Greater Toronto Area
Newmarket Real Estate Appraisals
Residential, Commercial & Industrial Property Appraisals in Newmarket, Ontario
REX Valuations provides professional real estate appraisal and property valuation services throughout Newmarket, Ontario and the surrounding York Region market.
Our appraisal assignments include detached and semi-detached homes, townhouses and condominiums, commercial and mixed-use properties, industrial and warehouse facilities, office and retail properties, vacant land, development land and other specialized properties.
Appraisals may be required for financing, acquisitions and dispositions, matrimonial and litigation matters, estates, property taxation, expropriation, retrospective valuation and other purposes.
Newmarket Real Estate Market – Q2 2026
Newmarket's residential market became more active during Q2 2026, with transaction volumes increasing through the spring and conditions tightening relative to the first quarter.
Approximately 340 residential properties sold in Newmarket during Q2, based on approximately 100 sales in April, 128 in May and 112 in June. Average monthly prices ranged from approximately $1,050,000 to $1,130,000 through the quarter.
By June, Newmarket's MLS HPI composite benchmark was approximately $1,042,000, down approximately 4.5% year-over-year. The municipality had approximately 3.5 months of inventory and a sales-to-new-listings ratio of approximately 43%, indicating broadly balanced conditions.
Commercially, Newmarket remained an important York Region employment and retail centre. Q2 industrial availability in the Aurora / Newmarket corridor was approximately 5.7%, with average asking net rent of approximately $17.80 per square foot. The Town's Upper Canada Mall area and Davis Drive corridor continued to anchor the regional retail market.
Residential Real Estate Market in Newmarket – Q2 2026
Newmarket's residential market offers a mix of established neighbourhoods with mature housing stock and newer communities developed since the 1990s. The town's position as York Region's second-largest municipality supports a broad range of housing types and price points.
Detached homes averaged approximately $1,230,000 in June 2026. Townhouses averaged approximately $890,000 and condominium apartments approximately $620,000.
The sales-to-new-listings ratio moved from approximately 38% in April toward 43% by June, while average days on market declined from approximately 31 to 25. Properties sold for an average of approximately 99% of asking price by June.
Newmarket GO Station on the Barrie line provides regional commuter rail service toward Toronto, and the station's proximity to the downtown core supports residential demand in central Newmarket. The town's position between Aurora and East Gwillimbury also makes it a natural choice for households seeking relatively affordable York Region housing.
Q2 2026 Trend
Newmarket's June MLS HPI benchmark of approximately $1,042,000 was about 4.5% below June 2025. With 3.5 months of inventory and a 43% sales-to-new-listings ratio, the market was broadly balanced — more active than early 2026 but still providing buyers with meaningful selection.
Newmarket Q2 2026 Residential Market Snapshot
| Indicator | Q2 2026 Quarter-End |
|---|---|
| Sales — April 2026 | ~100 |
| Sales — May 2026 | 128 |
| Sales — June 2026 | 112 |
| Average Price — April | $1,050,000 |
| Average Price — May | $1,130,000 |
| Average Price — June | $1,095,000 |
| MLS HPI Benchmark — June | $1,042,000 (-4.5% YoY) |
| Months of Inventory — June | 3.5 |
| Sales-to-New-Listings Ratio — June | 43% |
| Avg. Days on Market — June | 25 |
| Sale-to-List Price Ratio — June | ~99% |
| Detached Average — June | $1,230,000 |
| Townhouse Average — June | $890,000 |
| Condo Apartment Average — June | $620,000 |
TRREB-derived Newmarket market data, April–June 2026; TRREB MLS HPI, June 2026.
Residential Neighbourhoods in Newmarket
Newmarket contains a range of housing markets, and values can differ materially across relatively short distances.
Downtown Newmarket / Old Town
The historic core of Newmarket containing older detached housing, heritage properties, commercial buildings and mixed-use development near Main Street South and Yonge Street. Heritage character and proximity to Newmarket GO Station can be relevant valuation considerations.
Gorham-College Manor
An established central Newmarket community containing predominantly detached and semi-detached housing.
Huron Heights / Leslie Valley
Established residential communities in east Newmarket containing detached homes and townhouses.
Stonehaven-Wyndham
Contains established detached housing in south Newmarket near Yonge Street.
Summerhill Estates
A newer residential community in north Newmarket containing detached homes and townhouses.
Woodland Hill
Contains newer detached and semi-detached housing in north Newmarket.
Glenway
A newer residential community in west Newmarket containing detached homes, townhouses and some condominium development.
Armitage / Newmarket North
North Newmarket communities containing newer residential development near Green Lane.
Commercial Real Estate Market in Newmarket – Q2 2026
Newmarket's commercial real estate market is anchored by its position as York Region's second-largest municipality and a major regional retail and employment centre.
The municipality contains industrial, manufacturing, logistics, warehouse, office, retail and service-commercial properties. Upper Canada Mall is one of York Region's major regional shopping centres and anchors the retail market in the Yonge Street / Davis Drive area.
Newmarket's economic development priorities include advanced manufacturing, health sciences, professional services, information technology and retail.
