It held town status prior to January 1, 2015, when it amalgamated with the Rural Municipality of North Norfolk to form the Municipality of North Norfolk.

It is a farming community, with the biggest industry in the area being agriculture.

The community is surrounded by farms, and the Trans-Canada Highway is located just north of MacGregor.

The town is named after the Very Rev James MacGregor by the Canadian Pacific Railway who named a railway station after him, during his visit with the Marquis of Lome, around which the town grew.

[2] Notable individuals born or raised in MacGregor include former politician Leslie Harvard Eyres (1892–1983) and NDP cabinet minister Nancy Allan.