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Manitoba Mortgage Affordability Calculator

Updated

Maximum Home Price

How much house can you afford in Manitoba?

Manitoba’s average home price is $373,802 as of January 2026, up 6.5% year-over-year — one of the strongest growth rates in Canada. With approximately 4.0 months of supply, Manitoba is a balanced-to-seller’s market. The average is roughly half of Ontario’s and less than a third of BC’s.

Manitoba affordability by property type — Winnipeg

Winnipeg represents the majority of Manitoba’s market. Real data — January 2026:

Property TypeWinnipeg AvgYoYDown (20%)Income NeededMonthly Payment
Condominium$275,515+10.3%$55,103~$83,000$1,193
Attached$380,888+7.0%$76,178~$103,000$1,648
All Types$383,977+7.3%$76,795~$104,000$1,662
Detached$431,079+4.3%$86,216~$112,000$1,866

Income estimates include property taxes and $175/month heating in the GDS calculation.

Condos surged 10.3% YoY — the fastest-growing segment. However, condo listings are also up 17%, which may slow growth.

Winnipeg neighbourhood price ranges

What your budget actually buys in different Winnipeg neighbourhoods:

NeighbourhoodPrice RangeWhat You Get
Exchange District$150K–$350KCondos and lofts
Wolseley/West Broadway$250K–$500KCharacter homes, smaller lots
Transcona$250K–$400K3-bed detached, good starter area
St. Vital$300K–$500KFamily-friendly detached
North Kildonan$300K–$450KSuburban detached
River Heights/Crescentwood$400K–$700KEstablished, walkable, larger homes
Bridgwater$400K–$600KNew builds, modern detached
Tuxedo$500K–$1M+Premium detached, large lots

Most active price range: $300K–$400K detached (22% of all detached sales).

Winnipeg market inventory dynamics

Property TypeActive ListingsYoY Change
Detached927-14.0%
Condo353+17.0%
Attached230+19.0%

Detached listings are tightening (-14%) while condo and attached listings grow — creating different dynamics depending on what you’re buying.

Manitoba land transfer tax

Home PriceLTT
$200,000$1,650
$300,000$3,650
$373,802 (MB avg)~$4,800
$431,079 (WPG detached)~$5,625
$500,000$7,300

Manitoba market conditions — January 2026

MetricValue
Average home price$373,802 (+6.5% YoY)
Winnipeg average$383,977 (+7.3% YoY)
Total sales620 (-14.1% YoY)
Active listings2,416 (-7.0% YoY)
Months of supply~3.9
Market conditionBalanced to seller’s

See the Manitoba housing market report for the latest.

Tips for Manitoba homebuyers

  1. Condos are surging — +10.3% YoY, but listings up 17% — watch for a potential plateau
  2. $300K–$400K is the sweet spot — 22% of all detached sales fall in this range
  3. Detached inventory is declining — Down 14% YoY, creating competition in the most popular segment
  4. Compare local credit unions — Assiniboine and Cambrian Credit Union compete well on rates
  5. Check mortgage rates — Every 0.25% matters, even on moderately-priced homes