Winnipeg Housing Market Outlook 2026
Winnipeg Region Buyers Gain Choice as Sales Ease and Inventory Grows
According to the Winnipeg Regional Real Estate Board (WRREB), MLS sales across the Winnipeg region totalled 1,250 in September 2026, down 10% from September 2025 and level with the five-year average. Active listings rose 14% from a year earlier and were 5% above the five-year average, reaching 4,234.
- The MLS HPI composite benchmark price for Winnipeg was $392,100, up 3.1% YoY, and WRREB reported record year-to-date average prices of $467,687 for detached homes (up 3%) and $288,751 for condominiums (up 2%). The September average detached price also set a record.
- Condominium sales fell 23% YoY to 155, the steepest decline of any segment, and year-to-date sales were down 7% to 11,333.
- Detached active listings climbed 20% YoY to 2,098, adding more choice in the market’s dominant segment.
Start by comparing mortgage rates in Winnipeg, then speak with our nesto mortgage experts about buying while record prices sit alongside growing inventory.
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Winnipeg Housing Market Highlights
- The average selling price of a home in Winnipeg increased by 3.13% year-over-year to $392,100 in September 2026.
- The average selling price of a single-family home in Winnipeg increased by 3.09% year-over-year to $413,600 in September 2026.
- The average selling price of a townhouse/multiplex in Winnipeg increased by 0.79% year-over-year to $331,700 in September 2026.
- The average selling price of a condo in Winnipeg increased by 1.93% year-over-year to $237,500 in September 2026.
- November 6, 2026: Today’s lowest mortgage rate in Winnipeg is 4.44% 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 September 2026 was $392,100, and it increased by 3.13% compared to a year ago.
WRREB also reported a sales-to-new-listings ratio (SNLR) of 59%, indicating balanced market conditions in Winnipeg for September 2026.
| Winnipeg | Composite Price September 2026 | Composite Price August 2026 | YoY Change (%) | MoM Change (%) |
|---|---|---|---|---|
| Single Family Home | $413,600 | $413,900 | increased by 3.09% | decreased by 0.07% |
| Townhouse/Multiplex | $331,700 | $337,300 | increased by 0.79% | decreased by 1.66% |
| Condo / Apartments | $237,500 | $241,000 | increased by 1.93% | decreased by 1.45% |
| Composite | $392,100 | $392,900 | increased by 3.13% | decreased by 0.20% |
Winnipeg Home Price Changes Over The Last Decade
Composite Home Prices
The average selling price of a home in Winnipeg was $392,100 for the month of September 2026, that’s decreased by 0.20% month-over-month. On a year-over-year basis, Winnipeg home prices have increased by 3.13%.
Composite Home Prices in Winnipeg
Monthly changes to Winnipeg’s composite home prices over the last 10 years.
Single-Family Home Prices
The average selling price of a single-family home in Winnipeg was $413,600 for the month of September 2026; that’s decreased by 0.07% month-over-month. On a year-over-year basis, single-family home prices in Winnipeg have increased by 3.09%.
Single-Family Home Prices in Winnipeg
Monthly changes to Winnipeg’s single-family home prices over the last 10 years.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Winnipeg was $331,700 for the month of September 2026; that’s decreased by 1.66% month-over-month. On a year-over-year basis, the price of a townhouse in Winnipeg has increased by 0.79%.
Townhouse and Multiplex Prices in Winnipeg
Monthly changes to Winnipeg’s townhouse and multiplex home prices over the last 10 years.
Condo Prices
The average selling price of a condo in Winnipeg was $237,500 for the month of September 2026; that’s decreased by 1.45% month-over-month. On a year-over-year basis, the price of a condo in Winnipeg has increased by 1.93%.
Condo Prices in Winnipeg
Monthly changes to Winnipeg’s condominium apartment home prices over the last 10 years.
Winnipeg Housing Market Conditions
Number of Home Sales
Winnipeg home sales were 1,272 during September 2026, it decreased by 6.40% month-over-month. On a year-over-year basis, home sale transactions in Winnipeg have decreased by 15.03%.
Home Sales Volume in Winnipeg
Winnipeg’s MLS home sale volume over the past 12 months.
New Listings
The number of new listings in Winnipeg was 2,155 during September 2026, it increased by 0.23% month-over-month. On a year-over-year basis, new listings in Winnipeg have decreased by 5.94%.
New Listings in Winnipeg
Winnipeg’s MLS new listings over the past 12 months.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Winnipeg was 59% during September 2026, indicating a balanced market. On a monthly basis, it decreased by 6.65% month-over-month. Winnipeg’s yearly sales-to-new-listings ratio has decreased by 9.65%.
SNLR in Winnipeg
Monthly change in Winnipeg’s sales-to-new-listings ratio (SNLR) over the past 12 months.
The sales-to-new-listings ratio (SNLR) measures home sales relative to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold the upper hand and have greater negotiating power. An SNLR between 40% and 60% indicates a balanced market, while an SNLR over 60% indicates a seller’s market.
