Your 2025–2026 Guide to Co-Ownership Mortgages in Surrey and Abbotsford
Why Co-Ownership Is Rising Despite the Bank of Canada holding its policy rate at 2.75% , affordability remains one of the biggest barriers for homebuyers in British Columbia. In Surrey, average benchmark home prices sit above $1 million, while even Abbotsford’s more affordable market stretches budgets. One solution growing in popularity is the co-ownership mortgage , where two or more buyers pool resources to purchase a property. Unlike co-signing, all buyers share ownership rights, mortgage liability, and equity growth. For a primer, see co-ownership mortgages in BC . Benefits of Co-Ownership Lower Entry Costs – Buyers split down payments, making it easier to qualify. Stronger Applications – Multiple incomes boost approval odds under stress test rules. Shared Expenses – Maintenance, taxes, and utilities become more manageable. Increased Buying Power – Co-owners can access larger or better-located homes. For context on affordabil...