Opened in 1980, the shopping centre is named after the nearby Semiahmoo Bay and is currently anchored by Save-On-Foods and Winners.

In 2013, the mall featured one of only three remaining Zellers-branded department stores still operating in the country, with plans for the brand to continue as a crossover with Hudson's Bay.

[5] In March 2010, Semiahmoo Shopping Centre went through a much-needed upgrade to the interior of the mall.

Plans for residential and commercial redevelopment were put on hold amid concerns that nearby developments in Grandview Heights and Morgan Crossing affected the commercial and residential viability of the town centre.

[6] Bosa sold the mall in June 2010 to First Capital Realty, an investment company.