Condominiums reach highest February average price as other results lag behind 2025
Winnipeg, March 5, 2026 – Residential detached average prices in February 2026 were statistically even with February 2025 while MLS® sales of 489 decreased 11% when compared to last year. Condominium average prices rose 4% to $284,086 and MLS® sales decreased 24% from February 2025. All MLS® 1 sales of 786 in February 2026 were down 11%, active All MLS® listings of 2,563 were down 8% and total MLS® dollar volume of over $314 million was down 10% from February 2025.
“Condominiums reached their highest February average price on record while residential detached average prices were statistically even with 2025,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales in 2026 have lagged behind 2025 so far but are tracking more in line with 2024, a trend I expect to see continue this year. In an environment with less choice among other property types, residential attached homes have seen increases across MLS® sales, listings, volume and average prices to start the year. With the spring market season approaching, I expect we’ll start to see market activity and inventory levels increasing soon.”
Year-to-date All MLS® sales of 1,405 through to the end of February 2026 were down 12%, total MLS® listings of 2,647 down 11% while total dollar volume of over $552M was down 9% from 2025. Year-to-date residential detached MLS® sales of 856 were down 14% and the average price of $445,448 was up 2% when compared to last February. Condominium MLS® sales of 210 were down 21% and the average price of $280,331 was up 6% above last year.
“What was clear from the presentations at the Winnipeg Regional Real Estate Board’s 2026 Market Insights event last month is that a lack of housing supply is having a noticeable impact on residential real estate markets across Canada,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “While this is currently true in our market region, the spring market season is around the corner, and it typically brings more choice to the marketplace. If you’re considering a move into the real estate market this spring, now is a great time to build a plan with a REALTOR® to get your current house ready for sale or to ensure you’re positioned when your dream home becomes available.”
ABOUT THE WINNIPEG REGIONAL REAL ESTATE BOARD
Serving Members since 1903, the Winnipeg Regional Real Estate Board is one of Canada’s longest running real estate board, serving over 2,500 licensed residential and commercial real estate Brokers and Salespersons, along with other industry-related professions. REALTOR® Members of the Winnipeg Regional Real Estate Board utilize the Multiple Listing Service (MLS®) to put the housing market in perspective for those looking to buy or sell a home. REALTORS® can explain market insights, price trends, provide comparable property analysis and housing trends. To find a REALTOR® or to view a map of MLS® listings, visit www.winnipegregionalrealestatenews.com.
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Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
1 – The All MLS® statistical category is an aggregate of all property types.
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Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board
media@wrreb.ca
Office: 204-786-8857