Why Now Is a Great Time to Invest in Real Estate in Winnipeg.

BY PHIL GEAR, REALTOR

If you’re considering entering the real estate market, there’s no better time to focus on Winnipeg. Whether you’re a first-time homebuyer, investor, or someone planning to upgrade, current market conditions and interest rates make this an ideal moment to make the move. 

Winnipeg’s Housing Market - Affordability Meets Opportunity

Winnipeg continues to shine as one of Canada’s most affordable major cities for real estate. While housing prices have risen in many parts of the country, Winnipeg’s market has remained comparatively stable. 

The city’s economic resilience, population growth, and diverse housing options from modern condos to spacious family homes, create a wealth of opportunities for buyers and investors. Whether you’re looking for a home to live in or a rental property to generate income, Winnipeg provides strong potential for long term growth.

Interest Rates - A Strategic Advantage

While current interest rates are higher than the historic lows of recent years, they bring a silver lining. Elevated rates have tempered demand over the past year and a half but also created a more balanced market where buyers face less competition. This opportunity gives you more room to negotiate favorable terms, from lower purchase prices to additional terms like flexible possession dates.

Additionally, locking in a mortgage rate now could protect you from potential future increases, although we are anticipating future interest rate cuts throughout 2025. If rates eventually decline, you may have the option to refinance and reduce your monthly payments. For financially prepared buyers, this is an opportune time to secure a property while the market remains relatively calm.

Changes in Down Payment Requirements

Recent changes to down payment rules have created new opportunities for buyers. For homes priced up to $1.5 million, the minimum down payment remains tiered: 5% on the first $500,000 and 10% on the portion between $500,001 and $1,500,000. This structure allows buyers to secure higher-value properties without needing a full 20% down payment, making homeownership more accessible even in the mid-to-high price ranges.

For example, on a $750,000 home, the required down payment would be $50,000 (5% of $500,000) plus $25,000 (10% of $250,000), totaling $75,000. Understanding these calculations can help buyers plan their finances effectively and take advantage of available opportunities.

The Time of Year: A Seasonal Sweet Spot

Winter and early spring are typically quieter times in the real estate market. Fewer buyers mean less competition, giving you a better chance to find your dream property without feeling rushed or pressured. Sellers during this time are often motivated, making them more open to negotiations. 

Moreover, purchasing now positions you to move during warmer months—perfect for settling into a new home before summer activities and vacations take over.

Why Act Now?

Delaying your entry into Winnipeg’s real estate market could mean missing out on the current opportunities:

• Affordable Prices: Take advantage of Winnipeg’s comparatively low housing costs before demand rises again.

• Negotiation Power: Use the quieter market and motivated sellers to secure favorable deals.

• Future Growth Potential: Invest in a city poised for long-term appreciation thanks to its economic stability and population growth.

Winnipeg’s real estate market offers a rare combination of affordability, stability, and opportunity. With favourable conditions such as reduced competition, support from government initiatives and the prospect of refinancing in the future. There’s no better time to explore your options. Whether you’re buying your first home or expanding your investment portfolio, the key is to act decisively.

Reach out to any member of The Moore Group to find properties that align with your goals and secure your place in Winnipeg’s thriving market today.