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Winnipeg Real Estate Market : MLS Map & 2022 Statistics

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. 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 sales during Oct 2022 (Oct 1st - 31st):

South West Region of Winnipeg

South East Region of Winnipeg

Residential Detached: $497,194.00

Residential Detached: $464,160.00

Residential Attached: $418,577.00

Residential Attached: $350,390.00

Condos: $270,752.00

Condos: $299,072.00

 North Region of Winnipeg

 North East Region of Winnipeg

 Residential Detached: $302,007.00

 Residential Detached: $325,997.00

 Residential Attached: $291,676.00

 Residential Attached:$315,352.00

 Condos: $237,483.00

 Condos: $290,111.00

West Region of Winnipeg

 Residential Detached: $313,558.00

Residential Attached: $267,166.00

Condos: $163,250.00

 

2022 Real Estate Market Statistics 

In October, there were a few market changes relating to MLS listings and average home prices: 

* October sales were impacted by cost of living concerns combined with a rapid rising interest rate environment which saw the Bank of Canada increase its overnight lending rate from 0.25% in March to 3.75% in October 2022.

* To reference MLS® activity in the past 2 years, October MLS® sales of 1,063 decreased 30% from October 2021 and 33% from the record-setting October in 2020.

* Single-family home activity was most active under $400,000 with 50% of sales occurring under $350,000 and another 13% from $350,000 to $399,999. The highest sale price was $1,550,000 and the lowest was $19,900.


In September, there were a few market changes relating to MLS listings and average home prices: 

* Septembers as sales decreased 20% and 32% from 2021 and 2020 respectively. The 1,205 MLS® sales transacted this September are much more aligned with the most immediate prepandemic year of 2019 which had 1,211 sales.

* New listings coming onto the market in September are up 12% from last year and only down 1% over the 5-year average.

* Thirty-four distinct MLS® areas had percentage conversions of 89% or higher in 2021 compared to only three this year. The highest one this year at 93% conversion is Tyndall Park. Second was Mandalay West at 90%.

* The average sale price in Winnipeg for September 2022 was $361,338, representing a 6.3% year-over-year increase and 10% lower than in June 2022.

* Condo's average price increased by 15% year-over-year to $266k.


In August, there were a few market changes relating to MLS listings and average home prices: 

* The Winnipeg Regional Real Estate Board reports that August MLS® sales activity showed a drop off from July and previous August months in the last few years. Sales of 1,375 are down 15% from August 2021 and 9% over the 5-year average. 

* New listings are slightly up in August, but we're still seeing fewer above-list price offers. 

* The total dollar volume of $515 million, on 1,496 sales, was down 14.3% from July and 10.8% from last August.

* Average sq. ft. for detached houses is 1,333, for attached houses, it's 1,252, and for condos is 1,074.


In July, there were a few market changes relating to MLS listings and average home prices: 

* At the end of July there were 3,700 active MLS listings available, compared to half that amount in the first four months of 2022.

* There were less sales in July than June: 124 - detached, 84 - attached, and 221 - condominiums. 

* It is also worth noting that the 221 condominiums sold in July were only two fewer than July 2021, and year-to-date sales of 1,457 are much closer in sales activity to 2021 than other property types with respect to last year at this time.

* Akash Bedi from the Winnipeg Regional Real Estate Board reports “Above list price sales for both single-family homes and condominiums are trending down from what they were earlier in the year. July single-family percentages of above list price versus below list price sales are the reverse of the year-to-date ones with below list price sales this month at 55% when they are 35% for the year.”


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 (YTD May 2022):  

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. 



