Photo: Amakuha · CC BY 4.0Riverbend sits 25% above Manitoba’s towns on home values
In figures: $376,000 for the median home in 2021, $300,000 for the middle of Manitoba’s towns. The median sale in 2023 was $374,000, across 14,740 buyers. Riverbend doesn’t get its own sale prices, assessed values, values by property type and building permits figures; the ones here come from the city of Winnipeg.
Three ways to price a home in Riverbend
Three sources, each set against Manitoba’s towns only: provinces measure value differently, so they don’t line up across borders. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $373K
- Owners
- 1,665
- Manitoba’s towns
- $300K
- The typical Canadian town
- $406K
median sale, wider area
- Average sale
- $400K
- ÷ buyers’ income
- 3×
- Buyers
- 14,740
- 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, Winnipeg’s houses sit 51% above Manitoba’s towns
The 2024 assessment roll counts 222,340 homes in Winnipeg: detached houses make 79% of them, condos 12%.
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.
A town of houses: 87% of the homes in Riverbend stand alone (Manitoba’s towns: 72%)
The 2021 census counted 1,755 occupied homes in Riverbend. At least half predate 2001. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Manitoba’s towns
Homes by kind
| Riverbend | Manitoba | Canada | |
|---|---|---|---|
| Condominiums | 2% | 5% | 8% |
| Needing major repairs | 2% | 6% | 6% |
| Too small for the household | 8% | 5% | 3% |
| Households in core housing need | 2% | 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.
Building at the pace of Manitoba’s towns: 16.9 new homes a year per 1,000 in Winnipeg, against 13.7
Winnipeg issued permits for 29,417 new homes from 2018 to 2023, or about 4,903 a year. Single-unit buildings took 23%, the rest buildings of two or more, against 67% for Manitoba’s towns.
A peak in 2021: 6,147 new homes
New homes a year per 1,000 homes
Up 34%: 7,667 new homes in the year to August 2026
Monthly permits for the Winnipeg metro area
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.
Riverbend is 25% above 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.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Riverbend: Valhalla, Kildonan Drive and Rossmere-A
The places around Riverbend at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Riverbend | $376K | $373K | 95% | |
| Rivergrove | $452K | $443K | 69% | 0.5 |
| Valhalla | $246K | $292K | 23% | 1.3 |
| Kildonan Drive | $348K | $375K | 58% | 2.5 |
| West Kildonan Industrial | $404K | $419K | 68% | 2.5 |
| River East | $380K | $388K | 87% | 2.6 |
| Rossmere-A | $300K | $310K | 47% | 2.6 |
Census 2021 values; km.
Questions about property prices in Riverbend
How many households in Riverbend are in core housing need?
Fewer than most: 2% of households in Riverbend, where Manitoba’s towns sit at 7%.
Is Riverbend expensive for Manitoba?
On census values, Riverbend ranks among the dearer of Manitoba’s towns (median $300,000).
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
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).