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Jan 08
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Hot or Cold? December 2023 Toronto Real Estate Market Update | Episode 36

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The Toronto Livings Podcast Episode 36: A New Year, A New Theme Song and A 2023 Real Estate Market Recap

In the 36th episode of the Toronto Livings Podcast, hosts Mark and Joey discuss the new theme song for the show, their New Year's plans, and a recap of the 2023 Real Estate Market. They further discuss the market activity for December in Toronto and multiple news topics such as rising ticket penalties for speed, a subway fire due to an e-bike malfunction, and misprinted street signs in Toronto.

(00:00) Introduction and New Theme Song
(00:24) Reflecting on 2023 and New Year's Plans
(00:51) Welcome to the Toronto Livings Podcast
(01:25) New Year's Celebrations and Experiences
(04:21) Dietary Changes and New Year's Resolutions
(05:16) New Year's Eve Experiences and Future Plans
(10:01) Reflecting on Podcast Appearances and Future Changes
(12:37) News You Can Use: Traffic Updates and Mean Girls Mansion
(23:47) December Market Update
(26:16) Holiday Season and Real Estate Market Slowdown
(26:33) Drastic Drop in New Listings
(26:59) Real Estate Market Strategies and Anomalies
(27:10) New Year's Eve Real Estate Adventures
(27:35) The Mystery of New Year's Eve Listings
(28:40) Active Listings and Market Trends
(29:14) Average Prices and Market Misconceptions
(30:00) Days on Market and Market Slowdown
(31:07) Bank of Canada's Decision and Market Predictions
(31:29) Market Trends and the 'Santa Pump'
(32:12) Inventory Analysis and Market Predictions
(33:27) The Stanley Water Bottle Discussion
(35:25) Sales Analysis and Market Trends
(38:06) Price Analysis and Market Trends
(43:40) Months of Inventory and Market Trends
(48:12) Final Thoughts and Predictions for the New Year

Shoutouts:

https://reidsdistillery.com/

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

#torontorealestate #realestatepodcast #torontopodcast

Dec 19
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The Working Wives of Toronto Livings – Living with a Realtor | Episode 35

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A behind-the-scenes look at living with a Toronto Realtor. Get a glimpse into the dynamic relationship of Mark Savel and his partner, Adriana S. Our hosts delve into candid discussions about the blend of their professional and personal lives, with insightful and amusing anecdotes, tips about financial management, interesting details about their social media strategy, and a peek into the living culture of Toronto. The podcast promises a hearty blend of life, love, and property, drawing from the unique experiences of the couple, balancing their thriving careers in real estate while ensuring a fulfilling personal life.

Chapters

(00:01) Introduction and Episode Overview
(00:42) Meet the Hosts: Mark and Joey
(01:23) Special Guest Introduction: Adriana S.
(01:57) Adriana’s Experience with the Podcast
(02:33) Adriana’s Week and Food Experiences
(02:51) Mark and Joey’s Week and Food Experiences
(11:44) Discussion on Mortgage Rates
(14:17) Debate on Renaming Dundas Square
(23:08) Transition Time
(24:26) The Beginning of Their Love Story
(25:43) The First Date and Early Relationship
(27:17) The Proposal and Wedding Plans
(27:35) The Depth of Their Connection
(31:58) The Challenges and Benefits of Being a Realtor’s Partner
(40:58) The Importance of Communication and Shared Calendars
(46:55) The House Hunting Experience
(48:40) The Decision to Buy a Loft
(01:00:33) Reflecting on Past Decisions
(01:00:42) The One That Got Away: A Missed Real Estate Opportunity
(01:03:02) Balancing Risk and Reward in Real Estate
(01:07:06) The Importance of Financial Planning and Budgeting
(01:17:16) The Role of Social Media in Business
(01:23:24) The Story Behind the Nicknames
(01:29:45) Looking Forward: Plans for the Podcast

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Dec 12
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Navigating the Toronto Real Estate Market in November 2023: What You Need to Know | Episode 34

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In this episode of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio share insights on the November real estate market update.

