Mission

Mission sits where the Fraser Valley’s agricultural charm meets suburban convenience, creating an interesting paradox for mortgage professionals. This community of over 41,000 has grown steadily by 7.7% since 2016, yet it remains surprisingly overlooked by many lenders despite its proximity to Metro Vancouver.

The numbers tell a compelling story about resilience. With construction leading employment at 14.9% and retail following at 11.3%, Mission has built an economy that doesn’t rely on a single industry. The $98,000 median household income reflects families who’ve found their sweet spot between Fraser Valley affordability and urban accessibility. Nearly two-thirds of homes are single-detached houses, with an unusually high 18.7% being duplexes—a housing mix that speaks to both family priorities and investment potential.

Mission’s claim to fame extends beyond demographics. The community is home to the historic Mission Bridge, one of BC’s most photographed railway bridges, and serves as the gateway to some spectacular outdoor recreation. The Fraser River runs right through town, offering everything from salmon fishing to riverside parks. Westminster Abbey, a working Benedictine monastery, adds an unexpected cultural dimension that draws visitors year-round.

The climate advantage here is real—Zone 8b means longer growing seasons and milder winters than communities just a few hours east. This has attracted both retirees seeking gentler weather and families wanting space without sacrificing accessibility to Vancouver’s job market.

However, Tekamar currently maintains a 0% maximum LTV in Mission. Our lending focus remains on communities where we can ensure optimal recovery timelines and market positioning for our investor-partners. While Mission offers undeniable appeal, our risk assessment prioritizes markets where we can deliver the safety our friends and family investors expect.

For brokers working with Mission clients, we’re always interested in discussing unique situations that might warrant special consideration.