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Local insights

Real estate news, made useful.

Current Newmarket market updates, buyer programs, mortgage context and local developments—with direct links to the source.

Freshness promise

Reviewed every week.
Published when it matters.

Every article is dated and linked. Rates, statistics and incentives are reviewed weekly so a time-sensitive number never appears as a permanent promise.

York Region housing supplySeptember 28, 2026

More than 500 new rental homes are moving through York Region’s pipeline

York Region reported on September 24 that its permanent Community Housing Supply Grant—supported by an additional one-time investment of about $30 million in 2025—has helped move more than 500 new rental homes into pre-development or construction. The Region also highlighted 97 subsidized and market-rental homes opened in Whitchurch-Stouffville in 2025 and approximately 90 planned units in Georgina. These figures describe longer-term supply, not homes currently available to rent.

Read York Region’s September 24 update ↗
Newmarket developmentSeptember 21, 2026

Mulock Park is now open—here’s what visitors can use

Newmarket’s 16-acre Mulock Park opened to the public on September 18. The free four-season destination at Yonge Street and Mulock Drive is open daily from 5 a.m. to 11 p.m. and includes nearly two kilometres of paved trails, a natural play area, public art, an AGO-partnered gallery, free parking and a 340-metre refrigerated skate loop for winter. Registered programs are scheduled to begin this fall; check the Town’s page for current amenity hours.

Plan a visit on the Town of Newmarket website ↗
Newmarket market updateSeptember 7, 2026

August brought Newmarket sellers less fresh competition

TRREB recorded 83 Newmarket sales, 160 new listings and 4.2 months of inventory in August, with an average selling price of $1,048,321. Sales were nearly unchanged from July’s 82, while new listings fell from 331 during the typical late-summer slowdown. Buyers still had meaningful choice, but well-prepared sellers faced fewer newly listed competitors.

Read TRREB’s August Market Watch ↗
Ontario buyer incentiveAugust 31, 2026

Ontario finalizes enhanced HST relief for qualifying new homes

CRA’s August guidance confirms combined provincial HST relief of up to $80,000 for eligible new or substantially renovated Ontario homes used as a primary residence. A related Ontario affordability payment may provide up to $50,000 more. For most builder purchases, the agreement must be signed from April 1, 2026 through March 31, 2027, and the home must be valued below $1.85 million; detailed conditions and deadlines apply.

Review CRA’s eligibility and application guide ↗
Mortgage updateSeptember 2, 2026

Bank of Canada holds at 2.25% as fixed-rate pressure remains

The Bank maintained its overnight rate at 2.25%, leaving the benchmark affecting variable-rate mortgages unchanged. It also noted that Canadian long-term bond yields had risen since July, so fixed mortgage offers may still move with bond markets and individual lender pricing.

Read the Bank of Canada decision ↗
First-time buyer incentiveJune 16, 2026

Applications are open for the first-time buyer GST/HST rebate

Qualifying buyers of new homes may receive full federal GST relief up to $1 million, with relief phased out between $1 million and $1.5 million. Ontario relief may also apply.

Review the official eligibility rules ↗
York Region developmentApril 27, 2026

Ontario confirms a new hospital in East Gwillimbury

The province announced a new Southlake hospital site in East Gwillimbury along with significant upgrades to the existing Newmarket facility—an important long-term infrastructure story for northern York Region.

Read the Ontario announcement ↗
Buyer planningReviewed October 5, 2026

FHSA and Home Buyers’ Plan can work together

Eligible buyers may use a qualifying FHSA withdrawal and an RRSP Home Buyers’ Plan withdrawal for the same purchase. Timing and eligibility should be reviewed before funds move.

Review the Home Buyers’ Plan ↗
Have a local real estate question?

Send it to us. The best questions often become the next practical article.

Ask Michael & Sarena ↗