Surrey is located in the southern end of the British Columbia (BC) province, in the Mainland development region. The city is the second largest in BC, with roughly 468,000 residents. Vancouver, with its 603,500 residents, is less than an hour away and is reachable using public transit. In addition, Surrey is consider a member of Metro Vancouver. However, despite the urban location, the cost of living is very low in Surrey, BC. Residents pay less than C$46,000 per year to live at the same standard of living that C$61,000 would allow in Vancouver proper.
Surrey, BC Job Opportunities
The total unemployment rate in Surrey, BC is roughly 6.2 per cent, but closer to Abbotsford that rate dips to 5.8 per cent. Further, the Mainland development region is experiencing strong growth, with 641,000 jobs expected to be added by 2022. While most of those come from people retiring, roughly 37 per cent come from organic expansion efforts. Wholesale and retail trade are the biggest industries in the Mainland development region, accounting for over 16 per cent of the jobs in the area. Healthcare and social assistance also play an important role, accounting for some 10.6 per cent of the jobs in Mainland BC.
Surrey, BC Employment Trends
Going forward, much of the employment opportunities in Surrey, BC are going to be in mining. Mine service workers and operators as well as underground miners will experience close to 3 per cent growth per year. Managers in mining, oil and gas, and natural resources production are also expected to experience growth of over 2 per cent per annum, as will optometrists, chiropractors, and other health professionals who diagnose as well as treat health issues. Surrey is also known for its high technology, clean energy, and manufacturing efforts, which are also expected to grow.