The average residential sale price in the Winnipeg housing market has increased by 6.8 per cent across all property types year-over-year in 2025, from $436,481 to $466,276. The number of sales transactions increased by 4.4 per cent for the same time period (from 6,396 to 6,675). Average residential sale prices will increase by three per cent going into 2026, compared to 2025. Sales are anticipated to rise by 0.5 per cent going into 2026, compared to 2025.
Trends in the Winnipeg Housing Market
Looking ahead to 2026, Winnipeg will transition to be a balanced market as inventory will increase through new constructions and a strong desire for turnkey properties with a garage for colder months.
The top three neighbourhoods anticipated to be the most desirable in the region in 2026 are:
- Waverly West: New developments in the area called Bison's Run is selling well and overall Waverly West has strong resale value with a good mix of property types, good amenities and new construction stabilizing.
- Sage Creek: A new neighbourhood in the final phases of development with strong resale value and lots of amenities including retail and restaurant locations. Walkable community with a variety of price points mean lots of opportunity for a variety of buyers.
- Deveonshire Park: There continues to be lots of activity in the area as it's known for affordable housing options in a family-friendly neighbourhood.
Single-detached homes are expected to see the strongest demand and sales activity in the region in 2026.
- Buying/Selling Trends for homebuyers and sellers looking ahead to 2026:
- First-time Homebuyers are buying move-in ready properties with a preference for properties with garages and yards. Properties selling between $450,000 and $500,000.
- Move Up/Over Homebuyers are buying properties between $750,000 and $1,000,000 with no significant shifts in trends.
- Retirees are holding onto their properties longer than average. If they're moving, they are looking to simplify their lives with easy amenities and prefer condo living to allow for easy travel and low maintenance. Many are looking between $300,000 and $350,000.
- New-home construction activity is comprised of more energy efficient homes with better quality and trendier designs reflecting the desire for turn-key properties.
- New developments are proceeding and should be in the market within the coming year and there is a still a strong demand for newer builds.
The Winnipeg market in Spring 2026 should see good activity with rates coming down slightly. The region still sees multiple offers in certain price points. The first few months of 2026 are predicted to have a slower start but with lowering interest rates, the region may see an increase in activity. If interest rates rise once more, there may be slowing demand with listings sitting longer on the market.
As rental rates continue to climb, many buyers are recognizing the value of homeownership in lieu of renting to invest in their homes. Investors have slowed as revenue properties sit longer on the market and ROI is not as lucrative as it was before. Buyers and sellers in the region have adjusted to the economic uncertainty of 2025 and are making plans accordingly. Winnipeg remains a stable market. Social media and 3D virtual tours are great marketing for properties. Websites remain the first stop for searches followed by a meeting with a professional agent.
