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Matthew Gizzie Real Estate Professional
Keller Williams Realty Centers, Brokerage.
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Matthew Gizzie Real Estate Professional
Keller Williams Realty Centers, Brokerage.
Newmarket Rental Market Report – February 2026
Find What You Need Faster
This report is built for three types of readers. Jump to the section most relevant to you.
Looking to Rent in Newmarket?
Find out what you should expect to pay, how quickly units move, and what landlords are looking for in a tenant right now.
- Average and median rent by bedroom
- How long units stay on market
- Whether you can negotiate rent
- Documents you need to apply
- Basement apartment legality guide
Leasing Out a Property in Newmarket?
Understand where to price your unit, how fast the market is absorbing inventory, and what tenants are competing for right now.
- Current average rent by property type
- Days on market benchmarks
- SNLR and inventory levels
- Year-over-year pricing context
- Ontario rent control explained
Evaluating Newmarket as a Rental Market?
Assess rental demand fundamentals, pricing trends, property type mix, and how Newmarket stacks up against other York Region markets.
- 13-month rent trend with peak data
- Supply and demand indicators
- Property type market share breakdown
- Price distribution across rent bands
- GO Transit commuter demand drivers
Key Takeaways – February 2026
Down from $2,636 in February 2025 as supply expanded
Leasing activity nearly doubled year-over-year from 56 transactions
Tight inventory conditions persist in the Newmarket rental market
SNLR confirms a strong landlord-favoured rental environment
Newmarket Rental Market Key Facts – February 2026
All figures sourced from TRREB MLS® lease records for the City of Newmarket, Ontario. Last updated: February 2026.
- The average rent in Newmarket in February 2026 is $2,349.
- The median rent in Newmarket is $2,100.
- A total of 105 rental transactions occurred in February 2026.
- The sales-to-new-listings ratio is 85%, indicating a landlord-favoured market.
- Rental inventory currently sits at 1.62 months of supply.
- The average rental listing takes 40 days to lease.
- One-bedroom units average $1,894 per month in Newmarket.
- Four-bedroom homes average $3,216 per month in Newmarket.
- Average rent declined 10.9% year-over-year from $2,636 in February 2025.
- Lease volume increased 87.5% year-over-year, rising from 56 to 105 transactions.
Newmarket Rental Market Data – February 2026
| Metric | February 2026 |
|---|---|
| Average Rent | $2,349 |
| Median Rent | $2,100 |
| Lease Volume | 105 transactions |
| New Listings | 124 |
| Active Listings | 177 |
| Sales-to-New-Listings Ratio (SNLR) | 85% |
| Months of Inventory | 1.62 |
| Average Days on Market | 40 days |
| Median Days on Market | 27 days |
< 40% Balanced
40–60% Landlord's Market
> 60%
Data sourced from MLS® system lease records. All figures reflect Newmarket, Ontario activity in the February 2026 reporting period.
Average Rent – 13 Month Trend
Average rent peaked at $2,827 in May 2025 and has since softened to $2,349 in February 2026, a decline of 16.9% from the peak. Lease volume has held near annual highs, suggesting price softening is supply-driven rather than a collapse in demand.
February 2025 vs. February 2026
| Metric | Feb 2025 | Feb 2026 | Change |
|---|---|---|---|
| Average Rent | $2,636 | $2,349 | ▼ $287 (−10.9%) |
| Median Rent | $2,650 | $2,100 | ▼ $550 (−20.8%) |
| Lease Volume | 56 | 105 | ▲ 49 (+87.5%) |
| Active Listings | 141 | 177 | ▲ 36 (+25.5%) |
Demand increased significantly year-over-year, with leasing activity nearly doubling to 105 transactions. Rental prices softened as inventory expanded, creating more competitive conditions for tenants compared to 2025. Despite lower average rents, the market remains firmly in landlord-favoured territory with a 1.62-month supply and 85% SNLR.
