Cedar Valley, Mission - August 2026 Real Estate Report

Cedar Valley, Mission: What Your Home Is Actually Worth Right Now

If you live in Cedar Valley and your last gut-check on your home's value was the city's tax assessment notice, you're probably sitting on a number that's already out of date. Here's the real picture.

The Vibe: What's Happening on Our Streets

Cedar Valley is holding steady - not setting the world on fire, but not falling apart either. The neighbourhood saw 11 property transactions in 2026 across 2,049 assessed properties, and that transaction volume ranks 2nd in all of Mission. That means when homes here do sell, people notice.

Year-over-year growth dipped a tiny 0.01%. Call it a breather. The fundamentals are still solid.

Houses: The Honest Numbers

If you own a house in Cedar Valley, here's what we're looking at right now:

• Average HonestDoor Price: $1,225,770 - up 0.19% from last period
• Predicted market value: $1,223,967 - trending up from the 3-month average of $1,217,377
• Recent price change: up 1.06%
• Average assessed value: $1,150,430
• The gap: HonestDoor Price runs 6.55% higher than that government assessment
• Average sale price: $932,500, at roughly $511 per square foot
• Estimated monthly rent: $4,753, with a rental yield of 4.47%
• Airbnb potential: $236 per night - ranked 6th in Mission for short-term rental income

On the neighbourhood leaderboard, Cedar Valley houses rank 7 out of 12 for growth in Mission - below average, but the upward trend in predicted values is a good sign heading into summer. Price rank sits at 5 out of 8, which puts us in the mid-range for Mission. Not the cheapest, not the priciest.

How do we stack up against the neighbours? Silverdale clocks in at $1,515,779 average HD Price and Ferndale is all the way up at $1,757,726 - both pricier, and both growing slower than us. Mission Urban-Infill Area comes in cheaper at $942,477 but is also losing ground faster. Cedar Valley is actually holding its own better than most of the surrounding areas.

Condos: A Closer Look

The condo picture in Cedar Valley is worth watching carefully right now.

• Average HonestDoor Price: $571,610 - up 0.21% from last period
• Predicted market value: $570,400
• 3-month moving average: $626,330 - the current value is tracking below this
• Recent price change: -7.64%
• Estimated monthly rent: $2,727, with a rental yield of 3.69%
• Airbnb potential: $136 per night - ranked 1st in Mission for short-term rental income

That -7.64% recent price shift and a growth rank of 9 out of 9 in Mission tells us the condo segment here is taking a real breather. The predicted value also sits below nearby Mission Urban-Infill Area condos at $617,511. If you own a condo in Cedar Valley, this is not the moment to sit back and assume things will sort themselves out.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here's the thing about your BC Assessment notice - it's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, the market has already moved on. For Cedar Valley houses, that gap is real money: the average assessment sits at $1,150,430, while the average HonestDoor Price is $1,225,770. That's a $75,340 difference.

The HonestDoor Price updates in real time using actual sales data, current market signals, and local comparables. It's not a guess - it's a live read on what buyers are actually paying. If you're making any financial decision based on your home's value - refinancing, selling, even just knowing where you stand - the HonestDoor Price is the number to use.

The So What: Thinking About Selling This Summer?

For house owners, the timing is reasonable. Values are ticking up, the 3-month trend is positive, and Cedar Valley's transaction volume ranks 2nd in Mission - meaning there's real buyer activity here. You're not fighting for attention in a crowded market.

For condo owners, be honest with yourself. A -7.64% recent price shift and a last-place growth ranking in Mission means you want to price sharp and move with intention. Waiting for the market to "come back" this summer is a gamble. Get your HonestDoor Price, talk to a local agent who knows Cedar Valley, and make a plan based on real numbers - not hope.

Either way, the worst move right now is relying on a year-old assessment to make a decision that affects hundreds of thousands of dollars. Check your HonestDoor Price first. It takes two minutes and it's free.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.