Under your rent
40
$389,900
$565/sqft
1 bd · 1 ba · 690 sqft
#315, 7505 138 Street
Surrey · Apartment/Condo
~$1,848/mo
Listed by Keller Williams Bold RealtyMLS® R3168073
Rent vs own
What your rent could own in Surrey.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $999,999
- Homes at or under it
- 714
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 714 homes listed at or under it in Surrey.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $999,999
- Homes at or under it
- 714
Source: Current MLS® listings.
What each rent buys
In Surrey, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $472,999 under Surrey's $999,999 median home price. 714 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Surrey homes around a $2,500 rent
714 active listings
Under your rent
9
$399,000
$386/sqft
2 bd · 2 ba · 1,034 sqft
#313, 10756 138 Street
Surrey · Apartment/Condo
~$1,891/mo
Listed by Macdonald Realty (Delta)MLS® R3171553
Under your rent
28
$368,000
$640/sqft
1 bd · 1 ba · 575 sqft
#2410, 13618 100 Avenue
Surrey · Apartment/Condo
~$1,744/mo
Listed by Multiple Realty Ltd.MLS® R3172626
Under your rent
40
$383,000
$361/sqft
3 bd · 2 ba · 1,060 sqft
#15, 1840 160 Street
Surrey · Manufactured Home
~$1,815/mo
Listed by Macdonald Realty (Surrey/152)MLS® R3168782
Under your rent
22
$520,000
$670/sqft
2 bd · 2 ba · 776 sqft
B107 – 9689 140th Street
Surrey · Apartment/Condo
~$2,465/mo
Listed by Nu Stream Realty Inc.MLS® R3168061
Under your rent
33
$447,000
$458/sqft
2 bd · 2 ba · 976 sqft
#107, 13965 16 Avenue
Surrey · Apartment/Condo
~$2,119/mo
Listed by Sutton Group-West Coast Realty (Surrey/24)MLS® R3173713
Under your rent
5
$325,000
$356/sqft
2 bd · 1 ba · 912 sqft
#317, 15268 100 Avenue
Surrey · Apartment/Condo
~$1,540/mo
Listed by Team 3000 Realty Ltd.MLS® R3174043
Under your rent
9
$482,800
$680/sqft
2 bd · 1 ba · 710 sqft
#301, 5398 207 Street
Surrey · Apartment/Condo
~$2,288/mo
Listed by RE/MAX Crest RealtyMLS® R3121369
Under your rent
28
$474,900
$436/sqft
2 bd · 2 ba · 1,089 sqft
#106, 15272 20 Avenue
Surrey · Apartment/Condo
~$2,251/mo
Listed by 2 Percent Realty West CoastMLS® R3168830
Under your rent
10
$385,000
$819/sqft
1 bd · 1 ba · 470 sqft
#203, 13350 Central Avenue
Surrey · Apartment/Condo
~$1,825/mo
Listed by Team 3000 Realty Ltd.MLS® R3172209
Under your rent
40
$459,000
$760/sqft
1 bd · 1 ba · 604 sqft
#505, 9887 Whalley Boulevard
Surrey · Apartment/Condo
~$2,176/mo
Listed by eXp RealtyMLS® R3172690
Under your rent
31
$524,000
$665/sqft
2 bd · 2 ba · 788 sqft
#304, 13963 105 Boulevard
Surrey · Apartment/Condo
~$2,484/mo
Listed by RE/MAX City RealtyMLS® R3171609
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Surrey
Listings and market data for Surrey.
Neighbourhoods in Surrey
Narrow your search to a specific Surrey neighbourhood.
Nearby cities
Compare Surrey with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.