February 2026 Market Report
Condo Average Sets New February High
All MLS® Areas · Detached / Condo / Attached · February 2026
Marker · Record February Condo Average
01 / MILESTONEThe key event: the Condominium monthly average of $284,086 is the highest-ever February Condo average. The Detached avg of $456,232 was statistically even with February 2025's $458,376 (YoY 0%), not setting a new February peak.
February Headline · All Property Types
02 / OVERVIEWFebruary sales of 786 were down 11% YoY and 3% below the 5-year average. Condo sales YoY -24% was the largest decline among types this month; Attached posted positive sales YoY for the 2nd consecutive month.
| Metric | Feb 2026 | vs 2025 | vs 5-Yr Avg |
|---|---|---|---|
| Sales | 786 | -11% | -3% |
| Active Listings | 2,563 | -8% | -5% |
| Dollar Volume | $314,946,438 | -10% | +4% |
| Type | Sales | vs25 | Listings | vs25 | Avg Price | vs25 |
|---|---|---|---|---|---|---|
| Detached | 489 | -11% | 981 | -16% | $456,232 | 0% |
| Condominium | 118 | -24% | 386 | +12% | $284,086 | +4% |
| Attached | 90 | +5% | 236 | +29% | $379,309 | 0% |
YTD 2026 · Through February
03 / YTDYear-to-date sales of 1,405 were down 12% YoY, with dollar volume over $552 million. The sales pace is currently tracking closer to 2024 (about 3% below YTD 2024) than to 2025's strong run.
| Type / Metric | YTD Sales | YoY | YTD Avg | YoY |
|---|---|---|---|---|
| All Property sales | 1,405 | -12% | — | — |
| Residential-Detached | 856 | -14% | $445,448 | +2% |
| Condominium | 210 | -21% | $280,331 | +6% |
Detached · Winnipeg vs Outside
04 / REGIONALOutside Detached avg YoY -12% was the largest price decline this month, driven by mean-reversion from February 2025's unusually high outside base of $476,603 (when outside first inverted above Winnipeg). Winnipeg avg was still +5% YoY.
| Dimension | Winnipeg | Outside Winnipeg |
|---|---|---|
| Sales | 339 | 150 |
| Sales YoY | -6% | -20% |
| Active Listings | 442 | 539 |
| Avg Price | $472,711 | $418,990 |
| Price YoY | +5% | -12% |
| Sales-to-Listings | 76.7% | 27.8% |
Price Range Distribution
05 / PRICE BANDSDetached's top range switched back from $300–399k (prior 6 months) to $400–499k; Condo's top two ranges were nearly equal (31% vs 30%), a relatively even spread.
Residential-Detached
Condominium
YTD February · Regional Detached
06 / AREAS| Region | YTD Avg | YoY | YTD Sales | YoY |
|---|---|---|---|---|
| All MLS Areas | $445,448 | +2% | 856 | -14% |
| Winnipeg | $458,594 | +5% | 577 | -9% |
| Total Outside Winnipeg | $418,262 | -4% | 279 | -23% |
| Steinbach (R16) | $437,079 | +13% | 68 | +1% |
| Morden/Winkler (R35) | $330,688 | 0% | 45 | +29% |
| West St. Paul (R15) | $668,588 | +7% | 17 | -35% |
| Morris (R17) | $283,744 | +6% | 16 | +14% |
| Niverville/Ritchot (R07) | $485,893 | -3% | 15 | -48% |
| Lake Country | $242,563 | -20% | 19 | -49% |
· Morden/Winkler sales YoY +29% and Morris +14% were the YTD sales growth leaders.
· Lake Country avg -20%, sales -49% — the weakest outside region.
Most Active Neighbourhoods
07 / COMMUNITIESThe Read · Two Storylines
08 / TAKEAWAYSFact Sheet
09 / FACT SHEET| Reporting Period | February 2026 |
| Property Scope | All MLS® Areas |
| Total Sales | 786 (YoY -11%) |
| Total Dollar Volume | $314,946,438 (YoY -10%) |
| Condo Avg Price | $284,086 · record February |
| Detached Avg Price | $456,232 (YoY 0%) |
| Attached Avg Price | $379,309 (YoY 0%) |
| YTD All-Property Sales | 1,405 (YoY -12%) |
Condo average sets a record, volume broadly soft —
February Condo reached $284,086.
Condo $284,086 (record February) · Detached $456,232 (YoY 0%)
Total sales -11% · YTD -12% · Dollar volume $314.9M
Pattern: volume down, prices steady — Condo keeps climbing, pace back near 2024 levels.