502 8972 Fleetwood Way, Surrey — $619,900 · mihom.ca

monthly cost

$3,453/mo

Mortgage $2,728 · Tax $233 · Strata $491

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

estimated payment

$2,728/ monthly

loan $495,920

25-year amortization

down payment20% · $123,98020%+ 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: $322,560
property transfer tax: $10,398; BC general rate
cash to close: $134,378; down + PTT
total paid: $818,480

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: −$1,677/mo
cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,728 · tax $233 · strata $491 · insurance ~$175 · 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	$643,000	$2,204
2025	$679,000	$2,111

Estimated tax up 4.4% from 2025 to 2026.

The listing shows $2,801 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 48 storey, 589 unit building
400 m away · 2023 · under review
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone RM-135) Community Commercial Zone (C-8); Subdivision (Consolidation) from five (5) lots into one (1) lot; Official Community Plan (OCP) Amendment from Urban to Multiple Residential and to allow a higher density in the Multiple Residential designation; Town Centre Plan (TCP) Amen
Rezoning for a 19 storey, 520 unit building
330 m away · 2025 · under review
Rezoning from Highway Commercial Industrial Zone (CHI) Community Commercial Zone (C-8) and Comprehensive Development Zone (CD) to Comprehensive Development Zone (CD) (based on Multiple Residential 135 Zone (RM-135) and Community Commercial Zone (C-8); Subdivision from three (3) lots into one (1) lot; Official Community Plan (OCP) Amendment from Commercial to Multiple Residential Text Amendment fro
Rezoning for a 31 storey, 358 unit building
250 m away · 2024 · conditionally approved
Rezoning from from Highway Commercial Industrial Zone (CHI) to Comprehensive Development Zone (CD) (based on the High-Rise Apartment with Commercial Zone (MR9-C); Subdivision (consolidation) from two (2) lots into one (1) lot; Official Community Plan (OCP) Amendment from Mid-Rise II to High-Rise II; Development Permit of a 31-storey mixed use tower containing 358 residential units and 438 square m
Rezoning for a 6 storey, 325 unit building
310 m away · 2023 · conditionally approved
Rezoning from Comprehensive Development Zone (CD) to Comprehensive Development Zone (CD) (based on Multiple Residential 70 Zone (RM-70) Community Commercial Zone (C-8); Development Permit to permit development of two six-storey mixed-use buildings containing 325 dwelling units and 19 commercial rental units with two levels of underground parking.
Rezoning
230 m away · 2025 · concluded
Rezoning from Community Commercial Zone (C8) to Comprehensive Development Zone (CD) (based on Community Commercial Zone (C8); Liquor and Cannabis Regulation Branch Recommendation to permit a cannabis retail store in an existing commercial retail unit.

And 2 smaller applications nearby.

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.