Real Estate Blog

Winnipeg Real Estate Market Update – July 2026

Thu, 13 Aug 2026 13:22:36 GMT

IF YOU LOVE STATS, THIS IS THE ARTICLE FOR YOU!

July gave us an interesting mix.

Sales slowed compared to July last year, active listings increased, but average prices for both detached homes and condos still climbed.

So, fewer properties changed hands, buyers had more choice, and yet prices still held up.

That is a pretty good snapshot of the Winnipeg market right now.

July 2026 Winnipeg Real Estate Market at a Glance

Source: Winnipeg Regional Real Estate Board.

Across all MLS® property types, there were 1,475 total sales in July. That was:

9% lower than July 2025
1% below the five-year average

There were 4,005 active MLS® listings, which was:

9% higher than last year
1% above the five-year average

Total MLS® dollar volume was more than $601 million, down 7% from last July but still 4% above the five-year average.

So, compared to last year, we had fewer sales and more inventory.

That generally gives buyers a little more choice, but it does not automatically mean prices are falling.

Detached Home Prices Continued to Hold Strong

There were 1,054 detached home sales in July, down 7% from last year and 1% below the five-year average.

The average detached home price was $454,264.

That was:

2% higher than July 2025
6% above the five-year average

Once again, this is a good reminder that sales volume and home values do not always move together.

Fewer homes sold, but the average price still increased.

And, as always, an average price does not mean every Winnipeg home went up 2%.

A home in Transcona, River Heights, Garden City, St. Vital or the West End can all behave very differently depending on condition, location, lot, updates and price range.

The citywide average is useful, but it is only a starting point.

Winnipeg Condo Sales Slowed More Noticeably

There were 187 condominium sales in July, which was:

21% lower than July 2025
12% below the five-year average

Condos are having a bit of a rough go - my thought is that there’s been a lot of deferred maintenance catching up post-covid, driving special assessments & condo fee increases. Time will tell.

The average condo price was $290,522.

That was still:

2% higher than last year
5% above the five-year average

So while condo sales slowed more than detached homes, average prices still increased.

Keep in mind that “condominium” describes the ownership structure, not necessarily the style of property.

Condos can include apartments, townhouses and even some detached homes.

And when comparing condos, the purchase price is only one part of the picture. Condo fees, reserve fund health, special assessments, parking, management and the overall financial condition of the corporation can have a major impact on value.

What Is Happening So Far in 2026?

Looking at the year-to-date numbers helps smooth out some of the month-to-month noise.

Through the end of July, there were 8,762 total MLS® sales, down 6% from 2025 and just 1% below the five-year average.

Total MLS® dollar volume was more than $3.6 billion.

That was:

3% lower than last year
6% above the five-year average

There were 5,967 detached home sales year-to-date, down 7% from last year.

The average detached home price so far in 2026 is $473,124, which is:

3% higher than 2025
8% above the five-year average

A moment of silence for all the uncles that talked the kids out of buying houses for the past 5 years waiting for price to plummet. It’s just not happening.

For condominiums, there have been 1,248 sales so far this year, down 9% from last year.

The average condo price is $289,508, which is:

3% higher than 2025
6% above the five-year average

So even though total sales are behind last year, average prices remain higher.

That has really been one of the main themes of 2026 so far.

A Quick Look at Lake Country

The Winnipeg Regional Real Estate Board also released its mid-summer Lake Country update this month.

It looked at:

Lac du Bonnet
Lake Manitoba - East Side
Lake Winnipeg - East Side
Lake Winnipeg - West Side
Winnipeg River

And the results were all over the place depending on the area.

During the first half of 2026, sales were above both last year and the five-year average in Lac du Bonnet and Winnipeg River.

Sales were below both benchmarks in Lake Winnipeg - East Side, Lake Winnipeg - West Side and Lake Manitoba - East Side.

Average prices increased from last year in Lake Manitoba - East Side, Lake Winnipeg - West Side and Winnipeg River, while Lac du Bonnet and Lake Winnipeg - East Side were lower.

However, all five areas had average prices above their five-year averages.

Lake properties are a perfect example of why broad averages only tell part of the story.

Seasonal access, waterfront, septic systems, shoreline, road access, weather exposure and the exact location can make two seemingly similar properties worth very different amounts.

What Does This Mean for Winnipeg Buyers and Sellers?

For sellers, July is another reminder that higher average prices do not mean every home will automatically sell quickly or for top dollar.

There are more active listings than there were last year, which means buyers have more properties to compare.

Pricing and preparation matter.

For buyers, the increase in inventory is encouraging because there are more options available, but good properties can still move quickly.

