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Newmarket, Ontario

Newmarket is an old and industrious town that is in close proximity to all areas of the GTA. Located midway between Downtown Toronto and Barrie, it is also the seat of York Region. The town’s population, according to 2006 Census, was 74,295. The Region of York Planning department projects the population for 2026 to grow to 98,000.

The town has a rich heritage with many historically designated houses within the community. Housing is predominately single family homes. The three largest Newmarket employers for 2005 were: Southlake Regional Health Centre, Dortec Industries, and the Regional Municipality of York.

Demographics Newmarket Ontario (Cenus 2001)

       
Newmarket Cultural Composition
Total
Male
Female
Total visible minority population
7,230
3,440
3,790
Chinese population
1,475
655
825
South Asian population
1,225
600
620
Black population
1,170
560
610
Filipino population
450
210
240
Latin American population
365
125
240
Southeast Asian population
1,110
590
520
Arab population
235
115
120
West Asian population
90
65
25
Korean population
280
145
130
Japanese population
260
120
145
Visible minority, N.I.E.
385
170
215
Mulitiple visible minorities
190
85
100
All others
57,840
31,795
29,555

 

Important Information About Your Rates


Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. For most customers the total increase will amount to $254.99 based on an annual volume of 2,600 m 3.

The gas commodity rate has increased by 7.3112 cents/ m 3. This change reflects the increase in Union Gas forecast cost to purchase natural gas for the next 12 months.

In addition, the change in the gas price adjustment is an increase of 2.0276 cents/ m 3. This change reflects the difference between the projected cost of natural gas that Union Gas expects to pay and the amount that Union Gas expects to recover through the current gas commodity rate over the next 12 months.

The gas rate is adjusted this way so that you are billed at a rate that more closely reflects the market price of natural gas and avoids large out-of-period adjustments.

The transportation rate has increased by 0.4676 cents/ m 3 to 3.5148 cents/ m 3. Delivery price increased slightly by 0.0224 cents/ m 3.

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

Rent Increase Guideline

The Ontario Government has set the rent increase guideline at 1.8% for 2009.

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