Winnipeg Housing Market: Home Prices and Sales | September 2026

The Winnipeg Regional Real Estate Board (WRREB) covers the City of Winnipeg and a market region around it that reaches Steinbach, Morden/Winkler, Gimli and Selkirk. Its monthly release reports averages for three kinds of home, splits each between the city and the surrounding region, and gives sales, active listings and dollar volume, but no MLS® HPI benchmark. The figures here are from the September 2026 release, published in October 2026. The Canadian housing market overview explains why an average can move when no home has changed in value.

Winnipeg home prices, September 2026

WRREB, September 2026. Changes are computed from the board’s figures for the same month a year earlier.

Inside city limits a detached house averaged $462,689 across 568 sales, against $452,003 in the towns and municipalities outside it, a gap of $10,686. The city’s detached average rose on the year while its condo average fell; WRREB said its residential detached average for September hit a record, and that year-to-date averages for both detached homes ($467,687) and condos ($288,751) were the highest on record. Dividing the board’s dollar volume by its 1,250 sales of every type gives an all-types average of $411,421, computed here rather than published by WRREB.

The busiest price band for detached houses was $300,000 to $399,999, with 199 sales or 23% of the total, and 25 detached homes sold for $1,000,000 or more. By neighbourhood, Waverley West had the most detached sales, ahead of Island Lakes, and River Heights the most condo sales, ahead of Osborne Village.

Sales and active listings

Sales were 10% lower than a year earlier and active listings 14% higher. Even so, the 3.4 months of inventory that leaves is below the 3.6 months CREA uses as the edge of a seller’s market. Detached houses in the city were tighter still: 1,071 listings for 568 sales, or 1.9 months. WRREB does not publish a monthly new-listings count, so a sales-to-new-listings ratio can’t be worked out for Winnipeg (what the two measures show).

Land transfer tax and property tax

Manitoba’s land transfer tax (all provinces) is charged in brackets, reaching 2.0% on the part of the price above $200,000. On a house at the City of Winnipeg detached average it comes to $6,904. The same purchase with the minimum $23,134 down (5% of the price) carries a mortgage insurance premium of $17,582, rolled into the loan.

Winnipeg property tax is charged on a “portioned” assessment, 45% of assessed value for a house or condo, at the city’s municipal rate of 13.372 mills plus a school rate that depends on the school division. Combined residential rates for 2026 include 25.223 mills in Pembina Trails, 29.366 in the Winnipeg School Division and 29.530 in Seven Oaks. On an assessment equal to the city’s detached average, that is about $5,252 a year in Pembina Trails, $6,114 in the Winnipeg division and $6,148 in Seven Oaks, before Manitoba’s Homeowners Affordability Tax Credit (up to $1,600 for 2026) for eligible homeowners.

Income needed against Winnipeg incomes

With minimum down, the City of Winnipeg’s average detached house needs a household income of about $106,900 and its average condo about $68,600 (method). The Winnipeg metro area’s median household income in the 2021 Census was $83,000 (2020 incomes): the detached figure is 29% above it and the condo figure 17% below it.

Related pages

• Buying a home in Winnipeg
• Winnipeg rental market
• Manitoba housing market
• Average income in Winnipeg
• Manitoba mortgage affordability calculator