Forgot your password?

Enter your email address and we'll send you a link to reset
your password.

Find an interesting property?

RedPin it and book a tour with one of our expert real estate agents!

By creating an account you accept our terms of use.

Loading...

Please be patient

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 is a different kind of brokerage. We are focused on delivering an exceptional real estate experience to all of our customers. TheRedPin is leading the way by using innovative technologies and a team of savvy marketers to provide buyers and sellers with unique end-to-end services and benefits, not found at other traditional brokerages. Through our services, our client's homes are exposed to over 5 million people. Plus, we have real estate agents that specialize in your neighbourhood that are full time, salary based employees who receive bonuses based on your selling experience. We feature an award-winning website - home to more listings than any other real estate site, exclusive VIP listings for new and pre-construction projects and great incentive programs for both buyers and sellers. To learn more about TheRedPin, Brokerage, please visit our company information. Follow our Google Plus business page for further listings. For our cash back policy please see our rebate program.