Looking at recent sold prices is especially important.

What a home is listed for tells you what the seller is asking.

What comparable homes actually sold for tells you what buyers have been willing to pay.

Citywide statistics are a useful starting point.

The better question is what is happening in your specific neighbourhood, property type and price range.

If you are thinking about buying or selling in Winnipeg or the surrounding communities, reach out. We can look at the recent sales, current competition and the numbers that actually apply to your situation, so you can make the best decision for YOU and your unique situation.

Dino Stepic
Dino Stepic Personal Real Estate Corporation
RE/MAX One Group
204-808-7646
dino@thedinonetwork.ca

Winnipeg Real Estate Market Update: June 2026

Sun, 19 Jul 2026 13:32:51 GMT

IF YOU LOVE STATS, THIS IS THE ARTICLE FOR YOU!

Something different happened in June - it was the first month this year where total MLS sales were higher than the same month last year. Not MUCH higher - but enough to show we have momentum going into summer.

At the same time, we're still lagging year-to-date in terms of total sales compared to last year - but average prices have risen! The market is active, but the results vary considerably depending on the neighbourhood, property type and price range.

June 2026 Winnipeg Real Estate Market at a Glance

Source: Winnipeg Regional Real Estate Board.

Across all MLS® property types, there were 1,698 total sales in June. That was:

2% more than June 2025
2% more than the five-year average

There were 3,940 active MLS® listings at the end of June, an increase of 6% from last year and 1% above the five-year average.

More listings generally mean buyers have additional options, but competition remains strong in the most active portions of the Winnipeg housing market.

Detached Home Prices Continued to Rise

The average detached home price reached $483,910 - sounds wild but Winnipeg is still considered affordable compared to some bigger Canadian cities.

It is important to remember that an average price does not mean every Winnipeg home increased by the same amount. The value of an individual property still depends on its neighbourhood, size, condition, upgrades, location and the comparable homes competing for the same buyers.

Winnipeg Condominium Sales Slowed Slightly

There were 222 condominium sales in June, down 2% from both last June and the five-year average.

The average condominium price was $286,009. That was 2% lower than June 2025 but still 3% above the five-year average. Keep in mind 'condominium' includes apartments as well as some townhouses, and even some detached homes are considered condos. It's a style of ownership, not a style of construction.

For buyers, the slightly slower condominium market may create opportunities in certain buildings and neighbourhoods. However, condo fees, reserve funds, special assessments, management and the overall financial health of the corporation remain just as important as the purchase price.

Winnipeg’s Most Active Price Ranges

The most active detached home price range in June was $400,000 to $499,999, with 308 sales. That represented 25% of all residential detached sales.

The $300,000 to $399,999 range followed with 261 sales, representing another 21%.

Together, these two price ranges accounted for almost half of all detached home sales in June. Buyers searching between $300,000 and $500,000 should still be prepared to move quickly when a great property reaches the market.

At the higher end, 36 detached homes sold for at least $1 million, compared with 31 in June 2025. The highest residential detached sale exceeded $3.2 million.

For condominiums, the most active range was $200,000 to $299,999, which accounted for 79 sales and 36% of the condo market. Another 57 condominiums sold between $100,000 and $199,999.

Where Were the Most Homes Selling?

Waverley West recorded the most residential detached sales in Winnipeg during June, followed by River Park South. Through the first half of the year, Waverley West remained the most active area, followed by West Kildonan.

Outside Winnipeg, the Steinbach area recorded the most detached sales in June, followed by Gimli. For the first half of 2026, Steinbach led the surrounding markets, followed by the Morden and Winkler area.

Osborne Village recorded the most condominium sales in Winnipeg during June, followed by Crestview. Through the first half of the year, Osborne Village remained first, followed by River Park South and Downtown.

What Does This Mean for Winnipeg Buyers and Sellers?

For sellers, rising average prices are encouraging, but they do not guarantee a particular result. With active listings increasing, buyers may have more properties to compare. Accurate pricing, preparation and a strong marketing strategy remain important.

For buyers, additional inventory may provide more choice, but the most active price ranges can still move quickly. Understanding recent comparable sales before writing an offer can help you compete without losing sight of the property’s actual value.

Citywide statistics are a useful starting point. The better question is what is happening in your specific neighbourhood and price range.

Dino Stepic
Dino Stepic Personal Real Estate Corporation
REMAX One Group
204-808-7646
dino@thedinonetwork.ca

Winnipeg Real Estate Market | April 2026 Update

Fri, 10 Apr 2026 15:17:54 GMT

Prices hit record levels as spring market begins to build momentum

As we move deeper into the spring market, Winnipeg real estate is showing a familiar pattern: inventory remains tight while prices continue to push upward.

