Toronto has one of the most expensive transit systems for riders in the world: report
With fares set to increase in a matter of days, a new report has found that Torontonians are already paying more than most other cities for transit when compared to average incomes.
According to data compiled on 45 major cities by international e-commerce platform, Picodi, Toronto transit users pay the seventh most for single tickets ($2.38 USD), and the third most for monthly passes ($116 USD). In Canadian, that equates to $3.25 and $156, respectively.
According to the report, Torontonians are paying almost four per cent of their monthly net income on transit – making it the third most expensive city for transit in Picodi’s rankings.
The only cities in which residents are spending more of their monthly income on transit than Torontonians are Sao Paulo, Brazil (14.2 per cent), Istanbul, Turkey (7.5 per cent) and London, United Kingdom (7.4 per cent).
When it comes to Canadian rankings, Toronto is the country’s most expensive city for transit, the report found.
Of the 12 Canadian cities examined, Toronto was the most expensive for a monthly pass, while Calgary, Alta. charged the most for a single ticket ($3.60). Calgary’s monthly pass, however, is cheaper than Toronto’s, coming in at $112.
Charlottetown, P.E.I. boasts the lowest single ticket price and monthly pass, at $2.00 and $20.00.
TORONTO TRANSIT TO RAISE PRICES
Toronto’s transit system will soon cost riders more.
As of April 3, both cash and pay as-you-go PRESTO fares for youths and adults will go up 10 cents.
The fares for seniors, Fair Pass Transit Discount Program users, and monthly pass customers will remain the same.
The commission says the new fare rates, alongside the almost $1-billion in municipal funding, “will help ensure the system is reliable, safe, and accessible for all Torontonians.”
NEW TORONTO TRANSIT FARES
As of April 3, adult cash fares will increase to $3.35 and youth cash fares to $2.40.
Regular adult PRESTO fares will increase to $3.30, while a physical PRESTO adult ticket will cost $3.35. Youth PRESTO fares will rise to $2.35.
Two-way adult PRESTO tickets will be $6.70 and an adult PRESTO Day Pass will be $13.50.
CTVNews.ca Top Stories
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Suter scores late goal, clinches series for Canucks
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.