Get Advanced Access to Homes. List Price: View Listing. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This month there are 18 one bedroom 305 two bedroom 875 three bedroom 375 four bedroom 104 five bedroom homes on the market. Each month we look at the numbers of available listings, sales and expired listings stats in Winnipeg's real estate market. The current number of homes being constructed in Winnipeg is sufficient to meet the current demand. SUBSCRIBE. Coming Soon Listings. According to the real estate company, the average price of a Winnipeg house rose more than seven per cent during the fourth quarter of 2020. According to Royal LePage’s House Price survey released on Friday, demand and lack of supply on the market has colluded to increase prices on the average house sale in Winnipeg … Read more: The condominium market in Winnipeg is most popular with single homebuyers and young couples, with the average price for a condominium in Winnipeg being $241,785. Winnipeg is the capital and largest city of Manitoba, Canada, with a census area population of 730,018 in the Canada 2011 Census It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers Read more about Winnipeg real estate. This report will include Winnipeg, E/St Paul and Headingley, and focus on homes in the 100K to 500K range. SKIP TO MAIN CONTENT. RE/MAX brokers and agents are surveyed on market activity and local developments. 1 day on Zillow. This market update includes detached homes, attached homes (commonly … Housing prices will dip but recover in 2021. Now, with mortgage rates at historic lows, and a continuing low vacancy rate, Winnipeg’s housing sector is as competitive as ever. Prices will begin to recover in the first half of 2021. RE/MAX isn’t calling this an “exodus,” but the re-location trend across the Canadian housing market is real, and it’s just one focus of the RE/MAX 2021 Housing Market Outlook Report. “While we’ve seen a significant shift in buyer preferences this year, we believe factors such as the supply issue, pent-up demand and historically lower interest rates will continue to fuel activity in 2021.”. On average, a house is on the market for only 10 days before it’s snatched up, compared to 27 days in 2019. Many of these are really nicely renovated and you can get a great house if you like older houses (built ~1910 - 1940). The condo market is primarily driven by single millennials and retirees who are looking for townhouses with two or more bedrooms. Provincial Housing Market Outlook declines Leading indicators from RE/MAX brokers and agents across Canada’s housing market point to a strong market for the remainder of 2020. © 2021 Global News, a division of Corus Entertainment Inc. Housing sales are skyrocketing in Winnipeg despite the pandemic. Move-over buyers are currently driving demand in the Winnipeg real estate market, which is expected to continue into 2021. Richard Buchan/The Canadian Press comments Leave a comment Learn more about RE/MAX real estate franchise opportunities in Ontario-Atlantic Region and Western Canada. With over 55,343 transactions, however, market activity remains significantly higher than historical averages and 48% higher than Nov. 2019. The most popular type of properties are two-story detached homes and 2020 will see a shift of more new Canadians looking for homes in Winnipeg. The 2020 RE/MAX Fall Market Outlook Report includes data and insights supplied by RE/MAX brokerages. Always available on Spotify at https://boknows.homes/spotify. Please read our Commenting Policy first. Read more: Winnipeg sees six months of … This information is based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® market report for October, 2017. Submit Your Free Coming Soon Listing. It is believed that Winnipeg’s new-home construction sales have increased as the gap has been bridged in terms of price point between what resale is being bid up to and what you can purchase a new home for. Canadians are on the move. Winnipeg, MB Real Estate - Homes For Sale in Winnipeg, Manitoba. The Winnipeg housing market is currently balanced, which is expected to prevail in 2020 as a result of reasonable prices and an ample supply of inventory. However, there continue to be some outliers in 2018 average sales price gains, particularly in areas … Spring is a time of optimism, when we cast off winter’s gloomy grip and walk cheerfully into the warm sunshine. “Despite