New Developments
55 new developments in South Surrey & White Rock
Surrey is the most active presale market in Metro Vancouver. New townhouse and condo developments are concentrated in four neighbourhoods, each with its own buyer profile, transit story, and price ladder. Below: the active developments by neighbourhood, plus a brief on why presale buying makes sense for some buyers (and not others) in 2026.
Where new developments are happening in Surrey
Fleetwood new condos
The Fleetwood Plan rezoned a six-block stretch around 152 Street and Fraser Highway for higher density, and the SkyTrain extension's Fleetwood station is locked in for service later this decade. Most active presales here are mid-rise condos targeting first-time buyers and downsizers, with completion windows in 2027-2029.
Sullivan Station presales
Sullivan and Sullivan Heights run heavily townhouse, with new sub-areas of 3-bedroom family units launching most years. Pricing typically lands $100k-200k below comparable Burnaby townhomes, drawing commuters who can absorb the King George Highway drive.
Whalley / Surrey Centre developments
North Surrey's Whalley district (around City Hall and SFU Surrey campus) has seen the most concrete-tower construction of any Metro Vancouver suburb. Active and upcoming presales include both pure-condo towers and mixed-use buildings with retail podiums. Best transit story in the city -- King George and Surrey Central SkyTrain stations are both walkable.
Clayton townhomes
Clayton (along 188 Street between Highway 10 and 72 Avenue) is Surrey's largest active townhouse build-out. New phases launch most quarters with 3-4 bedroom units on private street networks. Family-buyer focused, with most product priced around the average detached home in older parts of Surrey.
Should you buy presale in Surrey?
Presale offers two real advantages and one real risk. The advantages: lower deposit pacing (typically 5% on signing, 5% at construction milestones rather than the 20% upfront a resale deal needs) and the ability to lock in 2026 pricing for a unit you won't actually own until 2027 or 2028. The risk: build timelines slip, market conditions can move against you between signing and completion, and rescission rights are time-bound. Buyers who can wait, who have stable income, and who would buy that area regardless do well in presale; buyers who need to move within 12 months or whose financing depends on today's snapshot rate are usually better served by resale inventory. We work through this with every presale-curious buyer during a free consultation. Book a chat if you want a straight read on a specific development.