What is HAPPENING in the Winnipeg Real Estate Market in 2025?
A snippet from our most recent Newsletter. If you would like to be added to our newsletter list, please reach out to us at Hello@QueenTeam.ca!
Trump, Tariffs, Interest Rates & the Winnipeg Market: What’s Really Happening?
There’s no sugarcoating it—uncertainty is in the air. Between tariff talks, economic policy shifts, and fluctuating interest rates, we’re definitely sensing nerves in the market.
Recently, Derek Holt, Vice President and Head of Capital Markets Economics for Scotiabank, gave a presentation to local Realtors and didn’t hold back: a tariff war would hit Canada’s economy hard. However, his key takeaway? The U.S. wouldn’t escape unscathed either.
Holt framed much of this as political theatre, arguing that the repercussions of these tariffs would boomerang right back onto the U.S. He believes much of it is posturing—meaning, while it’s worth watching, it’s certainly not time to panic.
Meanwhile, in Winnipeg… The Market Marches On.
Despite all this, Winnipeg’s real estate market is showing no signs of slowing down. Some real-world examples from just this past week:
St. Vital Rental Property: Purchased in October 2024 for $389,000 → Resold in February 2025 for $437,000. No renovations—just staging.
Charleswood Home: Listed at $565,000 → Sold for $711,000.
Unconditional Offers on the Rise: More buyers are skipping conditions to stay competitive.
Pre-Inspections Gaining Traction: Buyers are opting for home inspections before submitting offers to strengthen their bids.
February 2025 Market Snapshot
Looking at single-family detached home sales in Winnipeg so far this month:
317 homes sold (reported so far)
199 homes (63%) sold at or above list price
Average list price: $438,011
Average sale price: $454,434 (104.6% of list price)
Average days on market: 17 days
If we remove downtown core sales (where homes are more likely to sell below asking), these numbers jump even higher!
What Does This Mean for You?
If you’re a seller, it’s an incredible time to list. The level of competition we’re seeing feels eerily similar to the pandemic market frenzy of 2020-2021.
If you’re a buyer, buckle up—it’s going to be a competitive ride. But with the right strategy, patience, and a solid plan, success is still within reach. And if you’re on the fence about selling? Consider this your sign to take advantage of what’s shaping up to be an early and aggressive spring market.
Want to chat about your options? We’re here to help! Please reach out to us at Hello@QueenTeam.ca
This month’s lowest mortgage rates:
3-year fixed - 4.24%
4-year fixed - 4.54%
5-year fixed - 4.19%
5-year variable - 4.45%
Jennifer Queen
Phone: (204) 797-7945
Email: Jennifer@QueenTeam.ca