15 7155 189 Street, Surrey — $799,000 · mihom.ca

15 7155 189 Street, Surrey — $799,000 · mihom.ca

monthly cost

$4,134/mo

Mortgage $3,481 · Tax $286 · Strata $367

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,481/ monthly

loan $639,200

25-year amortization

down payment20% · $159,80020%+ down: no mortgage insuranceinterest rate4.34%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: $405,150
property transfer tax: $13,980; BC general rate
cash to close: $173,780; down + PTT
total paid: $1,044,350

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

rent: $2,310/mo
after all costs: −$2,184/mo
cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,481 · tax $286 · strata $367 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Surrey: CMHC's average there ($1,956) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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	$780,000	$2,673
2025	$817,000	$2,539

Estimated tax up 5.3% from 2025 to 2026.

The listing shows $3,427 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.

development nearby

Rezoning for a 6 storey, 375 unit building
340 m away · 2024 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (Consolidation) from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment from Commercial to Multiple Residential and a Text Amendment to permit a higher density up to 2.9 FAR under the Multiple Residential designation; Neighbourhood Con
Rezoning for a 6 storey, 342 unit building
270 m away · 2025 · conditionally approved
Rezoning from Acreage Residential Zone (RA) to Comprehensive Development Zone (CD); Subdivision from three (3) lots into two (2) lots; Official Community Plan (OCP) Amendment for a portion of the site from Commercial to Multiple Residential; Neighbourhood Concept Plan (NCP) Amendment to West Clayton for a portion of the site from Mixed Use Commercial Residential to Townhouse Apartment Flex; Housin
Rezoning for a 6 storey, 213 unit building
310 m away · 2023 · conditionally approved
OCP Amendment from Commercial to Multiple Residential and to Figure 42: Major Employment Areas; OCP Text Amendment to allow a higher density in the Multiple Residential designation; NCP Amendment from Mixed-Use Commercial/ Residential: Village Node (1.5 FAR) to Mixed-Use Commercial/ Residential: Village Node (2.5 FAR Gross); Rezoning from RA to CD Development Permit to allow the development of one
Rezoning for 155 homes
370 m away · 2018 · under review
Rezoning from RA to RM-30 Subdivision from two (2) lots to four (4) lots NCP Amendment from Urban Residential (10 + 4 UPA Bonus) to Townhouse Residential (22 + 5 UPA Bonus) and a Development Permit in order to construct a townhouse development consisting of 155 residential units
Rezoning for 52 homes
380 m away · 2025 · under review
Subdivision from one (1) into two (2) lots Rezoning from RA to RM-30 and a Development Permit to allow for 52 townhouse units to be developed over two sites. Development Variance Permit to to increase the maximum number of riser permitted within the setback to reduce the east side yard setback and to reduce the minimum permit private amenity space requirements.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Surrey development applications.