Mission Real Estate Market Report
Executive Summary
Dan BraunLocal expert · MissionThe Mission, British Columbia real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $838K, down 6.5% year-over-year.
There are currently 648 active listings, representing 12 months of inventory. According to Fraser Valley Real Estate Board, there were 40 sales and 126 new listings in June 2026. Inventory has increased 120.4% compared to last month.
Currently, listings spend an average of 31 days on market and the average price per square foot is $632.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $838K | $900K |
| Active Listings | 382 | 648 |
| Detached Benchmark | $942K | $1.4M |
| Townhouse Benchmark | $645K | $729K |
| Apartment Benchmark | $423K | $405K |
Detached properties make up the largest share of the Mission market at 85% of active listings with an average price of $1.4M. Condo listings follow at 10% (avg $405K).
Sales Activity & Absorption
Volume
Market Signals
Fraser Valley Real Estate Board reported 40 sales this period, 354 new listings appeared in the past month, 188 sellers reduced their asking price.
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
With 12 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Montgomery | 12 | $480K |
| Tunbridge Crossing | 8 | $745K |
| Epp129011 | 6 | $899K |
| College Heights | 6 | $1.2M |
| Spencer Estates | 6 | $480K |
| River Reach Estates | 5 | $880K |
| Tapadera Estates | 5 | $270K |
| Skyview | 5 | $772K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Mission market currently has 648 active listings with a median price of $900K and 12 months of inventory.
According to Fraser Valley Real Estate Board, the composite benchmark price is $838K (-6.5% year-over-year). There were 40 sales recorded
- High inventory (12 months) favors buyers
- Prices declining (-20.6% in 30 days)
- High price reduction rate (29% of listings)
- Low sell-through rate (8%)
- Average price per square foot is $632
- Sold properties averaged -12 days on market
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Fraser Valley Real Estate Board. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.