Newmarket Real Estate Market 2026

Newmarket Real Estate Market Update – January 2026 (Sales)

Market direction: Balanced-to-buyer-leaning market with meaningful year-over-year price compression and rising negotiation leverage for buyers.

Newmarket’s freehold market continued to adjust in January 2026. Average sale prices declined to $971,376, down 18.7% year-over-year from $1,194,945 in January 2025. Median prices also fell sharply, down 18.8% year-over-year, dropping from $1,200,000 to $975,000. Month-over-month, median pricing slipped 1.0%, suggesting prices are stabilizing at lower levels rather than accelerating lower.

Sales activity was modestly stronger year-over-year but softer month-over-month. 37 homes sold in January 2026, down slightly from 39 sales in December, but up from 31 sales last January. This reflects some seasonal demand returning, but not enough to materially tighten market conditions.

Supply expanded materially. New listings surged to 115, up 109% month-over-month from December’s seasonal low. Active listings climbed to 180 homes, up from 151 last year, increasing buyer choice and reducing urgency.

Market balance remains softening. The sales-to-new-listings ratio sits at 32%, above last year’s 26% but well below levels associated with seller-driven markets. Months of inventory held at 4.86 months, placing Newmarket in balanced territory but structurally weaker than the seller-favourable conditions of prior cycles.

Seller leverage continues to erode. The average sale-to-list price ratio declined to 96.9%, and the median SP/LP fell to 96.7%, down from near-100% levels last year. Buyers are consistently negotiating discounts, and over-asking conditions are no longer the norm.

Time on market remains elevated relative to last year, reflecting slower absorption and increased buyer selectivity, particularly at higher price points.

Bottom line: Newmarket is no longer operating in a seller-driven environment. Prices have corrected materially year-over-year, inventory has rebuilt, and buyer leverage has improved. The market tone is balanced but increasingly buyer-leaning, especially for higher-priced freehold homes.

Newmarket Detached Homes Market – January 2026 (Sales)

Market direction: Balanced-to-buyer-leaning conditions with slower absorption and continued pricing pressure.

The detached segment in Newmarket continued to soften in January 2026. Average detached prices fell to $1,029,552, down 18.8% year-over-year from $1,267,817. Median prices declined 17.4% year-over-year, dropping from $1,250,000 to $1,032,000. Month-over-month, median prices fell 6.2%, indicating near-term pressure at higher price points.

Detached sales totaled 27 transactions, down slightly from December but up from 23 sales last January, reflecting modest improvement in activity but not enough to absorb growing supply.

New detached listings jumped to 82, up 86.4% month-over-month, while inventory remained elevated. The sales-to-new-listings ratio declined to 33%, down from 39% last year, confirming that supply growth is outpacing demand.

Liquidity has deteriorated. Months of inventory increased to 5.0 months, up from 3.8 months last year, pushing detached homes into balanced-to-buyer-leaning territory.

Time on market has lengthened materially. Average days on market rose to 43 days, up from 24 days last year, while median days on market jumped from 12 days to 33 days, reflecting reduced buyer urgency and increased price sensitivity.Negotiation leverage has shifted toward buyers. Both average and median sale-to-list price ratios declined to 96.7%, confirming that sellers are conceding price to get deals done.

Bottom line: Detached homes are the main driver of Newmarket’s price correction. Inventory has rebuilt, selling timelines have lengthened, and buyer leverage has improved materially, especially for homes priced above recent comparable sales.

Newmarket Townhomes (Attached Row) Market – January 2026 (Sales)

Market direction: Transition from tight seller conditions into balanced-to-buyer-leaning territory.

Newmarket’s attached row townhome segment softened in January 2026. Sales totaled 5 transactions, down slightly from December but up from 3 sales last January, reflecting modest year-over-year improvement off a low base.

Supply expanded aggressively. New townhome listings surged to 20, up from just 3 in December, while active listings held at 25 homes. This sharp increase in supply shifted the sales-to-new-listings ratio down to 25%, from 100% last year, marking a clear deterioration in absorption.

Market balance loosened. Months of inventory rose to 5.0 months, up from 2.0 months last year, moving townhomes firmly out of seller-driven conditions.

Pricing corrected year-over-year. Average townhome prices fell to $849,000, down 11.9% year-over-year, while median prices dropped 15.6%, from $960,000 to $810,000. Month-over-month median pricing ticked higher, but this is largely noise due to low transaction volume.

Selling timelines have lengthened. Average days on market increased to 37 days, up from 10 days last year, and median days on market doubled year-over-year.

Negotiation leverage has flipped. The median SP/LP ratio collapsed from 106.8% last year to 96.3%, confirming a full normalization away from bidding-war dynamics.

Bottom line: Townhomes have transitioned from tight, seller-driven conditions into a materially softer environment. Inventory has expanded, pricing has corrected, and buyer leverage has increased.

Newmarket Real Estate Market Update – January 2026 (Rentals)

Market direction: Rental demand is improving, but rents remain lower year-over-year and tenant leverage has increased.

Newmarket’s rental market saw stronger leasing activity in January 2026, with 93 rental transactions, up 45.3% year-over-year and 36.8% month-over-month. Demand has clearly rebounded from late 2025 levels.

However, pricing power remains weaker than last year. Average rent sits at $2,506, down 6.3% year-over-year, while median rent is $2,275, down 17.3% year-over-year, despite modest month-over-month increases.

Supply remains elevated. New rental listings rose to 149, and active listings climbed to 206 units, materially higher than last year. Months of inventory sits at 2.24 months, slightly lower than last year due to improved absorption, but still indicative of a more balanced rental market.

Leasing velocity has slowed year-over-year. Average days on market increased to 32 days, and median days on market rose to 31 days, reflecting increased tenant selectivity.

Tenant leverage is improving. The share of rentals leasing below asking rose to 26.9%, while above-asking leases declined. Terminations rose to 42, up 35.5% year-over-year, suggesting landlords are increasingly pulling listings after failing to achieve target rents.

Bottom line: Newmarket’s rental market is no longer supply-constrained. Demand has improved, but rents remain compressed year-over-year, time on market has lengthened, and tenants have more negotiating power, particularly in higher-end freehold rentals.

Newmarket by Property Type – January 2026 (Sales Breakdown)

Detached Homes
27 sales
Average price: $1,029,552
Median price: $1,032,000
New listings: 82
SNLR: 33%
Average days on market: 43

Attached Row Townhomes
5 sales
Average price: $849,000
Median price: $810,000
New listings: 20
SNLR: 25%
Average days on market: 37

Key insight: Detached homes remain the dominant segment, but absorption is weakening across both detached and townhome categories. SNLR levels below 35% across segments confirm that supply is outpacing demand, reinforcing buyer leverage.

Simple Takeaways for Buyers & Sellers (Newmarket)

Buyers:
Inventory is higher, competition has cooled, and pricing has corrected materially from early 2025. Negotiation leverage has improved, particularly on detached homes and higher price points. Patience and firm pricing discipline are being rewarded.

Sellers:
The market is no longer forgiving optimistic pricing. Homes priced above recent comparable sales are sitting longer and requiring price concessions. Strategic pricing and clean presentation are now required to remain competitive.

Investors:

Liquidity risk is rising. Price compression and longer selling timelines increase exit risk. Rental softness further reduces margin for error. Conservative underwriting and longer hold assumptions are prudent.

Renters:
Rents are lower year-over-year and supply is elevated. Tenants have more choice and more negotiating leverage than last year. This is a better environment to push for incentives or higher-quality units at similar price points.