Mission Real Estate Market Report
Executive Summary
Eyal PevznerLocal expert · MissionThe Mission, British Columbia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $832K, down 7.5% year-over-year.
There are currently 587 active listings. Inventory has increased 21.8% compared to last month.
Currently, the average price per square foot is $488.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $832K | $900K |
| Active Listings | 587 | 587 |
| Detached Benchmark | $935K | $1.3M |
| Townhouse Benchmark | $631K | $629K |
| Apartment Benchmark | $426K | $629K |
Detached properties make up the largest share of the Mission market at 76% of active listings with an average price of $1.3M. Condo listings follow at 24% (avg $629K).
Sales Activity & Absorption
Volume
Market Signals
100 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Mission BC | 360 | $1.2M |
| Hatzic | 51 | $1.0M |
| Mission-West | 46 | $1.7M |
| Lake Errock | 27 | $665K |
| Hemlock | 25 | $578K |
| Dewdney Deroche | 20 | $3.5M |
| Stave Falls | 19 | $1.7M |
| Durieu | 15 | $1.8M |
| Steelhead | 8 | $1.1M |
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
The market is relatively balanced between buyers and sellers. The Mission market currently has 587 active listings with a median price of $900K.
According to Fraser Valley Real Estate Board, the composite benchmark price is $832K (-7.5% year-over-year).
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $488
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark statistics from Fraser Valley Real Estate Board. Prepared by Eyal Pevzner with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 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.