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Economic Indicators

Demographics - Population

Winnipeg achieved the FIFTH-BEST GROWTH RATE among major census metropolitan areas across Canada.

  • Winnipeg
    811,874
    +2.5%
  • Canada
    36,286,425
    +1.2%

Source: Statistics Canada

Demographics - Median Age

Winnipeg's median age is over TWO YEARS YOUNGER than the Canadian average. 

  • Winnipeg
    38.1
    -0.3
  • Canada
    40.6
    +0.1

Source: Statistics Canada

Demographics - Total Net Migration

  • Winnipeg
    14,027
    +67.5%
  • Canada
    313,925
    +67.5%

Source: Conference Board of Canada

Demographics - Personal Disposable Income Per Capita

  • Winnipeg
    $30,841
    +1.0%
  • Canada
    $32,141
    +2.6%

Source: Conference Board of Canada

Economy - Real GDP at Basic Prices

Winnipeg achieved the THIRD STRONGEST ECONOMIC GROWTH among major metropolitan areas in Western Canada

  • Winnipeg
    $37.6B
    +3.2%
  • Canada
    $1.79T
    +1.5%

Source: Conference Board of Canada

Economy - Retail Sales

  • Winnipeg
    $11.78B
    +4.2%
  • Canada
    $550.7B
    +5.1%

Source: Conference Board of Canada

Economy - Consumer Bankruptcies

  • Winnipeg
    913
    +18.0%
  • Canada
    15,185
    -2.6%

Source: Innovation, Science and Economic Development Canada

Economy - Business Bankruptcies

  • Winnipeg
    12
    +9.1%
  • Canada
    703
    -11.6%

Source: Innovation, Science and Economic Development Canada

Economy - Consumer Price Index (All Items)

  • Winnipeg
    128.1
    +1.2%
  • Canada
    128.4
    +1.8%

Source: Statistics Canada

Economy - Manufacturing Shipments

  • Manitoba
    $17.4B
    +1.3%
  • Canada
    $612.5B
    +1.2%

Source: Statistics Canada

Economy - Merchandise Exports

  • Manitoba
    $13.47B
    -1.8%
  • Canada
    $521.3B
    -0.7%

Source: Statistics Canada

Economy - Average Weekly Earnings (Industrial Aggregate)

  • Manitoba
    $857.00
    +1.8%
  • Canada
    $940.28
    +1.9%

Source: Statistics Canada

Real Estate - MLS Average Residential Price

Winnipeg remains one of the MOST AFFORDABLE major cities in Canada to buy a home.

  • Winnipeg
    $315,720
    +4.3%
  • Canada
    496,500
    +5.7%

Source: Winnipeg REALTORS, Canadian Real Estate Association, 2017

Real Estate - Total Building Permit Values

  • Winnipeg
    $2,001M
    +25.4%
  • Canada
    $85,902M
    +0.9%

Source: Statistics Canada

Real Estate - Total Housing Starts

  • Winnipeg
    4,054
    -7.9%
  • Canada
    180,642
    -0.5%

Source: Statistics Canada

Real Estate - Commercial Office Space (Net Asking Rent per square foot)

  • Winnipeg
    $17.34
    -3.3%
  • Canada
    $19.97
    -3.9%

Source: CBRE

Real Estate - Commercial Office Space (Vacancy Rate)

  • Winnipeg
    8.7%
    -2.4%
  • Canada
    13.3%
    +1.1%

Source: CBRE

Tourism - Total Person Visits

  • Winnipeg
    3.8M
    +4.6%
  • Canada
    347.5M
    +0.4%

Source: Statistics Canada, Research Resolutions & Consulting Ltd. (Cities 2014)

Tourism - Total Expenditures

  • Winnipeg
    $673M
    +8.4%
  • Canada
    $58,045M
    +3.6%

Source: Statistics Canada, Research Resolutions & Consulting Ltd. (Cities 2014)

Tourism - Airport: Total Enplaned & Deplaned Passengers

  • Winnipeg
    4.01M
    +6.3%
  • Canada
    133.4M
    -4.8%

Source: Winnipeg Airports Authority

Tourism - Hotel Occupancy

  • Winnipeg
    65.7%
    +2.5%
  • Canada
    63.8%
    +0.3%

Source: CBRE Hotels

Tourism - Hotel Average Daily Rate

  • Winnipeg
    $124.33
    -0.7%
  • Canada
    $148.53
    +3.3%

Source: CBRE Hotels

Tourism - Hotel RevPar

  • Winnipeg
    $81.70
    +3.3%
  • Canada
    $94.82
    +3.8%

Source: CBRE Hotels

Labour Force (x1,000)

EMPLOYMENT GAINS WERE REALIZED IN OTHER INDUSTRIES helping keep the overall employment picture positive.

  • Winnipeg Sep
    460.4
    +1.3%
  • Canada Sep
    19,443.0
    +0.8%

Source: Statistics Canada

Labour Force - Employment (x1,000)

  • Winnipeg Sep
    435.2
    +2.6%
  • Canada Sep
    18,083.1
    +0.7%

Source: Statistics Canada

Labour Force - Unemployment (x1,000)

  • Winnipeg Sep
    25.2
    -16.6%
  • Canada Sep
    1,359.3
    +2.1%

Source: Statistics Canada

Labour Force - Unemployment Rate

  • Winnipeg Sep
    5.5%
    -1.1%
  • Canada Sep
    7.0%
    +0.1%

Source: Statistics Canada

Labour Force - Participation Rate

  • Winnipeg Sep
    68.0%
    -0.3%
  • Canada Sep
    65.7%
    -0.2%

Source: Statistics Canada

YES! Winnipeg Investors

Great-West Lifeco

Great-West Lifeco Great-West Lifeco

Winnipeg-based Great-West Lifeco and its subsidiaries have over $1.2 trillion in assets worldwide. The company employs 3,000 people in Manitoba.

Economic Development Winnipeg

Suite 810, One Lombard Place
Winnipeg, Manitoba
Canada R3B 0X3

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