Average House Price in Winnipeg

by The Canadian Magazine of Immigration · December 17, 2025

The average house price in Winnipeg is $378,300

House prices in Winnipeg

In November 2025, house prices in Winnipeg up by 5.3% compared to the previous year.

Average House Price in Winnipeg
	2023	2024	2025
January	$326,800*	$335,600*	$363,200
February	$329,800*	$347,200*	$373,700
March	$335,000*	$351,800*	$384,600
April	$344,600	$356,900*	$385,300
May	$347,800*	$358,300	$387,800
June	$347,300*	$362,700	$389,800
July	$346,500*	$361,600	$386,700
August	$345,000*	$361,800	$384,200
September	$342,100*	$362,500	$381,500
October	$339,800*	$361,400	$380,800
November	$332,000*	$359,300*	$378,300
December	$331,500*	$359,200
Source: CREA
*Updated

Housing Market in Winnipeg – November 2025

In November 2025, Winnipeg’s housing market cooled off seasonally, with home sales dropping about 7.3% year-over-year for single-family houses and a steeper 23.1% decline for condos, reflecting typical slower activity heading into winter. Average prices dipped slightly—down 1.3% for houses and 2.9% for condos—breaking the year’s trend of steady gains seen earlier in months like October, when overall averages hit around $402,000 with 5.8% annual growth. Despite the monthly softness, year-to-date figures through November remained strong, with total MLS sales up 4% and dollar volume rising 10% compared to 2024, underscoring Winnipeg’s ongoing affordability and resilience amid national population adjustments and moderating demand.

Housing Market in Winnipeg – October 2025

In October 2025, Winnipeg’s housing market maintained a stable and balanced profile, with 1,344 MLS® sales marking a modest 1% increase from October 2024 and a 6% rise above the five-year average, reflecting sustained buyer interest amid affordability challenges.

Active listings dipped 3% year-over-year to 3,519, contributing to tighter inventory and a slight seller’s lean in lower price segments, while total dollar volume surged 7% to over $540 million, underscoring robust transaction values.

Average home prices continued an upward trajectory, with an 11% annual gain noted in broader metrics, driven by strong demand for detached and semi-detached properties in the $500,000–$600,000 range from first-time buyers, move-up families, and new Canadians, though higher-end homes lingered longer on the market.

Despite national trends of softening sales, Winnipeg’s relative affordability—well below Canadian averages—fueled steady growth, supported by modest economic expansion and stabilizing interest rates, positioning the market for moderate gains into 2026.

Housing Market in Winnipeg – September 2025

In September 2025, Winnipeg’s housing market demonstrated robust resilience and growth amid a nationally mixed landscape, with MLS sales surging 12% year-over-year to 1,391 units—7% above the five-year average—and a remarkable 53% increase in the city proper compared to September 2024, capping a stellar third quarter that positions 2025 as one of the region’s strongest years on record. Average home prices climbed to new September highs, reaching $384,200 overall (up 6.2% YoY), with detached homes averaging around $450,000 and condominiums setting records as well, fueled by renewed buyer confidence, influxes of new Canadians, and millennial families drawn to the city’s affordability—still among Canada’s lowest, at roughly half the national detached average. Inventory tightened further, with active listings down 10% YoY, shifting conditions toward sellers for mid-priced properties under $500,000, while broader demand for low-maintenance suburban options and eco-friendly homes supported a projected 3-5% price rise through year-end, bolstered by stabilizing interest rates and economic tailwinds in tech and healthcare sectors.

Housing Market in Winnipeg – July 2025

In July 2025, Winnipeg’s housing market remained robust, with average home prices reaching $399,016, reflecting a 2.2% year-over-year increase but a 5.8% monthly decline, while sales activity rose 9% compared to July 2024, totaling 1,620 transactions. Detached homes averaged $443,635, up 2.4% annually, with 1,131 sales, while attached homes and condos saw average prices of $374,496 (up 5%) and $284,845 (up 0.2%), respectively. Inventory tightened, with 3,678 active listings, down 12% from last year, and a high sale-to-new-listings ratio underscored strong demand, particularly for condos, which saw a 12% sales increase. Despite national economic slowdowns, Winnipeg’s affordability, with benchmark prices at $389,800, and steady demand driven by population and employment growth, positioned it as a competitive yet stable market compared to larger Canadian cities.

