Why is it called Newmarket?
It is believed that the name Newmarket evolved as a result of the trading that took place, while York (not Toronto) was the ‘old market’, this new centre of commerce became the New Market. Newmarket has always been a market town. That’s why its Main Street is considered the heart of the community. The Town was founded as a trading post and milling centre in 1801 where the river cuts the old native trail (Water and Main Streets).