What is the average home price in Manitoba?

The average home price in Manitoba was $373,802 in January 2026, down 4.7% from December 2025 but up 6.5% compared to January 2025.

Which cities in Manitoba have the most affordable housing?

Areas outside Winnipeg tend to have the most affordable housing. Winnipeg itself averaged $383,977 in January 2026. Apartments in Winnipeg ($275,515) represent the most affordable entry point in the capital.

Manitoba Housing Market Report 2026

Q: Is Manitoba a buyer's or seller's market?

Manitoba is in a balanced to seller's market as of January 2026, with approximately 4 months of supply based on Winnipeg data. Conditions lean slightly toward sellers.

Manitoba posted one of the strongest housing markets in Canada in January 2026, with the provincial average home price at $373,802 — up 6.5% year-over-year. Winnipeg, which drives the majority of provincial activity, averaged $383,977 with a 7.3% annual gain. With approximately 4 months of supply, the market leans toward sellers and prices continue to rise.

Key statistics (January 2026)

Metric	Value	Month-over-Month	Year-over-Year
Average Home Price	$373,802	-4.7%	+6.5%
Months of Supply	~4.0	N/A	N/A
Market Condition	Balanced to Seller’s	N/A	N/A

Average home prices by city

City	Average Price	YoY Change
Winnipeg	$383,977	+7.3%

Average home prices by property type (Winnipeg)

Property Type	Average Price	YoY Change
Detached	$431,079	+4%
Attached	$380,888	+7%
Apartment	$275,515	+10%

Market conditions

Manitoba leans toward a seller’s market as of January 2026, with approximately 4 months of supply based on Winnipeg data — sitting at the lower end of the 4–6 month balanced range. Winnipeg’s market is the most closely tracked in the province, with 3.9 months of supply indicating tight conditions.

All property types in Winnipeg are appreciating, with apartments leading at +10% year-over-year. This broad-based price growth across housing types suggests demand is strong at multiple price points, from entry-level condos to detached homes.

Regional analysis

Winnipeg dominates Manitoba’s housing market, accounting for the vast majority of provincial sales activity. At $383,977, Winnipeg’s average is slightly above the provincial figure, reflecting both higher prices in the capital and the presence of lower-priced communities elsewhere in the province.

Within Winnipeg, detached homes lead in absolute price at $431,079 (+4% YoY), but apartments have seen the strongest relative gains at +10% to $275,515. This suggests growing demand at the entry level, likely driven by first-time buyers and investors attracted to Winnipeg’s affordability relative to larger Canadian cities.

Attached homes (townhouses and semis) averaged $380,888, up 7% year-over-year, positioning them as a middle-ground option for families needing more space than a condo but priced out of detached homes.

Manitoba’s smaller cities and rural areas generally offer even more affordable options, though with limited data reporting compared to Winnipeg.

Key trends

Strong annual growth — Manitoba’s 6.5% year-over-year gain and Winnipeg’s 7.3% make the province one of the top performers nationally for price appreciation.
Apartments surging — Winnipeg apartments posted the strongest gains at +10%, reflecting entry-level demand and investor interest in an affordable market.
Tight supply — At roughly 4 months of supply, conditions favour sellers, supporting continued price increases.
Affordability advantage — Manitoba remains significantly more affordable than BC, Ontario, and Quebec, attracting interprovincial migrants and keeping local demand strong.
Broad-based gains — All property types in Winnipeg are posting positive year-over-year growth, indicating a healthy, balanced growth dynamic.

Housing affordability

Manitoba is one of Canada’s most affordable provinces, with an average home price of $373,802. To purchase a home at the provincial average with a 20% down payment, a household would need an estimated annual income of approximately $92,000.

In Winnipeg, detached homes at $431,079 require roughly $105,000, while apartments at $275,515 are accessible at approximately $72,000. These figures are well within reach for many Manitoba households, contributing to the province’s ongoing population growth.

Use our mortgage affordability calculator to determine how much home you can afford, or our income to afford home calculator to estimate the salary needed at Manitoba price levels.