Sometimes I think the single greatest factor in encouraging people to take up biking in Toronto is the state and cost of our public transit.
The Toronto Transit Commission has just announced another fare increase. It’s mainly because (as always) the city is unwilling to fund it properly. Maybe this is Toronto’s Cycling Strategy? Turn people off transit so much that they start biking?
I did the math (above) on how much extra a Metropass has cost someone who TTC’d to work instead of biking 8 months a year (the generally snow-free months of April through November over the past 6 years.
It’s $630. That’s just the fare increases.
If you’re wondering how much you would have saved biking to work instead of buying Metropasses 8 months per year over 6 years, it’s $6,438.
So, now my question to you is: Would you rather spend $6,500 being trapped on transit, or on a super fancy vacation?
Personally, I’ve put my TTC savings toward my mortgage. I’m now on pace to finish paying it off a lot earlier. Thanks TTC!
The fare increase that will go into effect in January will see the cost of a token rise from $2.90 to $3, while a regular Metropass will sell for $146.25, up from $141.50. Cash fares for seniors and students will go from $2 to $2.10, and senior and student tickets will go from $1.95 to $2.05. The cost of Metropasses for seniors and students will increase to $116.75, from $112.