Why Newmarket

Care to be bold. Care to belong.

Newmarket isn’t just another suburb; we’re principled, forward-thinking, values-driven community. We support innovation and change, while our growth serves our community and inclusivity. We are a place that is investing in our people and values – not just projects.

We encourage risk-taking and celebrate local creativity. We want our businesses to know they are not alone – success is rooted in community, and we will always have their backs. 

Dynamic Urban Centre

Newmarket is a caring and bold community focused on championing the success of our businesses and creating opportunities for growth.  Newmarket, York Region, located in the heart of the Greater Toronto Area, is one of Canada’s largest, most dense technology hubs. With almost 100, 000 residents, and over 41,000 local jobs, and a vibrant mix of shops, services, and amenities, Newmarket is a community built for momentum and modern urban living.

Strong, Diverse Economy

Newmarket’s key sectors are thriving, including Business Services, Health Sciences, Manufacturing, and Retail. Employment in Business Services has grown significantly in recent years, and Southlake Health anchors a powerful health sciences ecosystem with more than 3,000 employees.

Cost-Effective Place to Operate

Newmarket consistently ranks below the provincial average for both commercial and residential taxes. Businesses benefit from competitive operating costs without sacrificing access, talent, or infrastructure.

Community with a Bold Vision

Newmarket is a place with a plan. Strategic planning tools like the Economic Development Strategy, Official Plan, Secondary Plan, and Cultural Master Plan guide growth and shape a future filled with opportunity.

Health and Innovation Hub

Southlake Health drives research, innovation, and high-skill employment. For companies in health, tech, and research, Newmarket offers a collaborative and forward-focused environment.

Deep Talent and Strong Quality of Life

Newmarket has the highest live-to-work ratio in York Region. Half of residents travel less than 30 minutes to work, creating a deep, stable talent pool and an exceptional quality of life for employees.

Urban Growth Centre: Ready for Investment

Located along Yonge Street and Davis Drive, the Urban Growth Centre is one of the region’s most connected and opportunity-rich corridors. It offers rapid transit, rail connections, fibre optics, government services, major employers, and new housing options. Many sites are pre-zoned and ready for a Site Plan Application, making it easier and faster to start, grow, or relocate your business.

Interested in learning more about what Newmarket has to offers? Complete this form and one of our Economic Development team members will reach out!