September 2026 Market Report
Mission Real Estate Market Update
Based on August 2026 market statistics. Mission saw a pronounced price adjustment in August. The composite benchmark fell 3.8% in one month and detached homes dropped 4.5%, leaving the detached benchmark 11.8% below August 2025. The local sales-to-active ratio remained below the typical balanced range.
Composite benchmark
$800,200
-3.8% month · -10.5% year
Detached
$892,700
-4.5% month · -11.8% year
Townhouse
$621,700
-1.4% month · -4.4% year
Apartment
$414,600
-2.6% month · -4.7% year
Market Overview
What August’s numbers mean for Mission
Mission saw a pronounced price adjustment in August. The composite benchmark fell 3.8% in one month and detached homes dropped 4.5%, leaving the detached benchmark 11.8% below August 2025. The local sales-to-active ratio remained below the typical balanced range.
For buyers
August created more negotiating room, particularly in detached homes. Buyers should lean heavily on very recent comparable sales because values moved noticeably during the month.
For sellers
Mission sellers need to react quickly to current market evidence. Detached pricing based on earlier summer sales may now be too high after August’s decline.
Supply & Demand
Sales-to-active listings ratio
How to read August activity
Calculated from 39 August sales and 350 active listings across detached, townhouse and apartment properties. This is a quick activity indicator and should be read together with benchmark-price trends and recent comparable sales.
Benchmark Prices
MLS® HPI benchmark prices — August 2026
| Home type | Benchmark price | 1-month change | 1-year change |
|---|---|---|---|
| Composite | $800,200 | ▼ -3.8% | ▼ -10.5% |
| Detached | $892,700 | ▼ -4.5% | ▼ -11.8% |
| Townhouse | $621,700 | ▼ -1.4% | ▼ -4.4% |
| Apartment | $414,600 | ▼ -2.6% | ▼ -4.7% |
Sales Activity
August sales and new listings
| Home type | Sales | New listings | Sales / new listings |
|---|---|---|---|
| Detached | 27 | 59 | 45.8% |
| Townhouse | 9 | 12 | 75.0% |
| Apartment / condo | 3 | 5 | 60.0% |
Common Questions
Mission September market report FAQ
What is the latest benchmark home price in Mission?
Using August 2026 data, the composite MLS® HPI benchmark price is $800,200. Detached, townhouse and apartment benchmarks are shown above so you can compare the property type most relevant to you.
Are home prices in Mission going up or down?
The August composite benchmark changed -3.8% from July 2026 and -10.5% from August 2025. Property types are moving differently, so the most useful comparison is the benchmark for the specific type of home.
Why is this called the September market report if the data is from August?
Real estate boards publish completed monthly statistics after the month ends. This September 2026 report therefore summarizes the most recent full month of data: August 2026.
About this data: Fraser Valley Real Estate Board — August 2026 Housing Market Statistics. This September 2026 market report summarizes August 2026 results. Benchmark prices are MLS® Home Price Index estimates for a typical property, not average selling prices. Statistics are a market snapshot and individual properties can perform differently.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.