MLS® sales decrease while residential detached and condominium average prices rise to highest August level

Winnipeg, September 9, 2025 – August 2025 saw All MLS® sales of 1,402​ ​down 5% from August 2024 and down 3% from the 5-year average. Active MLS® listings of 3,624 were down 10% and total MLS® dollar volume of over $561 million up 3% from August 2024. Residential detached MLS® sales of 970 were down 5% while the average price of $450,596 was up 8% when compared to August 2024. Condominium MLS® sales of 204 were down 3% and the average price of $280,143 was up 4% from August 2024. 

“Every month in 2025 including August, has set a new residential detached average price record for that month,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Condominium average prices have followed a similar trend with six of eight months setting a new average price record. For the first month in 2025, August All MLS® and residential detached home sales decreased when compared to 2024.”

From a year-to-date perspective, All MLS® sales of 10,773 were up 5%, total MLS® listings of 16,635 down 1% while total dollar volume of over $4.3B up 12% over 2024. Year-to-date residential detached MLS® sales of 7,367 were up 5% and the average price of $456,726 was up 8% when compared to last August. Condominium MLS® sales of 1,571 were up 2% and the average price of $281,261 was up 2% above August 2024.

“In a residential real estate market seeing unprecedented demand with limited inventory, using a REALTOR® has never been more important to support you every step of the way," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you are looking to buy or sell, REALTORS® provide invaluable advice, strategy and data-backed expertise on current market conditions to ensure your interests are always at the forefront. With access to a network of professionals, leading edge marketing and MLS® technology and experience in negotiations, using a REALTOR® can create peace of mind as you consider a purchase or sale in a fast-moving market." 

MLS® sales decrease while residential detached and condominium average prices rise to highest August level

Winnipeg, September 9, 2025 – All MLS® sales decreased compared to August 2024 and the 5-year-average while total dollar volume rose above August 2024 and the 5-year average. MLS® sales for residential detached homes and condominiums fell below August 2024 while only condominiums rose above the 5-year average. Average prices and dollar volume for residential detached homes and condominiums increased over August 2024 and the 5-year average. All MLS®, residential detached and condominium listings were down from August 2024 and the 5-year average. 

• For August, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Garden City/Amber Trails. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• For August, the most active price range was $300,000-$399,999 which saw 243 MLS® sales, representing 25% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 214 MLS® sales representing 22% of all residential detached MLS® sales in August.

• There were 13 residential detached homes sold at or above $1 million in August, with the highest priced at over $1.75 million. August 2024 had 12 residential detached homes sold at or above $1 million with the highest at $1.7 million. 

• For August, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Waverley West had the second most. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in August followed by the Steinbach area.

• The most active price range for condominiums was the $200,000-$299,999 range with 66 MLS® sales which represents 32% of all condominium MLS® sales in August. The $100,000-$199,999 range was the second most active with 59 MLS® sales in August, representing 29% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

MLS® sales and average price gains in July outpace market performance in recent years

Winnipeg, August 7, 2025 – July 2025 saw All MLS®  sales of 1,620 up 9% over July 2024 and up 6% over the 5-year average. Active MLS® listings of 3,678 were down 12% and total MLS® dollar volume of over $646 million up 12% from July 2024. Residential detached MLS® sales of 1,131 were up 9% while the average price of $443,635 was up 2% when compared to July 2024. Condominium MLS® sales of 238 were up 12% and the average price of $284,845 was statistically even with last July. 

“July's average prices for residential detached homes and condominiums continued the trend of highest monthly average prices on record," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales continued the trend of increases over last year, but July's performance also rose above the 5-year average. All MLS® total dollar volume was the highest July figure on record while All MLS® sales were the third highest July on record."

From a year-to-date perspective, All MLS® sales of 9,374 were up 7%, total MLS® listings of 14,567 down 1% while total dollar volume of over $3.7B up 13% over 2024. Year-to-date residential detached MLS® sales of 6,399 were up 6% and the average price of $457,667 was up 8% when compared to last July. Condominium MLS® sales of 1,367 were up 3% and the average price of $281,427 was up 1% above July 2024.​

​“While May is typically the time when cottage owners begin warm weather preparations on their properties, it ​is August when we see the most Lake Country MLS® sales activity,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “When looking to buy in Lake Country, there are many things to consider, like location, property access, distance to amenities, access to water, wastewater removal, winterization and rural municipal services, to name a few. REALTORS® have the expertise, data, technology, and a network of professionals to help ensure a smooth transaction whether you’re looking to purchase or sell in Lake Country.”  

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba - East Side, Lake Winnipeg - East Side, Lake Winnipeg - West Side and Winnipeg River. A description of the areas are as follows:

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in t​he towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookfield South (R18) and Poplar Bay (R28).

First-half 2025 MLS® sales were at or above last year in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Winnipeg River but down on Lake Winnipeg – East Side. All areas were below the 5-year average except for Lake Winnipeg – West Side.

First-half 2025 MLS® listings were also up over last year in Lac du Bonnet, Lake Manitoba – East Side and Lake Winnipeg – West Side but down on Lake Winnipeg - East Side and Winnipeg River. MLS® listings were up over the 5-year average in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Lake Winnipeg – East Side but down in Winnipeg River.

Average prices increased in the first half for all areas but Winnipeg River when compared to the first half of last year and the 5-year average.

“When looking at the statistics from the individual Lake Country areas, it is clear that each area has its own real estate market dynamics," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “While average prices were up in almost all areas, the performance of listings and MLS® sales varied depending on the areas of focus. The variation seen in these local markets show why a licensed, professional REALTOR® can be invaluable whether you're looking to buy or sell in Lake Country!"

MLS® sales and average price gains in July outpace market performance in recent years​

Winnipeg, August 7, 2025 – All MLS® sales and dollar volume in July 2025 increased compared to July 2024 and the 5-year-average. Residential detached homes and condominiums saw increases to MLS® sales, dollar volume and average prices over July 2024 and the 5-year average. All MLS® listings were down from July 2024 and the 5-year average. Similarly, residential detached homes saw decreased listings from July 2024 and the 5-year average while condominium listings were up from 2024 and even with the 5-year average.

• For July, River Heights was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Charleswood. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold followed by the Steinbach area.

• For July, the most active price range was $400,000-$499,999 which saw 268 MLS® sales, representing 24% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 249 MLS® sales representing 22% of all residential detached MLS® sales in July.

• There were 20 residential detached homes sold at or above $1 million in July, with the highest priced at nearly $3 million. July 2024 had 19 residential detached homes sold at or above $1 million with the highest at over $4.2 million. 

• For July, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Linden Woods had the second most. Outside Winnipeg, the Steinbach area had the most MLS® sales in July followed by the Niverville/Ritchot area.

• The most active price range for condominiums was the $100,000-$199,999 range with 79 MLS® sales which represents 33% of all condominium MLS® sales in July. The $200,000-$299,999 range was the second most active with 71 MLS® sales in July, representing 30% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Rising average prices in June bookend a theme for the first half of 2025

Winnipeg, July 8, 2025 – The real estate market performance in June saw All MLS® sales of 1,671 up 6% over June 2024 and 3% below the 5-year average. Active MLS® listings of 3,716 were down 10% and total MLS® dollar volume of over $707 million up 14% from June 2024. Residential detached MLS® sales of 1,211 were up 8% while the average price of $473,131 was up 8% when compared to June 2024. Condominium MLS® sales of 227 were up 10% and the average price of $291,647 up 7% over last June. 

