Winnipeg Real Estate Market Update for February 2026

Condo Prices Hit Record February High as Winnipeg Housing Market Stabilizes

The Winnipeg real estate market in February 2026 showed signs of stabilization as sales slowed compared to last year but home prices remained resilient.

While detached home prices held steady, the Winnipeg condominium market reached its highest February average price on record, highlighting continued demand for more affordable housing options.

Overall market activity was lower than February 2025, but trends suggest the market is returning to more typical levels after the high activity seen in recent years.

For both Winnipeg home buyers and sellers, this creates a more balanced market heading into the busy spring season.

Winnipeg Housing Market Snapshot 

The Winnipeg housing market is made up of three primary property types - detached homes, condominiums and attached homes (townhouses).

Detached Homes

• Remain the largest portion of Winnipeg home sales

• Average prices held steady year-over-year

• Sales activity slowed slightly

Condominiums

• Highest February average price recorded

• Sales declined compared to 2025

• More inventory available for buyers

Attached Homes / Townhouses

• Increased listings and sales activity

• Growing demand from buyers seeking affordability

Comparisons for Winnipeg and Surrounding Communities  

Real estate trends varied across the Winnipeg region housing market.

Winnipeg

• Home prices continue trending upward

• Sales activity slightly lower but still healthy

Outside Winnipeg

Some surrounding communities experienced stronger growth than others.

Areas showing strong performance

• Steinbach

• Morris

• Morden/Winkler

These regions continue attracting buyers looking for larger homes and more affordable real estate outside Winnipeg.

Areas with slower activity

• Lake Country

• Niverville/Ritchot

 Buyers searching for homes near Winnipeg are increasingly exploring surrounding communities for affordability.

Real Estate Market Activity (All MLS® Listings)

Across all property types, February showed a moderate slowdown in Winnipeg real estate activity.

Key Trends

• Overall MLS sales decreased compared to last year

• Active listings declined slightly

• Total sales volume remained strong

 Lower inventory continues to support home prices across Winnipeg.

Detached Home Market Statistics

Detached homes remain the most popular property type in the Winnipeg housing market, but sales volumes slowed compared to recent years.

Market signals

• Average prices remained stable year-over-year

• Sales declined modestly

• Inventory remains relatively limited

What this means for buyers

• Demand remains steady 
• Be prepared as buyers are still in nmultiple offer competition

What this means for sellers

• Proper pricing is essential

• Well-presented homes still sell quickly

Attached Home/Townhouse Market Statistics

Attached homes are emerging as one of the fastest-growing housing segments in Winnipeg.

Why demand is increasing

• More affordable than detached homes

• More space than condos

• Popular among first-time buyers and young families

Market trends

• Listings increased significantly

• Sales activity rose

• Prices remained stable

 Condominium Market Statistics

The Winnipeg condo market was the standout performer in February.

Key highlights

• Record February average price

• Increased listings

• Sales volume declined compared to 2025

Why condos remain popular

• Entry point for first-time buyers

• Attractive to downsizers

• Strong potential for investors

Condos remain one of the most affordable ways to enter the Winnipeg real estate market.

Average Home Prices Around the Region

Home prices vary widely across Winnipeg and nearby regions.

Highlights

• Southwest Winnipeg has the highest average prices.

• Southeast Winnipeg also remains a high-demand area.

• North and West Winnipeg offer more affordable entry points.

• Rural municipalities attract buyers looking for space outside the city.

Winnipeg’s housing market is highly local, and prices can change significantly depending on the neighbourhood.

Winnipeg Real Estate Forecast for Spring 2026

As the spring Winnipeg real estate market approaches, activity is expected to increase.

Potential Trends 

• More homes entering the market

• Increased buyer demand

• Continued strength in affordable housing segments

The Winnipeg housing market remains stable, resilient and balanced, creating opportunities for both buyers and sellers heading into the busiest real estate season of the year.

Thinking About Buying or Selling in Winnipeg?

If you're considering buying or selling a home in Winnipeg or surrounding communities, understanding current market trends can help you make the best decision.

Reach out anytime to discuss,

• Current Winnipeg home values

• New listings in your neighbourhood

• Buying opportunities in today’s market

Tara Zacharias, REALTOR®