Is The Loop finished, or still being built?

Both. Earlier phases are built and lived in, and Gramercy’s page reads FINAL PHASE NOW SELLING as of August 23, 2026. The display homes are on site, so you can walk the plan you are buying. Completion dates for the remaining homes come from the sales team.

What sizes are the homes?

Nine plans between 1,249 and 1,715 square feet, over three levels with a garage on the lower floor. The smaller plans are two bedrooms with a flex room, and three of them are drawn so the flex room works as a third bedroom. The four-bedroom Waverly is the largest at 1,659 to 1,715. Every plan sheet is on this page.

What does the Property Transfer Tax come to?

A new home at or under the Newly Built Home exemption threshold pays none of it, and the exemption phases out above that. The figures are in the table above and the estimator runs your own price. A first-time buyer may also qualify for the federal rebate that takes the 5% Goods and Services Tax off a new home.

What is the deposit and the strata fee?

Gramercy publishes neither. The deposit is set by your purchase agreement and the strata fee by the budget in the disclosure statement, and you should have both in writing before the rescission period ends.

What does it mean that Momentum Realty runs the sales?

Momentum Realty Inc. is the brokerage the developer engaged to market and sell the homes, and the brokerage Bronson is licensed with. Availability, pricing and the written offer come first-hand. Representation, and that the developer pays the buyer’s agent fee, is set out in the rights section above.

What rights do I have on a BC presale purchase?

The Real Estate Development Marketing Act gives you the developer’s filed disclosure statement before you sign and seven days, from the later of signing and receiving it, to cancel in writing with your deposit returned. Read the strata bylaws, the budget and the parking allocation in it before the seven days run.

Can I rent a Loop home out, and are pets allowed?

Both, and unusually for this list, the pet limit is a published figure. Gramercy’s frequently-asked-questions sheet, dated December 5, 2025, sets it at two dogs, two cats, or one of each. The same sheet says rentals are allowed, which is worth reading as a description rather than a concession: no British Columbia strata has been able to restrict long-term rentals since November 24, 2022. Under 30 days is another matter, restrictable by the strata and by Surrey. That sheet is now eight months old, so confirm the pet numbers against the registered bylaws.

Presale · South Surrey· Gramercy Developments Ltd.Now selling

The LoopPresale townhomes by Gramercy Developments Ltd. in South Surrey.

The Loop is 194 townhomes by Gramercy between 23 and 24 Avenue in South Surrey, laid out around a central trail with two amenity buildings on it. Nine plans run from two bedrooms and a flex room at 1,249 square feet to four bedrooms at 1,715. Earlier phases are built and lived in, the final phase is selling, and the display homes are on site, so a buyer walks the real thing. Momentum Realty Inc. markets and sells it.

Homes: 194 townhomes, two to four bedrooms, 1,249 to 1,715 square feet; the final phase is selling
Completion: Earlier phases are built and occupied; dates for the final phase come from the sales team
Pricing and offers: Released by the sales team; the current sheet, sent the same day

Get pricing, plans or a visitCall or text 778-867-2766

101+ presale homes sold with Bronson representing the buyer. When would you like to see The Loop?

Renderings and photographs courtesy of Gramercy Developments.

At a glance

Developer: Gramercy Developments Ltd., of 201-3088 Croydon Drive, Surrey
Community: 194 townhomes over three levels with a garage on the lower floor, arranged around the Loop Trail and two amenity buildings, The Hideaway and The Locker. The count of 194 is Momentum’s; Gramercy’s own page states the plan types and sizes but no total.as of Aug 23, 2026
Warranty: Travelers third-party warranty: two years workmanship and materials, five years water penetration, ten years structural defectsas of Aug 23, 2026
Location: 2350 165 Street, between 23 and 24 Avenue, South Surrey

Verified Aug 23, 2026; next review Sep 23, 2026.