“No other June in our history has recorded higher residential detached and condominium average prices than June 2025," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Average prices for residential detached homes and condominiums in the first half of 2025 were above last year and the 5-year average. There were 48% more residential detached homes sold at or above $1 million in June 2025 than in June 2024. For the fourth consecutive month in 2025, most residential detached homes were sold above list price."

From a year-to-date perspective, All MLS® sales of 7,760 were up 7%, total MLS® listings of 12,301 were down 1% while total dollar volume of over $3.1B was up 14% over 2024. Year-to-date residential detached MLS® sales of 5,274 were up 6% and the average price of $460,790 was up 9% when compared to last June. Condominium MLS® sales of 1,129 and the average price of $280,707 were both 1% above June 2024.

Rising average prices in June bookend a theme for the first half of 2025

Winnipeg, July 8, 2025 – All MLS® sales and dollar ​volume in June 2025 increased compared to June 2024 and only dollar volume rose above the 5-year-average. Residential detached homes and condominiums saw increases to MLS® sales, dollar volume and average prices over June 2024 while only dollar volume and average prices rose above the 5-year average. Total All MLS®, residential detached and condominium sales and dollar volumes in the first half of 2025 were above last year while only the dollar volumes rose above the 5-year average. First half average prices for residential detached homes and condominiums were above last year and the 5-year average.

• For June, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in River Park South. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Gimli area.

• For the first half of 2025, Waverley West saw the most residential detached homes sold in Winnipeg, followed by East Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• For June, the most active price range was $400,000-$499,999 which saw 295 MLS® sales, representing 24% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 251 MLS® sales representing 21% of all residential detached MLS® sales in June.

• Of the areas in Winnipeg with at least 10 MLS® sales in June, Silver Heights experienced the highest year-over-year residential detached average price increase, moving up 33% to $475,166 from $355,968 in June 2024. Outside Winnipeg, the La Salle area experienced the highest residential detached average price increase of 45%, moving up to $755,200 from $521,250 in June 2024.

• There were 31 residential detached homes sold at or above $1 million in June, with the highest priced at over $2.3 million. June 2024 had 21 residential detached homes sold at or above $1 million with the highest at over $1.7 million. 

• For June, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales with a tie for second most between Waverley West and Crestview. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in June followed by the La Salle and Morris areas.

• For the first half of 2025, Osborne Village saw the most condominiums sold in Winnipeg followed by Downtown. Outside Winnipeg, the Morden/Winkler area led the way followed by the Niverville/Ritchot area.

• The most active price range for condominiums was the $200,000-$299,999 range with 76 MLS® sales which represents 33% of all condominium MLS® sales in June. The $100,000-$199,999 range was the second most active with 59 MLS® sales in June, representing 26% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Residential detached and condominium average prices rise to record levels in May

Winnipeg, June 6, 2025 – The real estate market performance in May saw All MLS® sales of 1,789 up 4% over May 2024 and 3% above the 5-year average. Active MLS® listings of 3,650 were down 11% and total MLS® dollar volume of over $737 million up 12% from May 2024. Residential detached MLS® sales of 1,259 were up 6% while the average price of $459,320 was up 8% when compared to May 2024. Condominium MLS® sales of 232 were down 16% and the average price of $297,864 up 7% over last May. 

“May 2025 recorded the highest monthly condominium average price ever recorded in our market region," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “This was the best May on record for All MLS® total dollar volume and also residential detached average prices and dollar volume. From a year-to-date perspective, residential detached and condominium average prices were the highest on record through the first five months of a year."

From a year-to-date perspective, All MLS® sales of 6,094 were up 7%, total MLS® listings of 9,945 were down 1% while total dollar volume of over $2.4B was up 14% over 2024. Year-to-date residential detached MLS® sales of 4,067 were up 6% and the average price of $456,972 was up 9% when compared to last May. Condominium MLS® sales of 902 and the average price of $277,954 were both statistically even with May 2024.

“In a fast-moving real estate market, it's essential to have a plan and working with a knowledgeable REALTOR® can prove invaluable for buyers and sellers," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you are buying or selling, knowledge is power, and a REALTOR® will build a personalized strategy catered to you. With access to the latest MLS® market data, a REALTOR® will have your best interests in mind to help you get the best possible price in a purchase or sale."

Residential detached and condominium average prices rise to record levels in May

Winnipeg, June 6, 2025 – All MLS® sales and dollar volume in May 2025 increased compared to May 2024 and the 5-year-average. All MLS® active listings were down from May 2024 but up from the 5-year average. Residential detached homes saw increases to MLS® sales, dollar volume and average prices over May 2024 and the 5-year average. Condominiums, on the other hand, saw decreases to MLS® sales and dollar volume but an increase to average prices from May 2024 and the 5-year average. ​

• For May, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in East Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.

• The most active price range was $400,000-$499,999 which saw 315 MLS® sales, representing 25% of all residential detached MLS® sales in May. The $300,000-$399,999 price range was the second most active with 271 MLS® sales representing 22% of all residential detached MLS® sales in May.

• There were 23 residential detached homes sold over $1 million in May, with the highest priced at over $3 million. May 2024 had 18 residential detached homes sold over $1 million with the highest price at over $3.5 million. 

• For May, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Fort Richmond. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in May followed by the La Salle area.

• The most active price range for condominiums was the $200,000-$299,999 range with 80 MLS® sales which represents 35% of all condominium MLS® sales in May. The $300,000-$399,999 range was the second most active with 52 MLS® sales in May, representing 22% of all condominium MLS® sales.

• There was one condominium sold over $1 million in May, coming in at just over $1.5 million.

Source: Winnipeg Regional Real Estate Board.

Spring real estate market begins with growth in April

Winnipeg, May 7, 2025​ – April’s real estate market performance saw All MLS® sales of 1,523 up 8% over April 2024 and 1% above the 5-year average. Active MLS® listings of 3,339 were down 13% from last April and total MLS® dollar volume of over $623 million up 12% from April 2024. Residential detached MLS® sales of 1,043 were up 7% while the average price of $465,402 was up 7% when compared to April 2024. Condominium MLS® sales of 206 were down 4% and the average price of $274,483 down 4% over last April. 

“April 2025 represents the second-best April on record in terms of All MLS® sales and total dollar volume, behind only 2021," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “The year-to-date real estate market performance through April 2025 represents the third highest totals for All MLS® sales and total dollar volume. April 2025 has recorded the second highest residential detached average price, falling just short of the record set in March 2025."

From a year-to-date perspective, All MLS® sales of 4,313 were up 8%, total MLS® listings of 7,347 were down 2% while total dollar volume of over $1.7B was up 15% over 2024. Year-to-date residential detached MLS® sales of 2,813 were up 6% and the average price of $457,125 was up 9% when compared to last April. Condominium MLS® sales of 670 were up 6% and the average price of $271,059 was down 2% over last April. 

“Spring brings new beginnings — and in real estate, it's a season full of possibility," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you're searching for your next home or preparing to say goodbye to one filled with memories, a REALTOR® offers both expert guidance and genuine support. They bring trusted market knowledge and a steady hand to help you navigate one of life's biggest decisions with confidence and care."

Winnipeg, May 7, 2025 – For April 2025, All MLS® sales and dollar volume were up when compared to last April and the 5-year average. All MLS® active listings were down from April 2024 but up from the 5-year average. Residential detached homes saw increases to MLS® sales, dollar volume and average prices over April 2024. Condominiums, on the other hand, saw decreases to MLS® sales, dollar volume and average prices.

• For April, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Charleswood. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.