MLS Map of Winnipeg by Ed Dale Team


North

North West

North East

South West

South East

North End

4A

Central

9A

East Kildonan

3A

Crescentwood

1C

St Boniface

2A

Point Douglas

4A

Chinatown

9A

Elmwood

3A

River Heights

1D

Norwood

2B

North End

4B

Downtown

9A

East Kildonan

3B

River Heights South

1D

Norwood Flats

2B

Shaughnessy Heights

4B

East Exchange

9A

Elmwood

3B

Tuxedo

1E

Bright Oaks

2C

North End

4C

Exchange

9A

Bronx Park

3C

Assiniboine Woods

1F

Elm Park

2C

Margaret Park

4D

The Forks

9A

East Kildonan

3C

Charleswood

1F

Norberry

2C

West Kildonan

4D

West Exchange

9A

Elmwood Park

3C

River West Park

1F

Normand Park

2C

Scotia Heights

4D

Waterfront

9A

Fraser’s Grove

3C

Charleswood

1G

Pulberry

2C

Riverbend

4E

Point Douglas

9A

Glenelm

3C

Charleswood

1H

River Pointe

2C

Riverdale

4E

West End

5A

Valhalla

3C

Westdale

1H

St Vital

2C

River Grove

4E

Wolseley

5B

East Kildonan

3D

East Fort Garry

1J

Van Hull Estates

2C

Amber Trails

4F

Polo Park

5C

East Kildonan

3E

Fort Garry

1J

St Vital

2D

Garden City

4F

Sargeant Park

5C

Valley Gardens

3E

West Fort Garry

1JW

Meadowood

2E

Old Kildonan

4F

West End

5C

North Kildonan

3F

Wildwood

1J

River Park South

2E

Parkway Village

4F

Brooklands

5D

River East

3F

Fort Richmond

1K

St Vital

2E

Garden City

4G

Weston

5D

Algonquin Park

3G

University Heights

1K

Dakota Crossing

2F

Foxwarren Estates

4H

Bruce Park

5E

River East

3G

Waverley Heights

1L

River Park South

2F

Maples

4H

Deer lodge

5E

North Kildonan

3G

Linden Ridge

1M

South Glen

2F

Maple Glen

4H

St James

5E

Algonquin Estates

3H

Linden Woods

1M

Niakwa Park

2G

Mandalay North

4H

Bourkevale

5E

All Season Estates

3H

Charleswood

1N

Windsor Park

2G

Mandalay West

4H

Silver Heights

5F

Eaglemere

3H

South Charleswood

1N

Niakwa Place

2H

North Meadows

4H

St James

5F

Oakwood Estates

3H

Fort Whyte

1P

Southdale

2H

Seven Oaks Crossings

4H

Woodhaven

5F

Sun Valley

3H

Whyte Ridge

1P

Island Lakes

2J

Tyndall Park

4J

Grace Hospital

5F

Harbour View South

3J

Grandmont Park

1Q

Royalwood

2J

Garden Grove

4K

Westwood

5G

Kildonan Meadows

3K

Richmond Lakes

1Q

Sage Creek

2J

Mandalay North

4K

St Charles

5G

Lakeside Meadows

3K

St Norbert

1Q

Southland Park

2J

Mandalay West

4K

Crestview

5H

Mission Gardens

3K

Fairfield Park

1R

R.M. of Springfield

2J

Inkster Gardens

4L

Heritage Park

5H

Transcona

3K

Waverley West

1R

Ramblewood

2M

Meadows West

4L

Optimist Park

5J

Transcona

3L

Bridgwater Forest

1R

South St Vital

2M

Meadowview

4L

Centreport

5J

Canterbury Park

3M

South Pointe

1R

St Vital

2M

North Meadows

4L

Headingley North

5W

Transcona

3M

Richmond West

1S

   

Tyndall Narrows

4L

Monterey Park

5W

South Transcona

3M

Assiniboine Landing

1W

   
   

The Oaks

5W

Transcona

3N

Breezy Bend

1W

   
       

Birds Hill

3P

Headingley South

1W

   
       

East St Paul

3P

Marston Meadows

1W

   
       

Glengarry Park

3P

Deer Pointe

1W

   
       

North Hill Park

3P

       
       

Pritchard Farm

3P

       
       

Pine Ridge

3P

       
       

River East Estates

3P

       
       

Silver Fox Estates

3P

       
  .