Pembina Strip, Winnipeg - July 2026 Real Estate Report

Pembina Strip Real Talk: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs along Pembina Strip, here's what's actually happening. The market is sending mixed signals depending on what you own. Houses and condos are telling two very different stories right now, and knowing which one applies to you could be worth real money.

Houses: Holding Steady, But Watch the Trend

The average HonestDoor Price for a house in Pembina Strip sits at $504,900 - up 2.89% from the previous period. That's a solid, quiet gain. Not a gold rush, but not a retreat either.

Here's the catch. The predicted market value is currently tracking at $490,738, which is running below the 3-month moving average of $505,708. Values have dipped 1.34% recently. The market is taking a breather. It's not falling off a cliff, but the momentum has softened.

• Average HonestDoor Price: $504,900
• Recent price change: -1.34%
• Predicted value: $490,738
• 3-month moving average: $505,708
• Average rental estimate: $2,452 per month
• Rental yield: 5.66% - that's a strong return for landlords
• Neighbourhood growth rank: 152 out of 193 in Winnipeg

That growth rank is the number to pay attention to. On the neighbourhood leaderboard, Pembina Strip houses sit in the bottom third of Winnipeg right now. We're not last, but we're not climbing fast either. For context, nearby Agassiz is sitting at a predicted $520,522 - about $30,000 ahead of us on the same leaderboard.

The silver lining? If you're a landlord or thinking about becoming one, a 5.66% rental yield is genuinely strong. At $2,452 a month in estimated rent, the numbers work better here than in a lot of Winnipeg neighbourhoods.

Condos: A Tale of Two Numbers

The condo picture in Pembina Strip is where things get interesting - and a little confusing if you're not paying close attention.

The average HonestDoor Price for condos is $2,826,616. But actual sale prices are averaging $211,675, with listings sitting at $199,950 this month. That gap tells you the HonestDoor Price is capturing a wide range of condo types in the area, including higher-end units that skew the average up. If you own a standard condo here, your real-world number is closer to that $211,675 sale average.

• Average HonestDoor Price: $2,826,616
• Average sale price this month: $211,675 (down 3.8% from last month)
• Average listing price: $199,950
• Price per square foot: $229
• Sale-to-list ratio: 95.59% - buyers are paying below asking
• Days on market: 40 days average
• Properties sold this month: 4 (up 33.3% from last month)
• Rental estimate: $5,989 per month
• Rental yield: 3.05%
• Growth rank: 92 out of 190 in Winnipeg - above average

The condo leaderboard ranking is actually decent. At 92 out of 190, we're sitting in the top half of Winnipeg for growth. But the day-to-day sales data is showing a cooling market. Buyers are paying 95.59% of list price, properties are sitting for 40 days, and prices dropped 3.8% in a single month. Nearby Chevrier is moving condos in 35 days compared to our 40. That's a signal worth noting if you're a condo seller.

The one bright spot for condo owners: the predicted value of $2,826,495 is actually increasing compared to the 3-month moving average of $2,764,662. So the longer-term trend is still pointing up, even if the short-term sales data is bumpy.

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. The city looks at sales data from a set period, runs its formula, and mails you a number that's already months - sometimes over a year - out of date by the time it hits your mailbox.

The HonestDoor Price is updated in real time. It's pulling from actual recent sales, current listing activity, and live market signals. For Pembina Strip house owners, that means the difference between a static government number and a live read of $504,900 - with a 2.89% gain already baked in. That's the real-world check your assessment simply can't give you.

If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - your HonestDoor Price is the number to start with, not the one on that government letter.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers: the window is open, but it's not wide open. Values are up year-over-year, but the short-term trend is softening. If you're planning to sell this summer, sooner is better than later. Waiting to see if prices bounce back could cost you. The neighbourhood growth rank of 152 out of 193 means Pembina Strip isn't leading the Winnipeg pack right now - price your home sharp and move with purpose.

For condo sellers: be realistic. Buyers are negotiating. The average sale is closing at 95.59% of list price, and your competition is sitting on the market for 40 days. That doesn't mean you can't sell well - it means you need to price it right from day one. An overpriced condo in this market just sits, and a listing that sits loses leverage fast.

Bottom line for both: check your HonestDoor Price before you do anything else. It's the most current read you have on what your place is actually worth in today's market - not last year's market, not the city's market. Today's.

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.