Average house price in Manitoba, Canada 2018-2023, with a forecast by 2025

The average house price in the Canadian province of Manitoba in 2023 stood at 348,689 Canadian dollars. In the next two years, the house prices in the province are forecast to rise slightly, reaching 361,782 in 2025. Compared to other provinces, Manitoba was below the average for the country.

Manitoba: key facts

Manitoba is a mid-sized Canadian province in terms of population and located between Saskatchewan, Nunavut and Ontario. However, its population had been trending upward since 2000 and shows no signs of slowing down. This suggests that demand for housing is also on the rise, which may explain the forecasted prices increases in the region.

Affordability in Manitoba

Weekly earnings of both salaried and hourly employees have also been on the rise in the province since 2001. Although the increase for salaried employees has been larger than for hourly employees. Nonetheless, this means that Manitobans have more money to save for and spend on buying a home. The number of housing starts in the province have varied over the past years.