Interchange.

Overview

Interchange is a 133-home wood-frame development at 10488 140B Street, Surrey, BC, in Surrey City Centre. Homes run 399 to 1,162 sq. ft. Blended pricing is around $750 per sq. ft. Estimated completion is 2028.

Plans start at 399 sq. ft., so the release spans studios through to 1,162 sq. ft. family plans, worth knowing that the per-foot average below blends two quite different products.

Location

Surrey City Centre is the region’s second downtown in everything but name. King George and Surrey Central Stations put you on the Expo Line, SFU’s Surrey campus sits inside Central City, and Surrey Memorial Hospital, City Hall and the central library are all within the core. Holland Park anchors the green space. It is also where the Surrey–Langley SkyTrain extension begins, which will make this the transfer point for everything east of here.

The homes

• 133 homes, wood-frame construction
• 399 – 1,162 sq. ft.
• Blended pricing around $750 per sq. ft.
• At that blended rate, roughly $299,000 for the smallest plan and $872,000 for the largest
• 15% deposit
• Estimated completion 2028
• Status: Now Selling

How the pricing compares

Measured against 40 other Surrey wood-frame projects in my database, the median blended price is $793 per sq. ft. Interchange at $750 is within a few percent of it, effectively at market. That makes this a decision about the specific home rather than about the price level: orientation, floor, plan efficiency and outlook are what will differentiate your outcome here.

Direct comparables

Priced under it: Briza at $721 per sq. ft. Priced over it: Hartley – Willow (Building 2) at $785, Hartley – Hemlock (Building 1) at $799, Hartley – Cedar (Building 3) at $810 per sq. ft. Those are the projects worth putting side by side with this one.

Narrowed to Surrey City Centre specifically (7 comparable projects), the local median is $810, putting Interchange roughly 7% below its immediate neighbours.

What I would check before you sign

1. The length of the commitment. A completion this far out means you are agreeing today to a mortgage you will not qualify for until roughly the end of the decade, under lending rules that do not exist yet. You qualify at completion, not at signing.
2. The deposit schedule: 15% total, but the staging is what hits your cash flow.
3. The assignment clause. Some developers restrict it outright; know before you sign.
4. GST and the first-time buyer rebate. In this price band the rebate changes the arithmetic materially. Worth running the numbers before you commit.
5. The unsold inventory specifically. On a selling project this tells you a lot.
6. Strata fees against the projected budget, not the launch estimate.

I will read the disclosure statement with you before your deposit deadline if that is useful. It is the step most buyers skip and the one that costs money. Reach out for floor plans and current availability at Interchange.

Find it on the map.

10488 140B Street, Surrey, BC