207 10438 148 Street, Surrey — $314,800 · mihom.ca

207 10438 148 Street, Surrey — $314,800 · mihom.ca

monthly cost

$1,999/mo

Mortgage $1,385 · Tax $168 · Strata $446

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

estimated payment

$1,385/ monthly

loan $251,840

25-year amortization

down payment20% · $62,96020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $163,803
property transfer tax: $4,296; BC general rate
cash to close: $67,256; down + PTT
total paid: $415,643

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: $2,120/mo
after all costs: −$83/mo
cap rate: 5.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,385 · tax $168 · strata $446 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Surrey: CMHC's average there ($1,872) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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	$415,700	$1,425
2025	$451,800	$1,404

Estimated tax up 1.5% from 2025 to 2026.

The listing shows $2,011 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 30 storey, 445 unit building
150 m away · 2023 · conditionally approved
Rezoning from Downtown Commercial Zone (C-35) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8); Subdivision (Consolidation) from two (2) lots into one (1) lot; Official Community Plan (OCP) Amendment to allow higher density in the Town Centre designation; Neighbourhood Concept Plan (NCP) Amendment to allow for a density of
Rezoning for a 6 storey, 192 unit building
170 m away · 2023 · concluded
OCP Amendment from Commercial to Multiple Residential; NCP Amendment from High Rise Residential and High Rise Mixed Use to Low to Mid Rise Residential; Rezoning from C-35 to CD (based on RM-70); Development Permit for the development of two 6-storey apartment buildings with approximately 192 dwelling units and underground parking in Guildford.
Rezoning for a 6 storey, 182 unit building
270 m away · 2023 · conditionally approved
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone) RM-70); Subdivision (Consolidation) from six (6) lots into one (1); Development Permit to allow the development of two 6 storey apartment buildings with approximately 182 dwelling units and underground parking on a consolidated site.
Rezoning for a 6 storey, 93 unit building
290 m away · 2023 · concluded
Rezoning from Single Family Residential Zone (RF) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70); Subdivision (Consolidation) from four (4) lots into one (1); Neighbourhood Concept Plan (NCP) Amendment from Low Rise Transition Residential to Low to Mid Rise Residential; Development Permit to allow the development of a 6-storey residential building containing
Rezoning
380 m away · 2025 · concluded
Rezoning from Community Commercial Zone (C-8) to a Comprehensive Development Zone (CD) (based on C-8); Liquor and Cannabis Regulation Branch Recommendation to permit a cannabis retail store in an existing commercial retail unit

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.