Manitoba real estate prices: the provincial benchmark, dated and sourced

Manitoba indicators — July 2026

These four figures come from the same monthly release, published by the board and relayed by CREA. All of them are dated July 2026: that is the exact period, not a rolling average.

Period: July 2026. Source: CREA — Manitoba Real Estate Association.

What the inventory says

At 2.2 months of inventory (against 1.9 a year ago), Manitoba is a seller's market. The board convention, the same one our data server applies: under 4 months = seller's, 4 to 6 = balanced, over 6 = buyer's.

Months of inventory answers a simple question: at the current pace of sales, how many months would it take to clear everything on the market? It is the most reliable read on the balance of power — well ahead of price, which reacts several months late. Here it is rising.

How to read this market

Manitoba combines two movements that usually contradict each other: sales are falling (−7.2% year over year) while prices are still rising (+3.2%). Supply explains it — 2.2 months of inventory against 1.9 a year earlier: the stock is rebuilding, but from so low a base that it stays far under the four-month mark. Buyers have marginally more choice than in 2025, without the balance of power having shifted.

Borrowing costs remain the main driver: see our policy-rate dossier for current rates and the Bank of Canada's decision calendar.

The main market in Manitoba

The price shown is the one the board publishes for its own scope — which does not always match municipal boundaries.

Three provinces, three markets

Manitoba, Nova Scotia and New Brunswick all publish a provincial figure rather than a price by city. Side by side, they do not tell the same story — and price alone would not reveal it.

Every row carries its period: boards do not publish in the same month. Comparing prices without comparing dates is the first way to get it wrong.

What it actually costs to buy in Manitoba

The listed price is not what you sign for. On purchase, the land transfer tax is added in cash: 0% ≤ $30,000 · 0.5% to $90,000 · 1.0% to $150,000 · 1.5% to $200,000 · 2.0% above. On a $500,000 home that comes to roughly $7,650, payable at closing and not financeable in the mortgage.

First-time buyer: No major provincial rebate. Federal HBTC $1,500. The detail for all ten covered jurisdictions, with the official schedules, is in our closing-costs dossier — and the deed itself is signed by a lawyer or notary.

Payotte coverage in Manitoba

Payotte tracks 6 sectors in Manitoba and publishes 28 verified professionals there — one per sector and profession, never two. Every profile shows the score criterion by criterion, the licence number when the professional supplied it, and a link to the official register: do not take our word for it, check.

• Winnipeg
• The whole province

The method, and its limits

Where the figure comes from. The composite HPI benchmark, sales, active listings and months of inventory are copied from the CREA — Manitoba Real Estate Association release for July 2026. Payotte recomputes nothing and estimates nothing: if the board does not publish a figure, it does not appear here.

Why the HPI rather than the average price. The average moves as soon as the mix of sales changes — a month with more luxury homes pushes it up without any single property gaining value. The HPI tracks a typical home at constant characteristics: it is the only one of the two that really answers "is it going up?".

Why this dossier does not compare cities. Manitoba has a single tracked market in our data. A one-row "price by city" table would teach nothing. Our Ontario, Alberta, British Columbia and Saskatchewan dossiers use the comparative shape, because the data allows it.

Freshness. This page is regenerated on every build (last generated August 11, 2026) and the provincial figure is revisited with each monthly release. The same data feeds our open feed.

Frequently asked questions