Planning to buy your new home in Newmarket? That's great! Maybe you always wanted to buy a home here because you had a dream to live near the cottage country. Or maybe you want your new home near the downtown Toronto area, but not right next to it. Either way, Newmarket will be perfect for you. There are a lot of reasons why others are buying a house for sale in Newmarket, and you should too.
You would certainly want your new area to have a premium education and healthcare system, right? Thankfully, Newmarket ticks these two boxes. The Southlake Regional Hospital is in Newmarket. It is one of the biggest hospitals in Newmarket. Also, there are more than 48 public schools in Newmarket. Here are some of the top schools in the area -
GRADES: JK to 8
GRADES: JK to 8
GRADES: 1 to 8
GRADES: 9 to 12
GRADES: 9 to 12
Take a look at the homes for sale in Newmarket near good schools now!
Would you hate to travel to Toronto every day for your work? If yes, you should definitely look at an MLS listing in Newmarket and get your new home here. People usually love to move to Newmarket and the York Region as there are a lot of job openings here. Almost half of the residents in Newmarket have a job right in the town or somewhere near it. So, rest assured, whatever industry you wish to work in, you’ll easily find a job near your new home in Newmarket, and you don't have to go to Toronto for it.
Some of the employers in the town are -
You’ll find a lot of shopping malls here like the Upper Canada Mall, Newmarket Plaza, and RioCentre Newmarket. Do you not like the long lines at the mall? No problem - you can head over to Main Street Newmarket and shop from the countless boutique and mom-and-pop stores there.
You’ll find Newmarket’s name along with the other relatively affordable cities in the GTA like Ajax, Whitby, and Pickering. Its home prices are quite low compared to Markham, Richmond Hill, and Oakville - all the pricey areas in the GTA. The average price of a house in Newmarket was $1.04M in November 2024. The price of a house in Oakville was 39% higher than this.
You won’t have a lot of problems travelling to and fro Newmarket. The transit system in the town is truly excellent. If you have to go to any cities in the Greater Toronto and Hamilton area, you can get a train or bus from the Newmarket GO Station. And if you’re going anywhere within Newmarket or the York Region, you can take a Viva bus. There is a dedicated Viva bus lane in Newmarket in the middle of Yonge Street.
Scroll above and explore the houses for sale in Newmarket Ontario now!
The price of all home types in the Newmarket housing market went up from $1.17M to $1.22M (May to June 2024). But during this same time, the price of houses in most cities in Ontario stayed almost the same. It was only in Newmarket that we could see the price of houses going up. This means the demand for houses in this town is quite high. Here are some other things you need to know about the real estate market in Newmarket -
Highlights of the Newmarket Housing Market -
Sure, you'll have to pay a little bit more to make one of these houses yours in Newmarket. This can certainly make you think about going for a condo or townhouse instead. But trust us, you’ll get a lot of perks in a detached or semi-detached house in Newmarket that can make you feel like the house is truly worth the buck.
Want to change the colour of your garage door or leave your Christmas decorations hanging throughout the year? You can do anything you want in your new house in Newmarket. There would be no HOA (Homeowner’s Association) to object to this.
Both detached and semi-detached houses have a lot more rooms and the size of each of these rooms is big. There might even be an extra space in the house that you can turn into an office or your cosy corner. You’ll also have a big yard right outside your house, in the front or backside. But in the apartments in Newmarket, you would only have a small balcony or an outdoor space that you’d have to share with everyone in the building.
Want to renovate or expand your new home? You can do this easily in a detached or semi-detached house in Newmarket. In these houses, you can add rooms or build a pool or deck in your yard. As long as you’re following the local building codes, you basically have the freedom to make the house feel truly yours.
There were 21% more detached houses sold in Newmarket from January to November 2024. Buyers are picking this option among other home types because of the many perks that they get in a detached house. And because the price of these houses is relatively low in this town.
This neighbourhood is in the centre of Newmarket. It was once home to the Glenway Golf and Country Club but it was sold away in 2009.
Highlights of the Glenway Estates Area -
Want your new home in Newmarket to be near good schools and a lot of amenities? If yes, Stonehaven-Wyndham, the area in the southeast would be great for you.
Highlights of the Stonehaven-Wyndham Area -
This neighbourhood is in the northwest section of Newmarket. It was originally a part of East Gwillimbury Township.
