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

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

If you own property in Mission Urban-Infill Area and you have not checked your HonestDoor Price lately, you are leaving real money on the table. The city's assessment is one number. What buyers are actually paying is another. Right now, those two numbers are not close.

The Vibe: What Is Actually Happening Out Here

We are in a market that is catching its breath. Values are not in freefall - they are just taking a breather after a strong run. Here is the honest breakdown for houses and condos in our neighbourhood.

Houses

If you have been watching the "For Sale" signs in Mission Urban-Infill Area, here is what is actually happening with houses. The city says the average house is worth $886,048. The HonestDoor Price says $938,730. That is a $52,682 gap - and that gap matters when you are pricing your home or deciding whether to sell.

• Average HonestDoor Price: $938,730 - up 0.74% from last period
• Average assessed value: $886,048 - that is 5.95% below the real-world number
• Average sale price this month: $650,000 - down 15.4% from last month, but only 1 sale closed, so treat that number as a data point, not a trend
• Price per square foot: $718
• Predicted market value: $931,975
• 3-month moving average: $945,609 - values are easing slightly
• Estimated monthly rent: $3,977
• Rental yield: 4.84%
• Airbnb estimate: $199 per night
• Total transactions in 2026: 31 - that ranks us No. 1 in Mission for transaction volume
• Growth rank: 6 out of 12 neighbourhoods - solidly above average on the Mission leaderboard
• Price rank: 8 out of 8 - we are the most affordable option in Mission for houses

One sale in a month does not define a market. What it does tell us is that buyers are selective right now. The properties that are priced right are moving. The ones that are not, are sitting.

Condos

The condo story in Mission Urban-Infill Area is wild when you look at the numbers side by side. The city's average assessed value is $424,260. The HonestDoor Price is $617,511. That is a 45.55% gap. If you own a condo here and you are going off your tax assessment, you are dramatically undervaluing what you actually own.

• Average HonestDoor Price: $617,511 - down 2.68% from last period
• Average assessed value: $424,260 - that is $193,251 below the real-world estimate
• Average sale price this month: $390,000
• Price per square foot: $380
• Predicted market value: $634,527
• 3-month moving average: $641,052 - a slight softening trend
• Estimated monthly rent: $2,743
• Rental yield: 3.79%
• Airbnb estimate: $133 per night
• Total transactions in 2026: 2 - still ranks No. 1 in Mission for condo transactions
• Growth rank: 4 out of 9 neighbourhoods - above average on the Mission condo leaderboard
• Price rank: 2 out of 2 - among the most affordable condos in Mission

Compared to nearby neighbourhoods, our condos come in below Cedar Valley ($570,400) and well below Matsqui Prairie ($803,682). For buyers who want into Mission without stretching their budget, we are the entry point.

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

Here is the thing about your city assessment - it is a snapshot from months ago, built on a formula that does not account for what is happening on your street today. It does not know about the reno you did. It does not track what your neighbour's place just sold for. It is a static number in a moving market.

The HonestDoor Price is updated in real time. It pulls from actual transaction data, current market signals, and comparable sales. For houses in Mission Urban-Infill Area, that means a number that is nearly $53,000 higher than what the city thinks. For condos, the gap is over $193,000. Those are not rounding errors - those are life-changing differences if you are making a sell, hold, or refinance decision based on the wrong number.

With 5,992 properties assessed this year in the neighbourhood, there is a lot of data moving through the system. Your HonestDoor Price cuts through the noise and gives you the number that actually reflects today's market.

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

Here is the straight talk for anyone considering a sale in Mission Urban-Infill Area this summer.

The market is not on fire right now - but it is not broken either. We rank No. 1 in Mission for total transactions in 2026. That means buyers are active here. The neighbourhood growth rate is slightly negative at -0.05% year over year, but our growth rank of 6 out of 12 for houses puts us in the top half of Mission neighbourhoods. We are holding our own.

The rental numbers are also worth noting. A house here can pull $3,997 per month in estimated rent. A condo can bring in $2,678. If selling feels premature, holding and renting is a legitimate play with real returns.

If you are selling a house this summer, price it against the HonestDoor Price of $938,730 - not the city's $886,048. That gap is your negotiating room. Give it away and you are handing money to the buyer.

If you own a condo, the 2.68% dip in HonestDoor Price is worth watching. Values are easing slightly from the 3-month moving average. Selling sooner rather than later could be the smarter move if you do not want to wait out a longer correction.

Bottom line - Mission Urban-Infill Area is affordable relative to the rest of Mission, active in terms of buyer interest, and significantly undervalued by the city's own numbers. That combination does not last forever. Check your HonestDoor Price today and know what you are actually sitting on.

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.