Home values in Varsity View run 31% higher than the median of Manitoba’s towns
The 2021 census gives $392,000 as the median value; Manitoba’s towns come to $300,000. Sales are published too: 14,740 buyers in 2023, at a median $374,000. For sale prices, assessed values, values by property type and building permits, the only official count covers all of the city of Winnipeg, Varsity View included.
Three ways to price a home in Varsity View
Each source sits beside its own median for Manitoba’s towns; none compares across provinces, which value homes in their own ways. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $407K
- Owners
- 940
- 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).
Winnipeg’s detached houses are assessed 51% above the median of 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.
The homes of Varsity View, by period and type
Of the 1,215 homes people lived in across Varsity View at the 2021 census, 69% were single-detached houses. Half or more were standing by 1980. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Manitoba’s towns
Homes by kind
| Varsity View | Manitoba | Canada | |
|---|---|---|---|
| Condominiums | 14% | 5% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 7% | 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.
Winnipeg permitted 16.9 new homes a year per 1,000, close to the 13.7 of Manitoba’s towns
Building permits added 29,417 homes in Winnipeg between 2018 and 2023: some 4,903 a year. 23% were single-unit buildings and the rest multi-unit ones, against 67% for Manitoba’s towns.
The busiest year: 2021, with 6,147 new homes
New homes a year per 1,000 homes
Rising: 7,667 new homes in the 12 months to August 2026, 34% more
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: one figure for all of the Winnipeg metro area
Varsity View is dearer than most of Manitoba’s towns: 31% above their $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 Varsity View: Silver Heights, Booth and Deer Lodge
The places around Varsity View at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Varsity View | $392K | $407K | 77% | |
| Elmhurst | $408K | $428K | 92% | 1.2 |
| Silver Heights | $300K | $344K | 52% | 1.8 |
| Booth | $336K | $349K | 53% | 2.5 |
| Kirkfield | $400K | $432K | 68% | 2.6 |
| Deer Lodge | $300K | $318K | 78% | 2.7 |
| South Tuxedo | $800K | $678K | 87% | 2.9 |
Census 2021 values; km.
Questions about property prices in Varsity View
Is Varsity View expensive for Manitoba?
Dearer than the middle: Manitoba’s towns come to $300,000, Varsity View to more.
How many households in Varsity View are in core housing need?
In line with Manitoba’s towns (7%): 7% in Varsity View, counting the households whose home falls short on cost, size or repair.
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).