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

Mission Urban-Infill Area: Your Neighbour Just Got a Reality Check on Their Home Value

If you own property in Mission Urban-Infill Area and you're still looking at your city assessment to know what your place is worth, you're working with old news. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos

We've got two pretty different stories playing out in our neighbourhood depending on what you own.

Houses - The bread and butter of Mission Urban-Infill Area. The average sale price is sitting at $703,958, with a price per square foot around $578. Twelve houses sold recently, which is steady. The bigger number to watch is the predicted market value of $942,614 - that's trending up from the 3-month moving average of $937,407. So while things feel quiet, values are quietly climbing. On the neighbourhood leaderboard, we rank 6 out of 12 for growth - solidly above average. For price, we're ranked 9 out of 9, which means we're the most affordable option in Mission. That's not a knock - that's an entry point.

Condos - This is where it gets interesting for us. Only one condo sold recently, and the average sale price came in at $390,000 at about $380 per square foot. But the predicted market value tells a different story at $627,291, nudging up from a 3-month average of $626,443. Condo values here have moved 1.58% recently, which earns Mission Urban-Infill Area the top spot - rank 1 out of 9 - for condo growth in Mission. That's a leaderboard win. We're also ranked 2 out of 2 for affordability, meaning we're among the most accessible condo markets around.

• House average sale price: $703,958
• House price per sq ft: $578
• House predicted market value: $942,614
• House rental yield: 4.81% - moderate but real income
• House growth rank: 6 out of 12 in Mission
• Condo average sale price: $390,000
• Condo price per sq ft: $380
• Condo predicted market value: $627,291
• Condo rental yield: 3.79%
• Condo growth rank: 1 out of 9 in Mission - top of the board

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on formulas that don't know your renovated kitchen or the new development two blocks over. It's not wrong, it's just slow.

The HonestDoor Price is the real-world check. For houses here, the average HonestDoor Price is $926,054 - that's 4.52% higher than the average assessed value of $885,964. For condos, the gap is even wider. The average condo assessment sits at $424,260, but the HonestDoor Price comes in at $619,524 - a full 46% higher. That's not a rounding error. That's a significant chunk of equity that your assessment isn't capturing.

Yes, both the house and condo HonestDoor Prices have dipped slightly - houses down 1.74% and condos down 1.24% from the previous period. The market is taking a breather. But the gap between what the city thinks your home is worth and what buyers would actually pay? That gap is very much alive.

• House HonestDoor Price: $926,054 (vs. assessed $885,964)
• Condo HonestDoor Price: $619,524 (vs. assessed $424,260)
• Condo gap between assessment and HonestDoor Price: 46.02%
• 5,989 properties assessed this year across the neighbourhood

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

If you're a house owner eyeing a summer sale, here's the honest read. We had 48 transactions in 2026 and we rank first in Mission for total transaction volume. People are buying here. The rental estimate of $3,958 per month and an Airbnb rate around $197 per night also mean buyers with investment intentions are paying attention to Mission Urban-Infill Area.

Compared to neighbours like Israel Bench (HonestDoor Price $1,249,584) and Cedar Valley ($1,197,218), we're priced well below - which is actually a selling point for buyers who've been priced out of those areas. Our affordability ranking is a magnet, not a weakness.

For condo owners, the story is even more compelling. You're sitting in the fastest-growing condo segment in Mission right now - rank 1 out of 9. With a predicted value of $627,291 and nearby Cedar Valley condos at $571,610 and Israel Bench at $517,890, Mission Urban-Infill Area condos are already outpricing the competition. If you've been waiting for the right moment, the data is making a case for sooner rather than later.

Bottom line - don't price your home off a tax notice. Pull your HonestDoor Price, see where you actually stand, and make a move based on what the market is telling you 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.