• There were 23 residential detached homes sold over $1 million in April, with the highest priced at $4 million. April 2024 had 18 residential detached homes sold over $1 million with the ​highest price at just over $2 million​

• For April, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Waverley West. Outside Winnipeg, the Steinbach area had the most MLS® sales in April followed by the Morden/Winkler area.

• The most active price range for condominiums was the $175,000-$199,999 range with 26 MLS® sales which represents 13% of all condominium MLS® sales in April. The $225,000-$249,999 range was the second most active with 22 MLS® sales in April, representing 11% of all condominium MLS® sales.​

Source: Winnipeg Regional Real Estate Board.

Strong MLS® sales in the first quarter of 2025 while March sets new average price record

Winnipeg, April 8, 2025 – March saw All MLS® sales of 1,189 up 6% over March 2024 and 11% below the 5-year average. Active MLS® listings of 3,096 were down 9% from last March and total MLS® dollar volume of over $479 million up 14% from March 2024. Residential detached MLS® sales of 776 were up 4% while the average price of $470,399 was up 12% when compared to March 2024. Condominium MLS® sales of 199 were up 6% and the average price of $277,068 up 1% over last March. ​

“After last month set the highest residential detached average price ever, March 2025 has now surpassed it," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “March represents the ninth consecutive month with All MLS® sales increases over the previous year. First quarter 2025 totals for MLS® sales and dollar volume rank as the third best first quarter results on record."

From a year-to-date perspective, All MLS® sales for the first quarter in 2025 of 2,791 were up 9%, total MLS® listings of 5,030 were statistically even while dollar volume of approximately $1.1B was up 16% over 2024. Year-to-date residential detached MLS® sales of 1,770 were up 5% and the average price of $452,248 was up 11% when compared to last March. Condominium MLS® sales of 465 were up 12% and the average price of $269,695 was down 1% over last March. 

​“With a federal election on the horizon, housing continues to be among the most important topics on the minds of Canadian voters," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “On behalf of REALTORS® across Canada, the Canadian Real Estate Association (CREA) is collaborating with The Canadian Alliance to End Homelessness (CAEH), Habitat for Humanity Canada, and the Canadian Housing & Renewal Association (CHRA), to advocate on measures to protect Canadians and build a resilient housing system through measures like bolstering supply chains, recruiting skilled workers, reforming government taxes, streamlining processes, and accelerating investments into innovative technologies. As always, REALTORS® will continue to bring data, expertise and practical recommendations to the national conversations aimed at solving the housing crisis."

Strong MLS® sales in the first quarter of 2025 while March sets new average price record

Winnipeg, April 8, 2025 – For March 2025, All MLS® sales and dollar volume were up when compared to last March but below the 5-year average. All MLS® active listings were down from March 2024 but up from the 5-year average. Residential detached homes, and condominiums saw increases to MLS® sales, dollar volume and average prices over March 2024. First quarter 2025 All MLS® sales and dollar volume was above first quarter 2024 totals with MLS® sales falling below the 5-year average and dollar volume rising above. First quarter 2025 residential detached homes saw increases to MLS® sales, dollar volume and average prices when compared to first quarter 2024 while only MLS® sales fell below the 5-year average. First quarter 2025 condominiums saw increases over last year to MLS® sales and dollar volume while average prices fell below.

• For March and for the first quarter of 2025, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in East 

• ​Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.

• The most active price range was $600,000-$699,999 which saw 80 MLS® sales, representing 10% of all residential detached MLS® sales in March. The $550,000-$599,999 price range was the second most active with 69 MLS® sales representing 9% of all residential detached MLS® sales in March.

• There were 13 residential detached homes sold at or above $1 million in March, with the highest priced at $2 million. March 2024 had 4 residential detached homes sold at or above $1 million with highest price at just over $1.2 million.

• The first quarter of 2025 has recorded 37 residential detached homes sold at or above $1 million, this contrasts with the 18 residential detached homes sold through the first quarter of 2024.

• For March, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie for the second most in Downtown, Waverley West and Richmond West. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in March followed by a tie for second most between the Niverville and Selkirk areas.

• For the first quarter of 2025, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Downtown. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in the first quarter of 2025, followed by the Niverville area.

• The most active price range for condominiums was the $150,000-$174,999 range with 27 MLS® sales which represents 14% of all condominium MLS® sales in March. The $225,000-$249,999 range was the second most active with 22 MLS® sales in March, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Residential detached homes in February reach highest monthly average price on record

Winnipeg, March 7, 2025 – February saw All MLS® sales of 885 up 11% over February 2024, and 2% below the 5-year average. Active MLS® listings of 2,787 were down 15% from last February and total MLS® dollar volume of over $348 million up 27% from February 2024. Residential detached MLS® sales of 550 were up 11% while the average price of $458,064 was up 14% when compared to February 2024. Condominium MLS® sales of 156 were up 19% and the average price of $274,036 up 2% over last February. ​

"February 2025 is now the single month with the highest residential detached average price ever recorded, surpassing the previous record of May 2022 by just over $3,000," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “February represents the seventh consecutive month in which the All MLS® sales total was that month's third best result on record and the eighth consecutive month with All MLS® sales increases over the previous year."​

“Despite recent increases to average prices, the Winnipeg Regional Real Estate Board's market region continues to be one of the most affordable real estate markets in Canada and that's good news for those looking to realize the dream of homeownership," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® are your go-to source for the most up-to-date market statistics, trends and market conditions in each MLS® area. Whether you need advice on buying a new property, insights into the current market, or ideas on how to renovate your current home to get the best price in a sale, REALTORS® are there to help you get through the process." 

Residential detached homes in February reach highest monthly average price on record

Winnipeg, March 7, 2025 – February 2025's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last February with All MLS® sales falling below the 5-year average. All MLS® active listings were down from February 2024 but up from the 5-year average. Residential detached, condominium, and residential attached homes saw double digit increases to MLS® sales over 2024​ while only residential detached homes fell below the 5-year average. All three of these property types saw increases to dollar volumes and average prices over last year and the 5-year average. 

• For February, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in St. James. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.

• The most active price range was $600,000-$699,999 which saw 69 MLS® sales, representing 13% of all residential detached MLS® sales in February. The $350,000-$374,999 price range was the second most active with 46 MLS® sales representing 8% of all residential detached MLS® sales in February.

• There were 16 residential detached homes sold over $1 million in February, with the highest priced at almost $3 million. February 2024 had 8 residential detached homes over $1 million. 

• For February, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie for the second most in Downtown and Waverley West.

• The most active price range for condominiums was the $175,000-$199,999 range with 20 MLS® sales which represents 13% of all condominium MLS® sales in February. The $200,000-$224,999 was the second most active with 14 MLS® sales in February, representing 9% of all condominium MLS® sales.

• There was 1 condominium sold in February for over $2.2 million.

Source: Winnipeg Regional Real Estate Board.

Monthly trend of increased MLS® sales over the previous year continues in 2025

Winnipeg, February 7, 2025 – January saw All MLS®  sales of 722 up 10% over January 2024, and 1% above the 5-year average. Active MLS® listings of 2,597 were down 14% from last January and total MLS® dollar volume of over $258 million up 9% from January 2024. Residential detached MLS® sales of 447 were up 1% while the average price of $413,247 was up 4% when compared to January 2024. Condominium MLS® sales of 111 were up 12% and the average price of $249,793 down 10% over last January. ​

"January is the seventh consecutive month with All MLS® sales increases over the previous year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Going back to August of 2024, January also represents the sixth consecutive month in which the All MLS® sales total was that month's third best result on record. The All MLS® total dollar volume was the second-best January in our history, behind the best result which occurred in 2021."

