The average condo price in Surrey is roughly $756,000 in 2026. With 20% down and a ~4.5% mortgage rate over 25 years, that is about $3,362 a month — a payment that moves every time the Bank of Canada changes its rate. Compare the overall Surrey average and Surrey detached prices.
The average condo price in Surrey is about $756,000 in 2026. With 20% down at a ~4.5% mortgage rate over 25 years, that is roughly $3,362 a month — a payment that moves whenever the Bank of Canada changes its 2.25% policy rate.
Condos are the entry point to the Surrey market — smaller, denser and typically the most affordable way in. They are also the most rate-sensitive segment, because first-time buyers stretch to qualify, so a Bank of Canada move hits condo affordability first.
Illustrative math at a ~4.5% rate, 25-year amortization, 20% down:
| Average condo price | $756,000 |
| Down payment (20%) | $151,200 |
| Mortgage amount | $604,800 |
| Assumed rate | ~4.5% (5-yr, illustrative) |
| Estimated monthly payment | $3,362 |
These are illustrative estimates, not quotes. Surrey condo and detached prices vary widely by neighbourhood and month — verify with local real estate boards.
Your mortgage on a condo tracks the same national policy rate as every other buyer. Watch the current rate and the next move on the rate tracker and decision schedule, and see the prime rate that variable mortgages price off.
Approximately $756,000 in 2026 (illustrative estimate).
On a $756,000 condo with 20% down at ~4.5% over 25 years, roughly $3,362 per month (illustrative).