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Property prices in Thompson · Census 2021 and Statistics Canada

21% of households in Thompson are in core housing need, against 7% for Manitoba’s towns

Census values for 2021: a median of $196,000 and an average of $218,000. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. The median sale in 2022 was $194,000, across 35 buyers.

Median home value
$196K
owners’ estimate, census 2021
average $218K
Median sale price
$194K
CHSP, 2022
35 buyers
Median assessed value
$128K
all residential, 2024
New homes a year
3
permits, 2018–2023
6.1 per 1,000 homes
What homes are worth

Thompson’s homes, by three sources

Each source sits beside its own median for Manitoba’s towns; none compares across provinces, which value homes in their own ways.

Census 2021$196K

median, owners’ estimate

Average
$218K
Owners
310
Manitoba’s towns
$300K
The typical Canadian town
$406K
Sales, 2022$194K

median sale price

Average sale
$169K
÷ buyers’ income
2.7×
Buyers
35
Manitoba’s towns
$248K
Assessed, 2024$128K

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).

By type of home

A detached house in Thompson is assessed 39% lower than across Manitoba’s towns

Assessors listed 460 residential properties in Thompson for 2024, 87% of them detached houses.

Assessed value

Median assessment by type, 2024 the tick is the median of Manitoba’s towns

Detached houses$135K
Mobile homes$100K
Multi-unit properties$234K
The mix of properties
Detached houses87%
Multi-unit properties7%
Mobile homes4%
1,560 sq ft
living area of the median detached house (Manitoba’s towns: 1,670 sq ft)

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.

The homes

Single-detached houses are 94% of Thompson’s homes, against 72% for Manitoba’s towns

People lived in 425 homes in Thompson at the 2021 census. Half or more were standing by 1980.

When they were built

Homes by period of construction the tick is the median of Manitoba’s towns

Before 196141%
1961–198032%
1981–200012%
2001–201511%
2016–20214%
What kind of home

Homes by kind

Single-detached houses94%
Semi-detached housesunder 1%
Row houses3%
Apartments, under 5 storeysunder 1%
Apartments, 5+ storeysunder 1%
Against the median town of the province and of Canada
ThompsonManitobaCanada
Condominiums2%5%8%
Needing major repairs8%6%6%
Too small for the household4%5%3%
Households in core housing need21%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.

New homes

Thompson permitted 6.1 new homes a year per 1,000, below the 13.7 of Manitoba’s towns

Thompson issued permits for 20 new homes from 2018 to 2023, or about 3 a year. Most were houses: 77% went into single-unit buildings, against 67% for Manitoba’s towns.

Permits by year, 2018–2023

The busiest year: 2018, with 7 new homes

Single-unit buildingsTwo or more units
02468201820192020202120222023
The pace

New homes a year per 1,000 homes

Thompson6.1
Manitoba’s towns13.7
The typical Canadian town13.8
$599K
of new residential construction a year, 2019–2023

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.

Across Manitoba

Thompson is 35% below the $300,000 median of Manitoba’s towns

The census values of Manitoba’s towns, 188 of them with 2,500+ people, from dearest to cheapest.

Median value, census 2021

Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.

Cheaper next to Thompson: Pembina

The places around Thompson at the 2021 census: median and average value, and how many own. The nearest places to Thompson with figures are 20–27 km away.

MordenPembinaRolandCarmanDufferinMordenPembinaRolandCarmanDufferinThompson
Prices next door
TownMedian home valueAverageOwnerskm
Thompson$196K$218K88%
Morden$280K$294K74%19.8
Pembina$178K$217K86%22.7
Roland$250K$283K89%23.7
Carman$250K$268K77%26.3
Dufferin$300K$352K90%27.2

Census 2021 values; km.

Questions about property prices in Thompson

Is Thompson expensive for Manitoba?

On census values, Thompson sits among the cheaper of Manitoba’s towns (median $300,000).

What is the average house price in Thompson?

The average sale was $169,000 in 2022, and at the median, buyers paid 2.7 times their income.

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).