Average House Price in Winnipeg

by The Canadian Magazine of Immigration · May 21, 2025

The average house price in Winnipeg is $385,300

House prices in Winnipeg

Housing Market in Winnipeg

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 April 2025, house prices in Winnipeg up by 8% 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
June	$347,300*	$362,700
July	$346,500*	$361,600
August	$345,000*	$361,800
September	$342,100*	$362,500
October	$339,800*	$361,400
November	$332,000*	$360,500
December	$331,500*	$359,200
Source: CREA
*Updated

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