Manitoba rec property prices expected to rise
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Vacation home prices are expected to rise this year, according to Royal LePage.
The real estate company released its annual Spring Recreational Property Report on Thursday. The report forecasts the median price of a single-family home in Manitoba’s recreational regions will increase 5.5 per cent year over year in 2026 — 1.5 per cent more than the national average.
The weighted median price of a single-family home in Manitoba increased 4.6 per cent year over year in 2025 to $281,400, according to the report. Meanwhile, the median weighted median price of a single-family, waterfront property increased 5.7 per cent year over year to $477,400 during the same period.
“Several years have now passed since the gold-rush (COVID-19) pandemic era that saw recreational property prices rise at a record pace,” Phil Soper, Royal LePage’s chief executive, said in a news release.
“Today, the market has moderated with low single-digit price appreciation becoming the norm in most regions.”
Half of Royal LePage recreational property market experts in Manitoba and Saskatchewan said the average days on market has decreased since this time last year.
— staff