Skip to content

Timmins · Northern Ontario

Mortgages in Timmins, compared across lenders

We compare banks, credit unions and monoline lenders for your Timmins purchase, renewal or refinance, and explain the trade-offs in plain English.

We help Timmins households buy, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the average sale in the Timmins, Cochrane and Timiskaming board's area was $324,413, across 136 sales (CREA, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.

Timmins in numbers

These are the latest published figures we could check for Timmins, each with its source and date. They describe the market, not your mortgage.

Home sales, September 2026

Average sale price
$324,413
Sales
136
Months of inventory
2.6

Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales.

Source: CREA, statistics page for the Timmins, Cochrane & Timiskaming Districts Association of REALTORS, September 2026, the board's whole area: the Timmins, Cochrane and Timiskaming districts, not the city alone. Checked October 2026.

Residential property tax rate, 2026

Total rate
2.168531%

Made up of City 2.015531% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.

Source: City of Timmins By-law 2026-9323 (2026 tax rates), Schedule A, passed 14 April 2026 (single-tier city). Checked October 2026.

Renting, October 2025

Average two-bedroom rent
$1,299 a month

A year earlier the rent was $1,230. The survey covers purpose-built rental apartments in private buildings of three or more units.

Source: CMHC Rental Market Survey, Ontario tables 1.1.1 and 1.1.2, published 11 December 2025, Timmins CA (census agglomeration). Checked October 2026.

Households, 2021 Census

Households that own
66.9%
Median household income (2020)
$82,000

City of Timmins (census subdivision 3556027): 17,885 households, population 41,145. Income is for 2020, the year before the census.

Source: Statistics Canada, 2021 Census of Population, Census Profile, City of Timmins (census subdivision 3556027). Checked October 2026.

What's different about borrowing in Timmins

  • Timmins is outside the City of Toronto, so a purchase pays Ontario's land transfer tax only. Our land transfer tax calculator shows the amount.
  • The 2026 residential property tax rate in Timmins is 2.168531% of the home's assessed value, counting the City and education parts (City of Timmins By-law 2026-9323, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
  • A two-bedroom apartment in the Timmins census agglomeration (CA), which includes Timmins, rented for $1,299 a month on average in October 2025, up from $1,230 a year earlier (CMHC, checked October 2026). If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
  • In the 2021 Census, 66.9% of households in the City of Timmins owned their home, and the median household income in 2020 was $82,000 (Statistics Canada, checked October 2026).

Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.

Who we help in Timmins

We help Timmins households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.

If your pay includes overtime or bonuses, lenders usually count that part only once there is a history of it. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.

Questions from Timmins borrowers

Do I pay Toronto's land transfer tax in Timmins?

No. Timmins is outside the City of Toronto, so only Ontario's land transfer tax applies.

Can I get pre-approved before I start looking in Timmins?

Yes. A pre-approval gives you a price range and usually holds a rate for a set period. It is subject to lender approval of the home you choose and your final documents, and it is not a commitment to lend.

Can I work with you if I live in Timmins?

Yes. We work with borrowers across Ontario by phone and online; our office is in Richmond Hill.

Nearby: Greater Sudbury · North Bay

General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.

Sources

No cost to talk

Talk to a broker about your Timmins mortgage

Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.

You can also call us at (416) 371-2077.

What are you looking to do?
Roughly how large is the mortgage?

Optional

We use these details to call you back about your mortgage, and store them in Canada. If we introduce you to a partner broker, we tell you first and share only what you have given us here. See our privacy policy. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722. A pre-approval or quote is subject to lender approval.