Mortgage Rates in Surrey, BC
Compare live mortgage rates from 50+ lenders serving Surrey. Free quotes from licensed BC mortgage brokers — no credit check required.
Current Best Rate
4.89%
5-Year Fixed
Avg Home Price
$980,000
Market
Balanced MarketGet Surrey Mortgage Quotes
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Current Surrey Mortgage Rates
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.10% |
| 1-Year Fixed | 5.65% |
| HELOC | 6.20% |
*Based on $980,000 home price, 20% down ($784,000 mortgage), 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026. Best rates available to qualified borrowers with 20%+ down payment.
The Surrey Mortgage Market
Surrey's mortgage market is Metro Vancouver's growth story, with the city projected to surpass Vancouver in population and offering more accessible entry points to one of Canada's strongest real estate markets. Average home prices of $980,000 in Surrey reflect significant variation — South Surrey/White Rock commands $1.2M+ while North Surrey communities can be found under $800,000.
At current 5-year fixed rates of 4.89%, a Surrey buyer with 20% down pays approximately $4,583/month. BC's Property Transfer Tax applies with first-time buyer exemptions on homes up to $500,000 — covering some Surrey condos and townhouses. Budget approximately $17,000–$22,000 for PTT on a typical Surrey purchase.
Surrey's ongoing SkyTrain expansion (Surrey-Langley extension) is expected to drive appreciation along the new corridor, mirroring the appreciation seen along the Expo Line in established Surrey communities. Simon Fraser University's Surrey campus and Kwantlen Polytechnic University create educational anchors with associated rental demand.
South Surrey's Grandview Heights and Morgan Crossing neighbourhoods offer suburban family living with strong school catchments at prices reflecting the area's premium positioning. Newton and North Surrey offer more affordable entry points with excellent access to Surrey Central SkyTrain and the Fraser Highway corridor.