Finance
Impact of Tourism
As
a bustling, year-round tourist destination just a two-hour drive
north of Toronto, Huntsville experiences retail sales 37% above
the national average, a reflection of the influence of tourism.
In 2003, retail sales are expected to reach $260 million, for
a total of 0.08% of the Canadian Total. In 2005 retail sales are
projected to reach $283 million; in 2008, $324 million (Financial
Post, Canadian Markets 2003).
Income Activity
Income
(2003 estimates)
| Avg.
household income |
$52,304
|
| Avg.
family income |
$55,320
|
| Per
capita income |
$20,136
|
| Avg.
employment income male |
$31,486
|
| Avg.
employment income male (full time) |
$44,286
|
| Avg.
employment income female |
$21,026
|
| Avg.
employment female (full time) |
$33,042
|
Source:
Financial Post Canadian Demographics, 2003
Disposable
& Discretionary Income (2003 estimates)
| Disposable
income per household |
$41,695
|
| Discretionary
1 (less food & shelter) |
$29,253
|
| Discretionary
2 (less food, shelter, & other) |
$18,874
|
Source:
Financial Post Canadian Demographics, 2003
Liquid
Assets (2001 Estimates)
| Equity
investments per household |
$73,239
|
| Interest
bearing investments per household |
$53,132
|
| Total
liquid assets per household |
$126,372
|
| Total
liabilities per household |
$50,730
|
Source:
Financial Post Canadian Demographics, 2003
Financial Institutions
There
are several private financing agencies and financial planning
firms located in Huntsville . The Town serves as the financial
centre for north Muskoka.
Name
|
Type
|
RBC
Financial Group (Royal Bank) |
Commercial
Bank |
TD/Canada
Trust |
Commercial
Bank |
CIBC
(Canadian Imperial Bank of Commerce) |
Commercial
Bank |
Bank
of Montreal (BMO) |
Commercial
Bank |
Bank
of Nova Scotia |
Commercial
Bank |
National
Bank of Canada |
Commercial
Bank |
National
Trust |
Commercial
Bank |
Parry
Sound/Muskoka Credit Union |
Credit
Union |
Business
Development Bank of Canada |
Other
|
Avco
Financial Services |
Other
|
(**consult
the Town of Huntsville Yellow Pages for further listings)
Muskoka Community
Futures Development Corporation
The
Muskoka Community Futures Development Corporation (MCFDC), a not-for-profit,
community organization, administers a local investment fund to
help finance start-up, expansion and /or stabilization programs
for businesses that create or maintain jobs in the Muskoka area.
Repayable loans, loan guarantees and equity investments are available
to qualified organizations.
Phone:
(705) 646-9511
Web
Site: www.muskokacfdc.ca
Municipal Finance
| %
Share of Property Tax Revenue for 2002 |
|
Commercial
(%): |
12
|
Industrial
(%): |
3
|
Residential
(%): |
85 |
Capital
Expenditures for 2002 ($Million): |
2.6 |
The
Residential percentage includes municipal reserves, farms, pipelines,
and managed forests.
Tax Assessment
For
the most recent tax assessment on a particular property, please
contact:
Municipal
Property Assessment Corporation (MPAC)
Phone:
(866) 296-6722
Web
site: www.mpac.ca
|