Property Prices in Surrey, Canada

Index Info
Price to Income Ratio: 7.80
Mortgage as Percentage of Income: 53.81%
Loan Affordability Index: 1.86
Price to Rent Ratio - City Centre: 21.69
Price to Rent Ratio - Outside of Centre: 20.59
Gross Rental Yield (City Centre): 4.61%
Gross Rental Yield (Outside of Centre): 4.86%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,583.33 C$ 1,200.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,268.75 C$ 1,000.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,928.57 C$ 2,200.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,262.50 C$ 1,900.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 704.83 C$ 400.00-1,013.99
Price per Square Feet to Buy Apartment Outside of Centre 527.20 C$ 275.00-2,322.56
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,250.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.40 2.30-5.00

These data are based on 108 entries in the past 18 months from 22 different contributors.
Last update: January 2021

Sources and References
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