March saw fewer overall sales compared to last year, but average prices for both detached homes and condominiums reached record levels for March and for the first quarter of the year. In other words, demand remains strong while supply is still catching up.

Here’s a breakdown of what happened in March.

Overall MLS Market: Sales Slightly Down, Prices Continue to Climb

• 1,135 MLS sales (down 4% from March 2025)
• Active listings: 2,802 (down 10%)
• Total dollar volume: $472M+ (down 1%)

While activity is slightly lower than last year, prices are holding strong. The tighter inventory environment continues to support upward pressure on home values as we head further into the spring buying season.

The first quarter of 2026 reflects this same pattern.

Year-to-date (Jan–Mar 2026):

• 2,540 total MLS sales (down 9%)
• 4,555 total listings (down 9%)
• Total dollar volume: $1B+ (down 5%)

Even with fewer transactions, strong pricing continues to support overall market value.

Detached Homes: Record March Pricing

• 722 sales (down 7%)
• Average price: $474,567 (up 1%)
• Listings: 1,120 (down 15%)

Detached home prices reached their highest March level ever recorded, continuing the trend of rising values despite slightly lower transaction volume.

Inside Winnipeg, the average detached home price came in at $481,009, while homes outside the city averaged $461,299.

Top neighbourhoods by detached home sales:

• Waverley West
• East Transcona

Most active price range:
$300K–$399K (22%) followed closely by $400K–$499K (21%).

Luxury segment:
14 homes sold above $1M in March, with the highest sale approaching $2M.

Condominiums: Sales Dip, Prices Surge

• 190 sales (down 5%)
• Average price: $292,696 (up 6%)
• Listings: 391 (up 10%)

Condominium prices also reached record levels for March, continuing the trend of steady appreciation in Winnipeg’s more affordable housing segments.

Most active condo neighbourhoods:

• Osborne Village
• Downtown
• Richmond West
• Waverley West

Most popular price range:
$200K–$299K (31%) followed by $100K–$199K (27%).

Residential Attached: Sales Surge

• 109 sales (up 21%)
• Average price: $393,348 (up 5%)
• Listings: 253 (up 10%)

Attached homes were the standout performer in March, with a significant jump in sales and strong price growth.

Inside Winnipeg specifically:

• 86 sales (up 28%)
• Average price: $400,549 (up 3%)

This segment continues to attract buyers looking for a balance between affordability and space compared to detached homes.

Across the Region

Year-to-date detached home performance:

Area	Avg. Price	Sales
All MLS Areas	$458,771 ⬆ 2%	1,578 ⬇ 11%
Winnipeg	$468,842 ⬆ 3%	1,063 ⬇ 6%
Outside Winnipeg	$437,984 ⬇ 2%	515 ⬇ 19%
Steinbach (R16)	$428,311 ⬆ 9%	105 ⬇ 5%
Morden/Winkler (R35)	$356,670 ⬆ 10%	76 ⬆ 25%
Morris (R17)	$328,638 ⬆ 16%	32 ⬆ 23%
Niverville/Ritchot (R07)	$506,427 ⬇ 3%	29 ⬇ 36%
West St. Paul (R15)	$689,600 ⬆ 8%	27 ⬇ 29%

What This Means

Spring is beginning to build momentum in the Winnipeg market.

While the number of sales is slightly behind last year, record average prices and limited inventory continue to support strong values across the region. As temperatures warm up, more listings are expected to enter the market, which should create more opportunities for buyers heading into late spring and summer.

For sellers, tight inventory still creates favourable conditions. For buyers, preparation remains key as competition continues in many price ranges.

📩 Thinking about your next move?

If you're planning to buy, sell, or just want to understand where your home sits in today’s market, reach out anytime.

Whether you're buying, selling, or just curious what your home might be worth this year, send them my way.

Winnipeg Real Estate Market | December 2025 Update

Mon, 15 Dec 2025 14:18:37 GMT

Posted on December 15, 2025 by Dino Stepic

A strong year winds down as November shows a seasonal slowdown.

As we head into the final month of 2025, the Winnipeg real estate market is doing exactly what you would expect this time of year: easing slightly month over month, while still posting one of the strongest year-to-date performances on record.

November brought fewer sales and lower dollar volume compared to last year, but prices, especially on a year-to-date basis, remain well ahead of 2024. In short, the market is cooling seasonally, not structurally.

Here’s a breakdown of what happened in November.

