North St Boniface, Winnipeg - October 2026 Real Estate Report
North St Boniface Real Talk: The Market Is Sending Mixed Signals Right Now
If you've been watching the "For Sale" signs around North St Boniface lately, you've probably noticed things feel a little quieter than a year ago. That gut feeling is right. The numbers back it up - but the story is different depending on whether you own a house or a condo. Here's what's actually going on.
The Vibe: Houses vs. Condos
Houses - Taking a Breather
Let's be straight with each other. The house market in North St Boniface is cooling off. The average sale price sits at $265,750, which is down 13.7% from last month. Homes are sitting on the market for 37 days on average - longer than nearby South Point Douglas, where houses are moving in 28 days. That gap matters. It means buyers in our neighbourhood have more room to negotiate, and they know it.
The proof is in the sale-to-list ratio. On average, houses here are selling at 93.37% of the asking price. So if a home is listed at $239,900, the buyer is likely walking away paying closer to $224,000. If you're a seller, that's a number you need to plan around before you set your price.
- Average sale price: $265,750 (down 13.7% from last month)
- Average list price: $239,900
- Price per square foot: $297
- Average days on market: 37
- Sale-to-list ratio: 93.37%
- Properties sold in 2026: 9
- Rental yield: 5.81%
- Estimated monthly rent: $2,070
- Neighbourhood growth rank: 146 out of 191 in Winnipeg
One bright spot for house owners: the rental yield of 5.81% is genuinely strong. If selling isn't the move right now, renting your property at an estimated $2,070 per month is a real option worth running the numbers on.
Condos - A Different Story
We have to give condos their own moment here, because they are telling a completely different story. The average HonestDoor Price for condos in North St Boniface is up 6.83% from the previous period. That kind of growth in a softening market is worth paying attention to.
Condos are selling at $318,900 on average, essentially flat month-over-month, and the sale-to-list ratio is tighter at 95.96%. Buyers are still negotiating, but not by as much. The predicted market value sits at $327,768, and the 3-month moving average is $327,518 - meaning values are creeping upward, not sliding.
- Average sale price: $318,900
- Average list price: $322,400
- Price per square foot: $328
- Average days on market: 50
- Sale-to-list ratio: 95.96%
- Properties sold in 2026: 7
- Rental yield: 4.14%
- Estimated monthly rent: $1,721
- Neighbourhood growth rank: 53 out of 175 in Winnipeg - above average
On the neighbourhood leaderboard, condo owners here are sitting at 53rd out of 175 comparable neighbourhoods in Winnipeg for growth. That puts us solidly in the top third of the city. Compare that to houses, which rank 146th out of 191 for growth, and you can see why the two property types need to be treated as completely separate conversations.
The Secret Sauce: Check Your HonestDoor Price Now - Not When the City Gets Around to It
Here is the thing about your city tax assessment. It is a snapshot from the past. The city reassesses on a fixed schedule, which means your official assessment could be based on market conditions from a year or two ago. In a market that is moving - up or down - that number can be wildly off from what your home is actually worth today.
The HonestDoor Price is updated in real time using actual transaction data. Right now, the average HonestDoor Price for houses in North St Boniface is $396,596. For condos, it is $350,152. Those numbers reflect what is happening in the market today, not what was happening when the city last ran its calculations.
Why does this matter for your wallet? If you are selling, pricing off a stale assessment could mean leaving money on the table or overpricing and sitting on the market for months. If you are appealing your property tax, knowing your real-world value gives you something concrete to work with. Either way, the HonestDoor Price is the number to start with.
The "So What?" - Thinking About Selling This Summer?
If you own a house in North St Boniface and you are thinking about listing this summer, go in with clear eyes. Buyers have options right now. They are negotiating harder, and homes are taking longer to sell than in some nearby neighbourhoods. That does not mean you should not sell - it means you need to price sharp from day one. A home that sits for 60 days in a cooling market is a harder sell than one priced right and gone in three weeks.
The predicted market value for houses here is $402,816, but recent values have shifted by -2.15%. Price with that trajectory in mind, not against it.
If you own a condo, your position is genuinely stronger. Values are ticking up, the growth rank puts you above average in the city, and buyer demand relative to supply looks more balanced. Summer could be a reasonable window to test the market.
For anyone on the fence, the smartest first move is pulling your HonestDoor Price today. It takes 30 seconds and gives you a real-world baseline before you talk to anyone about listing. Know your number before the conversation starts - not after.
north st boniface | winnipeg | october 2026This 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.