507 9830 Whalley Boulevard, Surrey — $399,900 · mihom.ca

monthly cost

$2,205/mo

Mortgage $1,760 · Tax $151 · Strata $294

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

estimated payment

$1,760/ monthly

loan $319,920

25-year amortization

down payment20% · $79,98020%+ 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: $208,085
property transfer tax: $5,998; BC general rate
cash to close: $85,978; down + PTT
total paid: $528,005

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: $1,840/mo
after all costs: −$547/mo
cap rate: 3.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,760 · tax $151 · strata $294 · insurance ~$35 · vacancy 3% · upkeep 5%.

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	$354,100	$1,214
2025	$386,600	$1,202

Estimated tax up 1.0% from 2025 to 2026.

The listing shows $1,811 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 43 storey, 180 unit building
360 m away · 2025 · conditionally approved
Rezoning from Urban Residential Zone (R3) and Neighbourhood Commercial Zone (C5) to Comprehensive Development Zone (CD) (based on Town Centre Commercial Zone (C-15) and Multiple Residential Commercial 135 Zone (RM-135); Subdivision (Consolidation) from two (2) lots into one (1) lot; Official Community Plan (OCP) Text Amendment to permit a higher density in the Downtown designation from 7.5 FAR to
Rezoning for a 33 storey, 343 unit building
190 m away · 2023 · under review
OCP Amendment to Figure 16: Downtown Densities from 3.5 FAR to 7.5 FAR; CCP Amendment from Mid to High Rise Residential to High Rise Residential ¿ Type II and to amend the road network on the subject site; Rezoning from RF to CD (based on RM-135); Development Permit to permit the development of a 33-storey high-rise residential tower consisting of approximately 343 dwelling units; Subdivision Cons
Development permit for a 20 storey, 274 unit building
360 m away · 2024 · concluded
Housing Agreement and Development Permit to allow the development of a 20-storey mixed-use tower with a two-storey podium consisting of ground floor commercial and approximately 274 purpose-built rental dwelling units above.
Rezoning for a 24 storey building
330 m away · 2024 · concluded
Rezoning from Urban Residential Zone (R3) to Comprehensive Development Zone (CD) (based on Multiple Residential Commercial 135 Zone (RM-135); Neighbourhood Concept Plan (NCP) Amendment to the City Centre Plan from High Density Employment to High Rise Mixed Use - Type II; Housing Agreement and Development Permit to allow the development of one 24-storey mixed-use high-rise tower with ground floor c
Rezoning for a 6 storey, 159 unit building
100 m away · 2025 · conditionally approved
Rezoning from Town Centre Commercial Zone (C-15) and Quarter Acre Residential Zone (R2) to Comprehensive Development Zone (CD) (based on based on the Multiple Residential 70 Zone (RM-70); Subdivision (Consolidation) from three (3) lots to one (1) lot and an environmental lot and provision of road dedication; Development Variance Permit (a) in Section B.1 Streamside Setback Areas of Part 7A Riparia

And 1 smaller application 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.