Rent Prices by Bedroom – Newmarket Ontario
| Bedrooms | Average Rent | Median Rent | Leases |
|---|---|---|---|
| 1 Bedroom | $1,894 | $1,888 | 38 |
| 2 Bedroom | $2,038 | $2,000 | 29 |
| 3 Bedroom | $2,746 | $2,675 | 20 |
| 4 Bedroom | $3,216 | $3,200 | 14 |
One-bedroom units account for the largest share of lease transactions in Newmarket, reflecting demand from young professionals and downsizers. Three and four-bedroom rentals represent family-sized demand driven by Toronto commuters and York Region relocations.
Rental Price Distribution – Where the Market Clears
| Rent Range | Leases | Share of Market |
|---|---|---|
| $1,000 – $1,499 | 37 | 3.3% |
| $1,500 – $1,999 | 214 | 19.1% |
| $2,000 – $2,499 | 267 | 23.8% |
| $2,500 – $2,999 | 208 | 18.5% |
| $3,000 – $3,499 | 259 | 23.1% |
| $3,500 – $3,999 | 100 | 8.9% |
| $4,000 – $4,499 | 34 | 3.0% |
The largest concentration of leases falls in the $2,000–$2,499 and $3,000–$3,499 ranges, reflecting the mix of condo and detached rentals active in Newmarket. The $1,500–$1,999 band is heavily occupied by one-bedroom condos and basement units.
Rental Inventory by Property Type
| Property Type | Market Share |
|---|---|
| Detached | 44% |
| Condo Apartment | 13% |
| Semi-Detached | 13% |
| Condo Townhouse | 13% |
| Row Townhouse | 11% |
| Other | 6% |
Why detached homes dominate: Newmarket's housing stock is primarily composed of single-family detached homes, which is why house rentals account for nearly half of all lease transactions. This differs significantly from downtown Toronto, where condo apartments represent the majority of rental supply. Renters in Newmarket have comparatively greater access to full-house rentals with private yards and garages.
Inventory, Demand & Market Balance
Supply
Inventory currently sits at 1.62 months, indicating limited rental availability. Balanced rental markets typically carry 3–4 months of supply. Newmarket's sub-2-month reading reflects ongoing absorption pressure on available units.
Demand
Strong demand continues from Toronto commuters using Newmarket GO Station, families relocating from higher-priced GTA communities, and York Region's continued population growth along the Highway 400 corridor.
Market Balance
An 85% SNLR clearly indicates a landlord-favoured market. When the SNLR exceeds 65–70%, pricing power shifts to landlords. Multiple applications on well-priced units remain common in Newmarket.
12-Month Rent Trend – Newmarket Ontario
| Month | Avg Rent | Median Rent | Leases |
|---|---|---|---|
| February 2025 | $2,636 | $2,650 | 56 |
| March 2025 | $2,794 | $2,650 | 67 |
| April 2025 | $2,736 | $2,750 | 76 |
| May 2025 | $2,827 | $2,980 | 76 |
| June 2025 | $2,770 | $2,825 | 78 |
| July 2025 | $2,694 | $2,700 | 90 |
| August 2025 | $2,721 | $2,650 | 112 |
| September 2025 | $2,704 | $2,725 | 70 |
| October 2025 | $2,737 | $2,890 | 101 |
| November 2025 | $2,491 | $2,450 | 81 |
| December 2025 | $2,441 | $2,150 | 68 |
| January 2026 | $2,506 | $2,275 | 93 |
| February 2026 | $2,349 | $2,100 | 105 |
Prior month data will be populated as the reporting series builds. This table will reflect a rolling 12-month dataset updated monthly using MLS® lease records.
Why Rent in Newmarket, Ontario?
Commuter Access
Newmarket GO Station provides direct train service to Union Station in downtown Toronto, making it a practical base for commuters working in the city.
Schools
York Region District School Board schools serve Newmarket with strong academic reputations, making the area highly desirable for families with school-age children.
Amenities
Upper Canada Mall and the shops and restaurants along historic Main Street provide excellent retail and dining options without leaving the community.
Lifestyle
Newmarket combines the pace of suburban living with quick highway access to Barrie, Toronto, and major employment centres throughout the GTA and Simcoe County.