Overall MLS Market: Seasonal Slowdown, Strong Year-to-Date Results

935 sales (down 10% from November 2024)
Active listings: 3,165 (down 5%)
Total dollar volume: $349M+ (down 12%)

While November activity slowed compared to last year and the five-year average, year-to-date numbers remain impressive. Through the end of November, total MLS sales are the third highest on record, and total dollar volume is the second highest, a strong finish heading into year-end November 2025 Market Release.

Detached Homes: First Price Dip of 2025

630 sales (down 7%)
Average price: $420,121 (down 3%)
Listings: 1,357 (down 5%)

November marked the first month in 2025 where the average price of detached homes declined year over year. That said, prices are still above the five-year average, and year-to-date detached prices are up 6% overall.

Inside Winnipeg, the average detached price landed at $429,201, while outside the city it averaged $399,250.

Top Winnipeg neighbourhoods by detached sales:
• East Kildonan
• St. Vital
• River Park South
• River Grove

Most active price range:
$300K–$399K (25%), followed closely by $400K–$499K (22%)

Luxury segment:
12 homes sold over $1M, with the highest sale exceeding $2M November 2025 Market Release.

Condominiums: Fewer Sales, Higher Prices

129 sales (down 15%)
Average price: $272,718 (up 6%)
Listings: 403 (up 2%)

Condo sales slowed in November, but prices continued to climb, setting a new November record. This continues the trend we’ve seen throughout the year where affordability-focused segments remain resilient.

Most active condo neighbourhoods:
• Osborne Village
• Linden Woods

Most popular price range:
$200K–$299K (38%), followed by $100K–$199K (26%) November 2025 Market Release.

Residential Attached: Mixed Results

77 sales (down 9%)
Average price: $356,847
Listings: 266 (up 13%)

Attached homes saw softer sales overall in November, though pricing remains stable and above the five-year average. Outside Winnipeg, attached home sales actually increased sharply, highlighting continued demand in surrounding communities.

Year-to-Date Snapshot (Jan–Nov 2025)

14,431 total MLS sales (up 4%)
Total dollar volume: $5.7B+ (up 10%)

• Detached homes: 9,842 sales, avg. $451,137 (up 6%)
• Condos: 2,070 sales, avg. $283,498 (up 3%)

Despite a softer November, 2025 will finish as one of the strongest years Winnipeg real estate has ever seen November 2025 Market Release.

Across the Region

Year-to-date detached home performance:

Area	Avg. Price	Sales
Winnipeg	$461,692 ⬆ 6%	6,392 ⬆ 3%
Outside Winnipeg	$431,582 ⬆ 8%	3,450 ⬆ 5%
Steinbach (R16)	$408,557 ⬆ 7%	474 ↔
Morden/Winkler (R35)	$371,000 ⬆ 12%	346 ⬇ 12%
Gimli (R26)	$304,496 ⬆ 4%	211 ⬇ 10%
Morris (R17)	$258,165 ⬇ 1%	203 ⬆ 9%
Niverville/Ritchot (R07)	$523,323 ⬆ 4%	201 ⬇ 7%

What This Means

November’s slowdown is typical for the holiday season. Buyers pause, sellers wait, and activity naturally cools. What matters more is the bigger picture, and that picture shows strong pricing, healthy demand, and solid fundamentals heading into 2026.

If you’re planning a move early in the new year, winter is the perfect time to get your strategy in place. Preparation now creates better results when the spring market wakes up.

📩 Thinking about your next move?
Whether you’re buying, selling, or just curious what your home might be worth heading into 2026, send them my way.

Winnipeg Real Estate Market | November 2025 Update

Wed, 19 Nov 2025 03:06:00 GMT

Average prices continue climbing and 2025 keeps breaking records.

October kept the momentum going.
Sales held steady, dollar volume climbed, and average prices across multiple categories hit new monthly and year-to-date highs. Inventory tightened again, continuing the pattern we’ve seen all year. Fewer listings, stronger prices, and consistent demand for well-presented homes.

Here’s what unfolded in the market:

Overall MLS Market: Higher Dollar Volume, Tight Listings

1,344 sales (up 1% from October 2024)
Active listings: 3,519 (down 3%)
Total dollar volume: $540M+ (up 7%)

Even with fewer listings coming to market, October outperformed last year in both sales and volume, sitting well above the five-year average.

Detached Homes: Record Pricing Continues

914 sales (down 1% from last year)
Average price: $442,104 (up 4%)
Listings: 1,603 (down 4%)

Detached homes continue to set new monthly and year-to-date price records in 2025. Inside the city, prices averaged $439,272 while outside Winnipeg jumped to $447,987, an 8% increase year-over-year.

