How Much Home Can You Afford in Surrey?

Surrey is one of British Columbia's fastest-growing cities and a natural choice for buyers who want more space than Vancouver proper without leaving Metro Vancouver. It shares the region's low property tax rates, and first-time buyers can use BC's Property Transfer Tax exemption, which fully covers qualifying purchases up to $835,000 — a threshold that captures a much larger share of homes in Surrey than in Vancouver.

Rapid population growth, SkyTrain expansion and comparatively attainable townhome and condo prices have made Surrey a focal point for first-time and family buyers alike. Because more of the market sits under the PTT exemption ceiling, Surrey buyers often keep more cash for their down payment, which in turn improves how much they can borrow under the stress test. Use the calculator above to see exactly where you land.