Housing Market in Winnipeg – June 2025

In June 2025, Winnipeg’s housing market remained robust, characterized by a seller’s market with a sales-to-new-listings ratio of 72%, driven by steady demand and limited inventory. Average home prices reached $412,236 in May, up 7.3% year-over-year, with benchmark prices hitting a record $387,800, reflecting an 8.2% annual increase. Detached homes averaged $459,320 (+8%), while condos hit a record average of $297,864 (+7%), despite a 16% drop in condo sales. Total MLS® sales were 1,671, up 6% from June 2024, with active listings down 10% to 3,716, and a total dollar volume of $707 million, up 14%. Lower mortgage rates, with a 5-year fixed at 3.89%, and Winnipeg’s affordability compared to major Canadian cities continued to attract buyers, though economic uncertainties, such as potential tariff impacts, tempered expectations for significant price surges.

Housing Market in Winnipeg – May 2025

In May 2025, Winnipeg’s housing market continued its robust performance, characterized by strong demand and record-high prices, with the average home price reaching $395,498, an 8% year-over-year increase, and total MLS® sales of 1,789 up 4% from May 2024, marking the second-highest May sales on record. Detached homes saw a 6.6% price increase to $465,402, while condo prices dropped 4.8% to $274,483, reflecting mixed segment performance. The market leaned toward a seller’s market with a sales-to-new-listings ratio of 71%, the highest in Canada, driven by low inventory (3,339 active listings, down 13% from April 2024) and steady economic growth in sectors like technology and manufacturing. Despite economic uncertainties, such as potential U.S. tariffs, Winnipeg’s affordability compared to national averages and stabilizing interest rates (lowest 5-year fixed mortgage at 3.89%) continued to attract buyers, particularly first-time homebuyers targeting homes under $500,000, though rising construction costs and slower population growth may temper future development.

Housing Market in Winnipeg – April 2025

In April 2025, Winnipeg’s housing market continued to show robust growth, driven by strong demand and limited inventory. The average home sale price reached approximately $409,000, reflecting a year-over-year increase of around 7.3% from April 2024, though specific data for April 2025 varies slightly by source, with some reporting averages closer to $384,600. Detached homes led the market with an average price of about $470,400, up 12% annually, while attached homes and condos saw more modest gains at $375,800 (up 0.7%) and $277,100 (up 1.2%), respectively. Sales activity surged, with 1,523 transactions recorded, an 8% increase over April 2024, supported by declining mortgage rates, which dropped to 3.84% for a 5-year fixed term, and a tight rental market. However, active listings fell 13% to 3,339, keeping Winnipeg in a seller-leaning market with a sales-to-new-listings ratio of 71%, the highest in Canada, though economic uncertainties like potential U.S. tariffs could temper future growth.

Housing Market in Winnipeg – March 2025

In March 2025, Winnipeg’s housing market is a balanced to seller-leaning market with a sales-to-new-listings ratio (SNLR) of 55%, reflecting steady demand and modest supply growth. The average home price was $384,600, up 9.3% year-over-year, with detached homes averaging $407,300 (up 9.9%), townhouses/multiplexes at $327,200 (up 3%), and condos at $231,900 (up 5.1%). Sales reached 1,189 properties, up 6% from March 2024 and 34.3% from February 2025, though 11% below the five-year average. The rental market remains strained, with average rents for a three-bedroom apartment at $1,429 (down 1% annually) and a vacancy rate of 1.8%.

In September 2025, house prices in Winnipeg up by 5.2% compared to the previous year.

Winnipeg house prices

Average House Price in Winnipeg
	2020	2021	2022
January	$266,200*	$293,200*	$353,600*
February	$270,700	$301,600*	$362,800*
March	$273,600	$307,300*	$367,100*
April	$275,000	$315,500*	$367,200*
May	$277,700*	$332,900*	$369,000*
June	$282,500*	$337,500*	$360,600*
July	$284,300*	$331,400*	$351,200*
August	$285,800*	$332,900*	$346,000*
September	$285,500*	$332,600*	$339,400*
October	$289,900*	$332,100*	$336,900*
November	$286,500	$336,900*	$329,600*
December	$286,000*	$332,600*	$323,000*
Source: CREA
*Updated

Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.

Average House Price in Winnipeg
	2017	2018	2019
January	$272,553	$280,439	$280,449
February	$288,097	$297,929	$266,600*
March	$298,329	$304,111*	$270,400*
April	$302,983	$306,698	$271,700*
May	$302,546	$307,320	$273,200*
June	$302,900	$312,173	$272,500*
July	$294,216	$296,735	$270,500*
August	$297,897	$302,100	$269,900*
September	$288,334	$296,216	$267,500*
October	$294,843	$303,860	$266,100*
November	$293,856	$289,876	$267,600*
December	$289,155	$298,389	$265,500*
Source: CREA
*Updated