The Timmins Regional Housing Study is almost completed, and the draft report released to the Housing Committee includes some supply and demand information that will guide the recommendations. The Housing Committee is meeting in the first week of February to discuss the findings and a potential action plan.
One of the findings is that 25% of renters and 15% of home owners in Timmins pay more than 30% of their income on housing. (30% is the maximum recommended amount). The study also finds however that overall, homeowners in Timmins are somewhat better off than those in many other communities, as they spend a smaller percentage of their household income on housing. The average cost of a home in Timmins is less than half of the Ontario average price for a typical home. For more information and updates on the progress of this study, contact Ron Leduc at rleduc@clearlogic.ca.
