Balanced Market

Mortgage Rates in Surrey, BC

Surrey is Metro Vancouver's fastest-growing city and is projected to surpass Vancouver in population. It offers more affordable entry points to the Metro Vancouver market.

Avg Home Price

$980,000

Benchmark Price

$940,000

Year-Over-Year

2.1%

Best 5-Yr Fixed

4.89%

Today's Best Rates Near Surrey

Rate TypeBest Rate
5-Year Fixed4.89%
5-Year Variable5.45%
3-Year Fixed4.74%
2-Year Fixed5.1%
HELOC6.2%

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Surrey Real Estate Market

Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.

Surrey is Metro Vancouver's fastest-growing city and is projected to surpass Vancouver in population. It offers more affordable entry points to the Metro Vancouver market.

Land Transfer Tax — Surrey

Surrey buyers pay BC's Property Transfer Tax. First-time buyers may be exempt on homes up to $500K.

Neighbourhoods in Surrey

GuildfordNewtonSouth SurreyCloverdaleFleetwood

Frequently Asked Questions

What is the average home price in Surrey BC?
The average home price in Surrey is approximately $980,000, with significant variation between South Surrey (higher) and North Surrey (lower).
Is Surrey a good alternative to Vancouver?
Surrey offers better affordability than Vancouver with improving transit via SkyTrain. South Surrey/White Rock is particularly popular for its suburban feel and beach access.
What are the best neighbourhoods in Surrey?
South Surrey is the most upscale area. Cloverdale has a charming historic core. Guildford and Fleetwood are popular for families. Newton is the most affordable.
Does Surrey have good transit to Vancouver?
Surrey is connected to Vancouver by the SkyTrain Expo Line. The Surrey-Langley SkyTrain extension will further improve transit when complete.
Is Surrey real estate a good investment?
Surrey's population growth, transit expansion, and relative affordability make it one of Metro Vancouver's stronger long-term investment markets.

Other Cities in British Columbia

Get Your Surrey Rate Quote

Licensed British Columbia brokers — free, no credit check.

No credit check. No obligation. Licensed brokers only.