Mission Market Update-October 2025

Sales by Price Range (All Property Types Combined)

Under $500,000 – 8
$500,000 to $900,000 – 26
$900,000 to $1,250,000 – 18
$1,250,000 to $1,750,000 – 8
Over $1,750,000 – 2

Detached Homes

Benchmark Price: $1,015,400 (unchanged from September and almost identical to October 2024)

Sales: 49 (up from 33 in September and 45 last year)

Active Listings: 286

Months of Inventory: 9.9 (buyer’s-market conditions)

What sold:

Under $500,000 – 3
$500,000 to $900,000 – 18
$900,000 to $1,250,000 – 18
$1,250,000 to $1,750,000 – 8
Over $1,750,000 – 2

Townhomes

Benchmark Price: $646,000 (down 1% month-over-month, down 4.3% year-over-year)

Sales: 10 (up from 9 in September, up sharply from 4 last year)

Active Listings: 43

Months of Inventory: 4.3

Townhomes continue to attract buyers priced out of the detached market. Well-presented, realistically priced units are moving.

Apartments

Benchmark Price: $437,300 (flat month-over-month, down 5% year-over-year)

Sales: 4 (same as September, down from 8 last year)

Active Listings: 38

Months of Inventory: 9.5

Apartments remain the softest segment locally and across the Fraser Valley, with slower absorption and more cautious buyers.

Why Prices Aren’t Rising — Even With Lower Rates

While interest rates have come down, prices aren’t moving higher yet — and there are clear reasons why:

Inventory remains high. Active listings across the Fraser Valley are still elevated, giving buyers more options and reducing pressure on prices.

Affordability is still stretched. Even after the pullback, Mission home values remain more than 50% higher than they were in 2020.

Borrowing rules are strict. Buyers must still qualify under the federal stress test, which caps how far their budgets can stretch even when interest rates fall.

Living costs keep rising. Groceries, gas, and insurance have climbed dramatically, limiting how much buyers can comfortably take on.

With all of these factors in play, the market is moving — but price growth remains limited.

Looking Ahead

The Fraser Valley is gaining momentum, and Mission finally saw a lift in activity this month. Prices will likely stay steady heading into winter, with modest movement depending on how rates and inventory evolve.

If you’re thinking about selling or just want to understand what this market means for your home, I’m always here to help you look at the numbers clearly.