Property Prices in Surrey, Canada

Index Info
Price to Income Ratio: 7.60
Mortgage as Percentage of Income: 51.69%
Loan Affordability Index: 1.93
Price to Rent Ratio - City Centre: 23.69
Price to Rent Ratio - Outside of Centre: 18.13
Gross Rental Yield (City Centre): 4.22%
Gross Rental Yield (Outside of Centre): 5.52%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,716.67 C$ 1,400.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,318.75 C$ 1,100.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,928.57 C$ 2,200.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,314.29 C$ 1,900.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 804.83 C$ 530.00-1,013.99
Price per Square Feet to Buy Apartment Outside of Centre 479.20 C$ 275.00-2,322.56
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,545.11 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.24 2.30-3.95

These data are based on 104 entries in the past 18 months from 22 different contributors.
Last update: June 2021

Sources and References
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