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What our users say:

March 29
Contacting back
Contacting back
Leslie Castor
March 29
Friendly fast service
Friendly fast service
Brian Maxwell
March 28
fast and efficiant
fast and efficiant
Robert Lutala Lastname
March 28
The representative was very helpful & knowledgeable
The representative was very helpful
Arun Manchanda
March 27
Smoothe as silk
Smoothe as silk. Knew what I wanted right away. Not a second wasted.
Mike
March 25
Had a great experience as of now
Had a great experience as of now Always trying to help me
R.C.
March 24
The representatives are fantastic
The representatives are fantastic. Excellent experience!!
Kelsi MacIsaac
March 23
The people
The people. Polite, knowledgeable and had a customer service attitude.
David Campbell
March 22
Great Rate
Perfect at finding great rate. Only negative would be the wait time in the phone...
Ron Beauchamp
March 21
Efficiency and Trust worthy
Efficiency and Trust worthy, Excellent customer care and hardworking staffs.
Randy Nyeche woluchor
March 20
EXcellent service while obtaining quote
EXcellent service while obtaining quote
harvey scott
March 18
Useful information can be found
Useful information can be found
Sadoum Tim
March 18
Very helpful and friendly.
Very helpful and friendly.
Larry Haynes
March 18
They listen and also give you great…
They listen and also give you great suggestions.
Ahmed Bottan
March 18
Very skilled and intelligent.
Answer all my questions and concerns. Very knowledgeable.
Barry John

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When you find the best quote, secure your Surrey mortgage rate by talking to a licensed broker or agent.

Compare mortgage rates in Surrey.

The hot Surrey housing market can be traced to one key factor: lower mortgage rates. Mortgage rates in Surrey are near record lows right now, and competition among lenders in the city — and in BC generally — has never been greater.

You can let those lenders compete for your business right here at LowestRates.ca. We’ll help you compare the best rates from the top brokers and banks in Surrey — just like that.

Variable Rates

As low as

%

Fixed Rates

As low as

%

Cha-ching! Our rates are always lower than the posted bank rates.

Current lowest posted bank rate

6.84%

Variable or fixed: which is lower?

One of the most important decisions Surrey borrowers will make is whether to choose a variable rate or a fixed rate mortgage. We compared the 5-year variable and the 5-year fixed rates that have been available on our site (and taken by our users) since the start of 2019. Our findings? While there has been some fluctuation, variable rates are just a bit lower than fixed rates.

5-year fixed vs. 5-year variable mortgage rates in British Columbia

MonthFixedVariable
07/24 4.74%6.05%
08/24 4.78%6.05%
09/24 4.79%6.05%
10/24 4.99%6.35%
11/24 4.63%6.35%
12/24 4.90%6.35%
01/25 4.79%6.35%
02/25 4.89%6.35%
03/25 4.79%6.35%

Last Updated: April 1, 2025

Focus On

Surrey housing.

Surrey home prices rose steadily through 2019, a trend which has continued into 2020. Prices average above $1 million. This is fairly par for the course in major B.C. cities, as you can see below.

Single-detached family home prices in B.C. year-over-year

MonthSurreyVancouverVictoriaBurnaby
October, 2019$985,500$1,803,800$1,422,400$1,400,000
November, 2019$995,500$1,737,500$1,335,000$1,409,500
December, 2019$1,040,000$1,775,000$1,432,500$1,495,500
January, 2020$1,020,000$1,875,000$1,460,000$1,444,750
February, 2020$1,074,000$1,930,000$1,485,895$1,430,000
March, 2020$1,072,500$1,970,000$1,435,000$1,550,000
April, 2020$1,078,000$2,096,000$1,360,000$1,462,500
May, 2020$1,125,000$2,028,000$1,333,000$1,477,000
June, 2020$1,090,000$1,798,000$1,426,500$1,509,000
July, 2020$1,136,500$1,777,777$1,568,000$1,482,500
August, 2020$1,120,000$1,966,500$1,618,000$1,589,900

Last Updated: October 19th, 2020

Source: Zolo

About Surrey.

With a dynamic economy and well-planned neighbourhoods, Surrey is the second largest city in British Columbia and expected to outgrow Vancouver within 10 years.

Just 35 minutes from downtown Vancouver, Surrey is highly accessible and offers something for everyone: city life, outdoor life, and everything in between.

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