{"id":764493,"date":"2026-06-27T10:27:14","date_gmt":"2026-06-27T10:27:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/764493\/"},"modified":"2026-06-27T10:27:14","modified_gmt":"2026-06-27T10:27:14","slug":"winnipeg-real-estate-market-seeing-fatigue-realtor-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/764493\/","title":{"rendered":"Winnipeg real estate: Market seeing fatigue, realtor says"},"content":{"rendered":"

WINNIPEG \u2013 The state of Winnipeg\u2019s housing market is \u201csomewhat tumultuous\u201d in the eyes of one local realtor.<\/p>\n

Billy Kimacovich says many houses are continuing to sell at high prices, which is making it difficult for buyers. <\/p>\n

\u201cWe have certain locations and housing price points that still are commanding a lot of attention and breaking barriers in terms of price points, price ranges and historical research,\u201d said Kimacovich, who is a sales associate with RE\/MAX Executives Realty.<\/p>\n

\u201cThose houses, primarily, are turn-key homes.\u201d<\/p>\n

\"\"Royal LePage most affordable housing Canada Billy Kimacovich says Winnipeg’s housing market is in a ‘somewhat tumultuous spot.’ (CTV News) <\/p>\n

Turn-key homes are move-in ready properties that require no immediate renovations, repairs or upgrades. <\/p>\n

\u201cThose seem to be getting the most attention,\u201d he said. \u201cIf there is something on the market that requires some repairs or some upgrades, there are opportunities out there for buyers. There are just not that many buyers that want to do that or are scared to do that.\u201d <\/p>\n

Kimacovich has been selling homes for more than two decades, and says he\u2019s been seeing a lot of buyers frustrated with the current market. <\/p>\n

\u201cWhat I do see now, at the end of June, is some buyer fatigue,\u201d he said. \u201cThere\u2019s some buyers of mine, for example, who have worked hard to find a home and it\u2019s still not in their possession, and it can be discouraging.\u201d <\/p>\n

\"\"Royal LePage most affordable housing Canada Dan O’Brien with the Winnipeg Regional Real Estate Board says inventory has been increasing over the past several weeks, a trend that he thinks may continue. (CTV News) Market balancing? <\/p>\n

While Winnipeg has largely been a seller\u2019s market over the past year, industry leaders are beginning to see the market move toward a more balanced environment. <\/p>\n

Dan O\u2019Brien, president of the Winnipeg Regional Real Estate Board (WRREB), noted that inventory levels are improving, giving buyers more options.<\/p>\n

\u201cWe are seeing a little bit more selection, more choice in most neighbourhoods,\u201d O\u2019Brien said. \u201cSo, buyers aren\u2019t limited. They can often see many properties within their price range.\u201d<\/p>\n

Average prices for detached homes in Winnipeg reached a new record last month.<\/p>\n

The WRREB released its monthly market analysis, which shows the month of May had its highest-ever average price for detached homes, coming in at an average of $477,313. <\/p>\n

O\u2019Brien says sales in Winnipeg have been \u201cbrisk,\u201d and the average price for a home has increased in 15 of the last 17 months. <\/p>\n

\"\"For sale sign Winnipeg A for sale sign in Winnipeg on June 23, 2025. (Jon Hendricks\/CTV News Winnipeg) <\/p>\n

Overall sales reached 1,707, down by four per cent compared to May 2025, but were one per cent above the five-year average, according to the real estate board\u2019s analysis. <\/p>\n

The Canada Mortgage and Housing Corporation (CMHC) says there is a lot of uncertainty in the housing market across the country, which is causing potential buyers to hold off on making purchase decisions. <\/p>\n

\u201cEasing rental market conditions are also playing a role, as increased supply and reduced demand offer renter-households better options outside the ownership market,\u201d said Aled ab lorwerth, the deputy chief economist for the CMHC. <\/p>\n

\u201cThe picture is uneven across the country, so while the housing market in the Prairies remains relatively strong, there is concern over short-term condominium market conditions in Toronto and Vancouver,\u201d he said. \u201cTo restore affordability over the long term, we still have a need for strong housing supply that responds to Canadians\u2019 needs.\u201d<\/p>\n

Winnipeg ranks 10th among affordable cities: report <\/p>\n

Lethbridge, Alta., topped the list of Royal LePage\u2019s most affordable cities in Canada. Saint John, N.B., Thunder Bay, Ont., and Red Deer, Alta., rounded out the top five, with larger cities including Edmonton, Winnipeg, Windsor-Essex, Ont., further down the list.<\/p>\n

\u201cAs housing affordability challenges persist in the country\u2019s largest urban centres, more buyers are widening their search and seriously evaluating markets they may never have considered just a few years ago,\u201d said Phil Soper, president and CEO of Royal LePage.<\/p>\n

Winnipeg realtor Jesse Carlson says people who have left Winnipeg previously are being drawn back to the city and its surrounding area, because of affordability.<\/p>\n

\"\"Royal LePage most affordable housing Canada Realtor Jesse Carlson says bidding wars are still common as demand continues to outpace supply. (CTV News) <\/p>\n

\u201cWhile you have to save a little bit more for that down payment, it continues to be a very positive thing here in Winnipeg,\u201d said Carlson, who works with Royal LePage Prime Real Estate. <\/p>\n

Carlson says Winnipeg continues to see bidding wars, resulting in higher prices for homes, and expects that to continue. <\/p>\n

\u201cWe have high demand in Winnipeg,\u201d he said. \u201cOur city is growing. We\u2019re close to a million (people), but our inventory is low.\u201d <\/p>\n

Kimacovich says as frustrating as finding a home can be, it\u2019s important for buyers to remain patient. <\/p>\n

\u201cThis is not an easy thing to accomplish, and it takes education on the part of your realtor, and it takes patience and flexibility to adjust to what\u2019s in front of you,\u201d he said.<\/p>\n

\u201cWhat\u2019s meant to be, will be.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"WINNIPEG \u2013 The state of Winnipeg\u2019s housing market is \u201csomewhat tumultuous\u201d in the eyes of one local realtor.…\n","protected":false},"author":2,"featured_media":764494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194296],"tags":[712,49,48,22073],"class_list":["post-764493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-winnipeg","tag-apple-news","tag-ca","tag-canada","tag-winnipeg"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/764493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=764493"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/764493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/764494"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=764493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=764493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=764493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}