Winnipeg Housing Market Outlook 2026
Winnipeg Sets a Record Average for Detached Homes
According to the Winnipeg Regional Real Estate Board (WRREB), for June 2026, all MLS sales rose 2% year over year to 1,698 units, the first month in 2026 to outpace last year’s pace, while active listings climbed 6% to 3,940.
- The average detached price reached $483,910, up 2% year over year and 8% above the five-year average, the highest ever recorded for June.
- Condo sales slipped 2% year over year to 222 units, while the average condo price eased 2% to $286,009, a gentler pace than the detached segment.
- Total dollar volume topped $731 million, up 4% year over year and 9% above the 5-year average, on the back of steadier sales across the board.
Royal LePage forecasts Winnipeg prices will rise 5% in 2026, tied with Montreal as the strongest among the major markets it tracks, a notable showing for a market that has long traded on affordability rather than rapid appreciation.
With detached prices setting new records, reach out to nesto mortgage experts to compare mortgage rates in Winnipeg and lock in your plan for your home purchase.
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Winnipeg Housing Market Highlights
- The average selling price of a home in Winnipeg increased by 3.8% year-over-year to $401,200 in June.
- The average selling price of a single-family home in Winnipeg increased by 3.9% year-over-year to $424,500 in June.
- The average selling price of a townhouse/multiplex in Winnipeg increased by 1.9% year-over-year to $344,100 in June.
- The average selling price of a condo in Winnipeg increased by 1.2% year-over-year to $233,900 in June.
- The average rent in Winnipeg is now $1,679 for June.
- August 19, 2026: Today’s lowest mortgage rate in Winnipeg is 4.24% 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 June 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 June.
Composite Home Prices
The average selling price of a home in Winnipeg was $401,200 for the month of June, that’s unchanged by 0% month over month. On a year-over-year basis, Winnipeg home prices have increased 3.8% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Winnipeg was $424,500 for the month of June, that’s decreased by 0.1% month over month. On a year-over-year basis, single-family home prices in Winnipeg have increased by 3.9% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Winnipeg was $344,100 for the month of June, that’s increased by 3% month over month. On a year-over-year basis, the price of a townhouse in Winnipeg has increased by 1.9% year-over-year.
Condo Prices
The average selling price of a condo in Winnipeg was $233,900 for the month of June, that’s unchanged by 0% month over month. On a year-over-year basis, the price of a condo in Winnipeg has increased 1.2% year-over-year.
Transactions – Number of Sales
The number of sales in Winnipeg was 1,913 during June, that’s increased by 30.7% month over month. On a year-over-year basis, sales in Winnipeg have decreased by 5.8% year-over-year.
New Listings
The number of new listings in Winnipeg was 2,752 during June, that’s increased by 14.9% month over month. On a year-over-year basis, new listings in Winnipeg have decreased by 2.6% year-over-year.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Winnipeg was 70% during June, indicating a Sellers. On a monthly basis, that’s increased by 13.8% month over month. Winnipeg’s yearly sales to new listings ratio has decreased by 3.2% 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
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Winnipeg Market Rents Snapshot
The average rent in Winnipeg was $1,679 for the month of June.
The average rent for a 1-bedroom apartment in Winnipeg was $1,469 for the month of June, 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 June, which increased by 1.5% year over year.
