Executive Overview

This report synthesizes key data on Newmarket's development landscape for real estate professionals. The municipality is poised for significant growth, driven by strategic intensification policies, major transit investments, and a robust capital plan focused on community infrastructure.

Policy-Driven Growth

Newmarket's planning framework, guided by its Urban Centres Secondary Plan and provincial mandates, strongly favors intensification along the Yonge Street and Davis Drive corridors, creating opportunities for high-density, mixed-use projects.

Infrastructure Investment

Substantial public investment in transit (GO Expansion, Yonge North Subway Extension) and healthcare (Southlake Regional Health Centre expansion) is setting the stage for future residential and commercial demand.

Financial Dynamics

While York Region's Development Charges present a significant cost factor, Newmarket's stable tax environment and focus on new amenities like Mulock Park enhance its attractiveness for long-term investment and development.

Policy & Growth Framework

Newmarket's growth is guided by a clear policy of intensification and is supported by strong demographic trends. The following charts and summaries provide insight into the population, employment, and housing landscape that shapes development opportunities.

Population & Total Employment Growth

Housing Mix (2021 Census)

Strategic & Regulatory Framework

Focus on Intensification

Newmarket's Official Plan is undergoing review to conform with the latest Provincial Policy Statement. The primary directive is to manage forecasted growth through intensification, particularly within designated Urban Growth Centres and along major transit corridors. The plan aims to direct Transit-Oriented Development (TOD) around existing and planned transit infrastructure to create higher-density, mixed-use communities.

Financial Landscape

Understanding the cost structure is critical for project viability. This section details the current Development Charges applicable in Newmarket (as set by York Region) and outlines available housing incentive programs.

York Region Development Charges

Select a development type to view the applicable rates (Effective July 1, 2024). Rates are subject to annual adjustments.

Development Type:

Housing Incentives & Municipal Budget

Regional Housing Programs

York Region manages a centralized system for subsidized housing, which includes non-profit housing, co-operative housing, and rent supplement agreements with private landlords. While primarily for residents, these programs indicate a strong regional focus on affordability, which may align with developer objectives for creating mixed-income projects. Portable housing benefits are also available to eligible households.

2024 Capital Budget Highlights

Newmarket's approved 2024 Capital Budget is $70.6 million. Key investments directly enhancing community value and supporting development include:

Continued development of the iconic Mulock Park.
Construction of the Mulock Multi-Use Path (approx. 6km).
Significant funding for road resurfacing projects.
Upgrades to parks, trails, and community facilities.

Major Projects & Infrastructure

Significant public and private sector projects are underway that will reshape Newmarket's infrastructure, enhance services, and drive future real estate demand.

Southlake Regional Health Centre Expansion

A major redevelopment is in the planning stages, supported by a $5 million provincial investment. The project aims to build a new state-of-the-art hospital campus and convert the existing Davis Drive site into a modern ambulatory care centre, adding over 100 new inpatient beds to the system.

IMPACT: Increased healthcare capacity, significant local job creation during and after construction.

Metrolinx GO Expansion (Barrie Line)

This long-term project will deliver faster and more frequent train service, with the goal of providing 15-minute, all-day, two-way service to Aurora GO. This includes electrification of the rail line, requiring significant utility relocation work within Newmarket.

IMPACT: Enhanced commuter access to Toronto, boosting property values near the GO station and supporting TOD.

Yonge North Subway Extension

A priority transit project that will extend the TTC's Line 1 subway into York Region. This project is a major catalyst for the province's Transit-Oriented Communities (TOC) program, which aims to build 40,000 new homes and more jobs around new transit stations in the region.

IMPACT: Game-changer for regional connectivity and a primary driver for high-density development along the Yonge St corridor.

Key Resources & Data Portals

For the most current information, please consult these official municipal and regional sources. These portals provide access to development applications, council decisions, and planning documents.