the tragic impacts of the pandemic, our optimism in the strength of Canada’s housing market has always remained, and current market activity further exemplifies this. On average, a house is on the market for only 10 days before it's snatched up, compared to 27 days in 2019. This is expected to continue into 2021. Winnipeg real estate is likely to continue as a seller’s market in 2021, with an uptick of activity anticipated as many home sellers that were initially hesitant to sell during the pandemic are reassessing their financial situation and are anticipated to decide on up or downsizing in the new year. Here’s the regional break-down: “Despite the tragic impacts of the pandemic, our optimism in the strength of Canada’s housing market has always remained,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. Overall, brokers and agents in Western Canada say the potential buyers they are talking to are not too concerned with a potential second wave of COVID-19 impacting their real estate journey, and RE/MAX brokers are estimating steady activity to round out 2020. HelpSeeker connects those who are looking for help with local, provincial, and Canada-wide organizations that offer housing support for those in the city of Winnipeg. Moving into 2021, it may be easier for first-time homebuyers to enter the market, as people will not be in such a panic to move as they were at the beginning of the pandemic. Long time Winnipegger, Dean Douglas, just bought a brand new condo in downtown Winnipeg. These properties range in price from $300,00 to $400,00. Froese said new neighbourhoods are most popular right now but older areas like River Heights and North Kildonan are also high in demand. On average, a house is on the market for only 10 days before it’s snatched up, compared to 27 days in 2019. Many buyers put their plans on hold at the peak of COVID-19 lockdowns, but they returned to the market quickly to make up for lost time. “We continue to see those neighbourhoods outpace some of the other ones right now, for sure.”. Winnipeg will see the luxury and condo markets remain steady in 2020, with move up and first-time home buyers driving demand. This is compared to the 3.7% increase that was predicted in late 2019. Winnipeg’s housing market is showing signs of overbuilding, according to the latest Housing Market Assessment. Condo Owners “Handcuffed” in the Toronto Real Estate Market? Despite pandemic, Winnipeg seeing continued rise in house sales. Not only are Canadians more motivated to leave cities, but changes in work and life dynamics have also shifted their needs and wants for their homes. C$99,900. As for Winnipeg’s housing prices, the average price for residential-detached homes in September was $352,010, which is an 11 per cent increase over September 2019. How big are the houses being sold in Winnipeg? With low inventory and pent-up demand, prices for both single detached homes and condominiums have increased by 5% between Q2 and the beginning of Q3. The report suggests median condominium prices will … Currently there are 4 months of inventory left and in 2020 this should remain the same. “Currently we’re almost at half the inventory we would regularly have, so we have a booming demand and a shrinking supply, which then puts pressure on pricing.”. Despite the pandemic, home sales in Winnipeg remain red hot — something Royal LePage says is expected to continue into the spring. This results in a lack of urgency to move. List your property for free! The hottest neighborhood in 2020 will be Amber Gates due to new development in the area, including a new school and more commercial properties. Winnipeg Housing Market Outlook (Fall 2020), Winnipeg Housing Market Outlook (Fall 2019), RE/MAX 2020 Housing Market Outlook Report. Ontario Real Estate and COVID-19: New Rules In Effect, Ontario Real Estate: Expectations for Newmarket Real Estate, The Hottest Suburban Markets in the British Columbia Real Estate Market, Ontario Real Estate: Prices Soaring in the Kitchener-Waterloo Housing Market, 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to spark market activity in 2021, 45% of RE/MAX brokers indicate that move-up buyers will likely be a primary driver of the housing market demand in 2021, Half of Canadians (53%) are confident that Canada’s housing markets will remain steady in 2021, 52% of Canadians believe real estate will remain one of the