Winnipeg Real Estate: 2025 Spotlight on Luxury

Luxury home-buying activity in the Winnipeg real estate market has edged higher yet again in 2025, with equity gains spurring the most recent spike in sales over the $800,000 price point. Twenty-three freehold properties were sold in the first two months of the year, climbing six per cent over the 21 homes sold during the same period in 2024.

Tight inventory levels continue to exist for housing product under the $500,000 price point, which has prompted greater activity in the move-up segment. Demand is greatest for older, character homes on generous lot sizes in established neighbourhoods, with the highest number of luxury sales occurring in South Charleswood, Tuxedo, South St. Vital, Waverley West, Lindenwood /Lindenridge.  While inventory levels are adequate overall, the number of properties listed for sale at lower luxury price points could be higher given greater demand at the entry-level.

Growing trends in the luxury segment of the Winnipeg real estate market include multi-generational ownership, with some builders and developers now incorporating secondary suites with kitchens and separate entrances in new builds, while others are including bedrooms with ensuites on the main floor of new construction. The transfer of wealth also continues as aging parents and grandparents help new generations attain home ownership.

The possibility of US tariff implementation has shaken some luxury buyers and sellers, but most are moving forward with their plans. Life changes will continue to spark most decisions to move, whether it’s a growing family or one that’s downsizing. Further rate cuts will also encourage more home-buying activity, albeit later in the year. Investors from the Greater Toronto Area and BC’s Lower Mainland are helping to bolster sales in the city by purchasing rental properties. With all segments of the market working in tandem, luxury sales are expected to match 2024 levels by year end 2025.

Have questions, or are you ready to engage in the market? Connect with a RE/MAX agent today.