How much house can you afford in Winnipeg?
Winnipeg’s average home price is $383,977 as of January 2026, up 7.3% year-over-year — among the stronger growth rates in Canada. With 3.9 months of supply, the market is balanced. Detached homes represent 69% of all sales, making Winnipeg one of the most detached-focused markets in the country.
Winnipeg affordability by property type
Real Winnipeg data — January 2026:
| Property Type | Avg Price | YoY | Down (20%) | Income Required |
|---|---|---|---|---|
| Condominium | $275,515 | +10.3% | $55,103 | $82,881 |
| Attached | $380,888 | +7.0% | $76,178 | $102,918 |
| All Types | $383,977 | +7.3% | $76,795 | $103,506 |
| Detached | $431,079 | +4.3% | $86,216 | $112,458 |
Income assumes 4.04% rate, 25-year amortization, 32% GDS, $354/mo tax, $175/mo heat (higher than national average due to Winnipeg winters).
Condos surging +10.3% — the fastest-growing segment, though still very affordable at $275K.
Most active detached price range: $300,000–$399,999 (22% of all detached transactions).
Winnipeg neighbourhood price ranges
| Neighbourhood | Price Range | Character |
|---|---|---|
| Exchange District | $150,000–$350,000 | Condos, downtown arts/culture |
| Wolseley/West Broadway | $250,000–$500,000 | Character homes, walkable |
| Transcona | $250,000–$400,000 | Affordable family, east side |
| North Kildonan | $300,000–$450,000 | Suburban family |
| St. Vital | $300,000–$500,000 | Popular family neighbourhood |
| River Heights/Crescentwood | $400,000–$700,000 | Established premium |
| Bridgwater | $400,000–$600,000 | New builds, south |
| Tuxedo/South Tuxedo | $500,000–$1M+ | Winnipeg’s premium area |
The range from Exchange District condos ($150K) to Tuxedo ($1M+) shows Winnipeg has options at every budget level.
Winnipeg’s incredible value vs major cities
| Factor | Winnipeg | Toronto | Vancouver |
|---|---|---|---|
| Average price | $383,977 | $1,008,968 | $1,206,180 |
| Detached avg | $431,079 | $1,325,654 | $2,122,572 (GVA) |
| Income needed (avg) | $103,506 | $213,376 | $230,944 |
| Income needed (det.) | $112,458 | $274,408 | $372,724 |
| LTT at avg | ~$4,980 | ~$31,000 | ~$20,006 |
A Winnipeg detached ($431K) costs less than a Toronto condo ($627K). The income needed for a Winnipeg detached ($112K) is less than a Toronto condo needs ($140K).
Manitoba land transfer tax
| Bracket | Rate |
|---|---|
| First $30,000 | 0% |
| $30,001–$90,000 | 0.5% |
| $90,001–$150,000 | 1.0% |
| $150,001–$200,000 | 1.5% |
| Over $200,000 | 2.0% |
| Home Price | MB LTT |
|---|---|
| $275,515 (condo avg) | ~$3,210 |
| $383,977 (avg) | ~$4,980 |
| $431,079 (detached avg) | ~$5,922 |
Winnipeg market conditions — January 2026
| Metric | Value |
|---|---|
| Average price | $383,977 (+7.3% YoY) |
| Total sales | 620 (-14.1% YoY) |
| Active listings | 2,416 (-7.0% YoY) |
| Detached listings | 927 (-14.0% YoY) |
| Condo listings | 353 (+17.0% YoY) |
| Months of supply | 3.9 |
| Market condition | Balanced |
Detached inventory is shrinking (-14%) while condo supply is growing (+17%). This may push detached prices even higher.
See the Winnipeg housing market report for the latest.
Tips for Winnipeg homebuyers
- Detached for less than a Toronto condo — $431K buys a full detached home
- Condo growth +10.3% — If considering condos, prices are rising fastest in this segment
- $300K–$400K sweet spot — 22% of all detached transactions fall in this range
- Budget for heating — $175+/mo heating costs are a real factor in Winnipeg’s winters
- Shrinking detached supply — -14% active listings means less selection and more competition ahead
- Compare mortgage rates — National lenders serve Winnipeg at competitive rates
Related calculators
- Winnipeg Mortgage Calculator — Estimate your monthly payment
- Manitoba Mortgage Rates — Compare current rates
- Winnipeg Housing Market — Latest prices and trends
- Manitoba Affordability — Provincial overview
- Edmonton Affordability — Compare with Edmonton