Manitoba Housing Market: Provincial Home Prices | July 2026

The Manitoba Real Estate Association (MREA) adds up the MLS® Systems of the province’s boards, Winnipeg’s included, and publishes the totals with a provincial MLS® HPI benchmark. Its latest release on CREA’s statistics site is for July 2026, earlier than the August 2026 figures used for most other provinces, so every MREA figure on this page is for that month. Winnipeg’s own board reports a later month on the Winnipeg housing market page, and the Canadian housing market overview compares Manitoba with the rest of the country.

Manitoba home prices, July 2026

MREA, July 2026.

All three home types gained over the year, so the composite’s rise was not carried by a single segment. A typical apartment cost 58% of a typical single-family house and a townhouse 84%. The average sale price was $399,003, up 2.2% on the year, and for the first seven months of the year it was $409,951, 3% above the same stretch of the year before. Sales in the month were worth $645.2 million.

Sales, listings and months of inventory

Boards across Manitoba recorded 1,617 sales (-7.2% on the year) and 2,222 new listings (-2.2%), the fewest new listings for the month in a decade, according to MREA. Sales were therefore 72.8% of new listings, above the 45% to 65% band CREA treats as balanced.

Active listings at the end of the month numbered 3,577, 8.7% more than a year earlier. That equals 2.2 months of sales. MREA reports 2.2 months, up from 1.9 a year before but under the long-run average of 2.7 months for July, and below CREA’s 3.6-month line for a seller’s market. MREA’s president read the month the same way: demand still strong, inventory below average and conditions generally favouring sellers.

Winnipeg within the provincial numbers

In August 2026 the Winnipeg Regional Real Estate Board reported 1,326 sales across its market region, a detached average of $439,216 and a condo average of $283,715; its page breaks those down between the city and the surrounding towns.

Buying a home in Manitoba

Manitoba is one of the provinces that charges a land transfer tax (all provinces). Nothing is due on the first $30,000 of the price; the rate then steps from 0.5% to 2.0% on the value above $200,000. A home at the provincial benchmark would pay $5,508. At that price the smallest down payment is $19,645, mortgage insurance adds $14,930 to the loan, and once a home is bought, eligible owners can claim Manitoba’s Homeowners Affordability Tax Credit of up to $1,600 (2026) against property tax.

Qualifying for the benchmark home at minimum down takes about $91,500 of household income (method). Manitoba’s median household income in the 2021 Census was $79,500, for 2020, which puts the requirement 15% above the median. Programs for new buyers are on the Manitoba first-time home buyer page, and the Manitoba mortgage affordability calculator works out what a given income supports.

Related pages

• Winnipeg housing market
• Manitoba rental market
• Saskatchewan housing market
• Regina housing market
• Ontario housing market