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Free Calculator: Updated 2025

Mortgage Calculator Winnipeg 2025

Winnipeg homes average $380,000, among Canada's most affordable. Calculate your Manitoba mortgage payment, CMHC insurance, and land transfer tax.

$380,000
Avg. Winnipeg Home Price
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Min. Down Payment

Winnipeg Mortgage Calculator

Average Winnipeg home price: $380,000
Min. 5% for homes under $500K | 20% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.00%–5.50%
Max 25 years for insured mortgages (under 20% down)
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CMHC Insurance Required: Down payment under 20%. Insurance premium added to mortgage principal.

Manitoba Land Transfer Tax / Property Transfer Tax

Manitoba Land Transfer Tax: 0% on first $30,000 + 0.5% on $30,001–$90,000 + 1.0% on $90,001–$150,000 + 1.5% on $150,001–$200,000 + 2.0% over $200,000. On $380,000: approximately $5,650.

Manitoba charges land transfer tax on all property purchases. On a $380,000 Winnipeg home, the LTT is approximately $5,650. First-time buyers qualify for a rebate up to $4,500 on homes valued under $150,000 — limited benefit for most Winnipeg purchases.

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FAQ — Mortgages in Winnipeg

What is the average home price in Winnipeg in 2025?
Winnipeg's average home price is approximately $380,000 in 2025, making it one of Canada's most affordable major cities. Detached homes average $420,000–$500,000 while condos and townhouses are available for $250,000–$350,000.
What are the land transfer taxes in Winnipeg?
Manitoba's LTT on a $380,000 Winnipeg home is approximately $5,650. There's no separate municipal LTT. First-time buyers receive a rebate up to $4,500, but this only applies to homes under $150,000 — a limited benefit for most Winnipeg properties.
What mortgage does a $380,000 Winnipeg home require?
With 10% down ($38,000), your mortgage is $342,000 + CMHC insurance premium (~$11,900) = $353,900. At 5.19% over 25 years, monthly payments are approximately $2,110. With 20% down ($76,000), your mortgage is $304,000 with payments around $1,820/month.
Are there first-time buyer programs in Winnipeg?
Yes — Winnipeg and Manitoba offer several programs including the City of Winnipeg's HomeWorks Program and provincial down payment assistance. Federal programs also apply: FHSA ($40K) and RRSP HBP ($35K). Manitoba's LTT rebate covers up to $4,500 for homes under $150,000.

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