TINY TOWNS FOR BIG IMPACT
WHY TINY?
DO THE MATH
How much does someone in Simcoe County make?
The average is $42,520 per year or $21.81 per hour. Entry-level positions start at $27,183 per year, while most experienced workers make up to $78,662 per year.
https://ca.talent.com/salary?job=simcoe+county
How much is the average home?
The average price of homes sold in October 2022 was $634,318, down modestly by 1.8% from October 2021. The more comprehensive year-to-date average price was $714,031, an increase of 15.2% from the first 10 months of 2021.
https://creastats.crea.ca/board/simc
If the accepted % of housing cost is 30% of income, we have a major Price GAP to fill.
Where are affordable 1-bedroom, studio rentals or homes in the market?
In a survey by Simcoe County on homelessness in 2020 it showed that 93% of” family types” were SINGLE (84%) or Single with child (11%)
Yet we are continuing to build multi-bedroom units assuming 2 incomes will cover rent, making them out of reach for these potential renters or owners.