Three reasons to look now

Planning, being implemented
Sunnyside Heights neighbourhood plan
The plan sets what may be built on the land around this one, and who pays for the parks and roads that come with it.
On record
The Loop sits inside Sunnyside Heights, the second neighbourhood plan area in Surrey’s wider Grandview Heights community. The City puts its edges at 168 Street on the east, 24 Avenue on the north and the Highway 99 corridor on the west, covering about 153 hectares (379 acres), with the protected Fergus Watershed Biodiversity Preserve past its southern boundary. Council approved the Stage 2 plan in 2010 and amended the southern portion in 2017. The City describes the plan as now being implemented.
City of Surrey, Sunnyside Heights neighbourhood concept plan, read 2026-08-23

Floor plans and homes

The Tribeca · two bedrooms plus flex, or a junior three bedroom, three baths, 1,249 to 1,300 sq ft, 3 bath
The Crosby · two bedrooms plus flex, or a junior three bedroom, three baths, 1,249 to 1,300 sq ft, 3 bath
The Hudson 2.0 · junior three bedroom, three baths, 1,249 to 1,299 sq ft, 3 bath
The Chelsea · two bedrooms plus flex, two and a half baths, 1,257 to 1,300 sq ft, 2.5 bath
The Cortland · two bedrooms plus flex, two and a half baths, 1,257 to 1,300 sq ft, 2.5 bath
The Bryant · three bedrooms, two and a half baths, 1,495 to 1,508 sq ft, 2.5 bath
The Highline · four bedrooms, two and a half baths, 1,532 to 1,588 sq ft, 2.5 bath
The Waverly 2.0 · four bedrooms, three and a half baths, 1,597 sq ft, 3.5 bath
The Waverly · four bedrooms, three and a half baths, 1,659 to 1,715 sq ft, 3.5 bath

Square footage as printed by Gramercy Developments, The-Tribeca.pdf; the disclosure statement and the plan attached to your contract govern.

Gramercy’s own plan sheets, as published: Every plan in one sheet (PDF) · Site map (PDF).

Finishes

· Two colour schemes, Liberty White and Flatiron Gray, chosen at the presentation centre
· Nine-foot ceilings on the main floor, shaker doors, flat stock baseboards, vinyl plank on the main and lower floors and wool-blend carpet on the stairs and upper floor
· Wood-grain kitchen cabinets with quartz counters, a geometric ceramic backsplash, a double-bowl undermount sink with waste disposal, soft-close drawers and a desk or breakfast bar
· Quartz counters and oversized porcelain tile in the bathrooms; the ensuite has two sinks, mirrored storage and a frameless glass shower
· Forced-air heating with air conditioning optional, a Navien hot water tank, a gas line roughed in for a barbecue and an electric-vehicle outlet roughed in for Level 2 charging
· Two-by-six exterior walls with R24 insulation, double-glazed windows, hardwired smoke and carbon monoxide detectors, and Telus fibre capability

Amenities

The Loop Trail through the middle of the community: a walking path, a Scandinavian outdoor gym, picnic tables, a communal gas fire pit and a log play area
The Hideaway: a social lounge with a full kitchen and a deck over the trail, and a communal work-from-home space
The Locker: cardio equipment, an open fitness area and a water station
An outdoor dog wash
Visitor parking

Pricing

How pricing is released

Pricing is released by the sales team, and the final phase is what is left.

Gramercy publishes plans and sizes but no prices. Momentum Realty Inc. runs the sales, so what remains in the final phase, and at what price, comes first-hand. Register for the sheet and it goes out the same day.

The display homes are open on site, so the home you are pricing is one you can walk through first.

as of Aug 23, 2026

Incentives

A $20,000 summer credit off the purchase price of the two bedroom plus flex homes, with air conditioning and a gas barbecue bib included at no cost in every home. The sales team sent those terms on August 24, 2026 and gave no end date for the credit, so ask for one in writing before you count on it.

Get the current sheet

Cost at a glance

Press Estimate, enter the price from the sales sheet and answer four tax questions: the transfer tax, the GST, the deposit and the balance at completion, every rate from the Fact Bank.

What else to budget

Deposit structure: Ten per cent of the purchase price in two instalments, per Gramercy’s frequently-asked-questions sheet dated December 5, 2025: $5,000 by bank draft with the offer, then the balance to ten per cent within seven days of the end of the rescission period, by bank draft or wire. Deposits are held in trust by Oval Village Law. The sheet is eight months old, so confirm the schedule in the purchase agreement before you sign. (as of Aug 24, 2026)
Pets: Two dogs, two cats, or one of each, per the same December 2025 sheet. (as of Aug 24, 2026)
Rentals: Allowed, per the same December 2025 sheet. British Columbia banned strata rental restrictions in 2022, so this is the statutory position rather than a concession. (as of Aug 24, 2026)
Strata (maintenance) fee: Gramercy’s own frequently-asked-questions sheet, dated December 5, 2025, gives it as approximately $0.20 a square foot with Dwell Property Management running the strata. On a 1,500 square foot home that is about $300 a month. The sheet is eight months old and the figure is an estimate, so the disclosure statement budget is what binds. (as of Aug 24, 2026)
Parking: A garage on the lower floor of each home, with an electric-vehicle outlet roughed in for Level 2 charging; visitor parking through the site. (as of Aug 23, 2026)
Property taxes: Not published. Surrey’s rate and the assessment set the figure once the home is assessed. (as of Aug 23, 2026)
Warranty: Travelers third-party warranty: two years workmanship and materials, five years water penetration, ten years structural defects. (as of Aug 23, 2026)