Renting Tips for Tenants in Newmarket
The Newmarket rental market moves quickly. Being prepared before you apply significantly increases your chances of securing the unit you want.
- Credit Report: Obtain a current credit report from Equifax or TransUnion. Most landlords require a score of 650 or higher.
- Employment Letter: Secure a formal letter from your employer confirming your position, start date, and annual salary.
- Recent Pay Stubs: Prepare the last two to three pay stubs as proof of current income.
- Rental References: Contact previous landlords in advance and confirm they are willing to provide a reference.
- Bank Statements: Some landlords request 60–90 days of banking history to verify financial stability.
- Work With a Local Agent: A local REALTOR® provides access to listings before they are widely advertised and can help you submit a competitive application quickly.
Pro Tip: In a market with an 85% SNLR and under two months of inventory, desirable units often receive multiple applications within 24–48 hours of listing. Having your documentation ready before you begin touring puts you in a position to apply on the same day.
Rent by Neighbourhood – Newmarket February 2026
Newmarket's rental market varies significantly by neighbourhood. Here's how each area performed in February 2026, based on TRREB MLS® lease data.
| Neighbourhood | Avg Rent | Median Rent | Leases | SNLR | Avg DOM | Median DOM |
|---|---|---|---|---|---|---|
| Armitage | $2,200 | $2,200 | 2 | 67% | 26 | 26 |
| Bristol-London | $1,977 | $1,799 | 11 | 46% | 33 | 17 |
| Central Newmarket | $2,331 | $2,275 | 22 | 76% | 42 | 37 |
| Glenway Estates | $2,830 | $2,350 | 5 | 71% | 29 | 32 |
| Gorham-College Manor | $2,585 | $2,600 | 5 | 71% | 38 | 14 |
| Huron Heights-Leslie Valley | $2,056 | $1,925 | 44 | 176% | 42 | 28 |
| Stonehaven-Wyndham | $3,200 | $3,275 | 6 | 67% | 60 | 53 |
| Summerhill Estates | $3,225 | $3,200 | 4 | 50% | 32 | 16 |
| Woodland Hill | $3,255 | $3,290 | 6 | 50% | 31 | 27 |
Newmarket's highest-rent neighbourhood. Newer detached homes on larger lots attract families and corporate relocations. The 60-day average DOM is the longest in the city — price sensitivity is real at this tier, and overpriced listings sit.
Highest average rent in Newmarket at $3,255. A 50% SNLR indicates a more balanced to tenant-friendly dynamic at this price point. Tenants have more negotiating room here than the SNLR headline suggests — fewer competing applicants at $3,000+.
Established executive neighbourhood with consistent demand from families prioritizing school catchments. Low lease volume (4 transactions) means averages can shift significantly month-to-month — use median rent as the more reliable benchmark here.
The most active mid-market neighbourhood with 22 leases in February. Close to GO Transit, Main Street, and Southlake Regional Hospital. The 76% SNLR reflects healthy landlord-side conditions without the fierce competition of Huron Heights. Strong renter mix of young professionals and healthcare workers.
Note the wide gap between average ($2,830) and median ($2,350) — a sign that a small number of high-priced listings are pulling the average up. Most renters in Glenway are transacting closer to $2,350. Good access to Highway 404 makes this popular with east-GTA commuters.
Consistent mid-tier pricing with average and median closely aligned — a reliable signal. Proximity to Upper Canada Mall and major retail corridors makes this a practical choice for families. Gorham-College Manor tends to attract longer-tenured renters.
The standout neighbourhood of February 2026. 44 leases — 42% of all Newmarket rental activity — and a 176% SNLR that signals intense demand well beyond available supply. Median rent of $1,925 represents the best value-per-dollar in the city. High competition: tenants should apply same-day with a complete package.
Lowest average rent in Newmarket at $1,977 and only neighbourhood with a sub-50% SNLR — indicating more supply than demand at current pricing. Tenants have genuine negotiating leverage here. Good option for budget-conscious renters who want to stay within Newmarket's boundaries. Mix of basement units and older stock.
