With its visionary approach to housing growth, commitment to innovation, and unwavering dedication to inclusivity, Surrey is not just a place to live—it’s a place to thrive. Discover your dream home in Surrey today.
Home Buying, Market Intelligence, Your Next Home
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