Property Prices in Newmarket, ON, Canada

Index
Price to Income Ratio:	7.23
Mortgage as Percentage of Income:	60.54%
Loan Affordability Index:	1.65
Price to Rent Ratio - City Centre:	13.58
Price to Rent Ratio - Outside of Centre:	14.78
Gross Rental Yield (City Centre):	7.36%
Gross Rental Yield (Outside of Centre):	6.77%

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Rent Per Month	Edit	Range
1 Bedroom Apartment in City Centre	C$2,258.33	1,975.00-2,500.00
1 Bedroom Apartment Outside of City Centre	C$2,058.33	1,800.00-2,500.00
3 Bedroom Apartment in City Centre	C$3,312.50	2,800.00-3,750.00
3 Bedroom Apartment Outside of City Centre	C$3,083.33	2,500.00-3,550.00

Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	C$570.00	570.00-899.99
Price per Square Feet to Buy Apartment Outside of Centre	C$570.00	570.00-570.00

Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	C$4,243.02
Annual Mortgage Interest Rate (20-Year Fixed, in %)	5.67	3.50-6.80

These data are based on 42 entries from 7 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References

Nearby Cities:

Property Prices in Richmond Hill	17.22 miles
Property Prices in Markham	23.66 miles
Property Prices in Vaughan	24.72 miles
Property Prices in Georgina	26.30 miles
Property Prices in Toronto	32.74 miles
Property Prices in Pickering, ON	38.67 miles
Property Prices in Brampton	41.44 miles
Property Prices in Whitby, ON	44.54 miles
Property Prices in Oshawa	51.03 miles
Property Prices in Oakville	52.86 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	55,900.00
GDP Growth Rate:	1.25%
Population Growth Rate:	0.71%