What’s Happening in the Winnipeg Housing Market?
The average residential sale price in the Winnipeg housing market increased by 2.35 per cent between 2025 and 2026, rising from $472,088 to $483,216. Meanwhile, the number of sales decreased by approximately 5.59 per cent over the same period, from 4,649 to 4,389. Average 2026 sale prices are expected to remain within one per cent of current average prices, with little fluctuation expected. The number of transactions is projected to decrease by approximately three to five per cent year over year.
Winnipeg remains a balanced market, although conditions are expected to lean more toward a buyer’s market by the end of 2026. Inventory remains low for properties under $500,000, where demand is strong, while inventory is increasing for properties above $500,000 and homes are taking longer to sell as prices rise.
Home prices remaining too high relative to buyers’ incomes is the biggest factor preventing more first-time buyers from entering the market.
According to Akash Bedi, Broker/Owner of Winnipeg-based REMAX Executives Realty, the GST/HST rebate has not had a significant impact in Winnipeg and the surrounding area, although it has been welcomed by buyers who have decided to build. Rising material and land costs have increased new-construction prices.
The rebate has provided an additional incentive for buyers who qualify, particularly first-time buyers who have been priced out of the resale market and are considering new construction. Greater education and awareness around eligibility is still needed.
According to Akash, the greatest impact of the rebate has been seen in the $750,000 to $800,000 price range.
Buyers are least willing to compromise on property type, although more buyers are considering new condominiums as an entry point into the market.
The foreign buyer ban has had little impact on either affordability or new construction development.
Winnipeg continues to have strong market activity, with affordability and inventory varying significantly by price point.
Frequently Asked Questions
How have home prices changed in Winnipeg?
The average residential sale price in Winnipeg increased by 2.35 per cent between 2025 and 2026, rising from $472,088 to $483,216.
How have home sales changed in Winnipeg?
The number of sales decreased by approximately 5.59 per cent, from 4,649 to 4,389. Listing data was not provided.
What is expected for Winnipeg home prices in 2026?
Average 2026 sale prices are expected to remain within 1 per cent of current average prices, with little fluctuation expected.
What is expected for home sales in Winnipeg in 2026?
The number of transactions is projected to decrease by approximately 3 to 5 per cent year over year.
What type of market is Winnipeg experiencing?
Winnipeg remains a balanced market, although conditions are expected to lean more toward a buyer’s market by the end of 2026.
How does inventory vary across different price points?
Inventory remains low for properties under $500,000, where demand is strong, while inventory is increasing for properties above $500,000 and homes are taking longer to sell as prices rise.
What is the biggest barrier for first-time buyers?
Home prices remaining too high relative to buyers’ incomes is the biggest factor preventing more first-time buyers from entering the market.
How is the GST/HST rebate affecting the Winnipeg market?
According to Akash Bedi, Broker/Owner of Winnipeg-based REMAX Executives Realty, the GST/HST rebate has not had a significant impact in Winnipeg and the surrounding area, although it has been welcomed by buyers who have decided to build. Rising material and land costs have increased new-construction prices.
Who is benefiting most from the GST/HST rebate?
The rebate has provided an additional incentive for buyers who qualify, particularly first-time buyers who have been priced out of the resale market and are considering new construction.
Where has the rebate had the greatest impact?
According to Akash Bedi, the greatest impact of the rebate has been seen in the $750,000 to $800,000 price range.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on property type, although more buyers are considering new condominiums as an entry point into the market.
Has the foreign buyer ban affected affordability or new construction development?
The foreign buyer ban has had little impact on either affordability or new construction development.
What continues to drive activity in the Winnipeg market?
Winnipeg continues to have strong market activity, with affordability and inventory varying significantly by price point.
