Mission, St. Albert - August 2026 Real Estate Report

Mission, St. Albert: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you live in Mission and you haven't checked your HonestDoor Price lately, you're probably making decisions based on stale numbers. The city's assessment is a snapshot from the past. The market right now is a different story - and it's one worth reading before you make any moves this summer.

The Vibe: What's Actually Happening in Our Neighbourhood

Let's break it down by property type, because houses and condos are telling two very different stories in Mission right now.

Houses: Holding Steady With Upward Momentum

If you've been watching the "For Sale" signs in Mission, here's what's actually happening with houses. The average HonestDoor Price sits at $451,246, and yes, that's down 5.80% from the previous period. But here's the number that matters more - the predicted market value for houses is $479,037, and it's climbing. That figure is already above the 3-month moving average of $470,760, which tells us the floor is holding and the direction is up.

• Average HonestDoor Price: $451,246
• Predicted Market Value: $479,037 (trending up from $470,760 over 3 months)
• Recent Value Change: +0.37%
• Estimated Monthly Rent: $2,427
• Rental Yield: 5.68% - that's a strong return by any measure
• Neighbourhood Growth Rank: 9 out of 23 in St. Albert - we're in the top half of the leaderboard

A 5.68% rental yield is genuinely solid. It means if you own a house in Mission and you're renting it out - or thinking about it - the math works in your favour. Compare that to nearby neighbourhoods: Downtown houses are predicted at $389,667, which puts Mission ahead on value trajectory. Braeside and Mission Park are both priced higher right now, but our growth rank keeps us competitive.

Condos: A Niche Market With Big Numbers - And a Catch

The condo picture in Mission is a bit unusual, so let's be straight about it. The average HonestDoor Price for condos is $1,983,679 - a number that reflects a very specific, high-end slice of the market here. That figure is down 7.51% from the previous period, and the rental yield sits at 2.08%, which is moderate at best.

• Average HonestDoor Price: $1,983,679
• Predicted Market Value: $2,144,808 (up from 3-month average of $2,083,046)
• Average Sale Price (recent transactions): $212,500
• Average List Price: $219,900
• Price Per Square Foot: $263
• Sale-to-List Ratio: 96.63% - buyers are negotiating below asking
• Days on Market: 133 days average
• Days-on-Market Rank: 13 out of 15 in St. Albert - these units are sitting
• Airbnb Rank in St. Albert: 2nd - top-tier short-term rental potential at $331 per night

Here's the honest read: Mission condos are slow to sell right now. One property sold last month, it took 133 days, and it closed below list price. This is a buyers' market for condos. If you own one and need to sell, pricing sharp from day one is not optional - it's the strategy. The one bright spot? Mission ranks 2nd in all of St. Albert for Airbnb potential. If holding is an option, short-term rental income at $331 per night is a real alternative worth running the numbers on.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for the Tax Assessment

Here's the thing about your city assessment - it's built on data that's already months old by the time it lands in your mailbox. It doesn't know what sold on your street last Tuesday. It doesn't adjust for the fact that Mission house values are trending upward right now, or that the predicted value of $479,037 is already outpacing recent averages.

The HonestDoor Price is a real-world check. It updates continuously using actual market activity, not a once-a-year government snapshot. For Mission homeowners, that gap matters. If you're using your assessment to decide whether to sell, refinance, or even just understand your net worth - you could be working with a number that's meaningfully off. Checking your HonestDoor Price takes two minutes and gives you the current picture, not last year's.

The "So What?" - Thinking About Selling This Summer?

For house owners in Mission, the timing conversation is actually interesting right now. Values dipped recently, but the predicted price is climbing and our growth rank of 9 out of 23 puts us above average in St. Albert. Summer inventory tends to rise, which means more competition. Getting your HonestDoor Price now - before the summer rush - tells you exactly where you stand before you commit to anything.

For condo owners, summer 2025 requires a clear-eyed plan. With 133 average days on market and a sale-to-list ratio under 97%, buyers have leverage. That doesn't mean don't sell - it means price it right on day one, not after 60 days of silence. If your timeline is flexible, the Airbnb numbers here are among the best in St. Albert. That's not a small thing.

Bottom line for Mission: houses are showing quiet resilience, condos need a smart strategy, and everyone should know their real number before making a move. Check your HonestDoor Price - it's the most current read on what your home is actually worth today.

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.