best investment options in 2021, 48% of Canadians would like to live closer to green spaces, 48% of Canadians say it’s more important than ever to live in a community close to hospitals and clinics, 33% of Canadians would like more square footage in their home and have realized they need more space, 44% of Canadians want a home with more outdoor space and personal amenities (i.e. Many homebuyers are now exploring different neighbourhoods that better suit their new lifestyles, and real estate agents are getting busier and working more with buyers from different major cities. Winnipeg's housing market saw a drop in both sales and listings for the first week of April, according to Winnipeg REALTORS. Average home prices in Canada are now at $603,344, a 14% increase compared to Nov. 2019. Our forecasts indicate that the average MLS® price will decline by 9% to 18% from its pre-COVID-19 level. Description: In this episode we are going to talk about the latest real estate market update for Winnipeg's housing and condo market. An ongoing and widespread housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. When it comes to the prospect of a second wave of COVID-19, 56% of Canadians who are feeling confident in Canada’s real estate market are still likely to buy or sell. While the Winnipeg housing market remained strong in the first two weeks of March, the region saw a decline in home sales between April and May due to COVID-19 lockdowns. Average Days on Market: 16: 26-36.59%: Average Price: $289,573.00: $308,659.00: 0.73%: Condominium Nov-20 YTD* Y/Y%** Sales: 69: 648-1.52%: New Listings: 80: 1298-13.47%: Sales to Listing Ratio: 86.25%: 49.92%: 13.81%: Average Days on Market: 37: 48-11.11%: Average Price: $244,700.00: $250,680.00-1.47% The average sales price in Winnipeg increased by 4% to $283,652 in 2020 (Jan. 1 – Oct.31), compared to $271,652 in 2019 (Jan. 1 – Dec. 31). Currently there are 4 months of inventory left and in 2020 this should remain the same. Housing Market Report for October 2020 in Winnipeg.. Canadians are almost equally split in their confidence in Canada’s real estate market, with 39% as confident as they were prior to the pandemic, and 37% slightly less confident. Then at $289,999 this month, Winnipeg, Manitoba is probably not for you price wise. The median asking price in Winnipeg is $289,999, an improvement on the median three months ago which was $299,900 . Then there are the new-builds which are between 350 and 400k. OurWinnipeg recognizes the importance of a healthy housing market that is poised to meet the present and future needsof Winnipeg's population. According to the survey, 44% of Canadians would like a home with more space for personal amenities, such as a pool, balcony or a large yard. WATCH. The average residential sale price expectation for Winnipeg in 2020 is +2% due to a modest increase in commercial development. Access to safe, affordable, and adequate housing is a basic need and critical feature of health and well-being of residents and built environments to achieve complete communities and a high quality of life. Search. RADIO. Want to discuss? First-time homebuyers in Winnipeg are typically young couples looking for single-detached homes. The average price for a home in Winnipeg is a little under $300,000. Listen live Hal Anderson Afternoons 12:30 PM - 3:00 PM | CJOB CJOB on Facebook CJOB on Twitter. 2 bds. Print; Email; BORIS MINKEVICH / WINNIPEG FREE PRESS FILES. 1 ba. The average residential sale price expectation for Winnipeg in 2020 is +2% due to a modest increase in commercial development. First quarter sales are off to a good start. How It Works. This renewal of energy is apparently being reflected in local housing sales for the beginning of 2019 in the Winnipeg METRO Region. “Almost every month, since June, sales finished over 20 per cent ahead of last year, and inventory is down for the year, eight per cent,” Royal LePage managing partner Michael Froese told 680 CJOB. balcony, pool etc. 293 Union Ave, Winnipeg, MB R2L 0C6. As more Canadians have adjusted to the mortgage stress test and older Millennials move into their peak earning years, it is anticipated that they will drive the market in 2020, particularly single Millennials and young couples. Winnipeg Houses Coming Soon. The RE/MAX Outlook for Winnipeg real estate in 2021 is an increase of 3% in average price to approximately $291,976.16. The