New Condos For Sale in New Market
About New Condos in New Market
“A charming little town with many historic buildings” – This is how someone would describe Newmarket.
Located in southern Ontario, New Market is one of the most potential developing markets. In 2013, the state designated it the “Provincial Heritage Conservation District.”
Despite being a small town, it does have enormous growth potential, for which it is supported by the province’s “Places to Grow Act.”
New Market boasts a diverse economy and its own industry that supports a large number of its residents.
With a population density of 200 people per square kilometer, the city stands as the the third most densely inhabited demographic district in the province.
Several condo developments in the area are coming soon because of the strong economy of the town. Thus, professionals and families get ready to move to this hot destination.
Real Estate Market in Newmarket
The property sector of Newmarket is soaring. Some of the stats of the housing prices are:
- The average price per square foot of a Newmarket condo development is CAD 690. However, the prices have grown at a 7.0 percent annual rate over the last ten years.
- The average resale price in Newmarket for all housing units is currently around CAD 890,014. For the last ten years, this rate has been 8.9 per cent.
- The average rental price for the city is currently CAD 2400. This is on top of a 4.8 per cent rental appreciation rate over the last ten years.The vacancy rate for apartments is presently at 0.9 per cent, indicating that demand is still high.
Living in Newmarket
The best thing about Newmarket is its proximity to the Greater Toronto Area. This makes the town closer to several knowledge industries, employment hubs and outdoor activities.
Shopping areas are available in plenty, including the best Upper Canada Mall. Moreover, green areas, restaurants, cafes, and medicine shops are nearby.
For example, Fairy Lake and Riverwalk Commons have the most beautiful sceneries.
The commercial sector, Growth Centre, is in the heart of Yonge Street as well as Davis drive.
Plus, the main street, as well as the downtown core, have the city’s other major attractions.
If you are a fan of John Candy or Jim Carrey, you can see them passing you by as you are in their birth town.
Accessibility in Newmarket
Ontario Highway 404 allows drivers to navigate throughout the location easily. Well, it also has a direct route to Markham. And, for Toronto, you have Don Valley parkway.
Residents don’t have to search for public transit options as they can travel via the York Region Transit. The Viva Rapid Bus transportation network will take you from the finch bus terminal to the Newmarket bus terminal. To be precise, Finch Terminal is in North York.
Lastly, Toronto Subway System and Newmarket GO Station are the other local transit choices you can take.
Bikers can enjoy riding at east Gwillimbury.
List of Newmarket New Condos
The list of pre construction condos Newmarket is as follows:
Developer – Briarwood Development Group
Location – 693 Davis Dr, Newmarket, ON L3Y
- Davis Condo Residences
Developer – The Rose Corporation
Location – 175 Deerfield Road, Newmarket ON L3Y
- Redwood On Yonge Condos
Developer – Redwood properties
Location – 17645 Yonge Street
Developer – Andrin homes
Location – Bathurst St & Davis Drive West
- Elia Towns
Developer – Stateview homes
Location – Muriel street & Gorham street
Want to invest in Newmarket real estate? Give a call to Precondo today!