The top three most valuable homes in Mission are all located along Ferndale Avenue, according to BC Assessment. / Google Maps image

The top three most valuable homes in Mission are all located along Ferndale Avenue, according to BC Assessment. / Google Maps image

Value of average single-family home in Mission jump 36% in 2021

Fraser Valley home values increasing faster than province average

The value of a single-family home in Mission jumped by an average of 36 per cent last year, significantly outpacing increases seen across the rest of the province.

BC Assessment released their annual data on Jan. 4, showing that B.C. home values increased 22 per cent to $2.44 trillion for 2022.

Single-family home values in every Fraser Valley municipality outpaced the provincial average: The average Abbotsford home grew from $778,000 to $1,077,000 (38 per cent); the Chillwack average, $627,000 to $877,000 (40 per cent); Langley, $838,000 to $1,162,000 (39 per cent); Hope, $428,000 to $620,000 (45 per cent); and Harrison, $599,000 to $807,000 (35 per cent).

The average Mission home grew from $706,000 to $962,000 (36 per cent). Last year, property values in Mission grew by only eight per cent.

RELATED: Property values in Mission increase by an average of 8%

RELATED: B.C. home values increase by 22% for 2022, biggest changes in single-family houses

For the Lower Mainland, total values have increased from about $1.46 trillion in 2021 to about $1.75 trillion this year, $23.7 billion of which is from new construction, subdivisions and rezonings.

A total of 2,142,457 properties are on the B.C. assessment roll for 2022, an increase of 1.2 per cent from 2021.

The total amount of non-market change – new construction, rezonings and subdivisions – increased from $22.1 billion to $33.9 billion (53 per cent).

The highest valued Mission properties are listed below:

34869 Ferndale Ave – $5,108,000

34801 Ferndale Ave – $4,557,000

34809 Ferndale Ave – $4,433,000

9441 Hayward St – $3,344,000

29722 Anderson Ave – $3,253,000

9086 Stave Lake St – $3,216,000

12654 Powell St – $3,207,000

29622 Dewdney Trunk Rd – $2,991,000

9663 Silverglen Dr – $2,979,000

9175 Gilmour Terr – $2,840,000

Mission