“On February 20, 2025, the Winnipeg Regional Real Estate Board will host its annual Market Insights event virtually which will provide analysis on the economy and housing at the national level, as well as a look at the performance of residential and commercial real estate in our market region," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. In addition to Jeremy Davis from the Winnipeg Regional Real Estate Board, we are excited to welcome keynote speaker Derek Holt, Vice President and Head of Capital Markets Economics with Scotiabank, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, and Sean Kliewer, Senior Vice President with Colliers International, for insights into economic trends, real estate results, and forecasts for 2025. For more information on the 2025 Market Insights event, please visit: https://www.winnipegregionalrealestateboard.ca/community/market-insights"​

Monthly trend of increased MLS® sales over the previous year continues in 2025

Winnipeg, February 7, 2025 – January 2024's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last January and the 5-year average. All MLS® active listings were down from January 2024 but up from the 5-year average. Residential detached, condominium, and residential attached homes saw increases to MLS® sales over 2024 while only residential detached homes fell below the 5-year average. Dollar volumes were up over last year for residential detached and attached homes while condominiums were statistically even but all three rose above the 5-year average. Average prices for residential detached homes were above last year and the 5-year average while condominiums and residential attached homes were below last year but above the 5-year average.​

• For January, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with a tie for the second most MLS® sales in Windsor Park and West Kildonan. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was the Niverville/Ritchot area.

• The $375,000-$399,999 price range was the most active with 34 MLS® sales representing 8% of all residential detached MLS® sales in January. The second most active price range was $600,000-$699,999 which saw 33 MLS® sales, representing 7% of all residential detached MLS® sales in January.

• There were 8 residential detached homes sold over $1 million in January, with the highest priced at over $1.7 million. January 2024 had 7 residential detached homes over $1 million.

• For January, River Heights was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Osborne Village.

• The most active price range for condominiums was the $150,000-$174,999 range with 19 MLS® sales which represents 17% of all condominium MLS® sales in January. The $225,000-$249,999 was the second most active with 12 MLS® sales in January, representing 11% of all condominium MLS® sales.​

Source: Winnipeg Regional Real Estate Board.

Year-end surge in December MLS® sales leads to second consecutive record month ​​

Winnipeg, January 9, 2025 – To close out 2024, December saw All MLS® sales of 742 up 19% over December 2023, and 3% lower than the 5-year averag​e. Active MLS® listings of 2,393 were down 19% from last December and total MLS® dollar volume of over $272 million up 22% from December 2023. Residential detached MLS® sales of 468 were up 15% while the average price of $423,908 was up 4% when compared to December 2023. Condominium MLS® sales of 120 were up 18% and the average price of $272,728 up 1% over last December.

"Similar to November, total December MLS® sales for all property types represented the third best December result on record," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “December represents the eighth month in 2024, and third consecutive month, when there were double digit increases for total All MLS® sales for all property types. December MLS® sales, average prices and dollar volume for the main three property types were higher than last year while all but residential detached MLS® sales were higher than the 5-year average."

Year-to-date All MLS® sales of 14,597 were up 13%, total MLS® listings of 22,858 were up 2% while dollar volume of over $5.5B was up 20% over 2023. Year-to-date residential detached MLS® sales of 9,987 were up 11% and the average price of $423,878 was up 6% when compared to last December. Condominium MLS® sales of 2,194 were up 13% and the average price of $274,201 was up 6% over last December. Year-to-date residential attached MLS® sales of 1,039 were up 21% and the average price of $365,965 was up 10% over last year.

“The start of a new year is an exciting time when many people are looking for new beginnings and a fresh start," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Fortunately, REALTORS® specialize in creating fresh starts and have the tools and expertise at their disposal to not only assist buyers and sellers in getting the best price but also to help provide professional advice at every step in the process. For anyone looking for a fresh start in a new home in 2025, I encourage you to pick up this week's issue of the Winnipeg Regional Real Estate News to view listings, open houses and to find a REALTOR®."

Year-end surge in December MLS® sales leads to second consecutive record month

Winnipeg, January 9, 2025 – December 2024's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last December and the 5-year average. All MLS® active listings were down from December 2023 but even with the 5-year average. Apart from the 5-year average for residential detached MLS® sales, all three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume, and average prices.

• For December, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold while the second most was tied between the areas of Steinbach and West St. Paul.

• There were 6 residential detached homes sold at or above $1 million in December, with the highest price at almost $2 million. December 2023 also had 6 residential detached homes sold at or above $1 million.

• The $600,000-$699,999 price range was the most active with 48 MLS® sales representing 10% of all residential detached MLS® sales in December. The second most active price range was $400,000-$424,999 which saw 34 MLS® sales, representing 7% of all residential detached MLS® sales in December.

• For December, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Downtown.

• The most active price range for condominiums was the $200,000-$224,999 range with 17 MLS® sales which represents 14% of all condominium MLS® sales in December. The $225,000-$249,999 was the second most active with 13 MLS® sales in December, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Late 2024 real estate market heats up with third best
November MLS® sales on record​

Winnipeg, December 10, 2024 – November saw All MLS® sales of 1,045 up 24% over November 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,321 were down 12% from ​last November and total MLS® dollar volume of over $397 million up 40% from November 2023. Residential detached MLS® sales of 678 were up 20% while the average price of $433,968 was up 16% when compared to November 2023. Condominium MLS® sales of 153 were up 28% and the average price of $255,997 up 4% over last November.​

"For the first time in 2024, MLS® sales for the main three property types saw increases of at least 20% over 2023,” said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “November represents the seventh month in 2024, and second consecutive month, when there were double digit increases for total All MLS® sales for all property types. Average prices for the main three property types were higher than last year and the 5-year average. On a year-to-date basis, total MLS® sales, listings and dollar volume were all higher than last year and the 5-year average.”

Year-to-date All MLS® sales of 13,859 were up 12%, total MLS® listings of 22,054 were up 2% while dollar volume of over $5.2B was up 20% over 2023. Year-to-date residential detached MLS® sales of of 9,520 were up 11% and the average price of $423,969 was up 6% when compared to last November. Condominium MLS® sales of 2,075 were up 13% and the average price of $274,270 was up 6% over last November. Year-to-date residential attached MLS® sales of 970 were up 19% and the average price of $364,776 was up 9% over last year.

“While there are many important holidays which involve gatherings of friends and family, there is only one time of year when people say they’re ‘home for the holidays’,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This is a time when the true value of a home comes into focus and forms the backdrop for great times shared and lifelong memories. If you’re looking for a home this holiday season, remember that REALTORS® will help you find a home that will help you write your next chapter so you can create those festive memories we all hold dear. Happy holidays!”​​

Late 2024 real estate market heats up with third best
November MLS® sales on record​

Winnipeg, December 10, 2024 – November’s real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last November and the 5-year average. All MLS® active listings were down from November 2023 but higher than the 5-year average. With the exception of the 5-year average for residential detached MLS® sales, all three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume and average prices.

• For November, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was tied between the areas of Morden/Winkler and Gimli.

• There were 14 residential detached homes sold at or above $1 million in November, with the highest price at just over $3.5 million. November 2023 had 5 residential detached homes sold at or above $1 million.

• The $375,000-$399,999 price range was the most active with 53 MLS® sales representing 8% of all residential detached MLS® sales in November. The second most active price range was $350,000-$374,999 which saw 50 MLS® sales, representing 7% of all residential detached MLS® sales in November.​

• For November, Downtown was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie between Osborne Village and West Fort Garry for 2nd most MLS® sakes.

