Winnipeg Housing Market Outlook 2026
Winnipeg Ends December on Firm Footing as Home Price Strength Carries Into 2026
Winnipeg closed December with steady momentum, as home sales edged higher compared with both last year and the 5-year average while active listings declined, tightening conditions modestly at year-end. Detached homes continued to anchor the market, with average prices posting double-digit annual gains and setting a new December record, even as sales volumes held steady. Condominiums also saw improved sales activity, but prices softened, reinforcing a familiar split between more resilient houses and more price-sensitive condos, according to data released by the Winnipeg Regional Real Estate Board (WRREB).
Heading into 2026, Winnipeg appears positioned for continued stability rather than a sharp shift in direction. Solid demand fundamentals and relatively contained inventory should keep detached prices supported. At the same time, the condo segment operates under more mixed conditions, keeping the broader market balanced, active, and less exposed to the volatility seen in larger Canadian cities.
Winnipeg Housing Market Highlights
- The average selling price of a home in Winnipeg increased by 6.2% year-over-year to $380,400 in December.
- The average selling price of a single-family home in Winnipeg increased by 8.5% year-over-year to $410,000 in December.
- The average selling price of a townhouse/multiplex in Winnipeg increased by 4% year-over-year to $341,600 in December.
- The average selling price of a condo in Winnipeg increased by 5.7% year-over-year to $228,200 in December.
- The average rent in Winnipeg is now $1,666 for December.
- January 22, 2026: Today’s lowest mortgage rate in Winnipeg is
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 December was $380,400, and itincreased of 6.2% compared to a year ago.
WRREB also reported a sales-to-new-listings ratio (SNLR) of 99%, indicating Sellers market conditions in Winnipeg for December.
Composite Home Prices
The average selling price of a home in Winnipeg was $380,400 for the month of December, that’s increased by 0.6% month over month. On a year-over-year basis, Winnipeg home prices have increased 6.2% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Winnipeg was $410,000 for the month of December, that’s increased by 2.9% month over month. On a year-over-year basis, single-family home prices in Winnipeg have increased by 8.5% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Winnipeg was $341,600 for the month of December, that’s increased by 2.2% month over month. On a year-over-year basis, the price of a townhouse in Winnipeg has increased by 4% year-over-year.
Condo Prices
The average selling price of a condo in Winnipeg was $228,200 for the month of December, that’s decreased by 1.8% month over month. On a year-over-year basis, the price of a condo in Winnipeg has increased 5.7% year-over-year.
Transactions – Number of Sales
The number of sales in Winnipeg was 783 during December, that’s decreased by 21% month over month. On a year-over-year basis, sales in Winnipeg have decreased by 1.6% year-over-year.
New Listings
The number of new listings in Winnipeg was 788 during December, that’s decreased by 41.2% month over month. On a year-over-year basis, new listings in Winnipeg have decreased by 3.9% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Winnipeg was 99% during December, indicating a Sellers. On a monthly basis, that’s increased by 34.3% month over month. Winnipeg’s yearly sales to new listings ratio has increased by 2.4% year-over-year.
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 $1,666 for the month of December.
The average rent for a 1-bedroom apartment in Winnipeg was $1,417 for the month of December, which increased by 0.1% year over year.
The average rent for a 2-bedroom apartment in Winnipeg was $1,805 for the month of December, which increased by 1.9% year over year.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
How Does Renting Compare with Homeownership in Winnipeg?
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Frequently Asked Questions on Winnipeg Housing Market Outlook for 2026
Will home prices in Winnipeg increase in 2026?
Winnipeg’s home prices are expected to remain stable, with a slight upward movement in 2026. The market’s affordability and growing demand will support moderate price gains.
Is Winnipeg a good city to buy a home in 2026?
Winnipeg offers some of Canada’s most affordable housing options, making it ideal for first-time buyers and investors seeking substantial value.
How will mortgage rates impact Winnipeg’s housing market?
Declining mortgage rates will improve affordability, allowing more buyers to enter the market and driving demand for single-family homes.
What trends will shape Winnipeg’s housing market in 2026?
Key trends include affordability, demand for family-sized homes, and population growth driven by increased immigration.
How does Winnipeg’s home affordability compare to other Canadian cities?
Winnipeg remains one of Canada’s most affordable housing markets, with prices well below the national average. This affordability will continue to attract buyers in 2026.
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