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Winnipeg Housing Market

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Market Report Summary for August 2025
Updated September 18th, 2025
  • August's average price represents an annual increase of 8.1%, with a monthly rise of 0.4%.
  • Detached home average price increased by 8.4% year-over-year to $451k.
  • Attached home average price increased by 5.2% year-over-year to $381k.
  • Condo average price increased by 3.5% year-over-year to $280k.
  • October 7, 2025 Update: Today’s Lowest mortgage rate in Winnipeg is 3.79% for 5-Year Variable.

Winnipeg Housing Market Overview

Data for August 2025
Avg. Sold Price:$400,598
All Property Types:$400,598
Detached:$450,596
Attached:$381,216
Condo Apartment:$280,143
Transactions (Buy/Sell):1,402
All Property Types:1,402
Detached:970
Attached:97
Condo Apartment:204
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Winnipeg Housing Market: Price Movements for August 2025

Benchmark

Home Price

$384,200

-0.6%

1-Month Change

6.2%

1-Year Change

Average

Home Price

$400,598

+0.4%

1-Month Change

+8.1%

1-Year Change

Average

Detached

$450,596

+1.6%

1-Month Change

+8.4%

1-Year Change

Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.

Home Prices and Transactions in Winnipeg

Average home prices in Winnipeg were $400,598. August’s average price represents an annual increase of 8.1%, with a monthly rise of 0.4%. Winnipeg's housing market saw 1,402 home sales in August 2025. This number represents a 5.5% decrease in activity compared with August 2024. In August 2025, the Winnipeg benchmark home price of $384,200 is only 1.4% below its all-time high of June 2025. This June high was the 7th consecutive month that the benchmark Winnipeg home price registered an all-time high.

Average home prices are a good indicator of home prices, but the composition of the homes sold strongly influences them. Thus, they are not ideal for gauging changes in the real estate market. Benchmark prices in Winnipeg have risen 6.2% over the past year, 11% over the past two years, and 53% over the past decade. Total dollar volume of home sales reached $561.64 million, up 3% from August 2024. Year-to-date sales of 10,773 units are up 5% from last year.

The average sold price of detached homes in the Winnipeg area was $450,596 in August 2025. This is an 8.4% increase year over year and 1.6% higher than last month. In August, 970 detached homes sold (5.8% decline YoY).

The average sold price of an attached home in August 2025 was $381,216. This is up 5.2% yearly and 1.8% from last month. 97 attached houses changed owners in August. During August, 204 condominium units changed hands (-2.9% YoY). The average sold price of a condo was $280,143. This is up 3.5% annually and down 1.7% monthly.

The Winnipeg real estate inventory currently comprises 3,624 properties, including 1,688 detached properties, 443 condominiums, and 241 attached homes. Inventory levels in August 2025 are down 10% compared to last year, indicating a tighter supply year-over-year.

Comparing Winnipeg to other Housing Markets

Winnipeg remains the most affordable housing market among Canada’s seven largest population centers. The four largest housing markets—Toronto, Montreal, Vancouver, and Calgary—have benchmark home prices of $969,700, $572,500, $1,165,300, and $582,900, respectively. In contrast, Winnipeg’s benchmark home price stands at $384,200, highlighting its relative affordability compared to these major markets.

Winnipeg's housing price growth has been strong and exceeds the inflation rate. Over the past decade, Winnipeg’s benchmark home price has increased by 53%, compared to a 29% rise in the Consumer Price Index (CPI) over the same period. In comparison, home prices in Toronto, Montreal, and Vancouver have increased by 64%, 105%, and 43%, respectively. Unlike some other Canadian housing markets, particularly in Ontario, Winnipeg's market does not exhibit signs of a speculative bubble.

Note: Average Home Price is calculated by dividing the total dollar volume of sales by the total number of sales.

Note: This report is based on the Winnipeg Regional Real Estate Board's monthly data. Please note that minor variations in percentages may occur compared to the board's release, as we record and maintain a consistent data set each month and do not account for any potential post-release adjustments made by the board.

Home Prices in Winnipeg

Winnipeg Housing Market Statistics for All Property Types in August 2025

Average Sold Price

Total Transactions

Property Type Distribution

Detached
Attached
Condominiums
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Housing Markets Across Canada

DATA FOR August 2025

Market Overview for Detached Homes in August 2025

Average Sold Price

Transactions

Market Overview for Attached Homes in August 2025

Average Sold Price

Transactions

Market Overview for Condominiums in August 2025

Average Sold Price

Transactions

Glossary and Definitions

MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view and tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.

MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.

Strata Insurance: Strata insurance is insurance used by a strata like a condominium to cover damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:

  • Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
  • Liability for any property damage or bodily injury suffered on strata property
  • Any fixtures that are part of the "standard unit" or original construction of each unit

Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.

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.

Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.

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.

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • 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.
  • The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.