Surrey Mortgage Rates
Save thousands of dollars with the best mortgage rates in Surrey. Compare bank, broker and specialty lender rates today on RateSupermarket.ca.
|Best Fixed Mortgage Rates||Best Variable Mortgage Rates|
|2.59%||Get Rate »||Get Rate »|
|2.59%||Get Rate »||2.45%||Get Rate »|
|3.19%||Get Rate »||2.15%||Get Rate »|
|Fixed Mortgage Rates provide you with the security of never going up over your term. The most popular fixed mortgage rate term is five years.||Variable Mortgage Rates go up and down with the current prime rate. As they carry a higher risk, they generally offer a lower rate.|
The # 1 City in BC to Invest in Real Estate
Located in BC's Fraser Valley, Surrey is uniquely situated as a port to the Pacific Rim and United States, and features two international border crossings and two international airports.
- Surrey is home to the world's first Peace Arch, which was built in 1921 to celebrate 100 years of peace between Canada and the United States.
- The city was named after Surrey, England, after reminding New Westminster municipal clerk H.J. Brewer about his hometown in 1879.
- Surrey is seven years older than Vancouver, and is located only 35 minutes away by SkyTrain rapid transit.
5 Things You Need To Know About Buying In Surrey
1. Looking to buy a detached home? Surrey is considered a more affordable alternative to living in the city of Vancouver with a greater supply of single detached homes under construction, at 533-709 starts in 2014.
2. The average home price in Surrey is $518,000 (the provincial average is $567,300, and $808,000 for Greater Vancouver).
3. Surrey is poised for growth, projected to rival Vancouver's population by 2040. Currently the city is home to 468,251 residents.
4. Geographically, Surrey is a huge city at 1663 square km, large enough to fit Vancouver, Burnaby and Richmond combined. Due to its size, it is a car-centric municipality with some public transit bus services. Owning a vehicle is highly recommended for getting around in the city.
5. Surrey contains offers a unique opportunity for rural living within a city; the region contains one third of the Greater Vancouver Area's farmland.
Frequently Asked Question: Copy: What is the Home Owner Grant, and am I eligible for it?
Governed by the BC Ministry of Finance, the Home Owner Grant can save home owners up to $570 on their property taxes. The grant is applicable to all registered property owners who are Canadian citizens or Landed Immigrants. The grant must be applied for each year once the property tax notice has been received. If filed late, penalty fees may incur on the grant amount.
Surrey Housing Statistics
Conveniently located near Vancouver, Surrey provides a more affordable alternative to commuters, families and those who appreciate an outdoor lifestyle. A larger land mass lends more leeway to a greater number of housing developments in both single and multiple housing categories.
|Property Prices: High||Quality of Life Index: High|
|Cost of Living: High||Traffic Index: High|
Buying Property in Surrey – Important Links
Looking for more information about buying a home and living in Surrey, BC? RateSupermarket.ca recommends the following resources for finding your dream home and community.
Get Greater Vancouver and Surrey regional housing statistics from the British Columbia Real Estate Association.
See the cost of entertainment, dining, transit and more will cost in Surrey with the Cost of Living Index.
Find information about public transit in the City of Surrey.
Looking for a school in Surrey? Find more information about the Surrey board of education and BC school districts.
New to Canada? The City of Surrey Immigrant Settlement Agencies can help you make the city your home.
Mortgage Rates in Canada (by City)
Want to review rates for your specific city? Quickly access below…