Winnipeg Housing Market Outlook 2026

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Winnipeg Hits All-Time Price Highs While the Rest of Canada Cools

According to the Winnipeg Regional Real Estate Board (WRREB), for March 2026, both residential detached and condominium average prices reached their highest March and Q1 levels ever recorded. In a national market defined by softening values and cautious sentiment, Winnipeg is doing the opposite, and the reason is simple: there just aren’t enough homes to go around.

• Residential detached homes averaged $474,567 (+1% year-over-year), while condos jumped to $292,696 (+6%), both all-time March highs. Q1 figures for both segments also set new quarterly records. Total dollar volume held near flat at over $472 million despite the sales dip.
• Total MLS sales dipped 4% to 1,135 transactions, and Q1 new listings fell 9% to 4,555. Active listings dropped 10% year-over-year to just 2,802, producing an estimated 2.5 months of supply, firmly in seller’s market territory.
• Warmer weather should bring more listings, and the WRREB flagged trade conflicts and tariff uncertainty as potential risks to Manitoba’s export-driven economy. For now, though, the fundamentals, tight supply, end-user demand, and limited new construction, are keeping prices on an upward track.

With prices climbing in Winnipeg, getting your rate secured early matters more than in most markets. Contact nesto’s mortgage experts to build the best mortgage strategy for your financial goals before the spring push drives prices higher.

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Winnipeg Housing Market Highlights

• The average selling price of a home in Winnipeg increased by 2.9% year-over-year to $394,600 in March.
• The average selling price of a single-family home in Winnipeg increased by 3% year-over-year to $418,600 in March.
• The average selling price of a townhouse/multiplex in Winnipeg decreased by 2.9% year-over-year to $318,900 in March.
• The average selling price of a condo in Winnipeg increased by 2.3% year-over-year to $232,700 in March.
• The average rent in Winnipeg is now $1,669 for March.
• April 21, 2026: Today’s lowest mortgage rate in Winnipeg is 4.04% 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 March was $394,600, and itincreased of 2.9% compared to a year ago.

WRREB also reported a sales-to-new-listings ratio (SNLR) of 64%, indicating Sellers market conditions in Winnipeg for March.

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

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Winnipeg Market Rents Snapshot

The average rent in Winnipeg was $1,669 for the month of March.

The average rent for a 1-bedroom apartment in Winnipeg was $1,445 for the month of March, which increased by 1.2% year over year.

The average rent for a 2-bedroom apartment in Winnipeg was $1,786 for the month of March, which increased by 3.5% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,971	$2,462	$3,358	−3.3%
2	Vancouver	$2,715	$2,400	$3,355	−2.2%
3	Burnaby	$2,494	$2,115	$2,750	−9.1%
4	North York	$2,488	$2,112	$2,674	−1.3%
5	Coquitlam	$2,478	$2,116	$2,752	−6.1%
6	Etobicoke	$2,476	$2,128	$2,662	−3.4%
7	Toronto	$2,474	$2,188	$2,838	−3.1%
8	Oakville	$2,454	$2,167	$2,557	−16.9%
9	Kanata	$2,396	$2,238	$2,540	−12.7%
10	Mississauga	$2,360	$2,071	$2,453	−5.8%
11	Burlington	$2,346	$2,061	$2,434	−4.5%
12	Langley	$2,303	$1,974	$2,443	−2.2%
13	Vaughan	$2,290	$2,067	$2,592	−0.2%
14	Kingston	$2,286	$1,925	$2,430	19.6%
15	Scarborough	$2,281	$1,884	$2,378	−5.7%
16	Victoria	$2,255	$1,975	$2,584	−4.3%
17	East York	$2,245	$1,866	$2,536	−4.7%
18	Brampton	$2,239	$1,942	$2,304	1.3%
19	Halifax	$2,235	$2,026	$2,563	0.2%
20	Waterloo	$2,229	$2,066	$2,300	−6.1%
21	Guelph	$2,189	$1,924	$2,248	−8.4%
22	Hamilton	$2,170	$1,853	$2,396	14.3%
23	Ajax	$2,149	$1,909	$2,184	1.2%
24	Ottawa	$2,145	$1,955	$2,457	−4.7%
25	Barrie	$2,140	$1,936	$2,214	−1.4%
26	New Westminster	$2,137	$1,888	$2,718	−1.6%
27	Laval	$2,106	$1,715	$2,367	11.7%
28	Nanaimo	$2,105	$1,843	$2,299	5.1%
29	Surrey	$2,094	$1,818	$2,206	−8.2%
30	Kamloops	$2,078	$1,790	$2,148	1.6%
31	Greater Sudbury	$2,059	$1,886	$2,119	−10.5%
32	Kelowna	$2,056	$1,743	$2,217	−4.6%
33	Cambridge	$2,049	$1,834	$2,089	−4.4%
34	Kitchener	$1,989	$1,775	$2,134	−3.8%
35	Oshawa	$1,985	$1,719	$2,048	−3.8%
36	Brantford	$1,985	$1,794	$2,153	5.6%
37	Peterborough	$1,972	$1,725	$1,994	−1.1%
38	Airdrie	$1,958	$1,475	$1,748	−2.8%
39	Brossard	$1,948	$1,787	$2,010	−13.4%
40	Montreal	$1,938	$1,737	$2,285	2.2%
41	London	$1,911	$1,663	$2,055	−5.7%
42	Niagara Falls	$1,907	$1,690	$2,024	−2.7%
43	Calgary	$1,869	$1,532	$1,848	−4.2%
44	St. Catharines	$1,841	$1,636	$1,929	−1.0%
45	Welland	$1,792	$1,540	$1,973	8.9%
46	Gatineau	$1,732	$1,541	$1,843	−12.2%
47	Sarnia	$1,710	$1,508	$1,793	−4.1%
48	Winnipeg	$1,669	$1,445	$1,786	3.5%
49	Windsor	$1,622	$1,494	$1,784	−7.2%
50	Côte Saint-Luc	$1,605	$1,413	$1,840	−19.6%
51	Red Deer	$1,600	$1,362	$1,565	0.4%
52	Edmonton	$1,589	$1,288	$1,634	−1.3%
53	Saskatoon	$1,532	$1,347	$1,580	4.3%
54	Lethbridge	$1,483	$1,356	$1,558	−0.7%
55	Regina	$1,439	$1,285	$1,530	3.0%
56	Quebec City	$1,420	$1,290	$1,555	−11.6%
57	Medicine Hat	$1,387	$1,225	$1,406	0.8%
58	Fort McMurray	$1,362	$1,181	$1,404	0.5%
59	Lloydminster	$1,194	$1,069	$1,279	2.3%
60	St. John's	$1,143	$1,079	$1,253	5.5%

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 $528.19 per month on nesto’s lowest fixed 5-year rate at 4.04% 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%.

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Frequently Asked Questions on Winnipeg Housing Market Outlook for 2026

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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.

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