Rental Price Changes by City
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $3,039 | $2,588 | $3,458 |
| 2 | Vancouver | $2,686 | $2,377 | $3,255 |
| 3 | Toronto | $2,580 | $2,234 | $2,947 |
| 4 | North York | $2,565 | $2,188 | $2,743 |
| 5 | Burnaby | $2,543 | $2,159 | $2,802 |
| 6 | Coquitlam | $2,526 | $2,134 | $2,753 |
| 7 | Oakville | $2,517 | $2,198 | $2,819 |
| 8 | Kanata | $2,514 | $2,230 | $2,751 |
| 9 | Etobicoke | $2,439 | $2,094 | $2,624 |
| 10 | Halifax | $2,372 | $2,071 | $2,616 |
| 11 | Burlington | $2,370 | $2,075 | $2,448 |
| 12 | Mississauga | $2,357 | $2,052 | $2,445 |
| 13 | Vaughan | $2,319 | $2,048 | $2,580 |
| 14 | Victoria | $2,307 | $2,016 | $2,682 |
| 15 | Brampton | $2,285 | $2,001 | $2,379 |
| 16 | Langley | $2,239 | $1,899 | $2,457 |
| 17 | Ajax | $2,234 | $1,878 | $2,218 |
| 18 | Guelph | $2,217 | $1,905 | $2,280 |
| 19 | Scarborough | $2,213 | $1,872 | $2,288 |
| 20 | New Westminster | $2,190 | $1,880 | $2,656 |
| 21 | Surrey | $2,167 | $1,794 | $2,239 |
| 22 | Ottawa | $2,164 | $1,960 | $2,449 |
| 23 | Barrie | $2,155 | $1,863 | $2,108 |
| 24 | Waterloo | $2,118 | $1,915 | $2,234 |
| 25 | Kingston | $2,100 | $1,827 | $2,271 |
| 26 | Laval | $2,096 | $1,732 | $2,356 |
| 27 | Nanaimo | $2,092 | $1,835 | $2,290 |
| 28 | Kelowna | $2,091 | $1,808 | $2,248 |
| 29 | East York | $2,050 | $1,791 | $2,312 |
| 30 | Cambridge | $2,042 | $1,847 | $2,139 |
| 31 | Greater Sudbury | $2,021 | $1,708 | $2,072 |
| 32 | Oshawa | $2,002 | $1,740 | $2,017 |
| 33 | Airdrie | $1,987 | $1,441 | $1,804 |
| 34 | Peterborough | $1,977 | $1,742 | $1,957 |
| 35 | Brossard | $1,970 | $1,722 | $2,199 |
| 36 | Kamloops | $1,956 | $1,731 | $2,042 |
| 37 | Montreal | $1,941 | $1,769 | $2,255 |
| 38 | Niagara Falls | $1,940 | $1,600 | $1,980 |
| 39 | Brantford | $1,936 | $1,807 | $2,043 |
| 40 | Hamilton | $1,929 | $1,654 | $2,235 |
| 41 | London | $1,924 | $1,670 | $2,058 |
| 42 | Kitchener | $1,908 | $1,684 | $2,078 |
| 43 | Calgary | $1,883 | $1,513 | $1,847 |
| 44 | St. Catharines | $1,817 | $1,558 | $1,931 |
| 45 | Welland | $1,779 | $1,522 | $1,985 |
| 46 | Gatineau | $1,775 | $1,592 | $1,852 |
| 47 | Côte Saint-Luc | $1,704 | $1,441 | $1,997 |
| 48 | Windsor | $1,685 | $1,492 | $1,921 |
| 49 | Sarnia | $1,680 | $1,495 | $1,728 |
| 50 | Winnipeg | $1,663 | $1,463 | $1,759 |
| 51 | Edmonton | $1,617 | $1,282 | $1,638 |
| 52 | Red Deer | $1,536 | $1,293 | $1,509 |
| 53 | Lethbridge | $1,519 | $1,342 | $1,571 |
| 54 | Quebec City | $1,516 | $1,279 | $1,611 |
| 55 | Saskatoon | $1,514 | $1,310 | $1,537 |
| 56 | Regina | $1,444 | $1,300 | $1,540 |
| 57 | Fort McMurray | $1,412 | $1,221 | $1,426 |
| 58 | Medicine Hat | $1,359 | $1,237 | $1,380 |
| 59 | Lloydminster | $1,348 | $1,072 | $1,386 |
| 60 | St. John's | $1,215 | $1,105 | $1,314 |
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 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. 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
Why are Winnipeg home prices rising while other markets decline?
Winnipeg home prices are rising while other Canadian markets are declining, primarily due to affordable home prices, steady local demand, and limited speculative activity.
Is Winnipeg vulnerable to a housing correction in 2026?
Winnipeg is less vulnerable to a housing correction due to lower price levels and stronger affordability.
Is buyer competition intense in Winnipeg?
Competition among buyers exists in Winnipeg but remains manageable relative to larger Canadian cities.
What is driving demand in Winnipeg’s housing market?
End-user demand rather than investor activity is driving Winnipeg’s housing market.
What defines Winnipeg’s housing outlook in 2026?
In 2026, Winnipeg’s housing outlook is defined by stability and modest price growth rather than volatility.
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