• The most active price range for condominiums was the $200,000-$224,999 range with 20 MLS® sales which represents 13% of all condominium MLS® sales in November. The $150,000-$174,999 was the second most active with 16 sales each in November, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Solid October real estate market results through ten months of 2024

Winnipeg, November 7, 2024 – October saw All MLS® sales of 1,337 up 7% over September, up 19% over October 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,624 were down 10% and total MLS® dollar volume of over $508 million up 28% over October 2023. Residential detached MLS® sales of 927 were up 19% while the average price of $427,237 was up 7% when compared to October 2023. Condominium MLS® sales of 212 were up 24% and the average price of $265,083 up 2% over last October.

"October marks the third month in 2024 when MLS® sales across the three main property types were at or above 2023 and the 5-year average, and the fourth consecutive month with MLS® sales increases over 2023 and 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “October MLS® sales across the main three property types all saw double digit increases over October 2023 with residential detached homes up 19%, residential attached homes up 27%, and condominiums up 24%, resulting in the second-best October on record for condominium MLS® sales. On a year-to-date basis, total MLS® sales through to the end of October are the fourth highest on record."

Year-to-date All MLS® sales of 12,822 were up 12%, total MLS® listings of 20,692 were up 2% while dollar volume of over $4.8B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 8,848 were up 10% and the average price of $423,217 was up 6% when compared to last October. Condominium MLS® sales of 1,923 were up 11% and the average price of $275,777 was up 6% over last October. Year-to-date residential attached MLS® sales of 885 were up 18% and the average price of $365,218 was up 10% over last year.

“Recently in October, REALTOR® Members and staff from the Winnipeg Regional Real Estate Board joined REALTORS®, real estate boards, and associations from across Canada for the Canadian Real Estate Associations' Political Action Committee (PAC) Days Conference in Ottawa to advocate on the current housing crisis," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This year's advocacy to the federal government included recommendations on embracing offsite construction technologies, creating a national housing secretariat, and extending HST/GST relief to non-profit affordable housing providers like Habitat for Humanity. As we navigate the challenges and opportunities in today's housing market, the Winnipeg Regional Real Estate Board along with its partner organizations, will continue to contribute meaningful recommendations to address the housing crisis and support the needs of our communities."

Solid October real estate market results through ten months of 2024​

Winnipeg, November 7, 2024 – The real estate market results for October 2024 saw increases to All MLS® sales, and dollar volume when compared to last month and October 2023. All MLS® active listings were down from October 2023 but higher than the 5-year average. All three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume and average prices. 

• For October, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Polo Park recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• There were 17 residential detached homes sold at or above $1 million in October, with the highest price at just over $2.3 million. October 2023 had 8 residential detached homes sold at or above $1 million.

• The $600,000-$699,999 price range was the most active with 90 MLS® sales representing 10% of all residential detached MLS® sales in October. The second most active price range was $375,000-$399,999 which saw 71 MLS® sales, representing 8% of all residential detached MLS® sales in October.​

• For October, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Waverley West.

• This month, the R35 - Morden/Winkler area recorded the highest number of condominium MLS® sales of any MLS® areas with 19.

• The most active price range for condominiums was the $150,000 - $174,999 range with 26 MLS® sales which represents 12% of all condominium MLS® sales in October. The $225,000-$249,999 was the second most active with 25 sales each in October, representing 11.8% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

September 2024 outpaces the last two years, with year-to-date totals surpassing 2023​

Winnipeg, October 8, 2024 – September saw All MLS® sales of 1,251 up 7% over last year, active MLS® listings of 4,036 down 4% and total MLS® dollar volume of over $467 million up 15%. Residential detached MLS® sales of 884 were up 9% while the average price of $410,004 was up 3% when compared to last September. Condominium MLS® sales of 174 were up 3% and the average price of $277,334 ​up 2% over last September. ​

"The upward trend in MLS® sales, dollar volume, and average prices in 2024 continued across the three primary property types: residential detached, residential attached and condominiums. This month, these gains also exceeded those of September 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Year-to-date totals for 2024 showed increases in listings, MLS® sales, dollar volume, and average prices compared to 2023. Condominiums had a particularly strong performance, being the only property type to exceed the 5-year average for MLS® sales through the first three quarters. Additionally, September marked the fifth condominium MLS® sale of 2024 at or above $1 million."

Year-to-date All MLS® sales of 11,495 were up 11%, total MLS® listings of 18,870 were up 3% while dollar volume of almost $4.4B was up 17% over 2023. Year-to-date residential detached MLS® sales of of 7,927 were up 9% and the average price of $422,589 was up 5% when compared to last September. Condominium MLS® sales of 1,714 were up 10% and the average price of $277,196 was up 7% over last September. Year-to-date residential attached MLS® sales of 795 were up 17% and the average price of $363,622 was up 8% over last year.

​September 2024 outpaces the last two years, with year-to-date totals surpassing 2023

Winnipeg, October 8, 2024 – The real estate market results for September 2024 saw increases to All MLS® sales, and dollar volume when compared to last year and September 2022. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices but only condominiums saw an increase in active listings over last year. Three-quarter totals for 2024 saw increases to the number listings, MLS® sales, dollar volume and average prices over the three-quarter totals for 2023.​

• For September and through three quarters of 2024, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• While three quarter totals for residential detached MLS® sales in Winnipeg are 8% higher than in 2023, notably, many MLS® areas outside Winnipeg have seen double digit increases including the areas of Steinbach, Morden/Winkler, Gimli, and Niverville/Ritchot.

• There were 9 residential detached homes sold at or above $1 million in September, with the highest price at just over $3 million. September 2023 had 10 residential detached homes sold for over $1 million. Three quarter totals for 2024 show 114 residential detached homes sold at or above $1 million which contrasts with the 76 sold through three quarters of 2023.

• The $325,000 - $349,999 price range was the most active with 65 MLS® sales representing 7.4% of all residential detached MLS® sales in September. The second most active price range was $550,000-$599,999 which saw 64 MLS® sales, representing 7.2% of all residential detached MLS® sales in September.

• Osborne Village was the neighbourhood in September which saw the most MLS® condominium sales followed by Waverley West.

• Through three quarters of 2024, Osborne Village also saw the most MLS® sales followed by Linden Woods.

• September saw 2024’s 5th condominium sold at or above $1 million, higher that the 2 sold through September 2023 and also higher than the 3 sold in all of 2023.

• The most active price range for condominiums was the $250,000 - $274,999 range with 25 MLS® sales in September which represents 14% of all condominium MLS® sales. The $200,000 - $224,999 was the second most active price range with 22 sales in September, representing 13% of all condominium MLS® sales.​

Source: Winnipeg Regional Real Estate Board.

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – August saw All MLS® sales of 1,483 up 7% over last year, active MLS® listings of 4,015 down 5% and total MLS® dollar volume of $549 million up 9%. Residential detached MLS® sales of 1,030 were up 2% while the average price of $415,717 was up 4% when compared to last August. Condominium MLS® sales of 210 were up 8% and the average price of $270,575 down 3% over last August.

"For the seventh time in eight months of 2024, MLS® sales across the three main property types of residential detached, condominiums, and residential attached homes increased over last year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “On a year-to-date basis, MLS® sales for the main three property types are also up over last year. Condominium MLS® sales were the lone property type to rise above the 5-year average both in August and on a year-to-date basis, signaling steady demand in the condominium market."

Year-to-date All MLS® sales of 10,250 were up 11%, total MLS® listings of 16,785 were up 3% while dollar volume of $3.9B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 7,046 were up 9% and the average price of $424,164 was up 6% when compared to last August. Condominium MLS® sales of 1,542 were up 11% and the average price of $277,155 was up 7% over last August. Year-to-date residential attached MLS® sales of 716 were up 17% and the average price of $363,940 was up 9% over last year.

