Best mortgage rates in Surrey.
Today’s best rate in Surrey is 3.60%. We compare Surrey mortgage rates across 50+ Canadian lenders and lock your best on one application — no bureau pull to start.
The best mortgage rate in Surrey today is approximately 3.60% — about $4,763/month on Surrey’s benchmark price of $1,180,000 with 20% down over 25 years. Largest Punjabi-speaking market in Canada; multi-gen + newcomer flow.
Rates illustrative; your file (credit, income, LTV) sets your personalized rate. See all British Columbia rates →
Surrey mortgage payments by term
| Term | Best rate | Est. monthly payment* |
|---|---|---|
| 5-Year Fixed | 3.94% | $4,935/mo |
| 5-Year VariableLowest | 3.60% | $4,763/mo |
| 3-Year Fixed | 3.84% | $4,884/mo |
| 3-Year Variable | 3.65% | $4,788/mo |
| 2-Year Fixed | 4.14% | $5,038/mo |
| 1-Year Fixed | 4.24% | $5,089/mo |
| 4-Year Fixed | 3.89% | $4,909/mo |
| 7-Year Fixed | 4.99% | $5,485/mo |
| 10-Year Fixed | 5.14% | $5,566/mo |
A worked example for Surrey
On Surrey’s benchmark price of $1,180,000 with 20% down, the mortgage is about $944,000. At today’s best rate of 3.60% over a 25-year amortization, that’s roughly $4,763/month using Canadian semi-annual compounding. Model your own price and down payment in the payment calculator, and see the income you’d need.
Getting the best mortgage rate in Surrey.
The posted rate you see advertised isn’t the rate you get. In Surrey, your number is set by your credit score, your down payment / loan-to-value, whether the mortgage is insured, and the property type — and by which lender’s broker-channel pricing fits your file. Largest Punjabi-speaking market in Canada; multi-gen + newcomer flow.
What’s specific to British Columbia: BC has unusually strong credit-union competition — Vancity and Coast Capital frequently undercut Big-6 rates and qualify at contract rate (not stress-test), making them a routine first-look for renewal and refi files in Greater Vancouver. On top of the rate, budget for bc property transfer tax (ptt) — 1% on the first $200K of purchase price, 2% on the portion to $2M, 3% on the portion to $3M, and 5% above $3M. First-time buyers can be fully exempt from PTT on homes up to $500K with partial relief up to $835K. The Newly Built Home Exemption can fully exempt purchases up to $750K when buying new construction.
We compare Surrey mortgage rates across 50+ lenders — banks, monolines and British Columbia credit unions like RBC and Scotiabank — on a single application, then hold your best rate for 90-120 days. This is the rate-shopping side; for the full local service — pre-approval strategy, document help, a dedicated advisor — see our Surrey mortgage broker page. Run your numbers on the payment calculator.
Surrey mortgage rates — FAQ
What is the best mortgage rate in Surrey right now?
Are Surrey mortgage rates different from the rest of Canada?
What land transfer tax will I pay in Surrey?
Can I lock a Surrey rate before I buy?
Do I need a local Surrey broker for the best rate?
Whatever your situation in Surrey
First home, renewal, refinance, investor or self-employed — there's a path for your file, with the same 50+ lender network.
First-time buyers
5% down to your first Surrey home, with FHSA + RRSP HBP optimization.
Refinancing
Unlock Surrey equity for renovations, debt consolidation, or investing.
Renewing
Don't auto-renew — most clients beat their bank's first offer by 30-60 bps.
Self-employed
Business-for-self files priced right — A-lender, alt-A and private compared.
Investors
Build your Surrey rental portfolio — multi-unit and DSCR-style products.
New to Canada
Newcomer programs at the big banks; international credit accepted.
6 reasons to shop your Surrey mortgage rate through a broker
Why Surrey buyers and renewers compare the whole market instead of signing their bank's first offer.
50+ lenders compete — not one
A Surrey bank shows you one rate sheet. We put your file in front of 50+ lenders who bid for it, then pass on the volume pricing we hold.
Broker-channel pricing
The wholesale rate we access is typically 15-30 bps below a bank's posted rate — you can't get it walking into a branch.
A local Surrey market read
Largest Punjabi-speaking market in Canada; multi-gen + newcomer flow.
Your rate held 90-120 days
A pre-approval locks today's rate while you shop, and many lenders honour a drop if rates fall before closing.
No bureau pull to start
We shop your Surrey rate and pre-qualify you with no hard credit check, so comparing costs nothing.
Best-rate guarantee
We'll beat any comparable Big-6 offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop your Surrey rate with us
- 50+ lenders on one application — banks, monolines, and British Columbia credit unions.
- Broker-channel rates 15-30 bps below posted.
- Local Surrey market knowledge paired with national lender access.
- FSRA-licensed advice in 50+ languages, online or in person.
We arrange mortgages across Surrey — Newton, Whalley, Cloverdale, Fleetwood, Guildford, South Surrey and beyond — online or in person, with the same 50+ lender panel and FSRA-licensed advice.