Mission Market Update-September 2025

Market Update – September 2025

Six months of price declines have done what earlier rate decreases couldn’t — bringing more buyers back to the table.

It’s been another month of cautious optimism. Inflation moved up to 2.4% in September from 1.9% in August. The Bank of Canada responded with two rate cuts — first to 2.50%, then to 2.25% at the end of October.

The big banks followed, with prime now at 4.45%. Even with lower rates, affordability hasn’t shifted much. Prices remain high, borrowing costs are still a hurdle, and sellers who truly want to move are adjusting to where the market really is.
Hi, I’m Irene — your local REALTOR® here in Mission, BC, helping people buy and sell for nearly 20 years.
In this update, we’ll look at what’s happening across the Fraser Valley, then take a closer look at Mission’s numbers — what sold, what’s selling, and what to expect as we move toward 2026.

Fraser Valley Snapshot – September 2025

Across the region, there were 10,583 active listings — up 17% from last year — and 962 sales.

That puts the sales-to-active ratio at 9%, solidly inside buyer-market territory.
(A balanced market typically sits between 12% and 20%.)

Sales were 2% lower than a year ago, but 3.3% higher than in August, showing a bit of month-to-month improvement.

Mission Snapshot – September 2025

Mission recorded 58 total sales across all property types — up from August and well above last year’s 33.

Active listings climbed to 380, up 75.8% from a year ago, and 11.5% higher than August’s 341.

That gives Mission roughly 6.6 months of inventory and a 15% sales-to-active ratio.

Sales by Price Range (All Property Types Combined)

Under $500,000: 11 sales

$500,000–$900,000: 21 sales

$900,000–$1.25M: 20 sales

$1.25M–$1.75M: 6 sales

Over $1.75M: 0 sales

Detached Homes – September 2025

Benchmark price: $1,015,400
(Down slightly from last month, up 1.2% year over year)

33 sales
(Down 13.2% from last month, up 50% from last year)

Active listings: 295
(Higher than last month and up 13.9% year over year)

Months of inventory: 8.9

Detached homes continue to struggle. Sellers must price realistically to have a chance at selling.

What Actually Sold (Detached)

Under $900,000: 11 sales

$900,000–$1.25M: 16 sales

Over $1.25M: 6 sales

Highest sale: $1,525,000
(Accepted after a $144,000 price reduction.)

Townhomes – September 2025

Benchmark price: $656,500
(Down slightly month-over-month, down ~3% year over year)

9 sales
(Up from last month, up 28.6% from last year)

Active listings: 46
(Up 17.9% from last year, slight drop from last month)

Months of inventory: 5.1

What Actually Sold (Townhomes)

Sale prices ranged from $640,000 to $806,900.
Most required meaningful price reductions, and one received multiple offers — proof that well-priced homes still move.

Apartments – September 2025

Benchmark price: $436,800
(Up 0.5% month-over-month, down 5.6% year over year)

7 sales
(Up one from last month, up 75% from last year)

Active listings: 39
(Slightly lower month-over-month, up 8.3% year over year)

Months of inventory: 5.6

What Actually Sold (Apartments)

Sale prices ranged from $275,000 to $518,000, with reductions averaging around $20,000 below list.
The highest sale went for nearly $52,000 under asking.

Buyers — don’t be afraid to write the offer.

Buyer Story – Maple Ridge Couple

Many buyers are still sitting on the sidelines, hoping prices drop further — until life changes or the right home appears.

I recently helped a couple from Maple Ridge who sold their home months ago and were waiting for the “perfect moment.” After watching listing after listing come and go, they finally decided to move forward.

The right Mission home came up — great location, solid value, exactly what they needed.
A week later, they had an accepted offer at a great price.

Sometimes waiting makes sense.
Sometimes the right home makes the decision for you.

What To Expect Going Into 2026

In 2008, the Fraser Valley’s sales-to-active ratio dropped below 5% — a near-freeze.
This September, we sat at 9%. Slow, but nowhere near crisis territory.

Today’s slowdown is driven by affordability challenges and a large amount of available inventory.

Economists across BC are projecting a modest recovery through 2026, with home sales expected to rise 8–9% province-wide as lower interest rates gradually work through the system.

Prices are expected to stay mostly flat, with possible growth of 1–2%, depending on interest rates, inventory levels, and broader economic conditions.

Don’t expect a rapid price rebound — but we may see sales improve heading into next year.

Final Thoughts

That’s where the market stands for September 2025.

If you found this update helpful, share it with someone in Mission who might benefit.
And if you’re planning a move in 2026, feel free to reach out — I’m always here to help.