Quote:
Originally Posted by logan5
Skytrain has been in Surrey for over 20 years now, with not a lot of tower development. Coquitlam Centre already has more towers than Surrey, and they have had Skytrain for only 3 years. People don't want to pay the high rise condo premium in Surrey.
Surrey should sell itself as a very affordable alternative for housing, which it is right now, but it could be even more so if they focus on wood frame units, and stacked town-houses. In the long run Surrey would attract more residents.
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I agree with the first statement, Surrey has done a lot of faltering in building towers and a core over the past 20 years, and actually more. But your numbers are wrong:
Surrey Center: 27 completed, 12 UC, 12 proposed
Coquitlam Center: 27 completed, 0 UC, 4 proposed
If you want to talk all of Coquitlam vs all of Surrey, then ok Coquitlam > Surrey in towers, but you said centers.
A big contributor to Surrey's delay though in construction has been historically low land values due in part to the distance from Vancouver combined with the perception of Surrey for decades as being a rough city filled with criminals. That has only shifted in the last 10 years to the point that really only certain parts of city center still hold that stigma, for example the Gateway area, and rightly so. I've lived in Surrey most of my life and still wouldn't buy a place in that area.
That said, if you look at the pipeline of both Surrey and Coquitlam, there is no question that Surrey will end up with a far larger downtown and much of that has to do with simply the size of the "downtown" footprint compared between the two cities.
Surrey has earmarked a size comparable to the Vancouver Downtown peninsula to be the downtown with dense development:
Surrey Central Plan Area: 5.55 sq.km (medium to high density designated)
Coquitlam Center Area: 1.47 sq.km (medium to high density designated)
Granted still work in Coquitlam to do, but there is no way the 1.47km is going to grow massively. Vancouver downtown area is roughly 5.3 sq.km in size if you use Main Street as the "border".
As for positioning itself as the affordable area, it is. This forum plays up all the "high rises" being constructed but I've said it in the past in other threads, for every 1 high-rise under construction or proposed in Surrey, there are 20 townhouse complexes or 4-5 storey condo buildings being built today.
The VAST majority of population growth and housing starts in Surrey are townhouses and medium density outside the central core with areas like Grandview, Morgan Crossing, Cloverdale, Panorama, etc., leading the pack by huge swaths. You can still buy brand new (with warranty) 3-bedroom 1500+ sq foot townhouses with a garage for under $600k in most parts of Surrey even along Fraser Highway which will get SkyTrain eventually.
Good luck on that in many other parts of Metro Vancouver including Coquitlam.