North St Boniface, Winnipeg - August 2026 Real Estate Report

North St Boniface Real Estate Update: Houses Are Flying, Condos Are Cooling

If you own a home in North St Boniface and you haven't checked your property value lately, now is the time. The two sides of this market are telling very different stories right now - and which side you're on matters a lot for what you do next.

The Vibe: Houses vs. Condos

Let's be straight with each other. Houses and condos in our neighbourhood are not moving in the same direction. Here's the breakdown:

Houses - Fast, Competitive, and Holding Strong

If you've been watching the "For Sale" signs in North St Boniface, here's what's actually happening with houses. Properties are selling in an average of just 4 days. That's not a typo. Four days. That puts us at rank 4 out of 71 neighbourhoods in Winnipeg for speed - meaning almost nowhere in the city moves houses faster than we do right now.

• Average HonestDoor Price: $411,665
• Average sale price: $308,000
• Current average list price: $399,900
• Price per square foot: $381
• Homes selling at 97.77% of list price
• Average days on market: 4
• Predicted market value: $416,124
• 3-month moving average: $408,739 (values are climbing)
• Estimated monthly rent: $2,128
• Rental yield: 5.79%
• Recent value change: up 2.60%
• Growth rank: 45 out of 193 neighbourhoods in Winnipeg - solidly above average

The growth rank is worth pausing on. Out of 193 comparable neighbourhoods across Winnipeg, North St Boniface houses sit at number 45. That puts us in the top quarter of the city for momentum. Buyers are not sleeping on this area.

The sale-to-list ratio of 97.77% means buyers are paying close to asking. This is not a market where sellers are getting lowballed. The predicted value of $416,124 is trending above the 3-month moving average of $408,739 - that's a signal that house values here are still building steam, not losing it.

Condos - Taking a Breather

The condo picture is a different conversation. Only 1 condo sold last month - down 50% from the month before. The average sale price came in at $249,500, which is down 19.1% from last month. Properties are sitting for an average of 50 days, compared to just 28 days in nearby South Point Douglas. That gap tells you something.

• Average HonestDoor Price: $329,519 (up 1.31% from previous period)
• Average sale price: $249,500
• Current average list price: $322,400
• Price per square foot: $226
• Condos selling at 95.96% of list price
• Average days on market: 50
• Predicted market value: $325,268
• 3-month moving average: $328,122 (values are dipping slightly)
• Estimated monthly rent: $1,709
• Rental yield: 4.14%
• Recent value change: down 1.71%
• Growth rank: 138 out of 175 neighbourhoods in Winnipeg - below average

The condo growth rank of 138 out of 175 is the honest number here. Buyers have options, they know it, and they're taking their time. The predicted value of $325,268 is sitting below the 3-month moving average of $328,122 - a small but real downward drift. Condo sellers need to price sharp right now, not optimistically.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your street last week. It doesn't adjust when buyer demand spikes or cools. It's a static number doing a real-time job, and it's not built for that.

The HonestDoor Price is updated continuously using actual transaction data, current listing activity, and real market signals from right here in North St Boniface. For houses, that number sits at $411,665 right now. For condos, it's $329,519. These are the numbers that reflect what a buyer would actually put on the table today - not what a government formula calculated months ago.

If you're a house owner and your tax assessment is lagging behind the HonestDoor Price, you could be leaving real equity on the table when you go to refinance, sell, or even just understand your net worth. Check your HonestDoor Price now - it's the real-world check that your assessment simply cannot provide.

The "So What?" - Thinking About Selling This Summer?

If you own a house in North St Boniface, the summer window looks genuinely good. Homes are moving in 4 days, values are trending up, and buyers are paying within 2.5% of asking. That's a seller's setup. Price it right against that $399,900 average list price, and you're in a strong position. Don't wait for the market to tell you it's peaked - the data right now is already working in your favour.

If you own a condo, the honest advice is this: be realistic on price. Buyers are comparing you to other neighbourhoods where condos sell faster and sometimes cheaper. A 50-day average days-on-market means your condo needs to stand out on price or condition - ideally both. The rental yield of 4.14% is moderate, so investors are not rushing in to save the day either. If you need to sell this summer, get ahead of the market, not behind it.

Either way, start with your HonestDoor Price. It's the most current read on what your property is actually worth in today's North St Boniface market - not last year's market, not the city's best guess. Today's market.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.