Sara Kareer

Sales Representative

Millennium Inc., Brokerage*

10-350 Rutherford Rd South

Brampton, ONL6W 3M2

›› Une Belle Initiative Pour Les Étudiants › Kim Smith › Blog › City of Toronto orders Condo Developers to buy annual TTC Metropass for Every Unit

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City of Toronto orders Condo Developers to buy annual TTC Metropass for Every Unit

City of Toronto orders Condo Developers to buy annual TTC Metropass for every unit.  

Toronto Transit Commission

 

 

In an attempt to encourage transit use and reduce dependency on motor vehicles, the City of Toronto has passed an initiative requiring Developers building condos on Toronto transit lines to buy every unit an annual TTC Metropass in order to obtain condominium approval from the city. This will be applicable to condo projects with 20 or more units that “are or will be serviced by transit”.

Councillor Howard Moscoe, pushed the initiative forward, which passed council without debate. The policy states the cost of the metropasses cannot be passed onto the condo buyer. Critics claim it will cost Developers $1400 per unit.

“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).

 

Read the full article "City orders condo developers to buy annual metropass for every unit" in the National Post.

 

 

 

 

Thinking of Buying or Selling a Home or Condo in Brampton, Caledon, Mississauga, Oakville, Toronto, or Vaughan?
Please contact:

Sara Kareer,
Your trusted friend in the Business

Sales Representative
Century 21 Millennium Inc., Brokerage

(tel) 905-450-8300
(toll-free) 1-888-450-8301
(web) www.SaraKareer.com
(web) www.century21.ca/sara.kareer

 

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Posted by Sara Kareer on December 7, 2009
Tags: Air Miles Travel Miles Brampton Agent Brampton Real Estate century 21 Real Estate Toronto Condos and Homes
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