“Using a REALTOR® will ensure you have an expert in real estate transactions on your side, but the expertise of a REALTOR® doesn't stop there," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "REALTORS® are also experts on real estate financing trends, government legislation, marketing, negotiations and have a network of experts and industry professionals at their disposal. This helps ensure that all your needs are met when looking at one of the largest financial decisions of your lifetime."

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – The real estate market results for August 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales and dollar volume but a decrease in active listings over last year. Residential detached and residential attached homes saw an increase in average prices over last year while average prices for condominiums decreased. 

• Weston was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Waverley West recording the next most MLS® sales.

• The Steinbach area had the most residential detached homes sold outside Winnipeg in August followed by the Gimli area.

• The $400,000-$424,999 price range was the most active with 89 MLS® sales representing 9% of all residential detached MLS® sales. The second most active price range was $550,000-$599,999 which saw 83 MLS® sales, representing 8% of all residential detached MLS® sales.

• There were 12 residential detached homes sold for over $1 million in August, with the highest price at over $1.6 million. August 2023 had 14 residential detached homes sold for over $1 million, with the highest priced at just over $3.4 million. 

• Osborne Village was the neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Richmond West.

• The most active price range for condominiums was the $150,000-$174,999 range with 27 sales in August which represents 13% of all condominium MLS® sales. The $175,000-$199,999 range and the $225,000-$249,999 range were the second most active price ranges with 25 sales in August, representing 12% of all condominium MLS® sales.

 Source: Winnipeg Regional Real Estate Board.

July real estate market shows increases to MLS® sales and average prices over last year – Mid-Summer Lake Country real estate market update included

Winnipeg, August 9, 2024 – For the month of July, All MLS® sales reported by the Winnipeg Regional Real Estate Board of 1,488 were up 10% from last year, active MLS® listings of 4,173 down 3% and total MLS® dollar volume of $581 million up 16%. Residential detached MLS® sales of 1,042 were up 8% while the average price of $433,257 was up 7% when compared to last July. Condominium MLS® sales of 215 were up 8% and the average price of $284,151 up 12% over last July. 

​​"The MLS® sales results for July continued the trend of year-over-year increases seen in all but one month in 2024," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “In every month of 2024, average prices for residential detached, condominiums, and residential attached homes have increased over last year. Winnipeg Regional Real Estate Board actively monitors the number of property showings, which helps us gauge potential real estate buyer interest. In July, we observed a 4.3% increase in property showings compared to the previous year, indicating a growing interest."

Year-to-date All MLS® sales of 8,770 were up 12%, total MLS® listings of 14,737 were up 4% while dollar volume of $3.4B was up 19% over 2023. Year-to-date residential detached MLS® sales of of 6,018 were up 11% and the average price of $425,594 was up 6% when compared to last July. Condominium MLS® sales of 1,332 were up 12% and the average price of $278,193 was up 9% over last July. Year-to-date residential attached MLS® sales of 623 were up 16% and the average price of $364,453 was up 9% over last year.

“Spending time in Lake Country during the summer makes the dream of owning a cottage here incredibly enticing," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "Our market region offers residents easy access to stunning lakes and forests just a short drive from home. Now is the perfect opportunity to connect with a REALTOR® and discover the numerous beautiful lakes surrounding Winnipeg."

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – East Side, Lake Winnipeg – West Side and Winnipeg River. A description of the areas are as follows:

• Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

• Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

• Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

• Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

• Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookefield South (R18) and Poplar Bay (R28).

First-half 2024 MLS® sales were up over last year in Lake Manitoba and both the East and West sides of Lake Winnipeg but down in Lac du Bonnet and Winnipeg River. Only Lake Winnipeg – West Side saw increases over the 5-year average.

First-half 2024 MLS® listings were also up over last year on both the East and West sides of Lake Winnipeg but down in Lac du Bonnet, Lake Manitoba – East Side and Winnipeg River. MLS® listings were up over the 5-year average on both the East and West sides of Lake Winnipeg and Lake Manitoba – East Side while they were down in Lac du Bonnet and Winnipeg River.

Average prices increased in the first half everywhere but Lake Manitoba – East Side when compared to the first half of last year and the 5-year average.

“It is often said that all markets are local, and this can be seen very clearly in the specific real estate markets that make up the Lake Country areas," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “While average prices were up in most areas, the number of listings and MLS® sales varied depending on the areas of focus. These differences in local real estate markets are yet another great example of why the experience, data, and expertise of a licensed REALTOR® are a great asset for you whether you're looking to buy or sell in Lake Country!"

July real estate market shows increases to MLS® sales and average prices over last year

Winnipeg, August 9, 2024 – The real estate market results for July 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices but a decrease in active listings over last year. All MLS® sales, residential detached and condominium MLS® sales and active MLS® listings for condominiums fell below the 5-year average. ​

• For the fifth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for July, River Park South recorded the next most MLS® sales.

• The Morden/Winkler area had the most residential detached homes sold outside Winnipeg in July followed by the Steinbach area.

• The $400,000-$424,999 price range was the most active with 80 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range was $375,000-$399,999 which saw 77 MLS® sales, representing 7% of all residential detached MLS® sales.

• There were 19 residential detached homes sold for over $1 million in July, with the highest price at almost $4.3 million. July 2023 had 10 residential detached homes sold for over $1 million, with the highest priced at just over $4.6 million. 

• Osborne Village and Waverley West were the neighbourhoods in Winnipeg which saw the most MLS® condominium sales followed by St. Boniface.

• The most active price range for condominiums was the $175,000-$199,999 range with 32 sales in July which represents 15% of all condominium MLS® sales. The $200,000-$224,999 range was the second most active price range with 27 sales in June, representing 13% of all condominium MLS® sales.

• July saw 2024's third condominium sell for over $1 million with an MLS® sale of just over $1.4 million.

Source: Winnipeg Regional Real Estate Board.

First-half real estate market performance for 2024 up over last year​

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 across the Winnipeg Regional Real Estate Board's market region saw All MLS® sales of 7,288 up 13% over 2023. MLS® listings of 12,399 were up 4% while dollar volume of $2.8B was up 20% over 2023. First-half 2024 residential detached MLS® sales of 4,979 were up 11% and the average price of $424,193 was up 6% when compared to last June. First-half 2024 condominium MLS® sales of 1,119 were up 13% and the average price of $277,252 was up 9% over last June while residential attached MLS® sales of 522 were up 15% and the average price of $365,719 up 9% over last year.

“The first-half MLS® sales and dollar volume results for 2024 represent the 3rd best market performance on record with the 2nd best in 2022 and the best in 2021," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Average prices continued to increase for residential detached, condominiums, and residential attached homes in June and for the first half when compared to last year and the 5-year averages."

All MLS® sales for June 2024 were down 1% from last year to 1,585, active MLS® listings of 4,119 were up 1% and total MLS® dollar volume of $624 million was up 5%. Residential detached MLS® sales of 1,128 were statistically even while the average price of $437,367 was up 5% when compared to last June. Condominium MLS® sales of 209 were down 16% and the average price of $273,303 was up 6% over last June. ​

“When the time comes to sell your home, REALTORS® know how to market your home so that potential buyers have the opportunity to view your property," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In addition to their access to the Multiple Listing Service® (MLS®), REALTORS® have a broad network of contacts to engage as many people as possible so that you benefit from the best outcome possible."

