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Compare mortgage rates in Winnipeg.

Borrowers in Winnipeg continue to enjoy extremely low mortgage rates. Banks and brokers in the city are competing hard for new business right now, which puts homebuyers in the driver’s seat when they’re shopping for a loan. Remember, you can see all the lowest mortgage rates in Winnipeg right here at LowestRates.ca.

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Winnipeg housing.

'Stable' is probably the defining word when it comes to Winnipeg real estate. Overall existing home sales in the city fluctuated approximately 1% in 2016, and that trend is likely to remain intact in 2017. Prices have inched up on the year but gains have been very modest, with the average Winnipeg resale home fetching just above $287,000.

Many forecasters, including the Canada Mortgage and Housing Corporation (CMHC), see Winnipeg home prices edging higher in the next couple of years as a flood of first-time buyers enters the market.

Average Home Prices in Winnipeg.

DateHome Prices
01/14$273,576
03/14$270,410
05/14$272,985
07/14$272,012
09/14$272,598
11/14$274,190
01/15$271,727
03/15$274,139
05/15$274,343
07/15$282,924
09/15$281,799
11/15$283,659
01/16$282,987
03/16$280,724
05/16$278,648
07/16$281,000
09/16$287,500

According to the CMHC, new home prices in Winnipeg are also expected to increase this year, driven in part by low mortgage rates, limited inventory, and positive net migration. New home prices in Winnipeg have seen decent gains over the past five years, and now average around $450,000.

New Home Prices in Winnipeg, Single-Detached

YearPrice
2011$394,958
2012$402,463
2013$420,456
2014$438,211
2015$443,000
2016$450,000

About Winnipeg.

With over 700,000 residents, Winnipeg is home to more than half of Manitoba's population. The city is also home to the world class Winnipeg Symphony Orchestra and Canada's oldest ballet company, the Winnipeg Royal Ballet. Residents and visitors alike can also enjoy the many impressive visual arts collections housed in the city.

It's culturally diverse too. Winnipeg has the highest Filipino population of any municipality in Canada according to Statistics Canada, and the highest percentage of Aboriginal people in any major Canadian city. Tourism Winnipeg promotes the town as a "bustling cosmopolitan city with plenty of small town charm and a proud aboriginal heritage."

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