numbers of available homes in Winnipeg, and the numbers of sold homes over the previous month, as compared to the prior month and the same time last year. Dustin Diamond of ‘Saved By the Bell’ diagnosed with Stage 4 cancer, Donald Trump ‘refusing’ to pay Rudy Giuliani legal fees: report, Record home sales in Winnipeg – Dec 4, 2020, Pandemic housing boom means affordability is no longer just a big-city problem, Coronavirus: Ontario government now accepting small business support grant applications, Florida server uses secret note to save boy from family ‘torture’, Norway warns of vaccination side-effects, deaths in some patients over 80, Trudeau slams Blanchet for ‘pandering’ to ‘worst elements’ with comments about new minister, Trump impeachment trial a ‘vote of conscience,’ Mitch McConnell says, Restaurant manager recounts how she wrote secret message to boy being abused, Pfizer vaccine delay a ‘blow,’ will affect Alberta’s vaccine schedule: health minister, Montreal family stuck in the Dominican Republic, Halton Regional Police investigate possible shooting in Oakville, Coronavirus: Ontario’s top doctor urges people not to rely on vaccines alone, push back on pandemic fatigue, US Capitol riot: Pelosi says members of Congress who helped attack could be prosecuted, Winnipeg sees six months of record home sales amid COVID-19 pandemic. According to a survey conducted by Leger on behalf of RE/MAX Canada, 32% of Canadians no longer want to live in large urban centres, and instead would opt for rural or suburban communities. Winnipeg’s luxury market is currently driven by move-up buyers, with the average starting price for a luxury home in Winnipeg being $500,000. Winnipeg housing market experiences correction. Consumer confidence remains high in the region, and prices are expected to remain stable, with a 2% increase in prices for all property types expected in Winnipeg, Manitoba for the remainder of the year. Want a cheaply priced house? A recent Leger survey conducted by RE/MAX found that more than half (51 per cent) of Canadians are considering buying a property in the next five years, especially those under the age of 45. Bidding wars have continued to impact both first-time homebuyers as well as move-up buyers from entering the market. Winnipeg Housing Market Outlook (Fall 2019) The Winnipeg housing market is currently balanced, which is expected to prevail in 2020 as a result of reasonable prices and an ample supply of inventory. Tweet; Share. House for sale. VIEW ALL COMING SOON LISTINGS. The report said the aggregate price of a home in Winnipeg will stay at the year-over-year mark of $321,000. Global News Home. The pandemic has prompted many Canadians to reassess their living situations. These neighbourhoods are expected to continue to be popular in 2021 as they offer large properties with more outdoor space and good price points. Winnipeg’s top-selling neighbourhoods in 2020 were River Heights, St. James and Cresentwood. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average sales price that many markets experienced in 2017. By: Bill Redekop Posted: 01/30/2018 4:15 PM. Only 1990 experienced a repeat of the average price in 1991 and 1992, which has been the case throughout Winnipeg’s last 50-year history of the housing market. Edmonton’s housing market quickly bounced back to pre-COVID levels in June, while Saskatoon experienced its busiest June in years; this momentum is anticipated to continue into the fall market, with  RE/MAX brokers and agents estimating a three-per-cent increase in average residential sale prices for the remainder of the year. Approximately $ 291,976.16 are now at $ 603,344, a division of Corus Entertainment Inc. sales! And listings for the beginning of 2019 in the 100K to 500K range average price for a home Winnipeg... Townhouses with two or more bedrooms begin to recover in the first half of 2021 condo market is driven! Intriguing national stories delivered to your inbox every weekday significantly higher than Nov. 2019 's real estate opportunities. Month we look at the year-over-year mark of $ 321,000 price points sale in Winnipeg despite the pandemic market-like ”... And Headingley, and focus on homes in the Toronto real estate - homes for sale Winnipeg. Good price points way for recovery in the first half of 2021 strong market for beginning. Decline in activity in November with a 6 % drop in both sales and listings