Understand Newmarket before you commit to an address
Newmarket is 88,000 people around one of the best-preserved historic main streets in the region, with Southlake Regional Health Centre serving a catchment far larger than the town itself. It is the seat of York Region's government and it feels like a town in a way most of this layer does not. Figures come from the board's price index and the province's tax return, measured the same way in all 24 municipalities here. The rent is Toronto-wide, because nobody surveys rents municipality by municipality.
The cost of living in Newmarket, and what a home costs
Two calculators on Ontario's own rules: semi-annual compounding and the real minimum down payment tiers, and the closing costs this province actually charges.
Rent or buy in Newmarket
Whether buying here beats renting, and the year it turns over. Toronto's municipal land transfer tax does not apply out here, which is worth real money.
Mortgage calculator
Semi-annual compounding, the CMHC premium under twenty percent down with Ontario's 8% tax on it, and the provincial land transfer tax.
Then work out whether Newmarket is the right part of the region
No neighbourhood guides for Newmarket yet. What is here instead is the whole region on one comparable footing.
All 24 municipalities around Toronto
Every municipality in the four regions on one footing: the published rate, the rate a buyer actually pays once the 2016 assessment freeze is undone, and the gap between them.
Compare the regionToronto, neighbourhood by neighbourhood
Sourced guides to the city at the middle of all this, one in each of its four community council areas.
Browse the city guidesWhat buying in Newmarket actually involves
Main Street and the streets around it are the reason people choose Newmarket over the subdivisions further south, and they are a small fraction of the housing stock. The rest is postwar and post-2000 subdivision, priced accordingly, and the town-wide figure on this page blends the two.
The GO Barrie line is the commute, and it is a long one: an hour to Union on a good day. That distance is most of the price difference between here and Richmond Hill.
Newmarket is small and largely built out, which changes what a purchase here is. There is very little new subdivision land left inside the town boundary, so most of what trades is resale, and the new supply is mid-rise and apartment building along Yonge and Davis Drive rather than houses on new streets. If you want a new detached house, the market for it is in East Gwillimbury and Bradford rather than here.
The hospital is the town's largest employer and its largest traffic generator, and Davis Drive between Yonge and the hospital carries a rapidway built specifically for that. An address close to that corridor gets the transit and the congestion together, which is a trade worth making deliberately rather than discovering afterward.
Moving to Newmarket: check these before you commit
- The walk from the address to the GO station and to Main Street, which is what people are actually paying for here
- The age of the roof, furnace and windows in the 1970s and 1980s stock, which is a large share of the town
- Whether a property backs onto the Holland River floodplain
- The Yonge Street bus rapidway's route, which is the local transit spine
- What is approved on Yonge or Davis Drive within sight of the address, since that is where the town's new supply goes
- Hospital-hour traffic on Davis Drive if the address is anywhere near it
The rent here is CMHC's Toronto CMA average rather than a municipal figure, because the survey's zones are not municipal boundaries.
Sourced, dated, and separated from the guesswork
Every Newmarket figure below is cited, stamped with the period it describes, and editable, because a number for the whole city rarely describes your purchase. Appreciation and investment returns are assumptions rather than facts, and they are labelled that way. Read the methodology for how the line is drawn.
- Prices, rents and tax rates: published statistics and the official schedules.
- Nothing here is a lender quote, a pre-approval or financial advice.
Where the Newmarket figures come from
- Market Watch, July 2026: MLS® Home Price Index by municipality · Toronto Regional Real Estate Board · retrieved Supports: Composite, single-family detached and apartment benchmark prices for every municipality in this layer, July 2026, Year-over-year changes on each of those benchmarks, An All TRREB Areas composite benchmark of $934,600, down 4.63% year over year, A City of Toronto composite benchmark of $928,200, down 3.83%
- Market Watch, January 2016: MLS® Home Price Index by municipality · Toronto Regional Real Estate Board · retrieved Supports: Composite benchmark prices for every municipality in this layer at January 2016, the valuation date Ontario assessments are frozen to, A City of Toronto composite benchmark of $612,200 at that date, A Milton composite benchmark of $694,400, up 43.66% over the previous twelve months
- Financial Information Return 2024, Schedule 22: Municipal and School Board Taxation · Ontario Ministry of Municipal Affairs and Housing · retrieved Supports: Lower-tier, upper-tier, education and total residential tax rates for every municipality in Ontario, 2024, The residential assessment each rate is charged against and the taxes it raises, A uniform education rate of 0.153% across the province, The 2025 returns being incomplete at the time of retrieval, with seven of the twenty-four municipalities in this layer not yet filed
- Rental Market Survey: Toronto, average rent by bedroom type, October 2025 · Canada Mortgage and Housing Corporation · retrieved Supports: Toronto CMA average purpose-built rents of $1,761 one-bedroom, $2,045 two-bedroom and $2,294 three-bedroom-plus, A Toronto CMA purpose-built vacancy rate of 3.0%
- Assessment Act, R.S.O. 1990, c. A.31 · Government of Ontario · retrieved Supports: Property is assessed at current value, being the amount the land would realise on a sale, The valuation date is fixed by regulation, and the province has kept it at 1 January 2016 for every year since 2017
- Calculating Land Transfer Tax · Ontario Ministry of Finance · retrieved Supports: Provincial transfer tax brackets, The conditional 2.5% band