The real estate market is ever-changing; it's highly important to keep up-to-date with key statistics regarding realty. Throughout the pandemic, Winnipeg saw a lot of variation in transaction levels and prices have steadily been on the rise. That's not to say we won't see sales level out and prices decrease again, but you'll want to keep checking the statistics if you're looking to buy, especially for investment opportunities.

Our team of realtors will do our best to keep the real estate market statistics updated and relevant as they change, but currently, they're based on YTD as of May 2022. Please scroll to the bottom of the page if you're looking for the MLS Map with correlating neighbourhoods.

2022 Average House Prices by Zone

The average Winnipeg property prices are based on YTD (year-to-date) sales as of May 2022

South West Region of Winnipeg	South East Region of Winnipeg
Residential Detached: $579,381.00	Residential Detached: $494,563.00
Residential Attached: $397,895.00	Residential Attached: $404,677.00
Condos: $274,635.00	Condos: $285,930.00
North Region of Winnipeg	North East Region of Winnipeg
Residential Detached: $354,119.00	Residential Detached: $401,653.00
Residential Attached: $336,756.00	Residential Attached: $365,241.00
Condos: $245,237.00	Condos: $257,718.00
West Region of Winnipeg
Residential Detached: $339,196.00
Residential Attached: $316,576.00
Condos: $194,011.00

 

2022 Real Estate Market Statistics 

So far, Winnipeg has had a strong real estate market for 2022 and it's projected to have modest growth throughout the year. If you're looking to buy a home this year, keep these statistics in mind:  

* The average price of residential property in 2022 has exceeded $400,000. Which is a first for the city of Winnipeg.  

* Detached home prices increased by 14% year-over-year to $440k (14% increase year-over-year) 

* Attached home prices increased by 11% year-over-year to $349k (11% increase year-over-year) 

* Condo prices increased by 5% year-over-year to $261k (5% increase year-over-year) 

* Across Canada, Winnipeg is seen as a more affordable housing market and that could attribute to our rapid population growth.   

* Currently, the Bank of Canada's key policy rate is set at 1.50%, as of June 2022. We may see it increase to as much as 2.0% before the end of the year.

 

FAQs about MLS Listings

What does MLS stand for and what is the purpose? 

MLS: Multiple Listing Service. MLS is a database full of properties for sale. Real estate agents can advertise homes, condos, vacant land, etc., that are for sale. Realtors also browse these listings to make recommendations for buyers. 

Can anyone post an MLS listing? 

No, you must be a licensed realtor to publish MLS listings.  

Where can I find recent MLS Listings for Winnipeg? 

You have a few options. You can browse Ed Dale's team listings. If you haven't found your dream house there, check out our Brokerage's MLS listings. Ideally, it's best to reach out to a real estate agent directly and they can recommend specific MLS listings based on your requirements. Although, there are many websites that advertise houses for sale that pull from MLS listings. 

Are websites like Zillow.com and Realtor.com MLS?

Nope! They're popular websites that showcase and advertise homes for sale and display MLS listings. 

Are there benefits to buying houses that are MLS listed? 

Not really. MLS is a database that realtors can utilize, the platform doesn't offer any special offers or benefits to the public directly. Although, only licensed realtors can publish listings. Therefore, the information is deemed to be more accurate and official. 

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