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The Best Mortgage Rates in Winnipeg, MB

Living in Winnipeg? Get the best mortgage rates in Manitoba at RateSupermarket.ca

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About Winnipeg

Ranked #5 Best Large Canadian City To Live In

Winnipeg is the capital city of Manitoba, with a population of roughly 740,000 people. Quieter and smaller than some other Canadian metropolises, Winnipeg is known for its green spaces and access to outdoor activities. Here are some more facts about Winnipeg:

  • Home to Canada's Royal Winnipeg Ballet, the Royal Manitoba Theatre Centre, Winnipeg Symphony Orchestra, and more
  • Winnipeg experiences more sunshine per year than any other Canadian city – 2,372 hours on average
  • Winnipeg is also covered in snow 132 days a year (on average)
  • Winnipeg was the first city in the world to develop the 911 emergency number
  • Winnipeg has four major rivers and is extremely flat, which makes it a bit of a flooding hazard – the Red, Assiniboine, La Salle and Seine

5 Things You Need To Know About Buying In Winnipeg

  1. The average home price is $270,000 – much lower than the Canadian average of roughly $395,000
  2. High housing demand remains constant in Winnipeg due to strong immigration and low unemployment numbers
  3. The most popular price range for home buying is $150,000 - $ 300,000
  4. On average, it takes 26 days to sell a home in Winnipeg, which is lower than most Canadian cities
  5. There are 236 distinct neighbourhoods in Winnipeg

Frequently Asked Question: Is the Winnipeg winter really THAT bad?

Depends who you ask – some Canadians revel in the adversity that cold weather brings. But the facts and figures speak for themselves: yes, the winter really is THAT bad. The winter of 2014, in fact, was the coldest winter Winnipeggers have experienced since 1898. This means residents had to shell out up to 17% more than usual on heating costs. Out of Canada's 100 largest cities, Winnipeg winters are the 10th coldest, with average temperatures in the cold months hovering around -20 C. So yes, Winnipeg winters are long, dark and frigid – but then, that's one price to pay for affordable Canadian housing.

Winnipeg Housing Statistics

Winnipeg might not be the most bustling urban centre in Canada, but its affordable homes and sunny skies are enough to keep high housing demand constant. Despite home prices trending upwards, Winnipeg is expected to remain one of the more economical choices for home buyers in the foreseeable future.

Property Prices: Low Quality of Life Index: High
Cost of Living: Moderate Traffic Index: Moderate

Buying Property in Winnipeg – Important Links

Knowledge is power when it comes to making the most of your money, and this old adage is especially true when talking about mortgages. RateSupermarket.ca recommends the following resources to get you started on your mortgage journey in Winnipeg:

Get Winnipeg regional housing statistics from the Canada Mortgage and Housing Corporation.

Ever wonder what everyday items will cost you in Winnipeg? You can compare the cost of living around the world here.

Get all the information you need about Winnipeg public transit on the Winnipeg Transit website.

For many families, nearby schools are a big factor in home buying decisions. Learn more about the Winnipeg School Division and school locations here.

Are you new to Canada? Manitoba has a number of resources available to immigrants, aimed at providing a solid foundation for new Canadians.

Your Top Mortgage Questions Answered

Whether you’re a First Time Home Buyer or buying your second, third or fourth home, it pays to compare mortgage rates with Ratesupermarket.ca.