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Mortgage Rates in Surrey

Find your new home in the Metro Vancouver region.

Rates by location
Find the best rates in your area by selecting your province
Home Value
The current purchase price or appraised value of your home
Rate type
The type of the mortgage you are looking for
Down payment
The portion of the purchase price you will be paying upfront
Current mortgage
The remaining amount on your current mortgage

British Columbia Mortgage Rate Comparison (Rate Matrix)

Evaluate all of British Columbia's best mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare pricing for all key mortgage types and terms.

Rates are based on a home value of $400,000

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About Surrey B.C.

Located in B.C.’s Fraser Valley, Surrey is uniquely situated as a port to the Pacific Rim and United States. Home to over 557,000 residents, Surrey has grown substantially over the last 10 years.

Life in Surrey

Surrey is the second-largest city in British Columbia (after Vancouver) and is made up of six major communities known as “town centres:” Whalley/City Centre, Cloverdale, Fleetwood, Guildford, Newton and South Surrey. Each community has something different to offer, from quiet farmland to homes near the beach and active urban areas.

The Housing Market in Surrey

Housing in Surrey is more affordable compared to Vancouver. And given that the city is just 35 minutes away by SkyTrain, many Surrey residents commute to Vancouver for work.

The average home price is just over $855,000 – that’s nearly $355,000 more than the national average, but $170,000 cheaper than neighbouring Vancouver.

Latest mortgage articles

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The Bank of Canada will have more than a month to monitor economic data ahead of its next rate decision meeting planned for early September.
Reverse Mortgage Flexibility Improves, But at a Cost
As more retirees look to reverse mortgages to get through their golden years, one of the country’s two lenders in the space is now offering more options.
Have Bidding Wars for Rentals Changed the Rent vs. Buy Equation?
For hopeful homebuyers shut out by soaring prices, renting has usually been more affordable.