Khela Real Estate Group

Khela Real Estate Group Khela Real Estate Group is the world’s connection to lucrative real estate investments in the Fraser Valley.

With over 15 years of local experience and hundreds of billions in total transaction value, their unparalleled expertise guides high-net-worth individuals seeking land investment opportunities in the world’s most revered real estate market.

Today, the Bank of Canada has announced that the overnight interest rate will be held steady at the current rate of 2.25...
06/10/2026

Today, the Bank of Canada has announced that the overnight interest rate will be held steady at the current rate of 2.25%, which is the fourth consecutive rate hold of the year.

Due to the conflict in Iran and the continued closure of the Strait of Hormuz, which is a key route for the world’s energy market, oil prices have risen to an average of $106 per barrel. This has increased financial pressure across Canada and the globe, which we’ve seen in the form of rising costs for gas, groceries, and countless other products and services.

On the other hand, Canada’s inflation report, published this past April, shows an easing of core inflation, which is helping the economy absorb more of the market shock of turbulent energy costs and keeping inflation from skyrocketing. Nevertheless, with the Strait of Hormuz unlikely to reopen until September 2026 at the very earliest, many markets are already preparing for prime rate hikes in late 2026 and early 2027.

There’s good news as well, including below-peak interest rates, reduced variable interest rates, and the overall decline of housing prices nationwide, helping to restore affordability to levels not seen since 2008. The rate has now held steady for four announcements in a row, signaling a more predictable environment for borrowers and businesses making longer-term decisions.

The next Bank of Canada interest rate announcement will be made on July 15, 2026. If you have questions about this latest announcement and how it might affect you, I’m happy to discuss in more detail, feel free to reach out.

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Recently, the nation heard from its leader in a presentation from Prime Minister Mark Carney. And while he covered a lot...
06/09/2026

Recently, the nation heard from its leader in a presentation from Prime Minister Mark Carney. And while he covered a lot of ground in his address, one key area that caught my attention was his notable optimism for British Columbia in particular. Here are a few of the key takeaways for British Columbians to take from this address:

◾️ The government is making housing affordability a key focus, with several near-term improvements poised to take advantage of easing availability pressures

◾️ We’re expecting to see more forward guidance in the next 1 to 2 years, with an emphasis on forming and expanding agreements and connections across sectors and regions

◾️ Canada continues to strengthen its position as a global leader in low-risk, low-cost carbon supply, with BC presenting some of the most significant opportunities in LNG, wood pulp and fibre, and other natural resources

◾️ Canada’s clean energy future is on track, with electrification and grid expansion plans aiming to significantly reduce emissions while creating an estimated $15 billion in savings

◾️ BC is set to benefit from the accelerated development of critical minerals industries, unlocking a potential $18 billion for its economy

◾️ Canada is positioned as one of the most attractive destinations for infrastructure investment, and one-third of national projects in progress are located in BC

These are just some of the most impactful points of Prime Minister Carney’s presentation, but I highly recommend reading through the full address if you’re interested in learning his wider sentiments on Canada’s position and trajectory.

To me, these takeaways are early signals of a more supportive environment for business confidence, labour market stability, and development activity in Surrey’s downtown. It shows that BC is a key part of Canada’s future, and with Surrey well on its way to becoming the province’s economic powerhouse, it shows that an investment here is an investment in the nation.

Thank you to Madeleine Nicholls, CEO of the Downtown Surrey BIA, for attending the presentation on behalf of DSBIA and gathering such invaluable insights.

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harpkhela.com

What’s happening in the City of Surrey and City of Vancouver - Local Government this month? Summer is just around the co...
06/04/2026

What’s happening in the City of Surrey and City of Vancouver - Local Government this month?

Summer is just around the corner, which means there’s no shortage of great community activities to be a part of throughout the city. It’s the best time of year to take in cultural celebrations, sporting events, and events supporting social causes important to our communities. Here are a few I’m looking forward to in June:

🔹 Car Free Day: June 6 | 12 to 8 PM
🔹 Surrey Soccer Fan Zones: June 11 - July 19
🔹FWC26Vancouver: June 13 - July 7
🔹National Indigenous Peoples Day Celebration and Wellness Event: June 21 | 2-7 PM
🔹Pride Festival: June 28

I feel incredibly fortunate to live in a place where world-class events and important social moments like these happen right in my backyard, and I hope you’ll join me in getting out there and being a part of it.

These are just a handful of events taking place this month, but it’s by no means an exhaustive list. Let me know what other events you’re looking forward to around Surrey this month in the comments below.

Discover Surrey

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harpkhela.com

In partnership with the team at Colliers Canada, Khela Real Estate Group is pleased to bring this court-ordered sale to...
05/28/2026

In partnership with the team at Colliers Canada, Khela Real Estate Group is pleased to bring this court-ordered sale to market in Surrey’s Redwood Heights neighbourhood.

Located at 2658, 2642, and 2608 176 St., this 29.5-acre land assembly is made up of three parcels, each designated for Townhouse and Multiple Residential Use. The asking price is $60,000,000, and offers are subject to court approval.

Ideally located around several planned and existing parks, the Grandview Heights area, and with proximity to King George Boulevard, these properties present an invaluable, long-term opportunity to invest in the future development of Redwood Heights as it becomes yet another fixture in Surrey’s expansion and redevelopment.

If you’re looking to learn more about this new listing, don’t hesitate to reach out directly.

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harpkhela.com

05/27/2026

Did you know close to 80% of Surrey workers rely on a personal vehicle to conduct their daily business?

Last month, I joined CBC News to speak to findings from the Surrey Roads Survey Report, published by the Surrey & White Rock Board of Trade.

Among those surveyed, worsening traffic ranked as one of the most pressing challenges they face. These numbers reflect a practical reality that transit options are not yet meeting the demands of a city this size.

City of Surrey's transit options aren’t meeting the demands of the city at its current size. And considering Surrey’s population is on track to eclipse Vancouver’s by 2030, it’s clear that we need to be looking for a new infrastructure planning solution today.

The good news is, progress is being made. The RapidBus line on King George Boulevard and the Highway 1 Corridor Improvement Project are meaningful steps forward to help alleviate congestion on key routes in Surrey. But incremental gains measured against demand this significant are not a long-term strategy. What this region needs is coordinated investment in road network efficiency, expanded transit coverage outside peak hours, and stronger regional planning across Metro Vancouver.

For businesses operating in Surrey, this is not a commute issue. It affects workforce access, logistics, client relationships, and location decisions. The commercial case for getting this right is as strong as the civic one.

If this is affecting how you operate or where you choose to locate, I want to hear about it. Share your experience in the comments.

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harpkhela.com

Last week, Surrey Mayor Brenda Locke held the annual State of the City address. In it, she not only reflected on the ci...
05/21/2026

Last week, Surrey Mayor Brenda Locke held the annual State of the City address. In it, she not only reflected on the city’s successes over the past year, but also provided a glimpse into the future as the City of Surrey becomes the economic engine of British Columbia.

Mayor Locke outlined Surrey’s plans to accommodate the city’s rapid growth, build the infrastructure needed as an emerging major Canadian city, and most importantly, expand and strengthen public safety resources.

Here are some of the most significant initiatives and announcements that stood out:

◾️ A new, 15-acre training campus will be built in the Anniedale-Tynehead region for specialized police, fire, and emergency personnel

◾️ The city will add more than 560 police officers, firefighters, bylaw officers, and other staff to the city’s emergency response services over the next five years

◾️ Frontline police, fire, and bylaw facilities in City Centre, South Surrey, and Cloverdale will be expanded and renewed

◾️ A new convention centre of up to 200,000 square feet is planned to be built in Cloverdale

◾️ The city is considering a new three-sheet ice arena in the fast-growing South Surrey area

Mayor Locke said it best: “Surrey is not waiting for permission to grow into its future—we are building it.” These investments in public safety, infrastructure, and the local economy show that Surrey has a clear plan for the future, and I’m looking forward to seeing how our city continues to take shape.

For more on the State of the City address and the vision for Surrey’s future, visit surrey.ca

I’m excited to announce a new retail strata opportunity in the heart of North Delta’s fastest-growing community.Our team...
05/19/2026

I’m excited to announce a new retail strata opportunity in the heart of North Delta’s fastest-growing community.

Our team at Khela Real Estate Group was awarded the opportunity to list commercial opportunities at Walker House, a new mixed-use tower soaring 29 stories above the North Delta skyline. Located at 11989 93A Ave, just off of the city’s bustling Scott Road corridor, and near King George SkyTrain station, this development offers outstanding connectivity to local amenities and services to the growing community of North Delta.

This concrete tower features a residential community above three ground-floor retail spaces. One of which has recently sold and will become a 2,336 sq. ft. community daycare serving residents in the tower and surrounding area. That leaves just two retail units available at Walker House:

◾️ CRU 1 – 1,744 sq. ft. – $2,616,000
◾️ CRU 2 – 1,408 sq. ft. – $2,112,000

These units present an incredible opportunity to own your future in a vibrant, walkable, and connected community, and to be a part of this bold new vision of Delta. To learn more about this listing and book a tour, reach out to me directly or visit walkerhousedelta.com

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North Surrey is about to see a major new housing development, one that’s poised to benefit nearby areas and help contrib...
05/13/2026

North Surrey is about to see a major new housing development, one that’s poised to benefit nearby areas and help contribute to the region’s continuing growth.

