Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainHomes in Prairie Lakes sell for 70% less than the median of Manitoba’s towns
A median of $174,000 and a mean of $203,000: that is how owners valued their homes in 2021. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch. For 2024, the median assessed value of a residential property is $66,900.
Prairie Lakes’s homes, by three sources
Every figure here is compared within the province, against Manitoba’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $203K
- Owners
- 525
- Manitoba’s towns
- $300K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $125K
- ÷ buyers’ income
- 0.8×
- Buyers
- 75
- 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).
On the assessment roll, Prairie Lakes’s houses sit 51% below Manitoba’s towns
Assessors listed 965 residential properties in Prairie Lakes for 2024, 90% of them detached houses.
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.
16% of Prairie Lakes’s households are in core housing need, against 7% for Manitoba’s towns
670 occupied homes stood in Prairie Lakes in 2021, and single-detached houses made up 92% of them. The older half dates from before 1981.
Homes by period of construction the tick is the median of Manitoba’s towns
Homes by kind
| Prairie Lakes | Manitoba | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 5% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 16% | 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 Prairie Lakes ran at 14.9 homes a year per 1,000, near the 13.7 of Manitoba’s towns
Building permits added 50 homes in Prairie Lakes between 2019 and 2023: some 10 a year. Houses dominate the permits, at 66% in single-unit buildings (Manitoba’s towns: 67%).
The busiest year: 2020, with 17 new homes
New homes a year per 1,000 homes
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.
Prairie Lakes against Manitoba’s towns: 42% under the $300,000 median
188 of Manitoba’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Prairie Lakes: Argyle
The places around Prairie Lakes at the 2021 census: median and average value, and how many own. Distances here run 21–39 km: that is how far the nearest places with figures are from Prairie Lakes.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Prairie Lakes | $174K | $203K | 90% | |
| Killarney | $200K | $219K | 80% | 21.2 |
| Oakland-Wawanesa | $300K | $316K | 86% | 30.9 |
| Boissevain | $180K | $217K | 79% | 32 |
| Argyle | $140K | $184K | 85% | 35.8 |
| Glenboro-South Cypress | $200K | $230K | 89% | 39 |
Census 2021 values; km.
Questions about property prices in Prairie Lakes
What is the average house price in Prairie Lakes?
Homes sold for an average $125,000 in 2023; the median buyer paid 0.8 times their household income.
Is Prairie Lakes expensive for Manitoba?
On census values, Prairie Lakes sits among the cheaper of Manitoba’s towns (median $300,000).
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
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).