Best Mortgage Rates in Surrey 2026
Compare the lowest rates from Surrey lenders and find your perfect mortgage
Current Surrey Mortgage Rates
Updated daily with the best rates from Surrey-area lenders.
5-Year Fixed Rate
4.22%
Starting from
5-Year Variable Rate
3.64%
Starting from
Surrey Housing Market Overview
Surrey is a growing community in British Columbia with a population of approximately 600,000. The local housing market offers a range of options from detached homes to condos, with average prices reflecting the city's desirability and growth.
Average Home Prices (2026)
Detached Homes
$1,300,000
Semi-Detached
$950,000
Townhouses
$800,000
Condos
$550,000
Surrey-Specific Considerations
- Land Transfer Tax: BC Property Transfer Tax: 1% on first $200k, 2% on $200k-$2M, 3% on $2M-$3M, 5% on $3M+. First-time buyer exemption up to $500,000.
- Market Trends: Surrey continues to attract buyers due to its natural beauty and mild climate.
- Lender Options: Buyers in Surrey have access to major banks, local credit unions, and online lenders.
First-Time Home Buyers in Surrey
Surrey offers opportunities for first-time buyers with various programs and strategies:
Government Programs
BC first-time buyers may qualify for PTT exemptions up to $500,000 property value. Use the FHSA and HBP programs. Property prices in Surrey are high, so maximizing your down payment is key.
Local Credit Unions
Surrey has several credit unions that offer competitive rates and first-time buyer programs with flexible qualification criteria.
Work with a Broker
A local mortgage broker can shop 20+ lenders to find the best rate for your Surrey purchase.
Lenders in Surrey
Major Banks
RBC, TD, Scotiabank, BMO, CIBC
Established lenders with branches in Surrey
Credit Unions
Local credit unions
Competitive rates, community focus
Monoline Lenders
MCAP, First National, CMLS
Often lowest rates, broker-only access
Online Lenders
Tangerine, EQ Bank, Motusbank
Digital-first, competitive rates
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Tools for Surrey Home Buyers
Free calculators to help you plan your Surrey home purchase. Calculate affordability, payments, taxes, and total costs.
Affordability Calculator
How much home can you afford in Surrey?
Payment Calculator
Monthly payments for Surrey home prices
Land Transfer Tax
British Columbia transfer taxes & rebates
Closing Costs
Total fees to buy in Surrey
CMHC Calculator
Insurance for under 20% down
Rent vs Buy
Should you rent or buy in Surrey?