Toronto’s mayor wants to impose a $2 toll on the Don Valley Parkway and the Gardiner Expressway routes into the city to fund an expansion of the transit system and road repairs.
John Tory said Thursday that the revenue would be kept in a separate fund which would be managed by an independent board and audited annually.
His idea would need provincial approval and the transportation minister Steven Del Duca said he would look at the plan “very carefully”.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: