Zenterra Breaks Ground At Clayton Crest In Surrey

While developers across Metro Vancouver and the Fraser Valley have been pulling back — cancelling projects and stalling timelines as financing tightens and buyer demand softens — Zenterra Developments is moving forward.

The Surrey-based builder has officially broken ground at Clayton Crest, its master-planned community at 18088 72nd Avenue in West Clayton. The milestone follows a successful pre-sales launch for the community's first two buildings, Atlin and Bute, which sold enough homes to green light construction.

"The market has cooled, but what we're seeing is that well-built homes, priced appropriately and located in desirable areas are still selling. Buyers are more selective right now, and that's understandable. But they continue to show strong interest when the right home comes along," Derek Fenton, VP of Sales and Marketing at Zenterra Developments, said in a release.

Atlin and Bute are the first projects to break ground within the City of Surrey's new Clayton Corridor Community Plan. Together, they bring 198 homes across studio to three-bedroom layouts. Building infrastructure includes a digital concierge system with parcel delivery, elevator fob access, security cameras throughout, and EV charging rough-ins at all parking stalls.

The amenity package spans over 30,000 sq. ft. across the 5.5-acre site, including rooftop patios (with North Shore mountain views), gas fire pits, and community gardens. Residents will also have access to a games room, party lounge, co-working space, fitness centre, three playgrounds, two outdoor fitness areas, and an on-site daycare with priority access for residents.

Clayton Crest sits three blocks from the planned Hillcrest 184th Street SkyTrain station, expected to complete in early 2029 as part of the Surrey-Langley SkyTrain extension. The site has direct access to Highway 1, and the surrounding area is seeing significant public investment — including the 72nd Avenue east-west expansion connecting 152nd Street to Highway 15, a new hospital and cancer centre, École Salish Secondary (now open), and a new community centre (now open).

Zenterra Developments

Fenton credited Zenterra's long-term land strategy for the project's competitive pricing. "One of the reasons we're able to offer homes at such competitive prices is that we acquired this land over the last 15 years. That foresight is what lets us bring genuine value to buyers today," he said.

The supply picture, he added, is something the broader market should be paying attention to. "With so many condo communities being cancelled or paused across the region, we can see another supply shortage coming in a few years. The pipeline is thinning out, and that has real consequences for buyers and the market as a whole."

Zenterra was named Multi-Family Home Builder of the Year at the 2025 CHBA BC Awards — a distinction the company has earned 11 years running from both CHBA BC and HAVAN — and holds more than 35 wins and 120 nominations provincially and nationally.

For buyers still on the fence, Fenton's message is direct: "There are a lot of people still waiting on the sidelines, and I understand the hesitation. But the buyers who are moving now are taking full advantage of the buyers' market, reaping the benefits of sharp pricing, upgraded incentives, and no competing offers. These conditions will not last forever."

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Zenterra Breaks Ground At Clayton Crest In Surrey

​The milestone follows a successful pre-sales launch for the community's first two buildings, Atlin and Bute, which sold enough homes to green light construction.

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The milestone follows a successful pre-sales launch for the community's first two buildings, Atlin and Bute, which sold enough homes to green light construction.

Where the Skeena River meets the Pacific, one kilometre of oceanfront and 135 years of history are yours (for $9 million).

The Metro Vancouver Regional District currently has a portfolio of 3,400 units, and is looking to add 2,000 more across the next 10 years.

While February sales remained 76% below the 10-year average, BILD says recently announced HST relief on new homes, combined with moderating prices and strong inventory, creates a compelling case for buyers to act.

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The Ontario Real Estate Association called development charges "one of the most direct levers available to reduce costs and accelerate construction" of new housing.