Affordability and Variety Makes Ownership an Option
Although Winnipeg enjoys an active real estate market, the city still has affordable real estate and a variety of housing stock.
Though prices in Winnipeg, much like the rest of Canada, have been on the rise, the increase in prices have been driven by normal supply and demand, and not by speculative inflation. For that reason, purchasing a home in the city is an affordable and achievable option.
Winnipeg enjoys one of the most diverse housing markets in Canada, with homes ranging from brand new, to previously unoccupied houses to charming older homes surrounded by large trees in established neighbourhoods.
The price of a home varies depending on the area of the city, but all sell for well below the national average price. According to the Canadian Real Estate Association (2008), the average selling price of a single dwelling home in Winnipeg is approximately $196,845. The average home sells for $404,900 in Calgary, $589,933 in Vancouver and $378,956 in Toronto.
Related Housing Information
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Apartment Vacancy Rate Comparison
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Average House Prices - CMA Comparison
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Average House Prices - Winnipeg and Canada
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Average Housing Prices by Metro Area
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Average New Dwelling Unit Selling Prices
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Average Rent for Two Bedroom Accommodation - CMA Comparison
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New Housing Selling Prices by Metro Areas
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Vacancy & Rental Rates - Winnipeg
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Vacancy Rate and Average Rent - Winnipeg CMA
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International Housing Affordability Ratings