Winnipeg Home Values

Why Winnipeg Home Values Are Poised to Appreciate

As a trusted mortgage broker in Winnipeg, I’m here to help you not only secure great rates, but also make informed decisions about your future. One of the most important considerations for homeowners and real estate investors alike is property value growth. And the outlook for Winnipeg is incredibly promising.

Market Snapshot: Strong Growth in 2025

According to the most recent data from WOWA.ca:

Average home price in February 2025: $394,088 (Up 6.3% year-over-year, 10.2% from January)
Detached homes: $458,064 (14.5% YoY increase)
Attached homes: $379,152 (6.0% YoY increase)
Condos: $274,036 (1.6% YoY increase)

Transactions across all home types are also up, with significant month-over-month growth indicating a heating market fueled by decreasing interest rates and a tighter housing supply.

Why Winnipeg Is a Hidden Gem

Compared to major Canadian cities, Winnipeg offers incredible value. Our benchmark home price stands at just $363,200. In contrast:

Toronto: $1,073,900
Vancouver: $1,169,100
Calgary: $587,600
Montreal: $549,900

This affordability positions Winnipeg as an attractive destination for first-time buyers, investors, and people relocating from higher-cost regions.

Historic Price Trends: Long-Term Growth

Over the past 10 years:

Winnipeg home values have risen 48%, outpacing the 29% rise in inflation (CPI).
This growth reflects healthy, non-speculative appreciation driven by real demand.

Post-Pandemic Recovery & Momentum

Home prices peaked in May 2022, dropped during interest rate hikes, and bottomed in early 2023. But since November 2023, the Winnipeg market has:

Increased 13% in average home price
Benefited from six interest rate cuts between June 2024 and January 2025
Seen renewed buyer confidence due to strong fundamentals and affordability

Tight Inventory = Upward Pressure

Winnipeg currently has 2,787 active listings, including:
- 1,172 detached
- 346 condos
- 183 attached homes

This inventory is 15% lower than last year, creating a supply crunch that supports further price increases.

Housing Type Spotlight

Detached homes saw the highest appreciation: +14.5% YoY to $458,064
Attached homes also jumped: +6.0% YoY
Condo sales surged with a 16.4% YoY increase in units sold

The trend is clear: Winnipeg's market is active, affordable, and gaining momentum.

Mortgage Rates: Fueling the Market

With 2-year fixed rates as low as 3.94% from lenders like Cambrian Credit Union, and even major banks offering promotional rates under 5%, buyers are locking in great deals and entering the market with confidence.

What This Means for You

Whether you're:

A first-time buyer looking for affordable entry points
A homeowner thinking about moving up
An investor eyeing long-term gains in an underpriced market

Now is a great time to take advantage of low rates and rising value.

Work With a Local Mortgage Expert

As a Winnipeg-based mortgage broker, I specialize in:

Finding the best mortgage rates from over 40+ lenders
Helping clients with bad credit or self-employment get approved
Educating clients on long-term real estate trends

If you're thinking about buying, refinancing, or just want to understand your options, I’m here to help.

Contact me today to learn how you can take advantage of Winnipeg's growing housing market.

Let’s unlock your potential — in your home and your finances.