If you bought your home in 2018, this message is for you!
BY Scott Moore, Realtor | October 21, 2025If you bought your home in 2018, there’s a good chance it doesn’t quite fit anymore.
Over the last seven years, your world has probably changed, a partner, a couple of kids, work-from-home, or maybe even an empty nest. It’s completely normal. On average, Canadians move every seven years, because our homes need to evolve with our lifestyles.
If you’re wondering what’s happened in real estate in Winnipeg over the last seven years, here’s what you need to know.
Winnipeg Home Prices Have Risen Sharply
The average home sale price in Winnipeg was about $302,000 in 2018. Today, it’s $437,000, that’s a $135,000 increase in value.
That means even if you haven’t made major upgrades, your property has likely appreciated significantly.
You’ve Probably Built a Lot of Equity
If you bought the average home in 2018 with 5% down, a 4.5% interest rate, and a 30-year amortization, your remaining mortgage today would be roughly $243,000.
That means you’ve built about $57,000 in principal equity, on top of the $135,000 in market growth.
Put together, you’re sitting on nearly $200,000 in available equity and that’s before considering any improvements or a strong marketing strategy.
What Can You Do With That Equity?
Maybe you want to cash out and move to the Bahamas. If so, I don’t blame you.
But most Winnipeg homeowners use their equity to upgrade to a larger or newer home that better fits their lifestyle, often without increasing their monthly payment. Let’s look at the math:
Keeping your monthly mortgage payment around $1,500, you could move from your $300,000 home to one worth about $523,000. Almost $100,000 more house, for the same payment.
If you can stretch to $2,000/month, your budget jumps to around $630,000 — nearly $200,000 more home.
At that level, the dream features start to appear: a bigger backyard, oversized garage, finished basement.
Yes, you’ll pay a bit more in property taxes and utilities, but a newer home might offset that with better energy efficiency and lower maintenance costs.
Your Current Winnipeg Home Is in Demand
Homes in the $400,000 range are among the most in-demand price points in Winnipeg right now.
With the right pricing, preparation, and marketing strategy, your home could outperform the market, meaning even more equity in your pocket when you sell.
Ready to Explore Your Options?
If you want to understand your current home’s market value, I’d be happy to walk you through the numbers specific to your property. Call or text me anytime at 204-995-7355.
Not ready to take the leap yet? No problem, here are two low-pressure ways to start exploring:
Get a personalized home search. I’ll set you up with an auto-search that emails you listings matching your criteria so you can track homes and their eventual sale prices in real time.
Subscribe to our “Top 3 Homes of the Week” Sign up here – it’s free. Each week, you’ll get a short list of the three best homes for sale in Winnipeg at your price point. No spam, no pressure, just insight.
Bottom line: Your home could be the key to funding your next one.