On the market now

Homes listed for sale at The Loop’s addresses, from the MLS® feed, each with its listing brokerage. Sold prices are not shown here.

Nothing listed at 2350 165 right now. Release pricing comes from the sales team; register for the current sheet.

More at the address page.

Location

The Loop occupies the block between 23 and 24 Avenue, entered from 165 Street, and its homes face a trail and a central green rather than the street. Gramercy’s own list of what is close by (read August 23, 2026) runs to Crescent Beach, Kwomais Point, the White Rock pier, Redwood Park, the Nicomekl Rowing Club and the Grandview Heights Aquatic Centre at 168 Street and 24 Avenue. Momentum’s page adds the shops at Morgan Crossing.

· Crescent Beach and Kwomais Point
· The White Rock pier
· Redwood Park and the Nicomekl Rowing Club
· Grandview Heights Aquatic Centre, 168 Street at 24 Avenue
· The shops at Morgan Crossing (per Momentum’s project page)
· Schools are not listed here because catchments change; confirm any address with the Surrey School District

Neighbourhood: South Surrey area guide · South Surrey buyer’s guide.

Why South Surrey, why now

More on record, each with its source and date: reasons to look closely, not a forecast.

Tax relief on a new home
Newly Built Home exemption (Property Transfer Tax)
On a new condo or townhome under the threshold, the provincial transfer tax disappears; the estimator above runs your figure.
On record
The Newly Built Home exemption is full at or under $1,100,000 of fair market value and phases out to $0 at $1,150,000. It is for a Canadian citizen or permanent resident who will live in the home.
BC Government, Newly Built Home Exemption; Fact Bank bc.ptt.newly_built_exemption, re-verified 2026-08-09
Property Transfer Tax calculator
Tax relief on a new home
First-Time Home Buyers' GST Rebate
On a $700,000 new condo that is $35,000 a first-time buyer does not pay.
On record
Bill C-4 (Royal Assent March 12, 2026) takes the full 5% GST off a new home priced up to $1,000,000 for a qualifying first-time buyer, with a reduced rebate up to $1,500,000 and a $50,000 maximum. It applies to agreements entered on or after March 20, 2025 and before 2031.
Government of Canada, Bill C-4; Fact Bank ca.gst.new_housing_rebate, re-verified 2026-08-09

South Surrey resale market now

What finished homes nearby trade for today: the board’s index and the live inventory, each dated.

Market snapshot · August 2026

South Surrey · HPI Benchmark

Benchmark price

$1.01M

Month over month

-0.1%

Year over year

-7.2%

Sales (month)

133

Active listings

1,177

Months of inventory

8.5

Fraser Valley Real Estate Board / Greater Vancouver REALTORS composite Home Price Index (HPI) — the industry-standard measure of typical home value, adjusted for property mix. Soft supply (buyers’ territory).

See the South Surrey HPI chart on Market Insights

Source: Fraser Valley Real Estate Board · Real Estate Board of Greater Vancouver. Composite (all property types). HPI benchmarks are aggregate measures — specific properties may transact above or below.

A year of history: South Surrey area guide.

The developer

Gramercy Developments Ltd. builds from an office at 201-3088 Croydon Drive in Surrey and keeps a homeowner services team with an online portal for owners after completion. Momentum Realty Inc. markets and sells The Loop. Developer site: gramercy.ca/home/the-loop.

Developer:: Gramercy Developments Ltd.
Marketing and sales:: Momentum Realty Inc.

Is this project still being built for sale?

Presale projects in a slow market convert to rental or stop, and a developer’s own page keeps saying “now selling” either way. Every new home in British Columbia is registered with BC Housing before it is built, and that registration says which it is. Here is what the registry held for The Loop on August 25, 2026.

