Timmins residents — compare top Canadian banks for savings rates, no-fee chequing, and mortgage options. Timmins is a gold mining city in the Porcupine Gold Rush region of Northern Ontario.
Population ~41,000 · Updated 2025Rates and features as of 2025. Always verify directly with the institution.
Timmins buyers pay Ontario LTT only — no municipal land transfer tax applies here.
Rates: 0.5% ≤$55K · 1.0% $55K–$250K · 1.5% $250K–$400K · 2.0% $400K–$2M · 2.5% above $2M. FTB rebate: full ($4,000) if price ≤$368,000, partial up to $400,000, zero above $400,000.
Local answers for Timmins home buyers and savers.
Timmins is one of the most affordable cities in Ontario, with average home prices typically between $200,000 and $280,000. First-time buyers almost always qualify for the maximum Ontario FTB rebate of $4,000.
No. Only Toronto has a municipal LTT in Ontario. Timmins buyers pay only the provincial Ontario Land Transfer Tax.
RBC, TD, Scotiabank, and BMO all have Timmins branches. The Timmins Community Credit Union is also a local option. EQ Bank and KOHO are strong digital alternatives with no fees.
Timmins has some of Ontario's lowest home prices, making it ideal for first-time buyers. The Ontario FTB rebate of up to $4,000 further reduces your upfront costs. Use our calculator above to estimate your LTT.