Highlights of the Huron Heights-Leslie Valley Area -
Put all your home-buying stress to rest and find your new home in Newmarket easily with The Canadian Home. At The Canadian Home, you’ll get a range of advanced search filters that can help you find all those houses that could be the perfect fit for you. You can filter properties by price, city, and any other features that you want in your new home in Newmarket. Not just that, there are a lot of other tools and features at The Canadian Home that can help you find a house that feels like home.
Want to know which rooms are on which floor but are not ready to visit the home yet? You can just scroll down on the property details page at The Canadian Home and check the “Rooms” section. Here, you’ll get details about which rooms are on which floor of the home for sale in Newmarket and the square feet of each room.
You can get in touch with an expert Realtor directly from The Canadian Home. The Canadian Home lets you chat with the real estate expert right away about the house for sale in Newmarket Ontario. Or you can request a call back from the Realtor at any time that might be convenient to you.
Did you like a listing at The Canadian Home and want to share it with your friends and family? Easy - tap on the “Share” button and share the listing directly through Facebook, WhatsApp, or Twitter. You can also copy the link to the New Market house for sale, share it on any platform, and hear what your friends and family have to say about the home.
You should check this out before you put forth an offer on a house you’re looking at. Why? That’s because here, you can check out similar homes that were recently sold in Newmarket. You can compare these homes with the one you’re looking at and find out if their price tag is fair or not. Take a look at the recently sold properties in Newmarket now!
Do you want to rent out the house that you’re buying in Newmarket? Check out the “Best for Investment” Properties at The Canadian Home! Our team prepares an estimate of the rental yield, rental score, and monthly rent of each property. These numbers will help you understand if the MLS listing in Newmarket will be great for investment or not.
Time to find the perfect place to call home in Newmarket. Take a look at the homes for sale in Newmarket Ontario!
The average price of houses in Newmarket is $ 1,002,349 . The price of homes in this town has dipped by 8% from January to November 2024. But next year, with lower interest rates and new mortgage reforms, the price of homes in Newmarket may go up again.
If you need a lot of space and bigger rooms in your new home, you should get a detached house. There’s usually a large yard in a detached house for sale in Newmarket that can be great if you have kids. The price of these homes usually also holds steady or increases over time, especially if the house is near good schools.
If you need a lot of space in your new home, at least more than the townhouses and apartments in Newmarket, you should get a semi-detached house. The price of these homes is also much lower as compared to a detached house in Newmarket.
No, Newmarket is not a city. It’s a town and regional seat of the Regional Municipality of York. This means that all the main government offices of the York Region are located in Newmarket. Newmarket is near these cities in Ontario - Toronto, Aurora, Bradford, Richmond Hill, Muskoka, Kawartha Lakes, and Markham.
No, Newmarket is not a part of Toronto. It is a town that is located about 45 kilometres north of Toronto. Newmarket is part of the York Region, which is part of the Greater Toronto Area (GTA).
The average closing costs of a home for sale in Newmarket, Ontario, are between 1% and 4%. It is you, the homebuyer, who has to pay these closing costs usually. But if you’re in a buyer’s market or if the seller is in a hurry to sell the home, the seller might agree to pay the closing costs on behalf of you.
Yes, if the price of the house for sale in Newmarket Ontario is $1.5 million or more, you’ll have to put down a 20% down payment. You can also make a 20% down payment on a house that is below $1.5 million if you want to skip the mortgage insurance cost.
The minimum down payment requirement for homes in Newmarket under $500,000 is still the same. You would have to put down 5% for these homes. But now, you’ll have to pay 5% for the first $500,000 and 10% for the portion above $1,499,999. Earlier, the upper limit used to be at $999,999. So, now, you’ll have to put down a 20% down payment for houses above $1,500,000.
Yes, during a mortgage pre-approval, there is usually a hard enquiry on your credit report. So, this can lower your credit score by a few points. That being said, a mortgage pre-approval is a key part of the home-buying process and you should not skip it.
You can get an insured mortgage with 30-year amortization if you're unable to afford a Newmarket house for sale. Your monthly payments will get much lower in a 30-year mortgage than a 25-year mortgage. But you’ll have the loan for a longer period, and you’ll also have to pay more interest over the life of the loan. The 30-year insured mortgage is only for first-time homebuyers and buyers of new builds. Check out how your monthly payments will be on a 30-year loan in Newmarket with our mortgage calculator!