Photo: Spark802 · CC BY-SA 4.0Homes in Oakbank sell for 89% more than the median of Manitoba’s towns
Asked in 2021, owners gave a median value of $424,000; averaged, their homes came to $454,000. The census asks owners what their home would sell for, so the values are estimates from May 2021. On the 2024 assessment, the middle residential property is valued at $371,000.
Oakbank’s homes, by three sources
Three sources, each set against Manitoba’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $454K
- Owners
- 5,365
- Manitoba’s towns
- $300K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $460K
- ÷ buyers’ income
- 2.9×
- Buyers
- 360
- Manitoba’s towns
- $248K
all residential
- Manitoba’s towns
- $201K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Oakbank’s detached houses are assessed 76% above the median of Manitoba’s towns
The 2024 assessment roll counts 5,935 homes in Oakbank, detached houses 91% of them.
Median assessment by type, 2024 the tick is the median of Manitoba’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Manitoba’s towns with their own figure; assessments compare within a province only.
Single-detached houses are 93% of Oakbank’s homes, against 72% for Manitoba’s towns
People lived in 5,795 homes in Oakbank at the 2021 census. Half went up before 2001.
Homes by period of construction the tick is the median of Manitoba’s towns
Homes by kind
| Oakbank | Manitoba | Canada | |
|---|---|---|---|
| Condominiums | 4% | 5% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 5% | 7% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Oakbank ran at 10.3 homes a year per 1,000, where Manitoba’s towns ran at 13.7
From 2018 to 2023, permits in Oakbank created 364 homes, about 61 a year. Most were houses: 94% went into single-unit buildings, against 67% for Manitoba’s towns.
The busiest year: 2021, with 81 new homes
New homes a year per 1,000 homes
Up 34%: 7,667 new homes in the year to August 2026
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Monthly permits published for the Winnipeg metro area, not by town
Oakbank is dearer than most of Manitoba’s towns: 41% above their $300,000 median
The census values of Manitoba’s towns, 188 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Oakbank: Canterbury Park, Kildare-Redonda and Radisson
Next to Oakbank: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Oakbank | $424K | $454K | 95% | |
| Canterbury Park | $332K | $347K | 94% | 10.8 |
| Kildare-Redonda | $280K | $281K | 75% | 12 |
| Radisson | $290K | $283K | 92% | 13.2 |
| Victoria West | $236K | $244K | 80% | 13.7 |
| Meadows | $320K | $314K | 87% | 13.8 |
| East St. Paul | $552K | $614K | 97% | 14.1 |
Census 2021 values; km.
Questions about property prices in Oakbank
Is Oakbank expensive for Manitoba?
Dearer than the middle: Manitoba’s towns come to $300,000, Oakbank to more.
How many households in Oakbank are in core housing need?
In Oakbank, 5% of households are in core housing need, against 7% for Manitoba’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
What is the average house price in Oakbank?
An average of $460,000 in 2023, with the median sale at 2.9 times the buyer’s income.
Can I see individual sales or prices by street?
Only in total: Statistics Canada releases each town’s median and average sale and its number of buyers, never a single sale.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).