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Winnipeg Housing Market
- The average sale price across all home types was $411,421, up 4.6% from a year ago and up 4.6% from August.
- Detached homes and attached homes each reached a new September average-price record.
- Over a longer horizon, the all-types average is up 10.1% across three years and up 21% across five.
- The CREA composite benchmark stood at $392,900 as of August 2026, up 2.6% year-over-year.
- Detached home average price increased by 5.2% year-over-year to $459k.
- Attached home average price increased by 1.8% year-over-year to $396k.
- Condo average price decreased by 3.2% year-over-year to $288k.
Winnipeg Housing Market Overview
Home Prices and Transactions in Winnipeg
The average price across all home categories in Winnipeg was $411,421 in September 2026, up 4.6% from September 2025 and up 4.6% from August. Since any one month turns on the mix of what happened to sell, the trailing-twelve-month average is the firmer gauge, and it now has moved up 3.2% against the prior twelve months. Widening the lens, the average is up 10.1% over three years and up 21% over five.
Winnipeg recorded 1,250 home sales in September 2026, down 9.8% from September 2025 and down 5.7% from August. Measured over the trailing twelve months, sales are down 5.9% against the year before. Set five years back, monthly sales are down 7.5% over that span.
By Property Type
Detached homes, the largest slice of the market, sold for an average of $459,020 in September 2026, a new September record. That is up 5.2% year-over-year and up 4.5% from August, and up 26% across five years. Detached sales totalled 865 (down 7.3% year-over-year), while active detached listings stood at 2,098, up 20% from a year earlier.
Among attached homes the average price was $396,327, itself a fresh September record, up 1.8% from a year earlier and up 1.7% from August. 101 attached homes changed hands (down 11.4% year-over-year), and active listings reached 344, up 32% from a year ago.
Condominiums averaged $287,877, down 3.2% year-over-year and up 1.5% from August. Buyers closed on 155 units (down 23% year-over-year), and 502 condos were listed for sale, up 14.6% from a year earlier.
Inventory and Market Pace
Winnipeg's total inventory stood at 4,234 active listings, up 3.2% from August and up 14.3% from a year ago. At the current sales pace that works out to 3.4 months of supply, which points to a balanced market.
Benchmark Price
CREA's MLS® Home Price Index placed Winnipeg's composite benchmark at $392,900 in August 2026, up 2.6% year-over-year and up 8.9% over two years. CREA had not yet posted its index for September 2026 when this report was prepared, so this is the latest reading available. Winnipeg's benchmark stays well below those of Canada's other major cities, keeping it among the country's most affordable large markets.
Active Listings by Type
- Detached: 2,098 (up 20% annually)
- Condominiums: 502 (up 14.6% annually)
- Attached: 344 (up 32% annually)
What's Shaping Winnipeg's Housing Demand
Housing demand in Winnipeg ultimately tracks its population, and the demographic backdrop is shifting. The city counted 850,260 residents as of July 1, 2025, a gain of about 8,245 over the year and the fifth-largest headcount increase of any Canadian municipality — but a sharp step down from the roughly 26,800 added the year before. The brake is national. Canada's population actually fell in the first quarter of 2026, down about 55,000 people, as Ottawa's cuts to non-permanent resident numbers took hold. Winnipeg's own population is estimated far less often than the national quarterly figures, so the local count still shows growth, but the same forces are almost certainly pulling its trajectory lower as well.
Immigration is what powers Winnipeg's growth. The city has posted net interprovincial out-migration every year since 2001, so arrivals from abroad have long more than made up for residents leaving for other provinces. With immigration targets now tightening, that engine is easing off, which points to slower population growth ahead and, with it, gentler underlying demand for housing than the region saw through the recent surge.
The job market, by contrast, stays firm. Winnipeg's unemployment rate, measured as a three-month moving average, held under 5.5% through third quarter-2026, comfortably under the national 6.4%, with metro employment around 474,500 and still rising year over year. Winnipeg also remains one of the most affordable major housing markets in the country.
Note: Average home price is calculated by dividing the total dollar volume of sales by the total number of sales.
Note: This report draws on the Winnipeg Regional Real Estate Board's monthly data. Minor percentage differences from the board's release can occur, as we keep a consistent internal data set each month and do not adjust for the board's post-release revisions.
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Home Prices in Winnipeg
Winnipeg Housing Market Statistics for All Property Types in September 2026
Average Sold Price
Total Transactions
Property Type Distribution
Housing Markets Across Canada
Market Overview for Detached Homes in September 2026
Average Sold Price
Transactions
Market Overview for Attached Homes in September 2026
Average Sold Price
Transactions
Market Overview for Condominiums in September 2026
Average Sold Price
Transactions
Glossary and Definitions
MLS® Home Price Index (HPI): Developed by the Canadian Real Estate Association (CREA), the MLS® HPI is the most advanced tool for tracking price trends in the Canadian housing market. Rather than using simple average prices, which can be skewed by the mix of homes sold in a given month, the HPI tracks the value of a "Benchmark Home"—a property with typical attributes for its specific neighborhood. This allows for an accurate "apples-to-apples" comparison of home values across different regions and time periods, independent of a property's specific features or seasonal volatility. To ensure the index remains relevant, CREA performs an annual review every May to account for evolving market dynamics.
MLS® HPI Benchmark Price: This is the dollar value assigned to a "typical" home in a specific neighborhood. While the HPI itself is an index number used to track trends, the Benchmark Price translates that data into a real-world dollar figure, representing what a standard home with average features (like square footage, rooms, and lot size) would likely sell for in today's market.
Property types
Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.
Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.
Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.
Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.
Property Classes
Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.
Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.
Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owners of the buildings have leased the land and pay rent to their landlord while owning the building on the land.
Housing Markets Across Canada
Data sourced from the Winnipeg Real Estate Board (WRREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
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