Top-selling neighbourhoods (tie for first):
• St. Vital
• West Kildonan
• Polo Park

Second-place cluster:
Waverley West, River Park South, Devonshire Park, East Transcona

Most active price range:
$300K–$399K (28% of all detached sales)
Followed by $200K–$299K (13%)

Luxury segment:
23 homes sold at or above $1M, including one over $3.4M.

Condominiums: Prices Up, Sales Down

171 sales (down 19%)
Average price: $297,428 (up 12%)
Listings: 430 (up 6%)

Condo demand softened slightly in October, but prices continued their upward climb for the fifth time this year.

Most active neighbourhoods:
• Osborne Village
• Waverley West

Most popular price ranges:
• $200K–$299K (33%)
• $100K–$199K (26%)

Residential Attached: Strong Sales Growth

115 sales (up 29%)
Average price: $379,825
Listings: 258 (up 4%)

Attached homes saw one of the strongest month-over-month performances, especially inside Winnipeg, where average prices rose 6%.

Outside Winnipeg, sales climbed 13% despite a sharp drop in available listings.

Year-to-Date Snapshot (Jan–Oct 2025)

13,502 total MLS sales (up 5%)
Total dollar volume: $5.4B+ (up 12%)
Detached homes: 9,213 sales (up 4%), avg. $453,260 (up 7%)
Condos: 1,941 sales (up 1%), avg. $284,215 (up 3%)

Across the Region

Year-to-date detached homes by area:

Area	Avg. Price	Sales
All MLS Areas	$453,260 ⬆ 7%	9,213 ⬆ 4%
Winnipeg	$464,089 ⬆ 6%	5,954 ⬆ 3%
Outside Winnipeg	$433,476 ⬆ 9%	3,259 ⬆ 7%
Lake Country	$250,790 ⬆ 7%	764 ↔
Steinbach (R16)	$407,670 ⬆ 6%	448 ⬆ 2%
Morden/Winkler (R35)	$371,946 ⬆ 13%	328 ⬇ 12%
Gimli (R26)	$305,167 ⬆ 6%	204 ⬇ 4%
Morris (R17)	$258,200 ⬇ 1%	191 ⬆ 11%
Niverville/Ritchot (R07)	$522,587 ⬆ 4%	186 ⬇ 5%

What This Means

The fall market is proving resilient.
Prices continue to trend upward, inventory continues to tighten, and well-positioned listings are still seeing strong activity. Detached homes remain the standout performer, but condos and attached properties are quietly gaining ground thanks to ongoing affordability pressures.

If you’re entering the market this winter, strategy, pricing, and presentation matter more than ever.

📩 Thinking about your next move?
Whether you’re buying, selling, or curious what your home might be worth, send them my way.

📊 Winnipeg Real Estate Market | October 2025 Update

Tue, 14 Oct 2025 16:22:00 GMT

Sales up, listings tightening, and prices reaching new highs.

September didn’t cool things down; it actually heated up.
Sales jumped double digits compared to last year, and both detached and condo prices hit new records for September. Inventory is still tight, which is keeping competition steady, especially for well-presented homes.

Here’s a look at what’s happening across the market right now:

Overall MLS® Market: Higher Sales, Higher Prices

1,391 sales across all property types (up 12% from September 2024)
Active listings: 3,704 (down 8%)
Total dollar volume: $547M+ (up 17% year-over-year)

Even with fewer listings, overall sales and dollar volume climbed well above the five-year average. A strong sign of buyer demand still outpacing supplyMarket Release for September 20….

Detached Homes: Another Record Month

935 sales (up 6% from last year)
Average price: $436,507 (up 6%, a record high for September)
Listings: 1,752 (down 12%)

Inside Winnipeg, detached homes averaged $449,568, while outside the city, prices jumped 12% to $414,477.
Waverley West and River Park South led sales in the city, with Steinbach and Morden/Winkler taking the top spots outside WinnipegMarket Release for September 20….

Most active price range: $300K–$399K (22%), followed closely by $400K–$499K (21.8%).
16 homes sold over $1M, the highest topping $2.2M.

Condos: Big Jump in Sales and Prices

201 sales (up 16%)
Average price: $297,213 (up 7%)
Listings: 438 (down 7%)

Condo demand remained strong, especially in Osborne Village and Fort Richmond.
Outside the city, Morden/Winkler and Gimli were the busiest condo marketsMarket Release for September 20….

Most popular price range: $200K–$299K (34%), followed by $100K–$199K (28%).

