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Car Ownership in Toronto Drops, Rentals Rise

Published 1 week, 6 days ago
Description

Car ownership in Toronto plummets as costs soar and traffic worsens, with only 72% of residents owning a vehicle. The average Canadian spends $4,600 annually on car maintenance, but in Ontario, its a staggering $5,575. Despite driving less, cars remain a financial strain, with 77% of people finding car bills unaffordable. This shift may lead to increased car rentals and public transit use.

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