or

Not a member? Sign up now and create your RedPin account

Sign in to get the latest listings.


By registering you accept
our terms of use.

Register to get the latest listings.

Already a member? to your RedPin account

Forgot your password eh?
Don’t worry, it happens.

By creating an account you accept our terms of use.

Loading...

Please be patient

Attempting
Facebook login

Please close the Facebook login window to return to the regular login.

0

OneCity transit plan, property tax hike buried by Toronto city council

OneCity Transit Map

The highly-publicized OneCity transit plan expansion and proposed property tax hike have been essentially thwarted by Toronto city council at a meeting Wednesday.

The plan, unveiled by TTC chair Karen Stintz and vice-chair Glenn de Baeremaeker in late June, never reached the council chamber floor and was quickly shot down by both the province and numerous councillors.

Instead, councillors moved their attention to attempting to expand the Bloor-Danforth subway line into Scarborough. But that too was shot down, on the grounds that council had already approved an LRT line for the area earlier this year.

The province has also said it won’t consider changing from LRT to a subway, which would cost about $500 million more.

Stintz’s original OneCity proposal was a $30 million, 30 year investment and would have seen:

  • six new subway lines:
  • 10 new light rail transit lines
  • five new bus and streetcar routes

In addition, the plan was calling for an automatic 1.9 per cent property tax hike over for years. If adopted, homeowners would have been on the hook for around an extra $45 in the first year, accumulating to $180 in the final year.

Council did vote 43-1 in favour of an reviewing transit priorities in the Official Plan Review.

After Friday, council is on summer break until Oct. 2.

Do you have concerns about your property taxes? Check out our full MLS® listings, with great tax information

Search All GTA’s Residential Listings Free

Did you enjoy this article?
Share the Love
Get Free Updates

About the Author

TheRedPin, Brokerage is a real estate brokerage that does things differently, serving the GTA and select cities in Ontario. The brokerage has been leading the way with new efficiencies in the real estate industry, offering a customer-service oriented real estate experience with advanced technology and non-commissioned agents (who are paid on salary and given bonuses based on customer satisfaction). Additionally, the brokerage offers TheRedPin Rebate: a 25% cash back incentive. TheRedPin also features an award-winning website featuring more listings than any other real estate site. To learn more about TheRedPin, Brokerage, visit www.TheRedPin.com/company-info.