The multi-million dollar property is typical of the neighbourhood. Around the corner from Yorkville and the upscale retailers that dot Avenue Road, this pricey residential pocket is premium real estate. The houses, especially on this street, have narrow lot sizes (this property is 18 feet wide), and front pad parking is a rarity.
Today, the TTC board voted to up fares in order to help offset the transit system's forecasted $53 million budget shortfall, reports the Toronto Star. While the board is freezing Metropass prices as well as student and senior fares, cash fares will go up 25 cents ($3.25) and a token will cost an addition 10 cents ($2.90).
The TTC's Leslie Barns opened yesterday. This massive building will act as a maintenance and storage facility for the transit system's new fleet, although the Russell and Roncesvalles Carhouses will remain open too.
The report, completed by the Economist Intelligence Unit, ranked 35 cities on a Youth Economic Strategy (YES) Index based on 31 quantitative and qualitative factors, such as cost of living, ease of opening a new business and gender inequality. Toronto did well in many categories, and ultimately took the top spot ahead of New York and Chicago.
Currently, Yonge Street is closed between College and Alexander. "At this point, it is not known how long it will take to make the repairs and reopen the road," says a news release issued by the city.