The Integrated Homicide Investigation Team said on Twitter one man was found dead after officers heard reports of shots fired.
Police are releasing few details at this time, but an update is expected on Monday.
The death comes as high-profile civic parties in Surrey reaffirm public safety as a major issue in the upcoming November municipal elections.
Days before, officers declared they were looking for the alleged killer of a 17-year-old girl named Serena Vermeersch.
Last December, hockey mom Julie Paskall was killed while picking up her son from practice, raising safety concerns in the community.