Registered for sale, with home warranty insurance

32 registrations at this address, held by Gramercy Grandview Developments Ltd. as the builder of record. Homes registered this way are covered by the 2-5-10 warranty and may be sold to you.

Source: BC Housing New Homes Registry, read August 25, 2026. Checked again on every review of this page.

Your protections under BC law

Disclosure statement first
The developer must give you its filed disclosure statement before you sign.
Seven days to cancel
From the later of signing and receiving that statement; cancel in writing and the deposit comes back.
Deposits held in trust
Unless the developer carries deposit protection insurance; ask which applies here.

Real Estate Development Marketing Act, sections 18 and 21: bclaws.gov.bc.ca. Selling before completion: presale assignment and how it is taxed.

Get pricing and plans, or book a visit

Marketing and sales by Momentum Realty Inc., the brokerage Bronson is licensed with. Representation on your purchase is settled before you visit.

Say what you want; the answer comes the same day.

Google reviews: 66 of 68 five stars (Sep 11, 2026)
Presale homes: 101+ since 2016
Transactions: 337 since 2016
Here since: Lifelong Langley, licensed 2015

Read the reviews: 4.9· 68 Google reviews. Momentum Realty Inc., 216-20353 64 Avenue, Langley, BC V2Y 1N5.

Visits are booked here: choose a day above and the confirmation carries the address and time. A buyer who has already visited can still be represented from this point.

Questions buyers ask about The Loop

Is The Loop finished, or still being built?
Both. Earlier phases are built and lived in, and Gramercy’s page reads FINAL PHASE NOW SELLING as of August 23, 2026. The display homes are on site, so you can walk the plan you are buying. Completion dates for the remaining homes come from the sales team.
What sizes are the homes?
Nine plans between 1,249 and 1,715 square feet, over three levels with a garage on the lower floor. The smaller plans are two bedrooms with a flex room, and three of them are drawn so the flex room works as a third bedroom. The four-bedroom Waverly is the largest at 1,659 to 1,715. Every plan sheet is on this page.
What does the Property Transfer Tax come to?
A new home at or under the Newly Built Home exemption threshold pays none of it, and the exemption phases out above that. The figures are in the table above and the estimator runs your own price. A first-time buyer may also qualify for the federal rebate that takes the 5% Goods and Services Tax off a new home.
What is the deposit and the strata fee?
Gramercy publishes neither. The deposit is set by your purchase agreement and the strata fee by the budget in the disclosure statement, and you should have both in writing before the rescission period ends.
What does it mean that Momentum Realty runs the sales?
Momentum Realty Inc. is the brokerage the developer engaged to market and sell the homes, and the brokerage Bronson is licensed with. Availability, pricing and the written offer come first-hand. Representation, and that the developer pays the buyer’s agent fee, is set out in the rights section above.
What rights do I have on a BC presale purchase?
The Real Estate Development Marketing Act gives you the developer’s filed disclosure statement before you sign and seven days, from the later of signing and receiving it, to cancel in writing with your deposit returned. Read the strata bylaws, the budget and the parking allocation in it before the seven days run.
Can I rent a Loop home out, and are pets allowed?
Both, and unusually for this list, the pet limit is a published figure. Gramercy’s frequently-asked-questions sheet, dated December 5, 2025, sets it at two dogs, two cats, or one of each. The same sheet says rentals are allowed, which is worth reading as a description rather than a concession: no British Columbia strata has been able to restrict long-term rentals since November 24, 2022. Under 30 days is another matter, restrictable by the strata and by Surrey. That sheet is now eight months old, so confirm the pet numbers against the registered bylaws.