Market Conditions in Winnipeg
| Oct 2025 | sellers market |
| Nov 2025 | sellers market |
| Dec 2025 | sellers market |
| Jan 2026 | balanced market |
| Feb 2026 | sellers market |
| Mar 2026 | sellers market |
| Apr 2026 | sellers market |
| May 2026 | sellers market |
| Jun 2026 | sellers market |
| Jul 2026 | sellers market |
| Aug 2026 | sellers market |
| Sep 2026 | balanced market |
SNLR — last 12 months
Monthly change in Winnipeg’s market conditions over the past 12 months.
Short-Term Composite Home Price Trends in Winnipeg
Monthly changes to Winnipeg’s composite home price over the last 12 months.
Winnipeg Market Rents Snapshot
The average rent in Winnipeg was $1,653 in September 2026 and has decreased by 3.73% year over year.
The average rent for a 1-bedroom apartment in Winnipeg was $1,435 for September 2026 and has decreased by 0.21% year over year.
The average rent for a 2-bedroom apartment in Winnipeg was $1,764 for September 2026 and has decreased by 5.87% year over year.
Average Rents for Cities Across Canada
| Rank | City | Total Avg | 1 Bed | 2 Bed |
|---|---|---|---|---|
| 1 | North Vancouver | $3,028 | $2,466 | $3,477 |
| 2 | Vancouver | $2,754 | $2,373 | $3,271 |
| 3 | Burnaby | $2,564 | $2,111 | $2,785 |
| 4 | Toronto | $2,556 | $2,220 | $2,937 |
| 5 | North York | $2,528 | $2,093 | $2,692 |
| 6 | Kanata | $2,501 | $2,265 | $2,691 |
| 7 | Coquitlam | $2,482 | $2,053 | $2,608 |
| 8 | Oakville | $2,460 | $2,165 | $2,703 |
| 9 | Etobicoke | $2,431 | $2,099 | $2,644 |
| 10 | Barrie | $2,397 | $2,148 | $2,552 |
| 11 | Burlington | $2,379 | $2,074 | $2,389 |
| 12 | Vaughan | $2,363 | $2,114 | $2,569 |
| 13 | Mississauga | $2,337 | $2,036 | $2,423 |
| 14 | Halifax | $2,324 | $2,002 | $2,508 |
| 15 | Brampton | $2,261 | $1,990 | $2,334 |
| 16 | Victoria | $2,253 | $1,987 | $2,632 |
| 17 | New Westminster | $2,241 | $1,881 | $2,734 |
| 18 | Langley | $2,239 | $1,868 | $2,426 |
| 19 | Surrey | $2,227 | $1,807 | $2,251 |
| 20 | Guelph | $2,225 | $1,961 | $2,292 |
| 21 | Ajax | $2,214 | $1,927 | $2,294 |
| 22 | Ottawa | $2,200 | $1,969 | $2,445 |
| 23 | Scarborough | $2,178 | $1,855 | $2,315 |
| 24 | Waterloo | $2,158 | $1,884 | $2,302 |
| 25 | Nanaimo | $2,157 | $1,897 | $2,261 |
| 26 | Kingston | $2,150 | $1,930 | $2,308 |
| 27 | Laval | $2,131 | $1,712 | $2,364 |
| 28 | Kelowna | $2,111 | $1,834 | $2,270 |
| 29 | Brossard | $2,083 | $1,790 | $2,190 |
| 30 | Cambridge | $2,055 | $1,863 | $2,143 |
| 31 | East York | $2,044 | $1,800 | $2,355 |
| 32 | Airdrie | $2,013 | $1,466 | $1,750 |
| 33 | Oshawa | $1,993 | $1,724 | $2,006 |
| 34 | Niagara Falls | $1,988 | $1,714 | $1,960 |
| 35 | Greater Sudbury | $1,982 | $1,745 | $2,076 |
| 36 | Montreal | $1,961 | $1,746 | $2,261 |
| 37 | Kamloops | $1,957 | $1,701 | $2,023 |
| 38 | Kitchener | $1,935 | $1,709 | $2,063 |
| 39 | Peterborough | $1,926 | $1,692 | $1,964 |
| 40 | Brantford | $1,923 | $1,780 | $2,033 |
| 41 | Hamilton | $1,910 | $1,657 | $2,130 |
| 42 | London | $1,897 | $1,628 | $1,998 |
| 43 | Calgary | $1,883 | $1,508 | $1,834 |
| 44 | St. Catharines | $1,830 | $1,518 | $1,959 |
| 45 | Welland | $1,792 | $1,540 | $1,920 |
| 46 | Gatineau | $1,769 | $1,625 | $1,810 |
| 47 | Côte Saint-Luc | $1,655 | $1,410 | $1,875 |
| 48 | Winnipeg | $1,653 | $1,435 | $1,764 |
| 49 | Windsor | $1,638 | $1,467 | $1,843 |
| 50 | Edmonton | $1,633 | $1,281 | $1,643 |
| 51 | Quebec City | $1,620 | $1,308 | $1,642 |
| 52 | Red Deer | $1,614 | $1,338 | $1,503 |
| 53 | Sarnia | $1,583 | $1,408 | $1,642 |
| 54 | Lethbridge | $1,573 | $1,355 | $1,558 |
| 55 | Saskatoon | $1,559 | $1,305 | $1,536 |
| 56 | Regina | $1,468 | $1,305 | $1,521 |
| 57 | Lloydminster | $1,392 | $1,108 | $1,422 |
| 58 | Fort McMurray | $1,386 | $1,147 | $1,372 |
| 59 | St. John's | $1,362 | $1,167 | $1,328 |
| 60 | Medicine Hat | $1,360 | $1,232 | $1,391 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province
| LOCATION | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| AB | $1,780 | $1,409 | $1,745 | $2,177 |
| BC | $2,231 | $1,904 | $2,355 | $2,850 |
| MB | $2,403 | $2,045 | $2,649 | $3,313 |
| ON | $1,649 | $1,428 | $1,751 | $2,008 |
| QC | $2,240 | $1,963 | $2,410 | $2,902 |
| SK | $1,933 | $1,694 | $2,144 | $2,558 |
| Atlantic Canada | $1,490 | $1,284 | $1,504 | $1,993 |
| Canada | $2,034 | $1,756 | $2,138 | $2,489 |