First-half real estate market performance for 2024 up over last year

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 saw increases to All MLS® sales, listings and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, listings, dollar volume and average prices over last year. Decreases seen against the 5-year averages came for All MLS®, residential detached and residential attached home sales, and the number of listings for residential detached and condominiums.​

• For the fourth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for June, Sargent Park and St. James recorded the next most MLS® sales.

• The Steinbach area had the most residential detached homes sold outside Winnipeg in June followed by the Morden/Winkler area.

• The $600,000-$699,999 price range was the most active with 93 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range being $375,000-$399,999 which saw 83 MLS® sales, representing 7% of all residential detached MLS® sales.

• There were 22 residential detached homes sold for over $1 million in June, with the highest price at $1.8 million. June 2023 had 12 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million. 

• For the second consecutive month, Osborne Village was with neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Linden Woods.

• The most active price range for condominiums was the $175,000-$199,999 range with 40 sales in June which represents 16% of all condominium MLS® sales. The $125,000-$149,999 range was the second most active price range with 26 sales in June, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

May Real Estate Market Results Show Strong MLS® Sales and Average Prices 

Winnipeg, June 11, 2024 – All MLS® sales reported by the Winnipeg Regional Real Estate Board for May 2024 were 1,726, an increase of 22% from April and 14% over last May. When comparing to May of 2023, active MLS® listings of 4,100 were up 1% and total MLS® dollar volume of $663 million up 18%. Residential detached MLS® sales of 1,189 were up 12% while the average price of $425,380 up 4% when compared to last May. Condominium MLS® sales of 279 were up 25% and the average price of $277,308 up 4% over last May. Residential attached MLS® sales of 123 were up 10% and the average price of $365,346 up 10% over last year.​

​“The upward trend seen last month has continued with the second best May on record in terms of MLS® sales and a 2nd consecutive month when MLS® sales have outpaced the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “This is noteworthy because the best May on record in 2021 and the third best May on record in 2022 are included in the results of the last five years, and this underscores the strength of this May's real estate market performance. For the sixth consecutive month, residential detached, condominiums, and residential attached homes all saw increases in average prices over last year and the 5-year averages."

Year-to-date residential detached MLS® sales were up 15% to 3,854 when compared to the 3,340 seen through May 2023. Year-to-date residential detached MLS® average prices were up 6% to $420,457 from the $395,068 seen last year. Year-to-date residential detached dollar volume was up 23% to $1.6 billion compared to the $1.3 billion realized in May of 2023.

“In the midst of a fast-moving real estate market during our market regions' busiest season, REALTORS® have the tools to offer peace of mind to buyers and sellers looking to make sense of current market conditions," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “One of the many benefits of using a REALTOR® is gaining access to their ability to analyze real estate market data, trends, and analytics. When combining the results of these factors, REALTORS® can offer prospective buyers and sellers expert advice on what they can expect for pricing on their next real estate transaction."

May Real Estate Market Results Show Strong MLS® Sales and Average Prices

Winnipeg, June 11, 2024 – May saw increases to All MLS® sales, and dollar volume when compared to last year and the 5-year averages. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices over last year and the 5-year averages. Active listings for residential detached, condominium, and residential attached homes were at or below last year and with only condominiums falling below the 5-year average. ​

• For the third consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold and for the second consecutive month, it was followed by Crestview.

• The Morden/Winkler area narrowly beat out the Steinbach area for the most residential detached homes sold outside Winnipeg in May followed by the Gimli area.

• Activity in the price range categories were more evenly distributed in May, with the $325,000-$349,999 price range as the most active with 88 MLS® sales representing 7.4% of all MLS® sales. The second most active price ranges were the $350,000-$374,999 and $425,000-$449,999 price ranges with each seeing 87 MLS® sales, representing 7.3% of all residential detached MLS® sales, respectively.

• There were 18 residential detached homes sold for over $1 million in May, with the highest priced at over $3.5 million. May 2023 had 9 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million.

• Osborne Village was the n​eighbourhood in Winnipeg which saw the most MLS® condominium sales in May followed by Linden Woods.

• The most active price range for condominiums was the $200,000-$224,999 range with 27 sales in May which represents 12% of all MLS® condominium sales. The $150,000-$174,999 range was the second most active price range with 25 sales in May, representing 11% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – For April 2024, all MLS® sales reported by the Winnipeg Regional Real Estate Board were 1,419, an increase of 27% from March and 29% over last April. When comparing to April of 2023, all MLS® active listings of 3,827 were up 7% and total MLS® dollar volume of $561 million up 41%. The trend continued with residential detached MLS® sales of 985, up 30% while the average residential detached MLS® price of $436,535 was up 7% when compared to April 2023.​

“For the first time since June of 2022 and after a 21 consecutive month trend, all MLS® sales in the Winnipeg Regional Real Estate Board's market region rose above the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “From an MLS® sales perspective, this represents the 3rd best April on record and narrowly misses the 2nd best April in 2022, by 35 sales. Aside from a decrease in active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices."

Year-to-date residential detached MLS® sales were up 17% to 2,668 when compared to the 2,276 seen through April 2023. Year-to-date residential detached MLS® average prices were up 8% to $418,284 from the $388,967 seen last year. Year-to-date residential detached sales dollar volume was up 26% to $1.1 billion compared to the $885 million seen through April of 2023.

“With data this month that shows real estate market activity increasing, those looking to buy or sell can benefit from the sound advice and expertise of an experienced REALTOR®," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® bring strategic advice and market intelligence to help offer peace of mind during one of the largest financial decisions in one's lifetime."

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – April saw increases to all MLS® active listings, current listings, MLS® sales, and dollar volume when compared to last year and the 5-year averages. With the exception of active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices.

• Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in April followed by Crestview.

• The Steinbach and Morden/Winkler areas were tied for the most residential detached homes sold outside Winnipeg in April followed by the Niverville/Ritchot area.

• The most active residential detached price range was the $600,000-$699,999 range with 84 MLS® sales in April representing 9% of all residential detached MLS® sales.

• There were 18 residential detached homes sold for over $1 million in April, with the highest priced at just over $2 million. April 2023 had 5 residential detached homes sold for over $1 million. 
  

• River Park South was with neighbourhood in Winnipeg which saw the most MLS® condominium sales in April followed by Waverley West and St. Vital.

• The most active price range for condominiums was the $175,000-199,999 range with 22 sales in April which represents 13% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

Winnipeg, April 9, 2024 – For March, the Winnipeg Regional Real Estate Board reported All MLS^® sales of 1,120, an increase of 11% from last year. When compared to March of 2023, All MLS^® active listings of 3,385 were up 1%, and total MLS^® dollar volume of $420 million was up 21%. Residential detached MLS^® sales of 745 were up 7% while the average residential detached MLS^® price of $418,478 was up 8% when compared to March 2023.​

“The end of March marked the end of the first quarter of 2024 and there were positive real estate market trends seen with MLS^® sales, average prices and dollar volume," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “The real estate market performance saw increases to MLS^® sales and dollar volume each month from January to March with March and the 1^st quarter totals also up when compared to the same periods last year. When looking at average prices for residential detached, condominium and residential attached homes in March and in the 1^st quarter of 2024, all were up over last year. "

First quarter, year-to-date residential detached MLS^® sales were up 11% to 1,682 when compared to the 1,517 seen through March 2023. Year-to-date residential detached MLS^® average prices were up 8% to $407,524 from the $378,877 seen last year. Year-to-date residential detached sales dollar volume was up 19% to $685 million compared to the $575 million seen through March of 2023.

