Newmarket · York Region

Mortgages in Newmarket, compared across lenders

We compare banks, credit unions and monoline lenders for your Newmarket purchase, renewal or refinance, and explain the trade-offs in plain English.

We help Newmarket households buy, move up, renew and refinance with banks, credit unions, trust companies and monoline lenders. In September 2026 the median Newmarket sale was $872,500, across 64 sales (TRREB, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Newmarket in numbers

These are the latest published figures we could check for Newmarket, each with its source and date. They describe the market, not your mortgage.

Home sales, September 2026

Median sale price: $872,500
Average sale price: $915,986
Sales: 64
Months of inventory: 4.2

Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales. Detached homes: 36 sales, median $1,046,500. January to September 2026: 662 sales, median $941,500.

Source: TRREB, GTA Market Watch, September 2026, Newmarket row, all home types. Checked October 2026.

Residential property tax rate, 2026

Total rate: 0.919045%

Made up of Town 0.373633% + York Region 0.392412% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.

Source: Town of Newmarket, 2026 Schedule of Tax Rates (Schedule A), Schedule A, dated 3 June 2026. Checked October 2026.

Renting, October 2025

Average two-bedroom rent: $2,046 a month
Vacancy rate: 3.0%

A year earlier the rent was $1,974 and vacancy 2.5%. The survey covers purpose-built rental apartments in private buildings of three or more units.

Source: CMHC Rental Market Survey, Table 1.0, published 11 December 2025, Toronto CMA (census metropolitan area). Checked October 2026.

Households, 2021 Census

Households that own: 75.8%
Median household income (2020): $110,000

Town of Newmarket (census subdivision 3519048): 30,300 households, population 87,942. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, Town of Newmarket (census subdivision 3519048). Checked October 2026.

GO Barrie line to Union Station

Scheduled time: 1 h 2 min

GO train stations: Newmarket. The time is for the weekday 6:57 and 7:37 a.m. trains.

Source: GO Transit schedule, table 65 (Barrie line), effective 5 and 8 September 2026. Checked October 2026.

What's different about borrowing in Newmarket

Newmarket is in York Region, so a purchase pays Ontario's land transfer tax only. Our land transfer tax calculator shows the amount.
Newmarket's 2026 residential property tax rate is 0.919045% of the home's assessed value, counting the Town, York Region and education parts (Town of Newmarket, 2026 Schedule of Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
A two-bedroom apartment in the Toronto census metropolitan area (CMA), which includes Newmarket, rented for $2,046 a month on average in October 2025, up from $1,974 a year earlier (CMHC, checked October 2026). Vacancy was 3.0%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
In the 2021 Census, 75.8% of households in the Town of Newmarket owned their home, and the median household income in 2020 was $110,000 (Statistics Canada, checked October 2026).
The GO Barrie line stops at Newmarket. Weekday morning trains from Newmarket are scheduled to reach Union Station in 1 hour 2 minutes (GO schedule effective 5 and 8 September 2026, checked October 2026). If you will commute, put the fare in your budget next to the mortgage payment.

Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.

Who we help in Newmarket

We help Newmarket households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.

If you buy before your current home closes, a bank bridge loan can cover the gap once your sale is firm, subject to lender approval. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.

Questions from Newmarket borrowers

Does a long commute affect my mortgage?

Only partly. A car loan payment counts in your TDS (total debt service, all your debt payments as a share of income), but fuel and transit fares do not. We still build them into what you are comfortable paying.

Do I pay Toronto's land transfer tax in Newmarket?

No. Newmarket is in York Region, so only Ontario's land transfer tax applies.

Illustrative, not a quote: on the September 2026 median Newmarket sale of $872,500, Ontario's tax is $13,925, or $9,925 if you qualify for the full $4,000 first-time buyer refund (TRREB median and ontario.ca brackets, checked October 2026).

This is our arithmetic. 0.5% of the first $55,000 is $275, and 1% of the next $195,000 is $1,950. Then 1.5% of the next $150,000 is $2,250, and 2% of the last $472,500 is $9,450.

Your lawyer works out the exact amount at closing.

I'm buying in Newmarket before my current home sells. What are my options?

A bridge loan, if your sale is firm. Many banks offer one to cover the gap between the two closings, subject to lender approval. If the sale is not firm yet, we talk through the risks before you commit to buying.

Nearby: Aurora · Richmond Hill · Barrie · Bradford West Gwillimbury

General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.

Sources

TRREB, GTA Market Watch, September 2026, checked October 2026.
Town of Newmarket, 2026 Schedule of Tax Rates (Schedule A), 2026 tax year, checked October 2026.
CMHC Rental Market Survey, Table 1.0, published 11 December 2025, October 2025, checked October 2026.
Statistics Canada, 2021 Census of Population, Census Profile, Town of Newmarket (census subdivision 3519048), 2021 Census, checked October 2026.
GO Transit schedule, table 65 (Barrie line), schedule effective 5 and 8 September 2026, checked October 2026.
Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
Land transfer tax example: our arithmetic, Ontario's brackets applied to the TRREB September 2026 median, less the $4,000 first-time buyer refund, checked October 2026.

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Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.

You can also call us at (416) 371-2077.

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