Average Rent by Property Type Across Canada
| TYPE | Total | 1B | 2B | 3B |
|---|---|---|---|---|
| Apartment | $2,036 | $1,799 | $2,221 | $2,715 |
| Condominium | $2,052 | $1,844 | $2,161 | $2,769 |
| House/Townhouse | $2,016 | $1,311 | $1,732 | $2,299 |
| All | $2,034 | $1,756 | $2,138 | $2,489 |
How Does Renting Compare With Homeownership in Winnipeg?
Each $100,000 in mortgage balance costs an average of $556 per month on nesto’s lowest fixed 5-year rate at 4.44%, and $517 per month on nesto’s lowest adjustable 5-year rate at 3.66%.
On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.
The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of November 6, 2026 and are subject to change. Canada’s policy rate is 2.50%, and nesto’s prime rate is 4.70%.
We're curious…
Frequently Asked Questions (FAQ) About the Winnipeg Housing Market in 2026
Are Winnipeg Housing Market Conditions Favouring Buyers or Sellers in 2026?
Winnipeg housing market conditions in 2026 are balanced, with sellers holding a price advantage while buyers gain choice. In September, active listings rose 14% year over year to 4,234, 5% above the five-year average, while WRREB reported 1,250 MLS sales, down 10% from a year earlier and in line with the five-year average. Calculated by nesto from Manitoba Real Estate Association counts scaled to the Winnipeg region, the sales-to-new-listings ratio (SNLR) was 59.0%, at the top of the 40% to 60% balanced range and down from 63.2% in August. Prices are still rising, with the composite benchmark up 3.1% year over year, and record year-to-date average prices for detached homes and condominiums keep sellers in a stronger position than the growing inventory alone would suggest.
Are Home Prices in Winnipeg Going Up or Down in 2026?
Home prices in Winnipeg are up in 2026, on the benchmark measure and on year-to-date averages. The MLS HPI composite benchmark was $392,100 in September, up 3.1% year over year, with single-family homes up 3.1% to $413,600 and condominiums up 1.9% to $237,500. The composite eased 0.2% from August. WRREB reported record year-to-date average prices of $467,687 for detached homes, up 3%, and $288,751 for condominiums, up 2%, even as sales have eased.
Why Are Winnipeg Condo Sales Falling While Condo Prices Set a Record?
Winnipeg condominium sales fell 23% year over year to 155 in September, the steepest decline of any segment, even as the year-to-date condo average price rose 2% to a record $288,751. That split suggests fewer condos are trading while the ones that sell are holding their value, rather than broad-based price weakness. Year-to-date sales across the Winnipeg region were down 7% to 11,333.
What Is the Strongest Property Segment in Winnipeg?
Detached homes are the strongest segment in Winnipeg on price in September 2026. The September average detached price set a record, the year-to-date average reached $467,687, up 3%, and detached active listings climbed 20% year over year to 2,098, adding choice in the segment that dominates the market. Condominiums were the weakest segment for sales, down 23% to 155, the steepest decline of any segment.
Is It Cheaper to Rent or Buy in Winnipeg in 2026?
The cost of renting versus buying in Winnipeg in 2026 depends on more than the headline numbers. Manitoba asking rents fell 3.2% year over year to $1,649 in September, according to Rentals.ca’s National Rent Report for October 2026, while the Winnipeg MLS HPI composite benchmark rose 3.1%. With rents easing and prices rising, the two costs are moving in opposite directions. Over time, the cheaper option still depends on how long it takes to save the down payment, how long you plan to stay and the mortgage rate you qualify for.
Why Choose nesto
At nesto, our commission-free mortgage experts are salaried and regulated, with most licensed in multiple provinces. They are evaluated on client satisfaction and the quality of their advice, and they help you compare mortgage options and understand rates and qualification requirements. Once you’re ready to move forward, they work with you on a mortgage strategy that fits your situation.
nesto pairs expert advice with a 100% digital, transparent and seamless process, and a dedicated mortgage professional supports you throughout your purchase, renewal or refinance.
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