“As the weather begins to warm, the spring market season is around the corner and many in our market region will be looking to enter the real estate market," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you're curious about real estate market trends, pricing, home renovations, or popular neighbourhoods, a REALTOR^® will have expert advice to share along with a network of professionals who can help.

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

WINNIPEG, April 9, 2023 – March and the first quarter totals saw increases to MLS^® sales and dollar volume when compared to the same periods last year. Average prices for residential detached, condominium and residential attached homes saw a similar real estate market performance with increases over last year for March and through the 1^st quarter. ​

• Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in March followed by Island Lakes/Royalwood.
• The Steinbach area saw the most residential detached homes sold outside Winnipeg in March followed by the Morden/Winkler area.
• The most active residential detached price range was the $550,000-$599,999 range with 64 MLS^® sales in March representing 9% of all residential detached MLS^® sales.
• There were four residential detached homes sold for over $1 million in March, with the highest priced at $1.25 million.

• Osborne Village was with neighbourhood in Winnipeg which saw the most MLS^® condominium sales in March followed by Waverley West and St. Vital.
• The most active price range for condominiums was the $150,000-$174,999 range with 28 sales in March which represents 15% of all MLS^® condominium sales.
• A condominium in St. Charles was the first in 2024 which sold for over $1 million.

Source: Winnipeg Regional Real Estate Board.

February marks third consecutive month with year over year increases to total MLS® sales, listings, dollar volume and average prices

WINNIPEG, March 7, 2024 – February 2024 saw total MLS® sales, listings, dollar volume and average prices increase over 2023. With the exception of residential attached active listings, a similar trend was seen across the main three property types of residential detached, condominium and residential attached homes. 

“For the third consecutive month, total MLS® sales, listings, dollar volume and average prices increased over the previous year, marking a positive trend in our market region," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “When compared to last year, February 2024 saw residential detached MLS® sales rise 15%, condominium MLS® sales rise 21% and residential attached MLS® sales rise 62%. Average prices for these property types also rose over last year and the 5-year average."  

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 22% over last February, and 11% below the 5-year average. Active MLS® listings for all MLS® property types are up 8% from last February and 10% above the 5-year average. The total dollar volume of MLS® sales in February was over $276 million which is 26% above last February and 7% below the 5-year average.

Of the 494 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in February, 337 were in Winnipeg while the remaining 157 occurred outside Winnipeg. For the second consecutive month, East Transcona led the way with the most residential detached homes sold in February, however, this month West Kildonan was the area with the second highest. The Morden/Winkler area saw the most residential detached homes sold outside Winnipeg followed by the Steinbach area.

Of the 1,449 residential detached active MLS® listings, 646 were in Winnipeg while 803 were outside Winnipeg. The average price for a residential detached home rose 1% from January, 7% over last February, and is up 7% over the 5-year average. The most active residential detached price range in February was the $250,000-$274,999 range, representing 8% of all residential detached MLS® sales. The $375,000-$399,999 price range was a close second with just shy of 8% of all residential detached MLS® sales.

There were 7 residential detached homes sold at $1 million or more in February 2024 whereas there were 4 sold in February 2023.

Of the 134 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in February, 118 were within Winnipeg and the remaining 16 occurred outside Winnipeg. For the fourth consecutive month, Winnipeg's Osborne Village area saw the most MLS® condominium sales in February followed by Downtown for the third consecutive month.

Of the 433 active MLS® condominium listings, 312 were in Winnipeg and 121 were outside Winnipeg. The average price for a condominium in February was down 3% from January, 7% above last February, and 7% above the 5-year average. The most active price range for condominiums was the $225,000-$249,999 price range representing 17% of all MLS® condominium sales, with the $175,000-$199,999 price range coming in second with 13% of all MLS® condominium sales.

Of the 76 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in February, 54 were in Winnipeg and the remaining 22 occurred outside Winnipeg. Of the 227 active MLS® listings for residential attached homes, 130 were in Winnipeg and 97 were outside Winnipeg. The average price for a residential attached home decreased 9% from January, increased 5% from last February, and is up 10% above the 5-year average.

“A common theme from the speakers at our annual Market Insights event last month was that this year is likely to see an increase in market activity in our market region," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In a steady market region like ours, which continues to be one of the most affordable in Canada, this is welcome news for those looking to enter the real estate market. It is often said that all markets are local, and as always, prospective buyers and sellers can count on the services of a licensed, experienced, professional REALTOR® to give them an edge when navigating the unique dynamics of our market region."

Source: Winnipeg Regional Real Estate Board

2024 begins with strong gains across MLS® residential property types

 WINNIPEG, February 8, 2024 – January 2024 started with increases to MLS® sales, listings, dollar volume and average prices across all of the main three residential property types of residential detached, condominium and residential attached homes when compared to last January.

“It was interesting to see 2023 close out with increases across many statistical categories but even more compelling to see a start to 2024 that builds on that statistical trend," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “On a percentage basis, January 2024 saw double digit increases to MLS® sales for residential detached homes, condominiums and residential attached homes compared to January 2023. Average prices and dollar volumes for these property types were also up considerably, marking an intriguing start to 2024."​

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 14% over last January, and 8% below the 5-year average. Active MLS® listings for all MLS® property types are up 7% from last January and 8% above the 5-year average. The total dollar volume of MLS® sales in January was over $236 million which is 26% above last January and 2% above the 5-year average. 

Of the 443 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in January, 287 were in Winnipeg while the remaining 156 occurred outside Winnipeg. East Transcona led the way with the most residential detached homes sold in January followed closely by Waverley West. The Steinbach area saw the most residential detached homes sold outside Winnipeg followed by the Morden/Winkler area.

Of the 1,315 residential detached active MLS® listings, 585 were in Winnipeg while 730 were outside Winnipeg. The average price for a residential detached home rose 8% over last January and is up 8% over the 5-year average. The most active residential detached price range in January was the $325,000-$349,999 range, representing 8% of all residential detached MLS® sales.

Interestingly, a close second was the $550,000-$599,999 price range which was just shy of 8% of all residential detached MLS® sales. There were 7 residential detached homes sold at $1 million or more in January 2024 whereas there were 3 sold in January 2023. 

Of the 99 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in January, 85 were within Winnipeg and the remaining 14 occurred outside Winnipeg. Winnipeg's Osborne Village area saw the most MLS® condominium sales in January followed by Downtown. Of the 374 active MLS® listings for condominiums, 285 were in Winnipeg and 89 were outside Winnipeg. The average price for a condominium in January was 20% above last January and 16% above the 5-year average. The most active price range for condominiums was the $150,000-$174,999 price range representing 13% of all MLS® condominium sales.

“Demand for condominiums continues to be strong with MLS® sales up 10% and average prices up 20% over last year," said Prefontaine.​

Of the 49 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in January, 38 were in Winnipeg and the remaining 11 occurred outside Winnipeg. Of the 218 active MLS® listings for residential attached homes, 129 were in Winnipeg and 89 were outside Winnipeg. The average price for a residential attached home was 18% above last January and 24% above the 5-year average.

“On February 22, 2024, the Winnipeg Regional Real Estate Board will host its annual Market Insights event and provide an overview of 2023 residential and commercial real estate market trends, insights into factors impacting the economy and real estate forecasts for 2024," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. In addition to Jeremy Davis from the Winnipeg Regional Real Estate Board, we are excited to welcome Benjamin Tal, Managing Director and Deputy Chief Economist with CIBC Capital Markets, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, and Dan Chubey, Managing Director for Colliers Brokerage, for insights into economic trends, real estate results, and forecasts for 2024."

Source: Winnipeg Regional Real Estate Board.