312 15140 108 Avenue, Surrey — $449,900 · mihom.ca

312 15140 108 Avenue, Surrey — $449,900 · mihom.ca

monthly cost

$201,293/mo

Mortgage $1,960 · Tax $198,836 · Strata $497

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

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ 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: $228,131
property transfer tax: $6,998; BC general rate
cash to close: $96,978; down + PTT
total paid: $588,051

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: −$199,377/mo
cap rate: -526.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,960 · tax $198,836 · strata $497 · 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