May 2026 Market Update
Mission Real Estate Market Update
Mission benchmark prices rose across detached and townhouse segments in May, bucking the broader Fraser Valley trend.
Benchmark price (all types)
$838,500
▲ +1.3% MoM · ▼ -6.4% YoY
Sales (D+T+A)
50
Detached 37 of them · vs 50 in May 2025
New listings (D+T+A)
114
vs 152 in May 2025 · -25%
Active listings (D+T+A)
363
vs 393 in May 2025
Market Overview
What’s happening in Mission this month
Mission quietly posted one of the better months in the Fraser Valley. The composite benchmark rose 1.3% in May to $838,500 — against a Valley-wide decline — with detached homes up 1.2% to $940,900 and townhouses up 1.8% to $649,400. Mission's townhouse segment is also showing the mildest annual decline in the Valley at just -2.9%. Detached homes dominate activity here, accounting for 37 of the 50 sales across the main home types, and Mission remains the only market in the region where a benchmark detached home still sits under $1 million. New listings fell 25% from last May, helping tighten conditions.
Supply & Demand
Sales-to-active listings ratio
Mission is in balanced market territory
The overall ratio of 13.8% is between 12% and 20%, where prices tend to hold steady. Historically, sustained ratios below 12% put downward pressure on prices, while ratios above 20% push prices upward. Worth noting: the ratio is being held up by a 25% drop in new listings rather than stronger sales, which were flat versus last May.
Detached 14.1%
Townhouse 20.8%
Apartment 5.8%
Benchmark Prices
MLS® HPI benchmark prices — May 2026
| Home type | Benchmark price | 1-month change | 1-year change |
|---|---|---|---|
| All home types (composite) | $838,500 | ▲ +1.3% | ▼ -6.4% |
| Detached | $940,900 | ▲ +1.2% | ▼ -6.5% |
| Townhouse | $649,400 | ▲ +1.8% | ▼ -2.9% |
| Apartment / condo | $427,400 | ▼ -0.8% | ▼ -5.8% |
Sales Activity
Home sales by property type
| Home type | May 2026 sales | May 2025 sales | Change | Median price |
|---|---|---|---|---|
| Detached | 37 | 42 | -11.9% | $950,000 |
| Townhouse / attached | 10 | 3 | +233.3% | $704,950 |
| Apartment / condo | 3 | 5 | -40.0% | n/a |
Common Questions
Mission market FAQ
What is the benchmark home price in Mission?
As of May 2026, the MLS® HPI composite benchmark price in Mission is $838,500 across all home types. By segment: detached $940,900, townhouse $649,400, and apartment $427,400. The benchmark represents a typical home in the market, which makes it a more reliable trend indicator than average or median prices.
Are home prices in Mission going up or down?
The composite benchmark rose 1.3% from April 2026 and is down 6.4% compared to May 2025. Detached prices moved +1.2% month-over-month, townhouses +1.8%, and apartments -0.8%. Segments are moving differently, so the right read depends on the type of home you own or want to buy.
Is Mission a buyer’s or seller’s market right now?
With a sales-to-active listings ratio of 13.8%, Mission is in balanced market conditions — the ratio is between 12% and 20%, where prices tend to hold steady. By segment: detached 14.1%, townhouse 20.8%, and apartment 5.8%.
How many homes sold in Mission in May 2026?
37 detached, 10 townhouse/attached, and 3 apartment sales were recorded in May 2026, compared with 42, 3, and 5 respectively in May 2025.
Is now a good time to buy or sell in Mission?
For buyers: inventory is healthy, prices are below year-ago levels, and homes are taking longer to sell — that combination means more selection and more negotiating power than in recent years. For sellers: well-prepared, accurately priced homes are still selling, but pricing to today’s market (not last year’s) is the difference between selling in weeks and sitting for months. The right move depends on your situation, especially if you’re selling and buying in the same market.
How does Mission compare to nearby markets?
Mission's $940,900 detached benchmark is the most affordable in the Fraser Valley — about $425,000 below the Valley-wide detached benchmark and the only one under $1 million — which keeps drawing buyers east along the West Coast Express corridor.
About this data: All figures are from the Fraser Valley Real Estate Board (FVREB) May 2026 statistics package.
Benchmark prices are MLS® Home Price Index values representing a typical home in the market.
Sales, listings, and ratios cover detached, townhouse, and apartment segments as published in the FVREB MLS® Summary. Apartment figures reflect a very small sample (3 sales). Information is deemed reliable but is not guaranteed. Prepared by Derek Vanderkooy PREC*
and David Maître PREC*, Value-First Home Team, One Percent Realty Ltd.
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.