Mission Urban-Infill Area, Mission - August 2026 Real Estate Report

Mission Urban-Infill Area: Your Home Is Worth More Than The City Thinks

If you have been glancing at your latest property assessment and feeling a little underwhelmed, here is the real story. The numbers coming out of Mission Urban-Infill Area right now tell a more interesting tale than any government document will admit.

The Vibe: What Is Actually Happening On Our Streets

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

Houses - Steady, Not Flashy

Our houses are holding their ground. The average sale price sits at $801,917 with a price per square foot of around $639. Six properties sold recently - steady volume, nothing dramatic. The predicted market value of $938,266 is ticking upward from the 3-month moving average of $934,262, which is a quiet signal that momentum is building, not fading.

• Average HonestDoor Price: $942,477
• Average Assessed Value: $885,964
• HonestDoor Price is 6.38% above the city assessment
• Average sale price: $801,917
• Price per square foot: $639
• Estimated monthly rent: $3,997
• Rental yield: 4.82%
• Airbnb potential: $199 per night
• Growth rank: 8 out of 12 neighbourhoods in Mission
• Total transaction rank: 1st in Mission

That growth rank of 8 out of 12 means we are sitting in the middle of the pack right now - not leading the charge, but not falling behind either. Think of it as the neighbourhood leaderboard showing us in a steady holding position. The rental yield of 4.82% is a decent return for investors who want something predictable.

Condos - The Underdog Worth Watching

Here is where things get genuinely interesting. Our condos rank 2nd out of 9 neighbourhoods in Mission for growth - that puts us firmly in above-average territory on the leaderboard. But the short-term picture needs a honest look too. The predicted value of $617,511 is sliding slightly below the 3-month moving average of $632,116, and recent value change sits at -2.68%. So yes, there is a short-term dip happening. That is worth knowing.

• Average HonestDoor Price: $627,291
• Average Assessed Value: $424,260
• HonestDoor Price is 47.86% above the city assessment
• Average sale price: $390,000
• Price per square foot: $380
• Estimated monthly rent: $2,718
• Rental yield: 3.81%
• Airbnb potential: $135 per night
• Growth rank: 2 out of 9 neighbourhoods in Mission
• Price rank: Most affordable condos in Mission

Most affordable condos in Mission AND a top-3 growth rank? That combination does not last forever. Nearby Cedar Valley condos are sitting at $571,610 and Israel Bench at $517,890 - we are already ahead of both on the HonestDoor Price, which means the market is pricing in something the assessment has not caught up to yet.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Your city assessment is a snapshot from the past. It is calculated once a year using data that is already months old by the time it lands in your mailbox. It is not wrong - it is just slow.

The HonestDoor Price is a real-time recalculation that pulls in current market activity, recent sales, and live demand signals. For houses in Mission Urban-Infill Area, that gap is $56,513 - the HonestDoor Price of $942,477 versus the assessed value of $885,964. For condo owners, the gap is staggering. We are talking $203,031 more than what the city has on file. A 47.86% difference is not a rounding error. That is real money sitting unrecognized on paper.

If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value alone is leaving a serious blind spot in your planning.

The So What: Should You Sell This Summer?

Here is the straight talk for anyone thinking about listing in Mission Urban-Infill Area this summer.

For house owners - the market is not on fire, but it is not cooling either. It is taking a breather. With 36 transactions recorded in 2026 and Mission Urban-Infill Area holding the number 1 transaction rank in the city, buyers are still active here. A predicted value of $938,266 trending upward gives you a reasonable floor to work from. Pricing sharp and marketing well could get you close to that HonestDoor Price of $942,477. Summer inventory tends to rise, so listing sooner rather than later keeps you ahead of the competition.

For condo owners - the short-term dip of -2.68% is real, but context matters. You still rank 2nd in Mission for growth and your HonestDoor Price of $627,291 is dramatically higher than what the city thinks your unit is worth. If you need to sell, price it using the HonestDoor Price as your anchor - not the assessed value of $424,260, which would leave serious money on the table. If you can wait a few months, the 3-month moving average suggests the dip may be temporary.

Bottom line - Mission Urban-Infill Area has 5,989 assessed properties and a market that is still moving. The homeowners who go into summer with accurate, current pricing data are the ones who walk away with the better deal. That starts with knowing your real number.

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.