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to lift a $5-per-hour cap for on-street parking.
Man, Toronto may as well be mars. $5/hr? People pay that?
Wild
Same in Ottawa. If you can find a parking spot, and ignore gas, maintenance and insurance (which most people do for short trips). It's cheaper to drive downtown for an event, if you're single.
If you're a family (5 people in a sedan), it's cheaper with including cost of car ownership.
It's $3.70 per ticket. $7.40 for a round trip.
$14.80 for two adults and unlimited children.
And a whole $37.00 if they have three children 13 or above.
Property tax rates are strangely low in Toronto; about half of what most of the rest of the province pays.
That's all well and good if you're flush with cash, but given that Toronto is not... Why are we avoiding the low hanging fruit here?
But the value of homes is inflated in Toronto. And the density of homes is greater. So it's kind of an apples and oranges comparison. The idea is to raise taxes on those who have the means to afford it.
Which is fine if the city is bringing in enough money. But this says it is not. The tax rate is simply not high enough.
It doesn’t really matter how much the homes are worth. That is only used to define the proportional share each owner must pay. It does not define the grand total.