Winnipeg Housing Market Outlook 2026

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Winnipeg Sees Rising Detached Home Prices

According to the Winnipeg Regional Real Estate Board, condominiums reached their highest February average price on record. While overall sales of 786 units were down 11% year-over-year, the market continues to show distinct urban and rural patterns.

Condominium Prices Reach Record Levels

The average price for a condominium rose 4% to $284,086. This segment remains attractive for those seeking affordability, as detached home prices within Winnipeg proper rose by 5% to an average of $472,711.

• Total MLS dollar volume for the region was just over $314 million, a 10% decrease from last year.
• Residential detached sales totalled 489 homes, representing an 11% decline from the previous February.
• Active listings fell 8% year-over-year to 2,563 properties.
• Nearly 44% of detached sales occurred in the $300,000 to $500,000 price range.

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Winnipeg Housing Market Highlights

• The average selling price of a home in Winnipeg increased by 3% year-over-year to $383,800 in February.
• The average selling price of a single-family home in Winnipeg increased by 3.4% year-over-year to $406,700 in February.
• The average selling price of a townhouse/multiplex in Winnipeg decreased by 5.7% year-over-year to $314,600 in February.
• The average selling price of a condo in Winnipeg increased by 0.9% year-over-year to $226,600 in February.
• The average rent in Winnipeg is now $1,671 for February.
• March 18, 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 February was $383,800, and itincreased of 3% compared to a year ago.

WRREB also reported a sales-to-new-listings ratio (SNLR) of 62%, indicating Sellers market conditions in Winnipeg for February.

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 $1,671 for the month of February.

The average rent for a 1-bedroom apartment in Winnipeg was $1,427 for the month of February, which unchanged by 0% year over year.

The average rent for a 2-bedroom apartment in Winnipeg was $1,800 for the month of February, which increased by 3.2% year over year.

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,969	$2,465	$3,330	−4.4%
2	Vancouver	$2,672	$2,376	$3,289	−4.5%
3	North York	$2,524	$2,119	$2,689	0.00%
4	Burnaby	$2,517	$2,099	$2,788	−6.6%
5	Coquitlam	$2,513	$2,051	$2,750	−6.3%
6	Toronto	$2,482	$2,201	$2,857	−6.8%
7	Oakville	$2,456	$2,188	$2,524	−21.3%
8	Kanata	$2,405	$2,251	$2,564	−14.3%
9	Etobicoke	$2,375	$2,092	$2,548	−8.4%
10	Mississauga	$2,373	$2,077	$2,478	−7.6%
11	Burlington	$2,356	$2,052	$2,435	−5.0%
12	Langley	$2,344	$2,069	$2,467	−1.2%
13	Scarborough	$2,294	$1,926	$2,387	−6.8%
14	Kingston	$2,287	$1,927	$2,455	23.00%
15	Brampton	$2,282	$1,986	$2,302	−2.8%
16	Victoria	$2,271	$1,998	$2,607	−3.3%
17	Halifax	$2,269	$2,023	$2,550	1.80%
18	East York	$2,267	$1,913	$2,498	−8.8%
19	Vaughan	$2,254	$2,072	$2,516	−5.6%
20	Waterloo	$2,223	$2,055	$2,329	−9.2%
21	Ajax	$2,217	$1,812	$2,251	−0.5%
22	Guelph	$2,183	$1,973	$2,241	−8.6%
23	Barrie	$2,154	$1,926	$2,172	0.20%
24	Ottawa	$2,143	$1,960	$2,489	−2.3%
25	New Westminster	$2,131	$1,887	$2,650	−5.1%
26	Hamilton	$2,115	$1,767	$2,258	8.50%
27	Laval	$2,105	$1,711	$2,343	8.70%
28	Surrey	$2,090	$1,801	$2,236	−7.4%
29	Greater Sudbury	$2,080	$1,897	$2,145	−5.8%
30	Nanaimo	$2,057	$1,812	$2,324	7.20%
31	Cambridge	$2,039	$1,802	$2,104	−6.1%
32	Kitchener	$2,019	$1,790	$2,143	−4.6%
33	Oshawa	$2,018	$1,746	$2,058	−4.8%
34	Kamloops	$2,018	$1,773	$2,180	5.50%
35	Brantford	$1,996	$1,820	$2,103	2.80%
36	Kelowna	$1,994	$1,703	$2,142	−9.9%
37	Brossard	$1,973	$1,799	$2,049	−9.0%
38	Peterborough	$1,956	$1,711	$1,995	−0.6%
39	Montreal	$1,925	$1,722	$2,257	0.10%
40	Airdrie	$1,914	$1,442	$1,702	−4.3%
41	London	$1,912	$1,647	$2,048	−6.1%
42	Niagara Falls	$1,901	$1,615	$1,936	−9.2%
43	Calgary	$1,870	$1,531	$1,844	−3.9%
44	Gatineau	$1,869	$1,639	$2,049	−8.2%
45	St. Catharines	$1,832	$1,626	$1,937	−2.7%
46	Sarnia	$1,761	$1,538	$1,836	−4.0%
47	Welland	$1,704	$1,546	$1,872	1.70%
48	Winnipeg	$1,671	$1,427	$1,800	3.20%
49	Windsor	$1,657	$1,517	$1,825	−1.5%
50	Edmonton	$1,590	$1,302	$1,639	−0.7%
51	Côte Saint-Luc	$1,567	$1,415	$1,802	−21.9%
52	Red Deer	$1,556	$1,282	$1,511	2.10%
53	Saskatoon	$1,555	$1,329	$1,555	2.10%
54	Lethbridge	$1,502	$1,361	$1,582	0.00%
55	Regina	$1,454	$1,259	$1,521	3.30%
56	Quebec City	$1,444	$1,341	$1,597	−15.2%
57	Medicine Hat	$1,364	$1,240	$1,386	−0.6%
58	Fort McMurray	$1,353	$1,165	$1,411	−0.7%
59	Lloydminster	$1,255	$1,090	$1,354	8.40%
60	St. John's	$1,163	$1,084	$1,253	−5.1%

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 $520.07 per month on nesto’s lowest fixed 5-year rate at and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

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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