Winnipeg Regional Real Estate Board

July 2025 saw All MLS®* sales of 1,620 up 9% over July 2024 and up 6% over the 5-year average. Active MLS® listings of 3,678 were down 12% and total MLS® dollar volume of over $646 million up 12% from July 2024. Residential detached MLS® sales of 1,131 were up 9% while the average price of $443,635 was up 2% when compared to July 2024. Condominium MLS® sales of 238 were up 12% and the average price of $284,845 was statistically even with last July.

“July’s average prices for residential detached homes and condominiums continued the trend of highest monthly average prices on record,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales continued the trend of increases over last year, but July’s performance also rose above the 5-year average. All MLS® total dollar volume was the highest July figure on record while All MLS® sales were the third highest July on record.”

From a year-to-date perspective, All MLS® sales of 9,374 were up 7%, total MLS® listings of 14,567 down 1% while total dollar volume of over $3.7B up 13% over 2024. Year-to-date residential detached MLS® sales of 6,399 were up 6% and the average price of $457,667 was up 8% when compared to last July. Condominium MLS® sales of 1,367 were up 3% and the average price of $281,427 was up 1% above July 2024.

“While May is typically the time when cottage owners begin warm weather preparations on their properties, it is August when we see the most Lake Country MLS® sales activity,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “When looking to buy in Lake Country, there are many things to consider, like location, property access, distance to amenities, access to water, wastewater removal, winterization and rural municipal services, to name a few. REALTORS® have the expertise, data, technology, and a network of professionals to help ensure a smooth transaction whether you’re looking to purchase or sell in Lake Country.”

Mid-Summer lake country real estate market update There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board’s market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba - East Side, Lake Winnipeg - East Side, Lake Winnipeg - West Side and Winnipeg River. A description of the areas are as follows:

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookfield South (R18) and Poplar Bay (R28).

First-half 2025 MLS® sales were at or above last year in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Winnipeg River but down on Lake Winnipeg – East Side. All areas were below the 5-year average except for Lake Winnipeg – West Side.

First-half 2025 MLS® listings were also up over last year in Lac du Bonnet, Lake Manitoba – East Side and Lake Winnipeg – West Side but down on Lake Winnipeg - East Side and Winnipeg River. MLS® listings were up over the 5-year average in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Lake Winnipeg – East Side but down in Winnipeg River.

Average prices increased in the first half for all areas but Winnipeg River when compared to the first half of last year and the 5-year average.

“When looking at the statistics from the individual Lake Country areas, it is clear that each area has its own real estate market dynamics,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “While average prices were up in almost all areas, the performance of listings and MLS® sales varied depending on the areas of focus. The variation seen in these local markets show why a licensed, professional REALTOR® can be invaluable whether you’re looking to buy or sell in Lake Country!”