I had the opportunity to represent the seller of this 10.09-acre land assembly located in the Tynehead area. The buyer, BM Group, plans to develop the site into 173 townhomes. This development will be the largest and the first of its kind in Tynehead to date, but BM Group’s ambitions don’t end here.

BM Group and its president, Milan Mann, are positioning themselves as long-term contributors to the wider development of the Tynehead region. As Mann puts it, “this project is setting the tone for future residential growth” in the neighbourhood, and I’m expecting this transaction to make waves across the industry.

The peak of the market was $500,000-plus a door near this site. With this site now transacting at $200,000 a door, it’s a real wakeup call to witness the reset our industry is facing.

It reflects where the market actually sits today, and it’s a necessary recalibration for anyone still anchored to pre-correction benchmarks. The City of Surrey is in need of new housing developments to support its massive growth, and this project is among the few actually being delivered.

BM Group’s decision to invest in this development is something real. Surrey has built a reputation for approaching growth with pragmatism and a clear focus on housing delivery. A project of this scale is a signal that serious developers are taking that reputation seriously.

If you’re curious to learn more about this project and what it means for Surrey as a whole, read this recent article on surreynowleader.com, and if you have further questions related to opportunities in the market, don’t hesitate to get in touch.

Photo Credits: Surrey Now Leader

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harpkhela.com

After two years of meaningful work as Chair of the Downtown Surrey BIA, my term has come to a close.Serving the DSBIA ha...
05/07/2026

After two years of meaningful work as Chair of the Downtown Surrey BIA, my term has come to a close.

Serving the DSBIA has been a genuine honour. Over the past two years, the board accomplished work I'm proud of, including:

◾️Deepening relationships with city stakeholders including the DSBIA and City of Surrey.
◾️Contributing to programming and education initiatives around the SFU Medical Centres and surrounding area.
◾️Supporting the DSBIA through a pivotal transition, including the recruitment and hiring of its next CEO.

I’m passing the torch to the inimitable Perminder Tung. Perminder is an exceptional lawyer, mediator, and longtime community advocate in his hometown of Surrey, and he’s the right person to lead as Chair as DSBIA enters its next chapter.

I’ll still be associated with the DSBIA and will continue to work closely with Perminder through the transition to ensure continuity and momentum for the organization.

To everyone who supported me during this term, thank you. I’d especially like to extend my gratitude to DSBIA CEO Madeleine Nicholls and former CEO Elizabeth Model, as well as to my fellow board members. Your commitment to collaboration and sharing your passions for creating a better Surrey has been truly inspiring, and I’m forever grateful for the experience of working alongside you all.

I’m looking forward to getting started on what’s next.

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harpkhela.com

Recently, the Surrey & White Rock Board of Trade published their latest Surrey Roads Survey Report. A reliable, efficien...
05/05/2026

Recently, the Surrey & White Rock Board of Trade published their latest Surrey Roads Survey Report.

A reliable, efficient transportation system is fundamental to building strong, competitive, and connected business communities. Acting on our mandate to be the voice of business in The City of Surrey, the SWRBOT set out to gather the facts on transportation challenges that affect economic activity, goods movement, and daily mobility in the Surrey area.

The report drew participants from across Surrey and White Rock, bringing together voices from professional services, real estate, finance, manufacturing, and several other industries.

Here are a few fascinating insights that caught my eye as we went over the final report earlier this spring:

◾️ The top transportation challenges reported in Surrey are a lack of transit coverage, limited service hours, and heavy road construction
◾️ Among those surveyed, 82% drive their own vehicle, and 7% use public transit, with minimal use of cycling, car pooling, or walking
◾️ About 75% of respondents reported that traffic congestion moderately or significantly affects their businesses
◾️ The majority of employees and business operators surveyed spend between 1 and 2 hours per day traveling on Surrey’s roads for work
◾️ 40% of those surveyed agreed that the 152 Street Overpass at Highway 99 is most in need of improvement, followed by 16 Avenue and the New 24 Avenue and Highway 99 interchange

With the data collected, SWRBOT has made its recommendations to the city for 2026. These include a new emphasis on investments in road network efficiency and reducing congestion, expanding transit frequency and connectivity, and strengthening regional transportation planning and coordination across Metro Vancouver.

Transportation infrastructure shapes how businesses grow, how goods move, and how people show up to work every day. This report puts the data behind what Surrey's business community has been experiencing firsthand. To read the report in full, visit swrbot.com.

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https://swrbot.com/resources/swrbot-roads-survey-shows-congestion-and-connectivity-remain-top-transportation-challenges-in-surrey/

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