Buying Real Estate in Newmarket, ON
Check out the Communities and Neighbourhoods around Newmarket
Newmarket is a town and regional seat of the Regional Municipality of York in the Canadian province of Ontario. It is part of Greater Toronto in the Golden Horseshoe region of Southern Ontario. The name stems from the fact that the settlement was a “New Market”, in contrast to York as the Old Market.
The town was formed as one of many farming communities in the area, but also developed an industrial centre on the Northern Railway of Canada’s mainline, which was built in 1853 through what would become the downtown area. It also became a thriving market town with the arrival of the Metropolitan Street Railway in 1899. Over time, the town developed into a primarily residential area, and the expansion of Ontario Highway 400 to the west and the construction of Ontario Highway 404 to the east increasingly turned it into a bedroom town since the 1980s. The province’s Official Plan includes growth in the business services and knowledge industries, as well as in the administrative, manufacturing and retail sectors.
Landmarks include Upper Canada Mall, Southlake Regional Health Centre, the Main Street Heritage Conservation District, and Wesley Brooks Conservation Area (locally called “Fairy Lake Park” or “Fairy Lake”).
Your #1 Guide To Real Estate In Newmarket
Real Estate | Livability | Crime Rates | Cost of Living | Amenities
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The Town Of Newmarket
- Newmarket has a Livability Score of 93/100, which is considered exceptional
- Newmarket Crime Rates are 18% lower than the Ontario average
- Cost of Living in Newmarket is 8% lower than the Ontario average
- Newmarket Real Estate prices are 18% lower than the Ontario average
- Rental Prices in Newmarket are 100% lower than the Ontario average
The #1 guide to living in Metro Toronto, ON for 2021, is compiled using the AreaVibes Livability Score which is calculated from a score out of 100 and based on various categories. These categories include amenities, cost of living, crime rates, education, employment, housing, and weather.
Greater Toronto Area
The Greater Toronto Area, commonly referred to as the GTA, includes the City of Toronto and the regional municipalities of Durham, Halton, Peel, and York. In total, the region contains 25 urban, suburban, and rural municipalities. The Greater Toronto Area begins in Burlington in the Halton Region, and extends along Lake Ontario past downtown Toronto eastward to Clarington in the Durham Region.
According to the 2021 census, the Census Metropolitan Area (CMA) of Toronto has a total population of 6,202,225.