12353 81A Avenue, Surrey — $1,528,888 · mihom.ca

12353 81A Avenue, Surrey — $1,528,888 · mihom.ca

monthly cost

$7,315/mo

Mortgage $6,729 · Tax $586

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$6,729/ monthly

loan $1,223,110

25-year amortization

down payment20% · $305,77820%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $795,544
property transfer tax: $28,578; BC general rate
cash to close: $334,356; down + PTT
total paid: $2,018,654

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $1,840/mo
your cost after the suite: $5,797/mo; vs $7,490 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,729 · tax $586 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Surrey: CMHC's average there ($1,602) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

property tax by year

year	assessed	est. tax
2026	$1,480,000	$5,072

The listing shows $7,032 a year in property tax.

Estimate: the BC Assessment value times Surrey's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.