Without debate the Toronto City Council has decided that Metro passes must be included for each new unit in a condo development. The policy states the cost of the metropasses cannot be passed on to the condo buyer.
Developers building condos on Toronto transit lines will now have to buy every unit a TTC metropass for a year in order to obtain condominium approval from the city, a policy critics say comes at a high cost and without proof people will use it.
“How does the city know that everyone is going to want or need a metropass?” said Stephen Dupuis, president and chief executive officer of Building Industry and Land Development Association (BILD).
City council voted yesterday in favour of the policy, which Mr. Dupuis said adds a systemic cost of about $1,400 per unit. He said his organization is pro-transit, “but people are going to take transit if it suits their lifestyle.”
Read more:
http://network.nationalpost.com/np/blogs/toronto/archive/2009/12/05/city-orders-condo-developers-to-buy-annual-metropass-for-every-unit.aspx#ixzz0YrJPurUdHow does this help future resales when people have a car and need to decide if they will or will not use the TTC?
How does this Not become a forced annual tax on each unit to buy the TTC metro pass at $1400
Will we get a discount if we return the Metro Pass?
If I Give up my car I save the $60 living in Toronto Extra Tax If I pay the $1400 tax right?
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