![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/02\/metro-vancouver-surrey-housing.jpg\")
<\/a><\/p>\nPhoto: Robert Linsdell\/Flickr<\/a><\/em><\/p>\n Move over, Vancouver. Surrey has had the second-fastest rising home prices in North America over the past five years, suggests a study of 83 major North American cities that also sees five other Canadian cities make the top 10.<\/p>\n Between 2013 and 2018, Surrey home prices soared 88 percent \u2014 which works out to an increase of $395,287 in Canadian dollars \u2014 according to Point2 Homes<\/a>, an online real estate portal with millions of monthly visits.<\/p>\n\n The Point2 Homes team says population growth is a big factor supporting the rapid price appreciation Surrey is experiencing. Its relative affordability \u2014 at least compared to nearby Vancouver, where the benchmark price of a home is $1,019,600 \u2014 is also playing a part in creating demand.<\/p>\n \u201cEmployment, investments and average income are easily comparable to those in Vancouver. With more affordable pricing and demand growing, Surrey has been changing and people see the value in this market. Vancouverites are fleeing the crazy city prices and Surrey provides them affordability with its benchmark home price of almost $850,000,\u201d reads an email statement attributed to analysts.<\/p>\n