Industrial Property in Newmarket
Newmarket's industrial market forms part of the broader Aurora / Newmarket industrial corridor during Q2 2026.
Industrial availability in the corridor was approximately 5.7%, with average asking net rent of approximately $17.80 per square foot. Newmarket's industrial inventory is concentrated in employment areas along Mulock Drive, Harry Walker Parkway and Gorham Street.
Newmarket's industrial properties range from older small-bay manufacturing and service-industrial buildings to newer mid-bay facilities. The municipality's proximity to Highway 404 and the planned Highway 404 extension supports demand from logistics and distribution users.
For appraisal purposes, building age, clear ceiling height, shipping configuration and proximity to major highways are particularly relevant value factors in Newmarket's industrial market.
Key industrial valuation factors
- Building area and clear ceiling height
- Truck-level and drive-in shipping
- Office percentage and site coverage
- Yard area and outside storage
- Electrical capacity and building age
- Highway 404 access
- Zoning and environmental condition
- Redevelopment potential
Retail and Mixed-Use Property in Newmarket
Newmarket's principal commercial corridors include Yonge Street, Davis Drive, Mulock Drive and the Upper Canada Mall / Bayview Avenue area.
Upper Canada Mall is one of York Region's major regional shopping centres and a significant anchor for the Newmarket retail market. The municipality also contains neighbourhood plazas, power centres, automotive properties, restaurants and professional offices.
Retail and commercial property values in Newmarket are influenced by traffic volumes, visibility, parking, anchor tenancy, lease terms and the competitive retail environment within York Region.
What Drives Real Estate Values in Newmarket?
Newmarket's economy includes advanced manufacturing, health sciences, professional services, information technology, retail and education. Southlake Regional Health Centre is one of the municipality's largest employers and supports demand for medical office and health-sciences properties.
The municipality's employment lands along Mulock Drive and Harry Walker Parkway support a range of industrial, commercial and office uses.
Major Commercial and Employment Areas in Newmarket
Mulock Drive Employment Area
Newmarket's principal industrial and employment district, containing manufacturing, warehouse, distribution and service-industrial properties.
Harry Walker Parkway
Contains newer industrial and employment properties in north Newmarket with access to Highway 404.
Gorham Street Industrial Area
Older established industrial properties in central Newmarket.
Yonge Street / Davis Drive Commercial Corridor
Newmarket's primary retail and commercial spine, anchored by Upper Canada Mall and containing a range of retail, office and service-commercial properties.
Transportation and Accessibility
Newmarket GO Station on the Barrie line provides regional commuter rail service toward Toronto and Barrie. The station is located near the downtown core and is a significant influence on residential demand in central Newmarket.
Highway 404 provides north-south access connecting Newmarket to the Highway 401 / DVP corridor and to East Gwillimbury and Bradford. The planned extension of Highway 404 north of Green Lane is expected to improve access to north Newmarket and East Gwillimbury.
Yonge Street is Newmarket's principal arterial road and connects the municipality to Aurora and East Gwillimbury. York Region Transit provides local bus service connecting Newmarket communities, including the Viva rapid transit service along Yonge Street and Davis Drive.
Development, Planning and Zoning in Newmarket
Newmarket's planning framework reflects its status as an Urban Growth Centre within York Region and the significant intensification pressure it faces along the Yonge Street and Davis Drive corridors.
The Yonge Street and Davis Drive corridors are designated for intensification and mixed-use development under Newmarket's Official Plan. Properties along these corridors may have redevelopment potential that requires analysis of planning permissions, approved density and development timing.
Newmarket's Official Plan reflects the requirements of the Growth Plan for the Greater Golden Horseshoe and the municipality's role as a Regional Centre. The Town is expected to accommodate substantial additional population and employment growth through 2051.
What Affects Property Value in Newmarket?
There is no single "Newmarket price per square foot" that reliably determines market value. A professional appraisal considers the specific competitive market for the property, rather than applying a municipal average to an individual asset.
Residential
- –Neighbourhood and housing type
- –Lot size and building area
- –Age, condition and renovation quality
- –Newmarket GO Station proximity
- –Highway 404 and Yonge Street access
- –School quality and community amenities
- –Recent comparable sales
Commercial & Industrial
- –Zoning and permitted use
- –Building area, clear height and shipping
- –Site coverage and outside storage
- –Market rent, vacancy and lease terms
- –Highway 404 access
- –Yonge Street / Davis Drive corridor visibility
- –Redevelopment potential
Vacant & Development Land
- –Official Plan and intensification corridor designation
- –Zoning and development approvals
- –Servicing availability and development charges
- –Environmental constraints
- –Highest and best use
Real Estate Appraisal Services in Newmarket
REX Valuations provides appraisal and valuation services for a range of Newmarket properties, including commercial, office and industrial properties; residential properties; vacant and development land; investment properties; and specialized real estate.
Assignments may be required for
- Financing
- Acquisition or disposition
- Estate matters
- Matrimonial proceedings
- Litigation support
- Property taxation
- Expropriation
- Insurance
- Investment analysis
- Retrospective valuation
Newmarket Real Estate Appraisal – Quick Answers
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