By Jeremy Davis
Residential detached average prices in January 2026 rose 4% to $431,079 while MLS® sales of 367 decreased 17% when compared to last year. Condominium average prices rose 10% to $275,515 and MLS® sales decreased 16% from January 2025. All MLS® sales of 620 in January 2026 were down 13%, active All MLS® listings of 2,416 were down 7% and total MLS® dollar volume of over $238 million was down 7% from January 2025.
“2026 began by continuing the trend seen in 2025 with residential detached and condominium average price increases compared to last year and the 5-year average,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales for All MLS®, residential detached and condominiums, on the other hand, were lower than last year and the 5-year average. Active listings for residential detached homes were below last year and the 5-year average while condominiums were above last year and the 5-year average.”
Residential detached homes in January saw MLS® sales of 367 which is 17% below the 443 seen last January and 10% below the 5-year average of 410. Residential detached homes saw active MLS® listings of 927 which is down 14% from the 1,077 seen last January and 12% below the 5-year average of 1,047. The average price of $431,079 for a residential detached home increased 4% from last January’s $412,722 and increased 7% from the 5-year average of $401,750.
For January, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by the West Kildonan area. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
The most active price range in January was the $300,000-$399,999 which saw 80 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 76 MLS® sales representing 21% of all residential detached MLS® sales in January.
There were six residential detached homes sold at or above $1 million in January, with the highest priced at over $1.7 million. January 2025 had 8 residential detached homes sold at or above $1 million with the highest priced at over $1.7 million.
MLS® sales of 92 for condominiums in January were 16% below the 110 seen last January and 11% below the 5-year average of 103. Active MLS® listings of 353 for condominiums were 17% above the 303 seen last January and 3% above the 5-year average of 342. The average price of $275,515 for a condominium in January was 10% above last January’s $250,200 and statistically even with the 5-year average of $257,600.
For January, Fort Richmond, Crestview, and Downtown were the neighbourhoods in Winnipeg with the most condominium MLS® sales followed by Fort Garry and Sage Creek. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in January followed by the Steinbach and Niverville/Ritchot areas.
The most active price range for condominiums was the $200,000-$299,999 range with 33 MLS® sales which represents 36% of all condominium MLS® sales in January. The $100,000-$199,999 range was the second most active with 27 MLS® sales in January, representing 29% of all condominium MLS® sales.
“On February 19, 2026, the Winnipeg Regional Real Estate Board will host its annual Market Insights event virtually which will provide analysis on Canada’s economy, national demographic and housing trends, as well as a look at the performance of residential and commercial real estate in our market region,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “At this year’s event, we are excited to welcome keynote speaker Konrad Zmitrowicz, Senior Policy Advisory with the Bank of Canada, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, Ryan Munt, Executive Vice President of Cushman and Wakefield Stevenson, and Jeremy Davis from the Winnipeg Regional Real Estate Board. For more information on the 2026 Market Insights event sponsored by One Link Mortgage & Financial, please visit www.winnipegregionalrealestateboard.ca/community/market-insights
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.