What to read next

· All presale pages
· Selling a presale assignment: consent, what it fetches, the three taxes
· Townside Village presale · townhomes and condos by Warwickshire Homes, Willoughby, Langley; now selling as of Jun 19, 2026
· Solana presale · condos by Zenterra Developments, Willoughby, Langley; now selling as of Aug 21, 2026
· The Hive 2 presale · condos by Apcon Group, Willoughby, Langley; move-in ready as of Aug 23, 2026
· South Village presale · condos by Vesta Properties, Latimer, Langley; now selling as of Aug 23, 2026
· North Village presale · condos by Vesta Properties, Latimer, Langley; now selling as of Aug 23, 2026
· Kensington Gate presale · condos and townhomes by Quadra Homes, Willoughby, Langley; move-in ready as of Aug 23, 2026
· Walnut Park presale · condos by Quadra Homes, Willoughby, Langley; move-in ready as of Aug 23, 2026
· Jericho Park presale · condos by Essence Properties, Willoughby, Langley; now selling as of Aug 24, 2026
· Gordon Square presale · townhomes and duplexes by Paddington Properties, Willoughby, Langley; now selling as of Aug 24, 2026
· The Merchant presale · condos by Wesmont Homes, Langley City; now selling as of Aug 26, 2026
· Scale presale · condos by Scale Projects, Langley City; coming soon as of Aug 24, 2026
· Cascadia presale · townhomes by StreetSide Developments, Willoughby, Langley; now selling as of Aug 24, 2026
· Jethro presale · condos by Whitetail Homes, Langley City; now selling as of Aug 24, 2026
· Elijah presale · condos by Whitetail Homes, Langley City; now selling as of Aug 25, 2026
· Eden presale · condos by Zenterra Developments, Willoughby, Langley; now selling as of Aug 26, 2026
· Galilea presale · condos by Whitetail Homes, Surrey City Centre; move-in ready as of Aug 26, 2026
· Gabriel presale · condos by Whitetail Homes, Surrey City Centre; move-in ready as of Aug 26, 2026
· Unity South Langley presale · condos by Whitetail Homes, Langley City; move-in ready as of Aug 26, 2026
· South Surrey buyer’s guide · Property Transfer Tax calculator · Presale assignment

How this page stays current: update log and sources

· Every fact carries its source’s date. Verified August 23, 2026; review by September 23, 2026.
· Updates come from the sales team and the developer’s own publications, each logged with its date. A figure with no source is shown as not on record, never estimated.
· Renderings and photographs are the developer’s own, credited. The photographs are Gramercy’s, of the display homes and the finished phases. A dated site photograph of our own appears here once taken.

Aug 26, 2026
The sales team sent a $20,000 summer credit off the two bedroom plus flex homes on August 24, 2026, with air conditioning and a gas barbecue bib included at no cost across the community. This page said the day before that no offer was advertised, which was true of the website and is no longer true of the sales desk. No end date was given for the credit. (Gramercy Developments, The Loop sales team email, August 24, 2026)
Aug 24, 2026
Gramercy also has an unlinked five-page floor-plan set on their server, and it is not used here. It is dated February 2024 and the lineup has moved since: it carries a two-bedroom-plus-flex Hudson that no longer appears, omits the Tribeca, Chelsea, Cortland and both Waverly plans, and gives the Highline as 1,522 to 1,571 square feet where the current sheet gives 1,532 to 1,588. The current sheets stay. Worth re-checking if Gramercy ever replaces that file. (gramercy.ca, The Loop floor plans, February 2024)
Aug 24, 2026
Gramercy publishes a frequently-asked-questions sheet dated December 5, 2025 and links it from no page on their site. It states two things this page said were not published: the deposit structure, ten per cent in two instalments starting at $5,000, and the strata fee, about $0.20 a square foot. Both are now on the page, attributed to that sheet by date. It also gives the pet limit and confirms rentals are allowed. (gramercy.ca, The Loop frequently asked questions, December 5, 2025)
Aug 24, 2026
The same sheet credits Fifth Avenue Real Estate Marketing where the March 2026 feature sheet credits Momentum Realty, so the marketing changed hands between them. That is why every figure taken from the December sheet carries its date here. (gramercy.ca, The Loop frequently asked questions and 2026 feature sheet)
Aug 23, 2026
Page published from Gramercy’s project page, its nine plan sheets and 2026 site map, Momentum’s project page, and the City of Surrey’s Sunnyside Heights plan. (bronsonjob.com)
Aug 23, 2026
Gramercy’s page reads FINAL PHASE NOW SELLING; Momentum’s reads Now Selling, 194 townhomes. (gramercy.ca; momentuminc.com)
Aug 23, 2026
Fact-check against the plan sheets: The Hudson 2.0’s sheet reads junior three bedroom where the website’s plan card reads two bedrooms plus flex. The sheets are used here. Unit-type codes are not published on this page; three of the nine sheets carry them and they change as homes sell. (Gramercy Developments, The Loop plan sheets)