Key Neighbourhood Takeaway: Huron Heights-Leslie Valley dominated February 2026 with 44 leases (42% of all city activity) and a 176% SNLR — by far the most in-demand neighbourhood. Premium neighbourhoods (Stonehaven, Woodland Hill, Summerhill) averaged $3,200+ but had 50–67% SNLRs, meaning tenants have more room to negotiate at the top end. Bristol-London is the only neighbourhood where supply currently exceeds demand.
What the Data Doesn't Tell You About Renting in Newmarket
Market reports show you averages. They don't show you that a well-priced detached rental on a quiet Stonehaven crescent gets four applications in 72 hours, while an overpriced condo near Davis Drive sits for 45 days.
After working in the Newmarket and York Region market, here are the on-the-ground patterns I see that don't show up in the numbers.
"The Newmarket rental market in 2026 is a tale of two segments. Competitively priced detached homes under $3,000 move fast. Condos and units priced above market are sitting. Tenants who understand this dynamic — and landlords who price ahead of it — are winning."
— Matthew Gizzie, REALTOR® · Newmarket & York RegionThe GO Transit Premium
Units within walking distance of Newmarket GO Station command a consistent premium of $150–$250/month over comparable units further from the line. Toronto commuters treat proximity to the GO as a non-negotiable — and will pay for it. If you're a landlord with a unit near the station, price accordingly. If you're a renter, budget for it or look toward Leslie Street and the 404 corridor for value.
Seasonality Matters More Than People Think
February is historically one of the slowest leasing months in Newmarket — yet 105 transactions still occurred. Spring (April–June) is peak season, when families time moves around the school year and corporate relocations pick up. Landlords listing in March–April see faster absorption. Tenants who search in January–February have more negotiating leverage before seasonal competition heats up.
Neighbourhood Price Gaps Are Real
Newmarket isn't one rental market — it's several. Stonehaven-Wyndham and Summerhill Estates skew higher on detached rentals due to newer builds and school catchments. Central Newmarket and areas near Yonge and Davis offer more affordable options, often in older stock. Knowing the neighbourhood tier before you search or list makes a material difference to your outcome.
Application Quality Wins Over Price
In a market where landlords received an average of 2–4 applications per listing on well-priced units, the strongest application wins — not necessarily the highest offer. A complete package (credit report, employment letter, pay stubs, references) submitted same-day consistently beats incomplete applications that offer slightly more rent. This matters especially for family-sized rentals where landlord vetting is more thorough.
New Supply Is Changing the Condo Market
The Davis by Rose Corp and newer condo completions along Yonge Street corridor have added meaningful supply to the one-bedroom and one-plus-den segment. This is a primary driver of the 10.9% year-over-year rent decline. Investors who purchased pre-construction condos in 2021–2022 are now leasing at rents below their original projections. Detached and semi-detached rentals have held value comparatively better.
Rent Control: Know Before You Sign
Ontario's rent increase guideline only protects tenants in units first occupied before November 15, 2018. Most new Newmarket condo buildings are exempt. This means a landlord can reset rent to market rate between tenancies. For long-term renters, securing a unit in an older building with rent control protection can be worth paying a slight premium upfront — it's insurance against future increases.
Have a specific question about a Newmarket rental or neighbourhood? I publish this report monthly and am happy to answer directly.
Ask Matthew →Work With a Local Newmarket Rental Expert
Whether you are looking to rent in Newmarket or lease out a property, working with a local real estate professional ensures you have access to the latest listings and accurate market data.
Newmarket Rental Market – FAQ
Questions real tenants, landlords, and investors are searching for right now — answered with February 2026 MLS® data.
The data presented in this report is sourced from the MLS® System and reflects lease transactions recorded in February 2026. All metrics are for informational purposes only and do not constitute financial or investment advice. MLS® is a registered trademark of the Canadian Real Estate Association. Matthew Gizzie is a registered REALTOR® with Keller Williams Realty Centres, Brokerage.
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