Newmarket
All dollar amounts on this page are in Canadian dollars.
City introduction
Newmarket is a town in the Regional Municipality of York. According to the Town's own budget material, Newmarket's tax levy remains one of the lowest in York Region and the Town's taxes per capita sit approximately 10 per cent below the GTA average; the average residential home used in the Town's budget figures is assessed by MPAC at $711,000 on 2016 market values.
Source: Town of Newmarket — Town of Newmarket, 2026 Budget page.
Combined chart
Newmarket property tax increase, Canada inflation, and Canadian dollar Real CEER, 2015–2026
Bars: Town of Newmarket property tax annual increase (Town portion).
Lines: Canada inflation (Canada CPI annual average, Statistics Canada) and Canadian dollar Real CEER (Bank of Canada). CEER is on the separate right axis and is not a percentage.
- Line — Canada inflation (Statistics Canada CPI annual average)
- Line — Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)
Data behind the chart
The data table below carries one row per year, in year order, with the tax increase, the inflation value and the CEER value for that year, or “No data” where a series has no verified figure.
| Year | Town of Newmarket property tax increase (Town portion) | Canada inflation — Statistics Canada CPI annual average | Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100) |
|---|---|---|---|
| 2015 | No data | 1.1% | 110.0 |
| 2016 | No data | 1.4% | 108.4 |
| 2017 | No data | 1.6% | 110.0 |
| 2018 | No data | 2.3% | 109.3 |
| 2019 | No data | 1.9% | 108.6 |
| 2020 | No data | 0.7% | 108.0 |
| Year | Town of Newmarket property tax increase (Town portion) | Canada inflation — Statistics Canada CPI annual average | Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100) |
|---|---|---|---|
| 2021 | No data | 3.4% | 113.0 |
| 2022 | No data | 6.8% | 113.0 |
| 2023 | 5.5% | 3.9% | 108.4 |
| 2024 | 3.99% | 2.4% | 107.6 |
| 2025 | 2.99% | 2.1% | 104.9 |
| 2026 | 2.99% | No data | No data |
Sources for this chart:
- Town of Newmarket property tax increase, 2023: Town of Newmarket — official publication
- Town of Newmarket property tax increase, 2024: Town of Newmarket — official publication
- Town of Newmarket property tax increase, 2025: Town of Newmarket — official publication
- Town of Newmarket property tax increase, 2026: Town of Newmarket — official publication
- Canada inflation, 2015–2025: Statistics Canada, Table 18-10-0005-01, CPI annual average. The 2026 annual average is not yet published.
- Canadian dollar Real CEER, 2015–2025: Bank of Canada, Valet series CEER_BROADM, total index (1999=100), source file; explainer, Canadian effective exchange rates. Each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value). CEER for 2026 is No data because the year is incomplete.
Housing property-tax historical trend
The trend uses one measure only: the percentage tax increase on the Town of Newmarket portion of the property tax bill, as adopted by Council. Each row is the figure for that year on that one measure. A year with no verified figure on that measure is shown as No data.
| Year | Figure |
|---|---|
| 2015 | No data |
| 2016 | No data |
| 2017 | No data |
| 2018 | No data |
| 2019 | No data |
| 2020 | No data |
| Year | Figure |
|---|---|
| 2021 | No data |
| 2022 | No data |
| 2023 | 5.5% |
| 2024 | 3.99% |
| 2025 | 2.99% |
| 2026 | 2.99% |
Separate note — tax rates, not the trend
This note is separate from the trend above and is not part of it. A residential tax rate per $1,000 of assessed value can move even when the levy increase is small, because the assessment base changes. Rate figures are therefore not used as the trend and are not mixed into the increase chart.
No data — no Town of Newmarket official tax-rate schedule or tax brochure stating a residential tax rate is published, and no rate was taken from a third-party source.
Method
This trend uses one metric only, every year: the percentage tax increase on the Town of Newmarket portion of the property tax bill, as adopted by Council.
Where a city publishes an increase as components, the components are recorded in the scope notes; a total is used only where the city itself publishes it.
Canada inflation is Statistics Canada, Table 18-10-0005-01, CPI annual average. Canadian dollar Real CEER is Bank of Canada, Valet series CEER_BROADM, total index (1999=100); each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value).
How to read this page
Bars are the Newmarket property tax increase. Lines are Canada inflation and Canadian dollar Real CEER.
The left axis is a percentage axis shared by the bars and the inflation line. The right axis is a separate index axis for Canadian dollar Real CEER only. CEER is an index and is not a percentage.
A year shown as “No data” has no bar for property tax and no line point for that series, and a missing year breaks a line.
Tax rates per $1,000 are separate from the trend and are not charted.
Sources
- Town of Newmarket introduction: Town of Newmarket, 2026 Budget page
- Town of Newmarket: official source
- Town of Newmarket: official source
- Town of Newmarket: official source
- Town of Newmarket: official source
- Statistics Canada, Table 18-10-0005-01: CPI annual average
- Bank of Canada, Valet series CEER_BROADM: Real CEER source file
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This page is an independent guide. It is not a government site and it is not an official site. It is general information only and is not tax advice. Check the official Town of Newmarket source before relying on a figure.