The Winnipeg real estate market saw a slower start to the year compared to 2025, with sales activity down across most property types. However, prices have remained resilient and some segments — particularly condominiums — continue to show strength.

Here’s a breakdown of what happened in the Winnipeg housing market in February.

Overall Market Activity

In February 2026, there were 786 total MLS® sales, representing an 11% decrease compared to February 2025. Active listings also declined to 2,563 properties, down 8% year-over-year. Total dollar volume for the month reached over $314 million, a 10% decrease from last year. 

While activity slowed compared to 2025, the market remains relatively stable when compared to longer-term trends.

Year-to-date (January–February), total MLS® sales reached 1,405, down 12% from the same period in 2025, while dollar volume totaled over $552 million, down 9% year-over-year. 

Detached Home Market

The residential detached market remained relatively stable in terms of pricing.

• Average price: $456,232
• Sales: 489 homes

Sales change: down 11% year-over-year

Despite lower sales, the average price remained statistically even with February 2025 and sits 8% above the five-year average, demonstrating continued price resilience. 

Within Winnipeg specifically:

• Average price: $472,711
• Sales: 339 homes
• Average price change: up 5% year-over-year 

The most active price range for detached homes in February was $400,000–$499,999, which accounted for 24% of all sales, followed by the $300,000–$399,999 range representing 20% of sales.

Condominium Market

The condominium segment stood out this month, reaching the highest February average price on record.

• Average price: $284,086
• Sales: 118 units
• Price change: up 4% year-over-year
• Sales change: down 24% 

In Winnipeg specifically, condo prices averaged $285,876, representing a 6% increase compared to February 2025. 

The most active price range for condos was $200,000–$299,999, accounting for 31% of sales, followed closely by $100,000–$199,999 at 30%. 

Curious about buying or selling Real Estate in Winnipeg? Find some helpful information in the posts below:

• Top Neighbourhoods in Winnipeg: Where to Live, Buy, and Invest with Goodfellow Realty
• Thinking About Relocating to Winnipeg? Here’s What Families Should Know
• Is Winnipeg Real Estate Becoming More Valuable?

Residential Attached Homes

The attached housing segment showed signs of growth early in the year.

• Sales: 90 homes (up 5% year-over-year)
• Active listings: up 29%
• Average price: $379,309 (statistically unchanged from 2025) 

This category has benefited from buyers seeking alternatives as inventory in other segments tightens.

Regional Highlights

Across the Winnipeg Regional Real Estate Board’s market region, results varied by area.

Notable year-to-date trends include:

• Winnipeg: average price up 5% to $458,594 with sales down 9%
• Steinbach–R16: average price up 13% with sales up 1%
• Morden/Winkler–R35: sales up 29%
• Lake Country: sales down 49% with prices down 20% 

Within Winnipeg, Highland Pointe saw the highest number of detached home sales in February, followed by Waverley West. 

For condominiums, Osborne Village led the city in sales, followed by River Park South. 

Looking Ahead to the Spring Market

Although sales activity has started the year below 2025 levels, the market is performing similarly to 2024. Limited housing supply continues to influence conditions across Canadian real estate markets, including Winnipeg.

As spring approaches — traditionally the busiest season for real estate — both inventory and buyer activity are expected to increase, potentially bringing more balance to the market.

For buyers and sellers considering a move in 2026, now is an ideal time to start planning and preparing for the opportunities the spring market will bring.

Reach out to the Goodfellow Realty team today if you’re considering a move in 2026. Whether you’re buying, selling, or exploring your options, contact us at info@goodfellowrealty.com or call 204-224-2551. We’re happy to help you make sense of today’s market.