Residential Attached: Strong Growth

116 sales (up 47%)
Average price: $393,062 (up 9%)
Listings: 261 (steady year-over-year)

Outside Winnipeg, attached homes saw major jumps, sales up 29% and prices up 29%, reaching an average of $407,309.
It’s one of the few categories showing strong year-over-year growth both inside and outside city limits.

Year-to-Date Snapshot (Jan–Sept 2025)

12,161 total MLS® sales (up 6% from 2024)
Total dollar volume: $4.8B+ (up 12%)
Detached homes: 8,300 sales (+5%), avg. price $454,488 (+8%)
Condos: 1,771 sales (+4%), avg. price $282,922 (+2%)Market Release for September 20….

Across the region:

Area	Avg. Price	Sales
All MLS®	$454,488 ⬆ 8%	8,300 ⬆ 5%
Winnipeg	$466,955 ⬆ 7%	5,338 ⬆ 3%
Outside Winnipeg	$432,022 ⬆ 9%	2,962 ⬆ 8%
Steinbach (R16)	$407,579 ⬆ 7%	413 ⬆ 5%
Morden/Winkler (R35)	$372,173 ⬆ 14%	291 ⬇ 14%
Gimli (R26)	$309,981 ⬆ 8%	188 ⬇ 3%
Niverville/Ritchot (R07)	$523,394 ⬆ 5%	168 ⬇ 1%
Morris (R17)	$261,904 ↔ 0%	167 ⬆ 10%

What This Means

The fall market is showing resilience.
Even with fewer listings, buyers are active and sellers are still getting strong prices, especially for homes that are priced right and presented well. Condos and attached homes continue to gain ground as affordability becomes a key focus across the region.

📩 Thinking about your next move?
Whether you’re buying, selling, or just curious what your home might be worth, send them my way.

📊 Winnipeg Real Estate Market – September 2025 Update

Tue, 23 Sep 2025 12:27:16 GMT

Sales down, prices climbing, and signs of balance

August looked a little different than July. While sales slowed compared to last year, prices continued to climb — setting new highs for both detached homes and condos. For buyers, that means more choice is starting to open up. For sellers, it’s a reminder that pricing and presentation matter more than ever.

Here’s what’s happening in our market:

Overall MLS® Market: Fewer Sales, Higher Values

1,402 sales across all property types (down 5% from August 2024)
Active listings: 3,624 (down 10%)
Total dollar volume: $561M+ (up 3% year-over-year)

Even with fewer transactions, the overall value of sales rose, thanks to higher average prices.

Detached Homes: New Price Record

970 sales (down 5%)
Average price: $450,596 (up 8% from last year — highest on record for August)
Listings: 1,688 (down 12%)

Inside Winnipeg, detached homes averaged $457,989, while outside the city prices jumped even higher to $437,959 (+13%). Waverley West and Garden City/Amber Trails led activity in the city; Steinbach topped the list outside Winnipeg.

Condos: Steady With Gains in Price

204 sales (down 3%)
Average price: $280,143 (up 4%)
Listings: 443 (down 4%)

In Winnipeg, condo sales actually ticked up compared to last year (180 vs. 178), with Osborne Village leading the way. Outside the city, Niverville/Ritchot and Steinbach were the busiest markets.

Residential Attached: Stronger Year-Over-Year

97 sales (up 3%)
Average price: $381,216 (up 5%)
Outside Winnipeg saw the biggest lift: sales up 45% and prices up 9%.

Year-to-Date Snapshot (Jan–Aug 2025)

10,773 total MLS® sales (up 5% from 2024)
Total dollar volume: $4.3B+ (up 12%)
Detached homes: 7,367 sales (+5%), average price $456,726 (+8%)
Condos: 1,571 sales (+2%), average price $281,261 (+2%)

Winnipeg vs. Surrounding Communities

Here’s how prices and sales are trending around the region:

Area	Avg. Price	Sales
All MLS®	$456,726 ⬆ 8%	7,367 ⬆ 5%
Winnipeg	$469,029 ⬆ 7%	4,753 ⬆ 3%
Outside Winnipeg	$434,357 ⬆ 9%	2,614 ⬆ 8%
Steinbach (R16)	$408,799 ⬆ 7%	371 ⬆ 8%
Morden/Winkler (R35)	$363,703 ⬆ 11%	252 ⬇ 15%
Gimli (R26)	$316,370 ⬆ 11%	166 ⬇ 4%
Niverville/Ritchot (R07)	$522,986 ⬆ 4%	158 ⬆ 5%
Morris (R17)	$268,894 ⬆ 3%	137 ⬆ 8%

Some areas are seeing sharp price growth even as sales slow (like Winkler and Gimli), while others , like Steinbach, remain both active and affordable.

