Sign In

The Best Mortgage Rates in Surrey

You'll find the best mortgage rates in Surrey on RateSupermarket.ca below.
We compare over 500 mortgage rates in one search from the top lenders including the big banks, credit unions, specialty lenders and different mortgage brokers. You can be sure you're getting the best mortgage rates and saving money.

Best Mortgage Rates Surrey

Best Variable Closed Mortgage Rates

Company Rate Term Offers & details Get details
2.80% 3 Years BC residents only. Get Rate
2.85% 5 Years Get Rate

Rates updated February 3, 2012 09:30:38

Best Variable Open Mortgage Rates

Company Rate Term Offers & details Get details
3.70% 1 Year Get Rate
3.50% 3 Years Home equity line of credit Get Rate
4.00% 5 Years Get Rate

Rates updated February 3, 2012 09:30:38

Best Fixed Closed Mortgage Rates

Company Rate Term Offers & details Get details
4.40% 6 Month Get Rate
2.74% 1 Year Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.74% 2 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.89% 3 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
2.95% 4 Years BC residents only. Get Rate
3.19% 5 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
5.79% 6 Years Get Rate
3.99% 7 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate
6.55% 8 Years Get Rate
6.55% 9 Years Get Rate
3.99% 10 Years Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E Get Rate

Rates updated February 3, 2012 09:30:38

Best Fixed Open Mortgage Rates

Company Rate Term Offers & details Get details
6.20% 6 Month Get Rate
6.30% 1 Year Get Rate

Rates updated February 3, 2012 09:30:38

More About Surrey

Surrey Mortgage Rates Will Slowly increase in 2010

The CMHC best case scenario, expect mortgage rates will continue to slowly increase in 2010 with a one year mortgage rate to be in the 3.6 to 4.8% range and the three and five year mortgage rates to be in the 4.2 to 6.7% range. In 2011, CMHC forecasts that the one year mortgage rate will be in the range of 5.0 to 6.0% whereas, the three and five year mortgage rate will be in the range of 5.6 to 7.2%. However, if the economy recovers at a faster rate than expected, mortgage rates may increase at a more rapid rate.

CMHC Surrey housing market & Surrey mortgage rate forecast

Unfortunately, CMHC doesn't report directly on Surrey's housing or mortgage outlook, but the CMHC has stated that Surrey is forecast to have the strongest housing market for the 2010 and 2011 period. List below is the Vancouver and Victoria information

Census Metropolitan Area Total Housing
Starts
MLS sales MLS average
price
Mortgage rates
(1 year)
Mortgage rates
(5 year)
Vancouver 2009 8,339 36,257 $592,411 7.35% 7.54%
2010 (F) 12,000 35,000 $655,000 6.95% 7.01%
2011 (F) 14,500 34,000 $675,000 6.83% 6.97%
Victoria 2009 1,034 7,660 $476,137 7.35% 7.54%
2010 (F) 1,570 7,300 $508,000 6.95% 7.01%
2011 (F) 1,910 7,200 $522,000 6.83% 6.97%

*Vancouver does not include Surrey, Langley, White Rock and North Delta
Source = CMHC
MLS = Multiple Listings Service
*Last updated January 2010.