Winnipeg Housing Market Outlook 2026

On this page

Winnipeg Turns a Corner as Listings Finally Catch Up

According to the Winnipeg Regional Real Estate Board (WRREB), May 2026 was the first month all year that overall MLS sales climbed above the five-year average, and the first when active listings ran higher than both last year and the seasonal norm. Total sales reached 1,707, down 4% from last May but 1% above the five-year benchmark, while active listings of 3,739 edged 2% higher year-over-year. After months of thin supply holding the market back, Winnipeg looks to be turning a corner as inventory finally catches up to demand.

• Detached homes set a record for the month, with an average price of $477,313, up 4% from last May, even as it eased 4% from April’s seasonal high.
• Condominiums delivered the standout shift, with sales rising 6% over last year, the first annual gain of 2026 for a segment that had lagged through the winter.
• With listings normalizing just as demand firms, Winnipeg is moving toward a healthier balance, and total dollar volume of more than $729 million ran 8% above the five-year average despite the slightly lower sales count.

Winnipeg’s improving balance and affordability make it one of the steadier places to buy this spring, with more listings finally giving buyers room to choose. Begin by comparing mortgage rates in Winnipeg, then reach out to nesto mortgage experts to get pre-qualified for your best mortgage strategy.

---

Winnipeg Housing Market Highlights

• The average selling price of a home in Winnipeg increased by 3.8% year-over-year to $401,200 in May.
• The average selling price of a single-family home in Winnipeg increased by 3.9% year-over-year to $424,500 in May.
• The average selling price of a townhouse/multiplex in Winnipeg increased by 1.9% year-over-year to $344,100 in May.
• The average selling price of a condo in Winnipeg increased by 1.2% year-over-year to $233,900 in May.
• The average rent in Winnipeg is now $1,679 for May.
• June 20, 2026: Today’s lowest mortgage rate in Winnipeg is 4.09% for a 5-year fixed.

Data from the Winnipeg Regional Real Estate Board (WRREB) indicates that the average price of resale residential homes sold across Winnipeg in May was $401,200, and itincreased of 3.8% compared to a year ago.

WRREB also reported a sales-to-new-listings ratio (SNLR) of 70%, indicating Sellers market conditions in Winnipeg for May.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Winnipeg

---

Winnipeg Market Rents Snapshot

The average rent in Winnipeg was $1,679 for the month of May.

The average rent for a 1-bedroom apartment in Winnipeg was $1,469 for the month of May, which increased by 1.9% year over year.

The average rent for a 2-bedroom apartment in Winnipeg was $1,789 for the month of May, which increased by 1.5% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,927	$2,445	$3,302	−7.7%
2	Vancouver	$2,712	$2,385	$3,330	−0.8%
3	Kanata	$2,543	$2,277	$2,812	3.30%
4	North York	$2,520	$2,136	$2,669	−1.4%
5	Toronto	$2,512	$2,212	$2,907	−0.9%
6	Coquitlam	$2,476	$2,128	$2,709	−6.6%
7	Oakville	$2,449	$2,224	$2,631	−10.3%
8	Burnaby	$2,446	$2,115	$2,727	−7.7%
9	Etobicoke	$2,431	$2,082	$2,651	−3.3%
10	Burlington	$2,384	$2,118	$2,465	−4.7%
11	Vaughan	$2,342	$2,065	$2,569	−3.2%
12	Mississauga	$2,335	$2,052	$2,448	−5.8%
13	Halifax	$2,319	$2,064	$2,570	−2.0%
14	Langley	$2,286	$1,975	$2,477	−1.1%
15	Victoria	$2,257	$2,009	$2,598	−3.9%
16	Brampton	$2,224	$1,935	$2,291	1.20%
17	Scarborough	$2,194	$1,868	$2,307	−9.1%
18	Guelph	$2,194	$1,910	$2,255	−3.4%
19	Ajax	$2,193	$1,902	$2,244	3.90%
20	Kingston	$2,179	$1,926	$2,297	10.20%
21	Barrie	$2,143	$1,918	$2,150	−3.5%
22	Ottawa	$2,140	$1,949	$2,453	−4.1%
23	East York	$2,138	$1,851	$2,345	−7.7%
24	Surrey	$2,135	$1,812	$2,249	−4.4%
25	New Westminster	$2,132	$1,892	$2,641	−4.6%
26	Waterloo	$2,106	$1,957	$2,265	−4.4%
27	Kelowna	$2,093	$1,786	$2,244	−3.7%
28	Laval	$2,063	$1,706	$2,349	11.20%
29	Cambridge	$2,062	$1,820	$2,166	−1.5%
30	Greater Sudbury	$2,043	$1,793	$2,150	−13.1%
31	Nanaimo	$2,027	$1,844	$2,244	3.10%
32	Kamloops	$2,009	$1,879	$2,113	−1.3%
33	Peterborough	$1,994	$1,751	$1,979	−0.8%
34	Airdrie	$1,991	$1,469	$1,794	1.30%
35	Hamilton	$1,989	$1,712	$2,318	10.10%
36	Montreal	$1,968	$1,789	$2,312	2.50%
37	Brossard	$1,964	$1,764	$2,114	−4.6%
38	Oshawa	$1,959	$1,737	$2,025	−2.5%
39	Brantford	$1,924	$1,791	$2,051	−0.8%
40	London	$1,917	$1,665	$2,050	−3.5%
41	Niagara Falls	$1,887	$1,660	$2,026	−5.9%
42	Calgary	$1,883	$1,534	$1,856	−4.5%
43	Kitchener	$1,879	$1,687	$2,041	−8.1%
44	St. Catharines	$1,865	$1,652	$1,942	−1.5%
45	Welland	$1,845	$1,619	$2,016	8.50%
46	Gatineau	$1,800	$1,617	$1,881	−9.8%
47	Côte Saint-Luc	$1,783	$1,485	$2,029	−13.2%
48	Windsor	$1,715	$1,522	$1,921	−1.3%
49	Winnipeg	$1,679	$1,469	$1,789	1.50%
50	Sarnia	$1,661	$1,476	$1,752	−4.6%
51	Edmonton	$1,605	$1,287	$1,641	−2.3%
52	Saskatoon	$1,572	$1,361	$1,590	3.40%
53	Red Deer	$1,561	$1,333	$1,507	−2.0%
54	Quebec City	$1,522	$1,295	$1,692	1.90%
55	Lethbridge	$1,495	$1,306	$1,518	−5.9%
56	Regina	$1,471	$1,322	$1,525	−3.2%
57	Fort McMurray	$1,384	$1,169	$1,414	−4.8%
58	Medicine Hat	$1,330	$1,197	$1,348	−3.2%
59	Lloydminster	$1,287	$1,055	$1,378	8.10%
60	St. John's	$1,139	$1,065	$1,253	4.70%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Winnipeg?

Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

---

Frequently Asked Questions on Winnipeg Housing Market Outlook for 2026

---

Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

---