By Jeremy Davis
Through state-of-the-art data, MLS® statistics and technology, the Winnipeg Regional Real Estate Board provides precise and up-to-date insights into the ever-evolving, dynamic local real estate market. The weekly Real Estate Market Matters column provides analysis and commentary for readers who have a keen interest in tracking trends and real estate related issues within our market region.
REALTORS® stand as a true authority in the real estate market and are well-equipped to guide you through the intricacies of buying and selling properties. Their expertise ensures that you receive accurate and relevant market information, enabling you to make informed decisions with confidence. This is especially relevant when looking at the Lake Country areas which represent their own, unique markets each with their own distinctive market dynamics.
This week’s Real Estate Market Matters column focuses on a mid-summer Lake Country real estate market update for the first half of 2025 with data that represents an aggregate from January to the end of June. There are five Lake Country areas within the Winnipeg Regional Real Estate Board’s market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba–East Side, Lake Winnipeg–East Side, Lake Winnipeg–West Side and Winnipeg River. A description of the areas, along with a map, are shown in the graphic above.
“When looking at the statistics from the individual Lake Country areas, it is clear that each area has its own real estate market dynamics,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “While average prices were up in almost all areas, the performance of listings and MLS® sales varied depending on the areas of focus. The variation seen in these local markets show why a licensed, professional REALTOR® can be invaluable whether you’re looking to buy or sell in Lake Country!”
The total first-half real estate market results for 2025 across all Lake Country areas in the Winnipeg Regional Real Estate Board’s market region saw All MLS® sales of 387 up 2% over 2024. MLS® listings of 870 were up 4% while dollar volume of over $96 million was up 14% over 2024. The average price of $250,212 was up 12% over last year.
Zooming into the first-half 2024 trends seen in each area, first-half 2025 MLS® sales were at or above last year in Lac du Bonnet, Lake Manitoba–East Side, Lake Winnipeg–West Side and Winnipeg River but down on Lake Winnipeg–East Side. All areas were below the 5-year average except for Lake Winnipeg–West Side.
First-half 2025 MLS® listings were also up over last year in Lac du Bonnet, Lake Manitoba–East Side and Lake Winnipeg–West Side but down on Lake Winnipeg–East Side and Winnipeg River. MLS® listings were up over the 5-year average in Lac du Bonnet, Lake Manitoba–East Side, Lake Winnipeg–West Side and Lake Winnipeg–East Side but down in Winnipeg River.
Average prices increased in the first half for all areas except Winnipeg River when compared to the first half of last year and the 5-year average.
“While May is typically the time when cottage owners begin warm weather preparations on their properties, it is August when we see the most Lake Country MLS® sales activity,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “When looking to buy in Lake Country, there are many things to consider, like location, property access, distance to amenities, access to water, wastewater removal, winterization and rural municipal services, to name a few. REALTORS® have the expertise, data, technology, and a network of professionals to help ensure a smooth transaction whether you’re looking to purchase or sell in Lake Country.”
For some helpful tips about what to look for when searching for a property in Lake Country, check out the Real Estate Market Matters column from August 1, 2025, titled Planning on buying a cottage this year? Here are 7 things you need to know at https://www.winnipegregionalrealestatenews.com/publications/real-estate-news/5446
If you’re looking for properties in Lake Country, use the descriptions beside the map to help you in using our property search tool which can be found by scanning the QR code below.
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director External Relations & Market Intelligence.