Toronto is now one of the hardest places in Canada to justify owning a car

Between consistent traffic, endless construction, and the soaring cost of living, the financial and practical burden of car ownership is becoming more and more difficult to justify in major cities, and nowhere is that more apparent than right here in Toronto.According to car rental marketplace Turo's State of Car Ownership in Canada '26 study, data shows that fewer people in Toronto are holding onto their vehicles. Regional findings show that just 72 per cent of Toronto residents surveyed reported owning a car, which is well below the national average of 85 per cent.The study also found that 40 per cent of Toronto drivers say owning a car forces them to cut back on other spending, meaning the added expense often spills into other parts of their lives.In Ontario, drivers face some of the highest car ownership costs in the country. On average, it costs roughly $5,575 per year to own and maintain a vehicle in the province, which is approximately 26 per cent more than in B.C.For co...


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Automotive
ID: 1538429769147338735


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