City home prices forecast to rise modestly next year
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Winnipeg’s average home price will rise modestly by the end of next year, Royal LePage forecasts.
The agency predicts the city’s typical house price will land at $419,195 by the end of 2026 — up 1.5 per cent from the $413,000 estimated for 2025’s fourth quarter. Royal LePage released its latest market survey report Tuesday.
Single-family detached homes are expected to jump two per cent — to $462,264 — year-over-year, while condos are slated for a one per cent rise, to $274,720.
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Royal LePage’s latest market survey report released Tuesday predicts Winnipeg’s typical house price will be $419,195 by the end of next year — up 1.5 per cent from the $413,000 estimated for 2025’s fourth quarter.
The marketplace will likely be “less intense” than this year, said Michael Froese, a managing broker with Royal LePage.
“We don’t have the urgency we did in 2025 — Trump with his looming tariffs,” Froese said.
Still, multiple offers — or bidding wars — are sure to continue. Some prospective homeowners placed bids $100,000 over asking to get the houses they wanted this year.
Inventory is the lowest it has been since 2021. The number of homes available won’t drastically increase in the near-term; permits, zoning and construction all take time, Froese said.
Meanwhile, interest rates have stabilized and unemployment remains low. Immigration has slowed.
“Put that into a blender, and what you get is a market that’s going to probably follow the seasonal norms,” Froese said.
He’s noticed Canadians moving to Winnipeg after being priced out of their own cities. Royal LePage forecasts home prices to drop in Vancouver and the Greater Toronto Area in 2026. On average, prices will decrease 3.5 per cent and 4.5 per cent, to $1.14 million and $1.05 million, respectively.
— staff