Timmins Sees Stars This Spring

Timmins, ON

The City of Timmins will soon host its first ever Stars and Thunder celebration, a week long international Music and Fireworks competition that will welcome visitors from several countries. The festival will include daily entertainment with several bands performing over the course of the event and will conclude with the final firework display and concert given by Keith Urban to celebrate Canada Day. Over the past few years, nearly 100 units have been added to the market. This has stabilized rents and vacancy rates. We are finally seeing vacancy rates hovering between 3-5% and monthly rents are reflecting the quality and size of the apartments. The average two bedroom unit will rent between $850-950 all inclusive. The average home price in March 2017 is $187,539 which is nearly 2% lower when compared to the average of March 2016. The average days on market for properties sold was 102 days, up from 89 days the month before.