Home Buying, Real Estate News, Your Next Home |
May 4, 2023
These are some of the reasons Mission is the next big area for both living and investment opportunities in BC
Mission, BC is like the avocado toast of real estate – it’s just so darn good, everyone wants a piece of it! A small town that is often overlooked by larger cities like Vancouver and Abbotsford, it’s quickly becoming a popular destination for people looking to invest and live in a peaceful and affordable community.
Affordability
One of the biggest advantages of living in Mission is affordability. Living in Vancouver can feel like being in a toxic relationship with your bank account at times – you love the city, but it drains you financially. With a cost of living significantly lower than Vancouver’s, in Mission, you can finally take your bank account on a romantic date without worrying about breaking up afterward. Housing is also more affordable, with the average home price in Mission being around the mid $700,000, compared to Vancouver’s average home price of over $2 million. This makes Mission an attractive option for entering the housing market – great option for first time buyers or those discouraged by the prices elsewhere.
Location
Mission’s location is another major advantage. It’s located a little under two hours from Vancouver, which means residents have access to all the city’s amenities and job opportunities while still enjoying the peace and quiet of small-town living. The town is also situated near the Fraser River, offering residents stunning views and a range of outdoor recreational activities, including hiking, fishing, and camping. In addition to its proximity to larger cities, Mission BC has a lot of investment potential when compared to other communities in the Fraser Valley. For example, Abbotsford and Chilliwack have both seen their real estate markets experience significant growth over the last few years, but they have also become quite expensive. According to the Fraser Valley Real Estate Board (FVREB), residential sales soared 39 per cent in 2021, totalling 27,692 unit sales.
Community
Mission has a strong sense of community, making it an ideal place to raise a family. The town hosts a range of annual events, such as the Mission Folk Festival, Pride Festival, and the Candlelight Parade, that bring people together and celebrate the town’s unique vibe. The city also boasts excellent schools, including the University of the Fraser Valley campus, making it an attractive option for families with children of all ages. The city of Mission offers something for every lifestyle and every stage of life.
Economy
Mission’s economy is also growing rapidly, with new businesses and industries being established. The town has a thriving agricultural industry, with numerous farms and orchards producing a range of fresh produce, including berries, apples, and grapes. Mission also has a growing manufacturing sector, and the town is also home to the Mission Memorial Hospital, which is the largest employer in the area. The city has several major projects in the works, including a revitalization of the downtown core and a waterfront improvement initiative within the OCP, which will likely drive even more growth in the area.
Why we love Mission and you should too
Mission is a hidden gem that presents a range of opportunities for both living and investment. If you are thinking about investing in real estate in the Fraser Valley, it is worth taking a closer look at Mission. With its historical pricing trends, its proximity to larger cities, and its potential for growth, this community is truly a hidden gem in the fraser valley real estate market. However, it is important to do your due diligence and work with an experienced real estate professional who can help guide you through the process and ensure that you are making the best decision for your unique needs and goals.
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