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.
Canadian transit costs (Picodi)
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
NEW After hearing thousands of last words, this hospital chaplain has advice for the living
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
BREAKING Police cordon off Iran consulate in Paris where man threatens to blow himself up: French media
French police cordoned off the Iranian consulate in Paris on Friday, where a man was threatening to blow himself up, Europe 1 radio and BFM TV.
Some Canadian families will receive up to $620 per child today
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.
BREAKING Iran fires at apparent Israeli attack drones near Isfahan air base and nuclear site
An apparent Israeli drone attack on Iran saw troops fire air defences at a major air base and a nuclear site early Friday morning near the central city of Isfahan, an assault coming in retaliation for Tehran's unprecedented drone-and-missile assault on the country.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Ottawa to force banks to call carbon rebate a carbon rebate in direct deposits
Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.
Ontario woman loses $15,000 to fake Walmart job scam
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
After COVID, WHO defines disease spread 'through air'
The World Health Organization and around 500 experts have agreed for the first time on what it means for a disease to spread through the air, in a bid to avoid the confusion early in the COVID-19 pandemic that some scientists have said cost lives.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.