If you were to list the most expensive places in Ontario, Newmarket probably wouldn't land very high on that list. Compared to nearby GTA cities like Toronto, Mississauga, Richmond Hill, and more, home prices in Newmarket are still relatively lower. So, if you have planned to settle in the GTA without pushing your budget to its limit, a townhouse for sale in Newmarket can truly be an excellent fit for you. As of April 2026, the average sold price of a freehold townhouse in Newmarket is $874.4K - condo townhouse prices are around $649.5K. So, as you can see, townhomes tend to cost a lot less than detached homes (average price of detached homes - $1.15M). However, keep in mind, townhouses still come with most of the perks of a standalone house -
Above, you'll find the latest townhouses for sale in Newmarket - scroll up and check them out. And if you want to learn more about Newmarket in detail, just keep reading - we'll walk you through key things you should know.
The town of Newmarket is in York Region, part of the Greater Toronto Area. It serves as the administrative centre of York Region. With major highways and transit, Newmarket is well-connected, making it easier for people working in Toronto to commute every day.
Home prices in Newmarket are on the higher side, especially if you compare them to the smaller cities and towns in Ontario. That's mainly because Newmarket is part of the GTA, so it naturally gets pulled into that same expensive housing market. But here's the flip side - properties here, including townhomes for sale in Newmarket, are more affordable than what you'd typically see in downtown Toronto and most other cities in the GTA. So, in simple terms, Newmarket real estate is not the most budget-friendly area - but it's not the most expensive in the GTA either.
| Average Property Prices in Newmarket - April 2026 Market Update | |
|---|---|
| PROPERTY TYPE | AVERAGE SOLD PRICE |
| Detached Houses | $1.15M |
| Semi-Detached Homes | $829.98K |
| Freehold Townhouses | $875.44K |
| Condo Townhouses | $649.50K |
| Condo Apartments | $533.92K |
Source - Newmarket Housing Market Trends
Property taxes in Newmarket are generally on the lower side - especially when you compare them to many nearby cities in the Greater Toronto Area. The town has consistently worked to keep its property taxes competitive. In fact, it has aimed to keep them about 10% below the GTA average overall.
0.891649 %
Source - WOWA
The cost of living in Newmarket is a bit higher than the overall average in Canada, mostly because of demand and location. But it's lower than what you'd usually see in Toronto and other major GTA cities.
Living expenses in Toronto are 16.6% higher compared to Newmarket when rent is not included.
Source - Numbeo
The job market in Newmarket is fairly strong and stable - especially for a suburban town. Employment opportunities here are mainly centred around -
One of the largest employers in the area is Southlake Regional Health Centre - it supports a wide range of medical and administrative roles. At the same time, in Newmarket, you're not limited to jobs within the town as this area benefits from being part of the Greater Toronto Area. Residents can easily commute to nearby hubs like Toronto, Markham, and Richmond Hill if they find that the job options in Newmarket aren't enough.
Public transit in Newmarket is mainly handled by York Region Transit. This network runs local buses that connect -
On top of that, the Viva system offers faster, limited-stop bus service in Newmarket along major corridors. For longer distance travel - especially if you work in downtown Toronto - GO Transit is a major advantage. The Newmarket GO Station provides both bus and train services that can take you directly to Toronto. Newmarket is also well connected by major highways (404) - the highway links straight to Toronto. However, if you're driving during peak hours, traffic can be heavy - but it's still lighter than driving within Toronto itself.
Newmarket is widely considered a safe place to live- crime rates here are significantly lower than national averages.
40% lower than the national average
37% lower than the national average
1 in 40
Source - Area Vibes
Newmarket's schools are mainly run by two boards that cover a wide range of elementary and secondary institutions across the town -
| Top-Ranked Schools in Newmarket | |
|---|---|
| SCHOOL NAME | FRASER INSTITUTE RATING (2023/2024) |
| ELEMENTARY SCHOOLS | |
| Bogart Public School | 8.6 |
| Stuart Scott Public School | 7.9 |
| Rogers Public School | 7.8 |
| SECONDARY SCHOOLS | |
| Newmarket High School | 8.5 |
| Sacred Heart Catholic High School | 7.2 |
| Sir William Mulock Secondary School | 6.6 |
As for higher education, there isn't a major university campus located directly in Newmarket - but the town is in a well-connected part of the Greater Toronto Area. Because of that, you can reach several colleges and universities in nearby cities - no need to travel far.
The Southlake Regional Hospital in Newmarket serves not just this town but also a large part of northern York Region and southern Simcoe County. This hospital sees a high number of patients every year and provides advanced care in areas like -
Along with that, Newmarket also has other healthcare options, including -
Newmarket gives you a "calm suburban lifestyle". But here, you won't be completely cut off from big-city opportunities - after all, this town is part of the Greater Toronto Area. Basically, in Newmarket, you get quieter streets, less congestion, and a more relaxed pace of life - while still being connected to jobs, entertainment, and services in nearby urban areas.
Homes here are usually more spacious than what you'd find in downtown Toronto. Townhouses for sale in Newmarket often come with more square footage, driveways, and even backyards - something that's much harder to find in denser parts of the GTA unless you're paying a premium.
Healthcare is a big plus here, with Southlake Regional Health Centre acting as a major regional hospital. Add in clinics and ongoing investment in healthcare infrastructure - and you're well supported when it comes to healthcare in Newmarket.
If you're someone who enjoys the outdoors, Newmarket doesn't disappoint since there are parks and trails spread across the town - another great reason to consider townhomes in Newmarket and make the move here. There are a lot of green spots, making it easy to stay active without leaving town -
Keep in mind that Newmarket is part of the GTA - and because of that, home prices in this town stay relatively high compared to cities outside this region.
If your job is in Toronto or other parts of the GTA, commuting can take quite a bit of time - especially during rush hours.
Newmarket has restaurants and local spots - but here, you won't find the same level of nightlife, cultural events, or entertainment that Toronto offers.
Hopefully, you now have a better idea of what Newmarket offers and the areas where this town falls short. If you’re someone looking to live within the Greater Toronto Area, Newmarket can feel like the perfect fit. The town offers larger homes, quieter streets, and a slower, more relaxed pace of life - while still keeping you within reach of downtown Toronto and other parts of the GTA whenever needed. So, if you’re ready to call this town home, now might be the right time to check out Newmarket townhomes for sale and find the right place to settle down. And if you would like to compare what other cities offer in terms of housing, you can take a look at properties for sale in Ontario.
Currently, detached homes in Newmarket have an average listing price of $ 1,388,013 , semi-detached homes are listed around $ 890,612 , and condo apartments average $ 591,017 . At the same time, the current average listing price of townhomes in Newmarket is $ 852,261 .
Right now, you can find 215 detached houses, 41 semi-detached homes, 33 condo apartments and 56 townhouses in the Newmarket real estate market.
Newmarket is officially a town located in Ontario, Canada. It sits within the Greater Toronto Area and is known for its suburban feel, family-friendly neighbourhoods, parks, and relatively more affordable housing options compared to larger nearby cities like Toronto and Mississauga.
Freehold townhomes in Newmarket give you more control, privacy, and no monthly condo fees, but maintenance costs are your responsibility. Condo townhouses are usually more affordable upfront and include shared maintenance services, making them a good option for buyers who prefer lower upkeep and simpler day-to-day living.
Choosing between a fixed and variable mortgage rate depends on your risk tolerance, not market trends. If you’re comfortable with payment fluctuations and want potential savings when rates fall, a variable rate may suit you. But if you prefer stable, predictable payments and peace of mind, a fixed rate is the better choice.