Property Management in Ontario
Newmarket is York Region's northern urban centre, with Southlake Regional Health Centre as one of its largest employers and a retail core centered on Upper Canada Mall. This employment diversity creates rental demand from healthcare workers, retail employees, and the growing professional population attracted by relative affordability.
The Newmarket rental market has experienced significant price appreciation over the past decade as Toronto's housing costs push renters and buyers progressively further north. Properties that rented for $1,400/month in 2015 now command $2,000+ — a rent growth trajectory that has benefited long-term property holders substantially.
Key Responsibilities and Best Practices
Newmarket's Davis Drive corridor is the commercial and mixed-use spine of the community, and properties near this corridor with walkable access to transit, retail, and healthcare employment command consistent demand. The planned Yonge North Subway extension, while years away, will fundamentally change Newmarket's transit access when complete.
Single-family rental in Newmarket's established neighbourhoods — Glenway, Stonehaven, and the older central communities — attracts family renters seeking yard space and school catchment stability. These tenants tend toward longer tenancies and generally provide lower management intensity than apartment or condo renters.
How D&D Property Management Helps
Newmarket's vacancy rate mirrors the broader York Region market — very low, with quality units leasing quickly when priced accurately. The urgency to accept the first applicant can lead to inadequate screening, which is a mistake in any market but particularly in Newmarket where the tenant pool is large enough to be selective.
D&D Property Management manages residential properties in Newmarket and throughout northern York Region. Our Newmarket-specific market knowledge supports accurate pricing and effective management.