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Winnipeg Mortgage Affordability Calculator

Updated

Maximum Home Price

How much house can you afford in Winnipeg?

Winnipeg’s average home price is $383,977 as of January 2026, up 7.3% year-over-year — among the stronger growth rates in Canada. With 3.9 months of supply, the market is balanced. Detached homes represent 69% of all sales, making Winnipeg one of the most detached-focused markets in the country.

Winnipeg affordability by property type

Real Winnipeg data — January 2026:

Property TypeAvg PriceYoYDown (20%)Income Required
Condominium$275,515+10.3%$55,103$82,881
Attached$380,888+7.0%$76,178$102,918
All Types$383,977+7.3%$76,795$103,506
Detached$431,079+4.3%$86,216$112,458

Income assumes 4.04% rate, 25-year amortization, 32% GDS, $354/mo tax, $175/mo heat (higher than national average due to Winnipeg winters).

Condos surging +10.3% — the fastest-growing segment, though still very affordable at $275K.

Most active detached price range: $300,000–$399,999 (22% of all detached transactions).

Winnipeg neighbourhood price ranges

NeighbourhoodPrice RangeCharacter
Exchange District$150,000–$350,000Condos, downtown arts/culture
Wolseley/West Broadway$250,000–$500,000Character homes, walkable
Transcona$250,000–$400,000Affordable family, east side
North Kildonan$300,000–$450,000Suburban family
St. Vital$300,000–$500,000Popular family neighbourhood
River Heights/Crescentwood$400,000–$700,000Established premium
Bridgwater$400,000–$600,000New builds, south
Tuxedo/South Tuxedo$500,000–$1M+Winnipeg’s premium area

The range from Exchange District condos ($150K) to Tuxedo ($1M+) shows Winnipeg has options at every budget level.

Winnipeg’s incredible value vs major cities

FactorWinnipegTorontoVancouver
Average price$383,977$1,008,968$1,206,180
Detached avg$431,079$1,325,654$2,122,572 (GVA)
Income needed (avg)$103,506$213,376$230,944
Income needed (det.)$112,458$274,408$372,724
LTT at avg~$4,980~$31,000~$20,006

A Winnipeg detached ($431K) costs less than a Toronto condo ($627K). The income needed for a Winnipeg detached ($112K) is less than a Toronto condo needs ($140K).

Manitoba land transfer tax

BracketRate
First $30,0000%
$30,001–$90,0000.5%
$90,001–$150,0001.0%
$150,001–$200,0001.5%
Over $200,0002.0%
Home PriceMB LTT
$275,515 (condo avg)~$3,210
$383,977 (avg)~$4,980
$431,079 (detached avg)~$5,922

Winnipeg market conditions — January 2026

MetricValue
Average price$383,977 (+7.3% YoY)
Total sales620 (-14.1% YoY)
Active listings2,416 (-7.0% YoY)
Detached listings927 (-14.0% YoY)
Condo listings353 (+17.0% YoY)
Months of supply3.9
Market conditionBalanced

Detached inventory is shrinking (-14%) while condo supply is growing (+17%). This may push detached prices even higher.

See the Winnipeg housing market report for the latest.

Tips for Winnipeg homebuyers

  1. Detached for less than a Toronto condo — $431K buys a full detached home
  2. Condo growth +10.3% — If considering condos, prices are rising fastest in this segment
  3. $300K–$400K sweet spot — 22% of all detached transactions fall in this range
  4. Budget for heating — $175+/mo heating costs are a real factor in Winnipeg’s winters
  5. Shrinking detached supply — -14% active listings means less selection and more competition ahead
  6. Compare mortgage rates — National lenders serve Winnipeg at competitive rates