What’s Selling?

Most active detached price range: $300K–$399K (25% of sales)
Second-most active: $400K–$499K (22% of sales)
13 homes sold at $1M+, the highest just over $1.75M
For condos, the $200K–$299K bracket was most popular (32% of sales), followed by $100K–$199K (29%).

Final Thoughts

August showed us a market that’s evolving. Prices are holding strong — in fact, hitting record highs — even though sales are slowing. For sellers, this is still a favourable time, but strategy is key. For buyers, more balance is starting to return, creating opportunities in certain pockets of the city and surrounding communities.

📩 Whether you’re buying, selling, or just curious about your home’s value — send them my way.

📊 Winnipeg Real Estate Market – August 2025 Update

Mon, 11 Aug 2025 16:57:42 GMT

Sales are up, inventory is tight, and the market is heating up

It’s been a busy summer across Winnipeg and beyond — and July’s numbers confirm it.

Compared to this time last year, we saw more homes selling, higher prices, and fewer listings to choose from. Whether you're watching the city market or checking out cottage country, there's movement everywhere. Here’s what’s happening:

Overall MLS® Market: Demand Outpaces Supply

1,620 sales across all property types (up 9% from July 2024)
Total volume: $646M (up 12%)
Active listings: 3,678 (down 12%)

Detached homes are leading the pack, with:

1,131 sales (up 9%)
Average price: $443,635 (up 2%)
Listings down 16%

Condo activity is strong too:

238 sales (up 12%)
Average price: $284,845 (about even with last year)

💬 “Sales are not only up over last year — they’re also above the 5-year average,” said Michael Froese, President of the Winnipeg Regional Real Estate Board. “It was a record-breaking July in terms of dollar volume.”

📆 Year-to-Date Snapshot (Jan–July 2025)

9,374 total MLS® sales (up 7%)
Total dollar volume: $3.7B+ (up 13%)
Listings down 1%

Detached homes:

6,399 sales (up 6%)
Average price: $457,667 (up 8%)

Condos:

1,367 sales (up 3%)
Average price: $281,427 (up 1%)

🗺️ Winnipeg vs. Surrounding Communities

Here's how prices and activity are trending across different parts of the region:

Area	Avg. Price	Sales
All MLS® Areas	$457,667 ⬆ 8%	6,399 ⬆ 6%
Winnipeg	$470,659 ⬆ 8%	4,142 ⬆ 5%
Outside Winnipeg	$433,824 ⬆ 8%	2,257 ⬆ 10%
Lake Country	$312,411 ⬆ 8%	374 ⬆ 10%
Steinbach (R16)	$403,456 ⬆ 6%	325 ⬆ 12%
Morden/Winkler (R35)	$356,108 ⬆ 9%	220 ⬇ 17%
Gimli (R26)	$317,209 ⬆ 12%	146 ⬆ 7%
Niverville/Ritchot	$514,203 ⬆ 1%	134 ⬆ 11%
Oakbank (R04)	$548,127 ⬆ 5%	114 ⬆ 63%

More people are buying outside of Winnipeg, and some of those communities are seeing major growth — especially Oakbank and Steinbach.

🏖️ Mid-Summer in Lake Country

Thinking about buying or selling a cottage? You’re not alone.

August tends to be the busiest time of year in cottage country, and five lake regions in particular are seeing strong action: Lac du Bonnet, Lake Manitoba (East Side), Lake Winnipeg (East & West), and Winnipeg River.

Here’s how they’ve performed in the first half of 2025:

🌲 Lac du Bonnet

Sales: 68 (up 8% from 2024)
Average Price: $318,732 (up 11%)

🛶 Lake Manitoba – East Side

Sales: 73 (up 4%)
Average Price: $173,721 (up 14%)

🏡 Lake Winnipeg – East Side

Sales: 83 (down 3%)
Average Price: $271,371 (up 27%)

🚤 Lake Winnipeg – West Side

Sales: 150 (up 1%)
Average Price: $253,920 (up 6%)

🌊 Winnipeg River

Sales: 13 (flat)
Average Price: $143,454 (down 28%)

🏞️ Each region is behaving differently — which just goes to show, if you're buying or selling recreational property, you’ll want a REALTOR® who knows the local market inside and out.

