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Timmins, Ontario

.The city of Timmins has a population of over 43,000 people. It is located in northeastern Ontario, on the Mattagami River.

The first people to settle in Timmins were nomadic tribes dating back to 7000 BC. During the 1600s, explorers and fur traders established outposts in the north to capitalize on the fur trade. In 1912, The Town of Timmins was officially established and became a city of Ontario.

Timmins' economy is based on a boom-and-bust business cycle. The city's economic state is controlled by its major industry: mining. When gold and base-metal prices are high, the city's economy explodes; however, when thos prices drop, the local market historically dips with it. Timmins' secondary industries include: forestry, tourism, recreation, health care, education, commercial and industrial commerce, culture and telecommunications.

The city's mayor is Tom Laughren. He was sworn in on December 8. 2006, succeeding Vic Power, the city's longest-serving mayor. Eight councillors serve with the mayor to complete the municipal government. Those eight councillors are elected to one of five areas of the city through a Ward electoral system. Councillors are elected to a 4-year term.

The city's slogan is: "The City with a Heart of Gold"

Demographics Timmins

     
Population and Dwelling Counts
Timmins (CA)
Ontario
Population in 2006
42,997
12,160,282
Population in 2001
43,686
11,410,046
2001 to 2006 population change (%)
-1.6
6.6
Total private dwellings
18,642
4,972,869
Private dwellings occupied by usual residents
17,381
4,554,251
Population density per square kilometre
14.5
13.4
Land area (square km)
2,961.58
907,573.82
Total population 15 years and over
35,135
9,949,485
Not in a common-law relationship
30,725
9,257,730
In a common-law relationship
4,415
691,755
Average household size
2.4
2.6
Number of owned dwellings
11,930
3,235,495

 

Important Information About Your Rates


Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. For most customers the total increase will amount to $254.99 based on an annual volume of 2,600 m 3.

The gas commodity rate has increased by 7.3112 cents/ m 3. This change reflects the increase in Union Gas forecast cost to purchase natural gas for the next 12 months.

In addition, the change in the gas price adjustment is an increase of 2.0276 cents/ m 3. This change reflects the difference between the projected cost of natural gas that Union Gas expects to pay and the amount that Union Gas expects to recover through the current gas commodity rate over the next 12 months.

The gas rate is adjusted this way so that you are billed at a rate that more closely reflects the market price of natural gas and avoids large out-of-period adjustments.

The transportation rate has increased by 0.4676 cents/ m 3 to 3.5148 cents/ m 3. Delivery price increased slightly by 0.0224 cents/ m 3.

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

Rent Increase Guideline

The Ontario Government has set the rent increase guideline at 1.8% for 2009.

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The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association. The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word. This is a Canadian site offering information, the word REALTOR® intended use is that of a member of the Canadian Real Estate Association. The owner of the site is a member of the Canadian Real Estate Association. If you would like further information please contact.

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