New Condos Newmarket

In October 2025, homes in Newmarket averaged just over $1 million, with prices varying by property type. Detached homes led the market at around $1.15 million, followed by semi-detached homes at about $803,000. Townhouses and condo townhouses were close, averaging $821,500 and $823,786, while condos remained the most affordable option at roughly $596,500.

From 2020 to 2025, Newmarket home prices rose about 35–40%, averaging 6.5–7.5% annual growth, outpacing the national rate. The surge was driven by GTA spillover demand, population growth, and limited supply, with detached homes leading at 7–8% yearly gains. After a sharp pandemic-era rise, appreciation has since slowed to 2–4%, bringing the average home price from roughly $800K in 2020 to $1.03M in 2025.

As of October 2025, condos in Newmarket are selling, but the market leans buyer-friendly. Resale units average $529K–$612K, while pre-construction condos are around $800/sq ft. Condos take 35–40 days to sell, longer than townhouses or detached homes, due to higher supply and softer demand. Still, well-priced units in popular areas like Central Newmarket can sell in under 30 days, often with incentives.

Newmarket is home to a diverse range of neighbourhoods, each offering its own unique charm. Immerse yourself in the vibrant atmosphere and downtown buzz of Central Newmarket. Stonehaven, a new development in Newmarket, attracts residents with its modern homes, upscale amenities, and proximity to shopping centers. Newmarket West, another diverse area, offers a mix of housing options and convenient access to an array of amenities.

The prices for Newmarket condos for sale are high due to a combination of factors. The town`s growing population, desirable quality of life, and proximity to Toronto attract both local and international buyers, creating a high demand for housing. Plus, the available land for new construction in Newmarket is limited, particularly for detached homes. This scarcity drives up the cost of all options, especially condos.

The latest data available indicates that the average selling price for a condo is $596,500. 

New condos in Newmarket offer a range of modern amenities designed to enhance your lifestyle. These often include fitness centers with state-of-the-art equipment, rooftop terraces with stunning views, party rooms and lounges for social gatherings, and even concierge services for added convenience. Some developments may also feature amenities like swimming pools, hot tubs, saunas, and outdoor courtyards.

As of October 2025, the average rent for a one-bedroom unit is $2,317 per month, while the vacancy rate sits around 2.8%.

Yes, Newmarket boasts several schools with strong academic programs and diverse after-school activities. Some highly regarded options include Sir William Mulock Secondary School, Sacred Heart Catholic High School, and Newmarket High School. These schools offer a variety of academic programs, extracurricular activities, and athletic opportunities to cater to different interests and learning styles.

Investing in pre-construction homes in Newmarket presents a range of attractive advantages. These include the potential for significant appreciation as the surrounding area develops, the ability to secure properties at today’s prices, and a wide selection of prime locations in neighbourhoods poised for growth. Pre-construction homes also boast modern designs and energy-efficient features, leading to lower maintenance costs in the long run.

Pre-construction homes in Newmarket offer a well-connected public transportation system. York Region Transit (YRT) provides extensive bus routes within the town, while the VIVA Rapid Bus system connects Newmarket to the Toronto Subway via a direct route to the Finch Bus Terminal in North York. Additionally, GO Transit operates a train and bus station in Newmarket, offering convenient access to other parts of the Greater Toronto Area.

Sell Now: Prices are stabilizing, letting you lock in past gains (~30% since 2020). Well-priced condos in desirable areas can sell under 30 days, especially with incentives, as buyers stay active ahead of possible rate cuts.

Wait: With a buyer’s market and softer investor demand, you may need concessions. Early 2026 could bring a slight rebound, boosting prices 1–2% and shortening selling times.

The down payment required for a new townhouse for sale in the market will depend on the specific mortgage program you choose. However, you can expect a minimum down payment of 5% to 20%, with higher down payments typically resulting in lower interest rates. Some government programs, like the Home Buyers’ Plan (HBP) in Canada, can help first-time buyers with down payments.

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