🏘️ What’s Hot (and What’s Selling)

Top neighbourhoods for detached home sales:

In Winnipeg: River Heights and Charleswood
Outside Winnipeg: Morden/Winkler and Steinbach

Top price brackets for detached homes:

$400K–$499K: 268 sales (24% of all sales)
$300K–$399K: 249 sales (22% of all sales)

Luxury sales:

20 homes sold at $1M+
Highest sale: just under $3M

Top condo locations:

Winnipeg: Osborne Village and Linden Woods
Outside city: Steinbach and Niverville/Ritchot

Most popular condo price ranges:

$100K–$199K: 79 sales (33% of all condo sales)
$200K–$299K: 71 sales (30% of all condo sales)

📌 Residential Attached Homes

This segment also saw solid gains:

114 sales (up 13%)
Average price: $374,496 (down 6%)

In Winnipeg:

79 sales
Average price: $388,267 (up 12%)

Outside Winnipeg:

35 sales
Average price: $343,413

Final Thoughts

Buyers are still buying — especially when a home is priced right and shows well. Inventory is lower than usual, so if you're thinking about making a move, this market could work in your favour.

Know someone? Whether they're house-hunting, cottage-shopping, or just curious about where your home's value stands…

📩 Send them my way.

all information courtesy of the Winnipeg Regional Real Estate Board

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Every corner of Winnipeg is packed full of character. Each area of the city has its own unique personality, amenities, activities and lifestyle, so it can be difficult to know where to settle down. As a couple, finding a new home means choosing a place that suits both of your needs, both in the present and looking ahead to future goals. Luckily, the city offers tons of options for established married couples, families and those couples that are just starting out.

There is never a bad time to relocate to Manitoba’s largest city. Tons of couples are leaving metro areas and flocking to Winnipeg for job opportunities, the affordable cost of living and easy access to art, culture and music scenes. If you and your partner are ready for a fresh start in a thriving city, let’s look at some of your options!

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There are plenty of reasons that a couple might relocate to Winnipeg. Whether you are new to town or just aren’t familiar with the landscape of property types throughout the city, Winnipeg’s best REALTOR® is here to help you out.

The first thing that you should do when searching for a new place to call home is to ask yourself, what do I need? When you’re part of a couple it’s important to ask both parties this same question and then see where these values line up, where they differ and what it will take to compromise on both of them. For example, if you are looking to start a family within the next year, purchasing a high-rise condo downtown might not be the best option. However, if you’re a newly married couple looking to enjoy some fun and nightlife before settling down, somewhere exciting like the Exchange District will better suit your needs.

Let’s take a look at some of your options:

The Exchange District

For anyone who is interested in architecture, great food and classic details, like a cobblestone walkway, the Exchange District is the perfect place to call home. The majority of properties for sale in this area are townhouses, condos or lofts, making it perfect for anyone who is in the market for low maintenance. Enjoy some of Winnipeg’s highest rated restaurants like Deer + Almond and Clementine. With tons of art galleries, studio spaces, and boutique businesses, there is always something to do in the Exchange District.

West St Paul

For any couple that prefers the quiet of the country to the bright lights of the city centre, West St Paul offers a little bit of both. Located just outside of the city limits, West St Paul offers couples the option to put down roots without sacrificing access to social activities and night life. Access to highways and main routes make it easy to get to work but when you’re at home you can be kicking back in a larger house, on a larger lot, set in a beautiful country environment.

Amber Trails

Surrounded by acres of green space, this community is the ideal place for a couple to purchase their first starter house or a forever home. Classified as a purely residential area, Amber Trails has acres of green spaces, man made lakes and playgrounds making it perfect for anyone who loves to enjoy the outdoors or is looking to grow their family in a kid-friendly environment.

Tuxedo

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Historic St. B is a great place to experience Manitoba’s French history with annual celebrations, tons of small businesses and restaurants that can’t be beat. From art galleries, theatres and cultural centres the arts are celebrated in every corner of this neighbourhood. Take a walk across the Provencher bridge or take a seat by the Red River and get a great view of the Forks. The homes in this area are primarily detached, single family homes and are often older construction with a ton of character. Even though a home is older it doesn’t mean that it can’t be outfitted with high-tech updates that suit your lifestyle.

Downtown

With the job market swinging from in-person to remote, or a hybrid of both, having a home downtown is a great way to accommodate both your working schedule and your partner. With the return of the NHL and growing sports culture, the downtown core has been experiencing a revival. This area is best suited for working couple who are looking to experience all of the nightlife and events that Winnipeg has to offer. Pop down the street to the Cube for Jazz Fest or make a night out of venue hopping during Fringe. The majority of properties for sale in this area are high-rise condos.

If you are looking to improve your quality of life and are sick of paying the high price of monthly rent, just give me a call! Let’s talk about your longterm goals as homeowners, what your plans for the future are and I can help you choose the best place to start your journey as owners or help to move you out of a starter and into your forever home.

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