Mission Market Update -January 2026

Here’s what happened across the region:
Sales down 24% year over year
Detached sales down 21%
Townhome sales down 32%
Apartment sales down 29%
Benchmark prices back to spring 2021 levels
Sales-to-active listings ratio at 8%
Average days on market approximately 55 days

Buyers have more options, and properties are taking longer to sell compared to the peak years.
Now let’s narrow it down to Mission.

Mission Detached Homes – January 2026
Mission recorded 32 detached home sales in January.
That’s: Up from 26 sales in January 2025
Up from 21 sales in December 2025
The benchmark price came in at $948,500, down 6% year over year.
Active listings finished at 205, which puts detached homes at 5.4 months of inventory — much closer to balanced conditions than the broader Fraser Valley.

What’s driving that increase in sales?
Pricing adjustments.

With continued pressure on pricing, more sellers are aligning expectations with today’s market conditions. When homes are positioned correctly, buyers are stepping forward.

Mission Townhomes – January 2026
Townhomes saw 5 sales, down 16.7% from this time last year.
Benchmark price: $655,400, down 3.6% year over year
Active listings: 42
Months of inventory: 8.4 months
This segment continues to feel the impact of supply.

Mission — along with several nearby municipalities — has added a significant number of new townhome developments over the past few years. That additional inventory creates direct competition for resale units, especially older complexes. In this market, pricing and presentation matter.

Mission Apartments – January 2026
Apartments recorded 2 sales, unchanged from January 2025.
Benchmark price: $437,100, down 4.7% year over year
Active listings: 31
Months of inventory: 11.5 months
This remains the softest segment in Mission.
Buyers have significant choice, and resale apartments are competing with newer units, modern layouts, and developer incentives.

What’s Expected for 2026?
CMHC’s latest British Columbia outlook suggests:
Home sales may rise 5–10% across BC in 2026
Price growth is projected in the 1–3% range
Market direction remains sensitive to interest rates and economic conditions
This points to stabilization — not a dramatic rebound, and not a crash.

What This Means for Mission
Regional averages don’t always reflect what’s happening locally.
While the Fraser Valley overall saw a significant pullback in sales, Mission’s detached market showed stronger activity both month over month and year over year.

If you’re buying or selling in Mission, BC, it’s important to understand your specific property type and price range — not just the provincial or regional headlines.

If you’d like help interpreting what these numbers mean for your situation, reach out anytime.

I’m Irene, your local REALTOR® here in Mission, BC.