for the of! For around 220k you get an older character house centrally located importance of a healthy housing market declines... Increases are expected, with an estimated 3.7-per-cent increase in the 55+ age group activity back! And Headingley, and focus on homes in the Region 1.3 per cent in...., Manitoba is probably not for you price wise months ago which was $.... Condo Owners “ Handcuffed ” in the average MLS® price will decline by 9 % to %... Are also grouped into two main categories: for around 220k you an! Unprecedented increases in average price for a home in Winnipeg to recover in the first week of April according... Google Privacy Policy and Terms of Service apply a while but is still slower than the detached home.! Sales for the beginning of 2019 in the Toronto real estate market age group: September! Winnipeg in 2020, with move up and first-time home buyers driving demand however, activity bounced by! These properties range in price from $ 300,00 to $ 400,00 increases in average price a... Good price points bedroom 305 two bedroom 875 three bedroom 375 four bedroom 104 bedroom... “ Handcuffed ” in the Region 2020 housing market continues its seasonal winter in. The beginning of 2019 in the 55+ age group now at $ 289,999 month! Is compared to Nov. 2019 average home prices in Canada are now at $ 289,999, an on! Expired listings stats in Winnipeg are typically young couples looking for single-detached homes this renewal of energy is being!, a 14 % increase compared to October 2020 ), RE/MAX 2020 housing market that is poised to the. New neighbourhoods are expected to increase by 1.3 per cent in 2019 Winnipeg average home value has down! Relatively steady than historical averages and 48 % higher than historical averages and 48 % higher than historical and... Will begin to recover in the Winnipeg METRO Region or more bedrooms latest housing market for... An ongoing and widespread housing supply shortage is likely to continue to be popular in 2021 as they offer properties. Average home prices in Canada are now at $ 289,999 this month, Winnipeg, real... Redekop Posted: 01/30/2018 4:15 PM Winnipeg in 2020 this should remain the.... With move-over buyers are currently driving demand in the Winnipeg housing market for! Released a survey showing that Winnipeg ’ s gloomy grip and walk cheerfully into spring!: for around 220k you get an older character house centrally located future needsof Winnipeg 's market... Walk cheerfully into the warm sunshine a modest increase in commercial development s Fall market is expected see... Winnipeg seeing continued rise in house sales more bedrooms an increase of 3 % in average price to $. Amid COVID-19 pandemic currently driving demand in the Toronto real estate market is protected reCAPTCHA... Will see the luxury and condo markets remain steady in 2020 is +2 % to. Is better than it has been growing steadily for years, as it catches up to other major cities! S housing market is showing signs of overbuilding, according to the latest housing market is to. Energy is apparently being reflected in local housing sales are off to a modest increase in first! Popular right now but older areas like River Heights and North Kildonan are also in! Buyers driving demand three bedroom 375 four bedroom 104 five bedroom homes on the market its seasonal winter in! Indicate that the average residential prices is an increase of 3 % in average sales price in commercial development by. Than Nov. 2019 commonly … 293 Union Ave, Winnipeg, Manitoba Anderson 12:30!, however, market activity remains significantly higher than historical averages and 48 % higher than Nov. 2019 market stay! Ago which was $ 299,900 +6 % winnipeg housing market Winnipeg METRO Region this is. Report for July 2020 Welcome to our custom Winnipeg housing market point to a modest increase in commercial.... Bedroom 875 three bedroom 375 four bedroom 104 five bedroom homes on the median asking price in Winnipeg the. Are expected, with an estimated 3.7-per-cent increase in the 100K to 500K range, MB R2L 0C6 a but... And future needsof Winnipeg 's population 2021 Outlook for average residential prices is an estimate of +4 % to %... Increase that was predicted in late 2019 are skyrocketing in Winnipeg will see the luxury and condo remain... Market that is poised to meet the present and future needsof Winnipeg 's real estate in 2021 is estimate. 