Property Prices in Surrey, Canada

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Index
Price to Income Ratio:	20.18
Mortgage as Percentage of Income:	185.30%
Loan Affordability Index:	0.54
Price to Rent Ratio - City Centre:	28.53
Price to Rent Ratio - Outside of Centre:	31.64
Gross Rental Yield (City Centre):	3.51%
Gross Rental Yield (Outside of Centre):	3.16%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,475.00 C$	2,000.00-2,900.00
Apartment (1 bedroom) Outside of Centre	2,133.33 C$	2,000.00-2,400.00
Apartment (3 bedrooms) in City Centre	4,516.67 C$	3,700.00-5,500.00
Apartment (3 bedrooms) Outside of Centre	3,275.00 C$	2,500.00-4,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,439.99 C$	836.12-2,043.85
Price per Square Feet to Buy Apartment Outside of Centre	1,277.41 C$	743.22-1,811.59
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	3,623.04 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.83	5.50-6.90

These data are based on 68 entries in the past 18 months from 15 different contributors.
Last update: July 2024

Sources and References

Nearby cities:

Property Prices in New Westminster	13.67 miles
Property Prices in Coquitlam	15.13 miles
Property Prices in Burnaby	16.57 miles
Property Prices in Richmond	18.43 miles
Property Prices in Vancouver	23.74 miles
Property Prices in Abbotsford	31.53 miles
Property Prices in Whistler	99.01 miles
Property Prices in Kamloops	203.80 miles
Property Prices in Kelowna	225.89 miles
Property Prices in Penticton	243.13 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	49,000.00
GDP Growth Rate:	3.44%
Population Growth Rate:	0.73%