Newmarket, York Region, Ontario

Cost of Living in Newmarket

Newmarket balances affordability and lifestyle — here's the true cost

$2,600
avg 2BR rent/mo
$1.12M
avg home price
0.75%
property tax rate
$320
GO Transit/mo

About Newmarket

Newmarket is the administrative heart of York Region. Riverwalk Commons, Fairy Lake, Upper Canada Mall, and Southlake Hospital make it a complete community. Strong GO Transit connections.

Highlights

  • Newmarket GO: 45 min to Union Station
  • Riverwalk Commons & Main Street revitalization
  • Southlake Regional Health Centre
  • More affordable than southern York Region cities

True Monthly Cost Summary

Renting a 2BR (single person)

$3,543/mo

Rent + utilities + transit + groceries + insurance

Buying avg home (20% down, 5.5%)

$8,306/mo

Mortgage + tax + utilities + transit + groceries + insurance + maintenance

Buying avg home (family of 4)

$9,291/mo

Same as above + family grocery costs

Calculate Your True Cost

Detailed Cost Breakdown — Newmarket

All figures are 2026 estimates from public sources.

Average 2BR Rent
$2,600/mo
Average Home Price
$1,120,000
Average Condo Price
$580,000
Property Tax Rate
0.75%
Monthly Utilities
$275/mo
GO Transit Pass
$320/mo
Groceries (single)
$415/mo
Groceries (family)
$1040/mo

Sources: York Region municipal bylaws (property tax), Enbridge/Alectra (utilities), Metrolinx (GO Transit), StatsCan CPI (groceries), CMHC (rents), TRREB (home prices). Not financial advice.

Current Listings in Newmarket

1 rental and 1 sale available (demo data).

$3,100/mo

3BR Townhouse — Newmarket

Rent

Davis Dr area

3 Bed · 2 Bath · 1,450 sqft

$889,000

3BR Semi — Newmarket

Sale

Mulock Dr / Leslie area

3 Bed · 2 Bath · 1,650 sqft

Not financial advice. All data comes from public sources (York Region, MPAC, StatsCan, CMHC). Verify with a licensed professional.

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