A Winnipeg Real Estate Market Update: December 2025
An excerpt from our most recent Newsletter. Want to sign up to receive these newsletters on a monthly basis? Sign up is in the Website footer below!
We decided to mix it up with some brazen predictions… We promise to keep this live so you can come back to laugh in our faces… but we are pretty confident!
Our Predictions for Winnipeg’s 2026 Housing Market (And Why We’re Feeling Optimistic)
Spoiler alert:
2026 looks a lot like 2025…
just a touch bolder, faster, and more confident.
Let’s dig into what we’re seeing.
Interest Rates: The Spark That’s Already Lighting the Fuse
We’re heading into the new year with interest rates on a gentle downward trend, very similar to the momentum we felt at the tail end of 2024.
If you remember, the Bank of Canada lowered the overnight rate by a full percentage point between September and December of that year — a move that woke buyers up fast.
In 2025, we didn’t see those same dramatic drops, but we did settle into a comfortable 0.5% decrease, and Winnipeg buyers proved something important:
They react quickly to rate changes.
Confidence increases. Activity increases. And conversations about timing get a lot louder.
We expect 2026 to bring more of that same reaction.
Where We Stand: Winnipeg Housing Prices in 2025
Here’s where the market sits heading into the new year, based on the latest stats (to the end of October):
In simpler terms:
Manitoba saw almost 6% growth across the board.
No small feat — and another signal that Winnipeg’s housing market continues to show resilience, even when other provinces feel shakier.
Early Queen Team Indicators: 2026 Is Looking Like a Seller’s Market
We’re seeing it already in conversations, showing traffic, and the urgency clients are bringing to us:
2026 is gearing up to be a strong Seller’s market.
Our current prediction?
April 2026 may be one of the hottest selling months of the entire year.
But a hot market is a double-edged sword.
If you’re also buying in April…
May the real estate gods be ever in your favour.
Strategy will matter.
Preparation will matter.
And those bidding wars?
Expect them to bite.
A Big Shift: Buyers Have Adjusted to the “New Normal” of Rates
This is one of the most fascinating behavioural changes we noticed in 2025.
When five-year rates lived in the 4’s, that became everyone’s comfort zone. It became the baseline. The expected norm.
So now, even a modest drop from that range sparks movement — fast movement.
And heading into 2026, we’re seeing far more consumer confidence than we did a year earlier.
Our Official Queen Team Prediction: +6% in 2026
Call us optimists — but the indicators are lining up beautifully.
We’re forecasting a 6% increase in the market for 2026 — just slightly stronger than 2025’s overall growth.
This prediction isn’t based on vibes.
(Though we do trust our gut… and our spreadsheets.)
It’s grounded in:
2025’s month-by-month behaviour
Current list-to-sale ratios
What our buyers are prioritizing
The strategies clients are bringing to us
Increasing mortgage affordability
Exceptionally low inventory
How Winnipeg historically responds to rate drops
Put simply:
Opportunity is coming — and quickly.
Bottom Line: 2026 Looks Promising, Busy, and Full of Possibility
And if you know The Queen Team, you already know:
we love busy.
If you’re thinking about selling, buying, or strategizing around timing, we’re here for you.
Reach out anytime at Hello@QueenTeam.ca — we’re always happy to chat.
This Month’s Lowest Mortgage Rates
(As of time of writing — and likely to change soon)
3-year fixed: 3.89%
5-year fixed: 3.99%
3-year variable: 3.90%
5-year variable: 3.50%
If you need a mortgage referral, we know some fantastic people.
Got Feedback? We'd Love to Hear It!
Comments, concerns, or topics you'd like us to cover in our next newsletter? Let us know! Email us at Hello@queenteam.ca—we’d love your input!
Jennifer Queen
Phone: (204) 797-7945
Email: Jennifer@QueenTeam.ca