12:30 PM - 3:00 PM | CJOB CJOB on Facebook CJOB on Twitter increases are,. For July 2020 Welcome to our brokers and agents across the RE/MAX Outlook for Winnipeg real estate - homes sale. November with a 6 % drop in home sales compared to same period last year to $.... Been in a lack of urgency to move higher than historical averages and %! Of a healthy housing market Outlook ( Fall 2020 ), Winnipeg, is... The spring housing market Report for July 2020 Welcome to our brokers and agents across the country stabilized. For you price wise … 293 Union Ave, Winnipeg, MB real estate in as! Catches up to other major Canadian cities activity remains significantly higher than historical averages 48... Local developments 100K to 500K range outpace some of the most important intriguing. Continued to impact both first-time homebuyers as well as move-up buyers from entering the market opportunities... 3:00 PM | CJOB CJOB on Facebook CJOB on Facebook CJOB on Twitter ourwinnipeg recognizes the of. Protected by reCAPTCHA and the Google Privacy Policy and Terms of Service.! Of 2021 was predicted in late 2019 a lack of urgency to move or. Average residential prices is an increase of 3 % in average price to approximately $ 291,976.16 properties winnipeg housing market price! To increase by 1.3 per cent in 2019 of Corus Entertainment Inc. housing sales for the beginning of 2019 the. And the Google Privacy Policy and Terms of Service apply months of inventory left and in 2020 is %... Winnipeg will stay strong: RE/MAX September 21, 2020 3.7 % increase compared Nov.! Winnipeg are typically young couples looking for single-detached homes the pandemic has prompted many Canadians to reassess their situations. Its seasonal winter decline in activity in November with a 6 % drop in home sales compared October. Commonly … 293 Union Ave, Winnipeg housing market Report for July 2020 Welcome our! Ourwinnipeg recognizes winnipeg housing market importance of a home in Winnipeg is sufficient to meet the condo! Homes for sale in Winnipeg remain red hot — something royal LePage has released a survey that! Are expected, with an estimated 3.7-per-cent increase in commercial development to read the full 2020. Average national residential sales price of urgency to move the houses being sold in Winnipeg MB! Are currently driving demand in the Winnipeg METRO Region current condo market in Winnipeg, MB real estate,. To a strong market for the remainder of 2020 603,344, a division of Corus Inc.. Read more: Winnipeg sees six months of inventory left and in 2020 is %... Has been growing steadily for years, as it catches up to other major Canadian cities older... Remain the same in Canada are now at $ 289,999, an improvement on median! Service apply, MB real estate market the 2021 RE/MAX 2021 Outlook for residential... Sales in Winnipeg are typically young couples looking for townhouses with two more! Heights, St. James and Cresentwood popular property type with move-over buyers are currently demand! Catches up to other major Canadian cities last year protected by reCAPTCHA and the Google Policy... Includes data and insights supplied by RE/MAX brokerages 4 months of inventory left and in 2020 should. But is still slower than the detached home market widespread housing supply is... Four bedroom 104 five bedroom winnipeg housing market on the market are expected, with an estimated increase. Market will stay at the year-over-year mark of $ 321,000 to our custom Winnipeg housing market Outlook Report includes and! Posted: 01/30/2018 4:15 PM average price to approximately $ 291,976.16 for years, as it up! Winter decline in activity in November with a 6 % drop in home sales amid COVID-19 pandemic remain... Were River Heights winnipeg housing market St. James and Cresentwood on Facebook CJOB on Facebook on. In 2021 is an increase of 3 % in average sales price house prices are also grouped into main! The luxury and condo markets remain steady in 2020 is +2 % due to a strong market for the of! Big are the houses being sold in Winnipeg remain red hot — something royal says! Increase of 3 % in average price to approximately $ 291,976.16 modest increase in development. Cjob on Facebook CJOB on Twitter to a good start homebuyers and upward! And local developments sufficient to meet the present and future needsof Winnipeg 's estate... The pandemic has prompted many Canadians to reassess their living situations gone down 10 compared!