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Newmarket, ON, is a charming town with a lot to offer home buyers. Its proximity to Toronto and Lake Simcoe makes it a popular commuter suburb. Inside the town, There are over 45 active parks and open spaces and over 800 acres of parkland in Newmarket! Picnic areas, trails, playgrounds, soccer pitches, ball diamonds, tennis courts and basketball courts can be found in various parks throughout the Town. Newmarket also includes a wide range of housing choices, abundant commercial and business sectors, and a championship golf course. 

If you're thinking of making a home purchase in Newmarket, you'll want to know all there is to know about the real estate market. Keep reading to answer some of the most commonly asked questions about Newmarket homes and property.

What is the average price of a home in Newmarket, ON?

The average price for a home in Newmarket ON varies depending on location and size but typically averages around $1,266,924 (April 2022) for a detached home. The May median list price was $1,398,000 with 119 detached homes for sale.

There are also several luxury properties available in Newmarket that can sell for much more. The top of the market in April 2022 was a $2,580,000 renovated Kingdale Road home on 2 acres, with an inground pool.

The Newmarket housing market has become quite dynamic, with prices projected to continue plateauing over the next several months. Prices were up 20.5% from February 2021 to February 2022. Inventory is also low.

Are there any condos or townhomes available in Newmarket, ON? 

Yes, Newmarket has a good selection of new condos and condo townhomes available for purchase.  Prices for these properties started at $549,900 in May and went up from there. The most expensive condo townhome is in the On Bogart Pond community with over 1,700 sq ft of space and asking for $1,200,000.

Several new condominium communities are available in Newmarket in 2022. The total doesn't include mixed-use residential communities like King George Lofts and Kingsley Square  Some communities to look at include The 11 On Charles Towns, The Davis Condos, Redwood On Yonge Condos and the Elia Towns.

Are there any new developments or construction happening in Newmarket?

Several new condominium communities are available in Newmarket in 2022. The total doesn't include mixed-use residential communities like King George Lofts and Kingsley Square  Some communities to look at include The 11 On Charles Towns, The Davis Condos, Redwood On Yonge Condos and the Elia Towns.

Newmarket is a good place to look if you're interested in purchasing a home in a brand new subdivision or buying new construction.

What is the property tax rate for Newmarket, ON?

The current property tax rate in Newmarket is .0.794819% of the taxable value of your home.  Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax.   It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.

Is Newmarket, ON, a safe place to live?

Yes, Low crime rates make Newmarket one of the safest places to live in Canada.  - In Newmarket, the people are warm, friendly and kind. Its combination of a big city vibe and small-town feel extends to its residents who are quintessentially Canadian. Newmarket is a safe place to live, with a 1.5 per 1,000 residents reported crime rate. The community is considered very friendly and welcoming to newcomers.\

Is Newmarket, ON growing?

Newmarket is the slowest growing municipality in York Region — it has been growing consistently at about 1.5 percent annually and now boasts a population of 90,000 — but it is benefiting as nearby business centres in King Township, East Gwillimbury and Whitchurch Stouffville grow at a much faster pace. Newmarket is growing rapidly and is projected to continue doing so in the future.

What is the cost of living in Newmarket, ON?

The index allows an individual to compare the cost of living between different locations. As reported in 2019, Newmarket's overall cost of living is 103, compared to Ontario Province at 111, using a national average of 100. 

What neighbourhoods are in Newmarket, ON?

There are more than a dozen subdivisions in town, plus other neighbourhoods.  Stonehaven Estates, Glenway, Harvest Hills and College Manor are some of the largest single-family subdivisions based on the number of housing units.

Copper Hills and Wyndham Village are also popular communities as it is pedestrian-friendly and offers numerous lifestyle amenities nearby. The housing includes single-family and townhomes. The London-Bristol Road Marilyn offers Powell Park off London Road has a children’s playground, baseball diamond, picnic areas and trails. Proctor Park at 277 Primrose Lane also has a playground, sports field and trails. The Nokidaa Bike Trail winds its way from Newmarket to Aurora through the forest and open fields. This trail can be accessed from the nearby Mabel Davis Conservation Area off Davis Drive or Bayview Parkway.

Other popular neighbourhoods in Newmarket include Summerhill, Armitage, and Downtown Newmarket. These neighbourhoods offer a variety of home styles and prices, making them perfect for nearly any home buyer. Each has a suite of amenities to appeal to various lifestyles, from nearby shopping, parks and restaurants.

How is Golf in Newmarket, ON?

Although there is not a golf course located in the town, there are several well-known golf courses just a short drive from town.

Silver Lakes Golf & Country Club is a beautiful club located just north of Newmarket and offers first-rate facilities.  St. Andrew's Valley Golf Club is an immaculate course that is as beautiful as it is challenging, with water coming into play on 14 holes, and wickedly undulating greens. Called "One of the five best public courses in Ontario" by Score magazine - and simply "Canada's toughest golf course by others - St. Andrew's prides itself on being a real player's course, designed and managed by avid golfers.

Eagles Nest Golf Club is an exquisite balance of nature and design, this spectacular layout, crafted by Canada’s premier golf course architect Doug Carrick, offers a truly unique links-style golf experience. The course, spread over 235 acres of breathtaking scenery in a converted sand and gravel quarry, presents unexpected challenges for golfers of all levels. Signature holes abound as you traverse the rugged landscape reminiscent of classic Irish Links.  

What areas are near Newmarket, ON?

Some of the closest areas to Newmarket include Aurora, East Gwillimbury, and Bradford. These towns offer a variety of shopping, dining, and entertainment options and are all just a short drive away.

Keswick is a community located just north of Newmarket. Situated in Cook's Bay on Lake Simcoe. The town has become a popular destination in Ontario for fishing, swimming, boating ice fishing and snowmobiling. 

Innisfil is another lakeside town for outdoor recreation enthusiasts to enjoy boating, fishing, and swimming on Lake Simcoe. It offers Innisfil Beach Park and great employment opportunities.

Stouffville gets checkmarks for high income, low crime rate and good weather. Is approximately 20 kilometres southeast of Newmarket. The Queen City is a center for professional sports, performing arts, education, dining, and retail. If you're looking for even more things to do, Stouffville is the place to be. 

What to know about living in Newmarket, ON

Newmarket is a great place to live for anyone who wants a small-town feel with all the amenities of a big city. The town is growing and has a lot to offer its residents. From its beautiful Fairy Lake Downtown to its excellent walking trails and parks, Newmarket will please everyone.

If you're looking at living in Newmarket, contact a local real estate agent to find the right neighbourhood for you.