They delve into Toronto's real estate market, the culture, and food and lifestyle topics related to life in Toronto. The hosts discuss the Bank of Canada's rate hike announcement, the current state of the city's real estate market, and recent trends in sales, purchases, and active listings.

Additionally, they touch on personal experiences with holiday festivities and highlight some key shout-outs and mentions from Spotify podcasts listeners. The episode takes a fun, conversational approach to exploring Toronto's ever-changing real estate landscape.

Chapters

(00:00) Introduction and Welcome
(00:07) Discussing the November Market Update
(00:24) Holiday Party and Food Experiences
(00:38) Bank of Canada's Rate Hike Announcement
(00:41) Shout Outs and Christmas Celebrations
(00:54) Toronto Living's Podcast Introduction
(01:26) Christmas Decorations and Celebrations
(03:34) Recap of Sage's Annual Christmas Party
(05:38) Party Shout Outs and Aftermath
(13:25) Uber Eats Experience and Food Discussion
(17:53) Bank of Canada's Rate Decision
(19:24) Uber vs. City of Toronto
(23:13) Spotify Wrap Up and Listener Shout Outs
(27:34) Discussing Listener Engagement
(27:47) Appreciating Loyal Listeners
(28:10) Personal Anecdotes and Listener Connections
(28:57) Transitioning to Main Topic
(29:46) Analyzing November Market Numbers
(30:18) Reflecting on Market Trends
(30:32) High-Level Market Overview
(30:38) Sales Analysis
(31:20) Inventory Analysis
(34:14) Price Analysis
(36:26) Months of Inventory Analysis
(48:40) Christmas Wishes and Personal Stories
(54:56) Wrapping Up and Shoutouts

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast
https://podcasters.spotify.com/pod/show/toronto-real-estate

#torontorealestate #torontopodcast #realestatepodcast

Dec 05
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Prepare Yourself: The Bold 2024 Real Estate Predictions for Toronto | Episode 33

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In episode 33 of Toronto Livings Real Estate Podcast, hosts, Mark Savel and Joey Virgilio provide their predictions for the real estate market in Toronto for 2024.

They particularly focus on real estate sectors such as detached houses, semis, towns, and condos. The conversation extends to include updates about changes in the Trust In Real Estate Services (TRESA) act and influences of AI in real estate.

They also delve into their personal lives, sharing their fondness for aquariums, rocks, plants and their future plans of inviting guests to the podcast, including celebrities, chefs, pro athletes and family members. The episodes cover a mix of professional insights, personal experiences, future goals and appreciation for their fan base.

Chapters

(00:00) Welcome and Introduction
(01:12) Joey’s Return from Mexico
(01:47) Joey’s Mexico Trip Recap
(02:38) Jellyfish Encounter in Mexico
(05:34) Food Experiences in Mexico
(07:31) Back to Work After Vacation
(07:39) Toronto Food Scene Discussion
(10:21) Real Estate Market Update
(10:25) Predictions for 2024
(10:25) Predictions for Real Estate Market in 2024
(11:18) News You Can Use Segment
(28:48) Discussion on Condo Market
(30:33) Concerns About Pre-Construction Market
(32:21) Discussion on Variable Rates and Real Estate Developers
(32:49) Impact of High Rates on Real Estate Market
(33:37) Predictions for Real Estate Market in 2024
(33:49) Debate on Best Performing Real Estate Segment
(34:37) Impact of Airbnb Restrictions on Condo Market
(34:58) Changes in Rental Prices and Market Trends
(37:10) Predictions for Detached House Prices
(39:04) Discussion on Real Estate Market Anomalies
(42:22) Impact of Tressa on Real Estate Market
(47:08) Discussion on AI in Real Estate
(55:35) Personal Goals and Plans for 2024

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Show Notes/Shoutouts:

Where You Can Find Us

? For all your Toronto Real Estate Needs:

New Home Page 2023

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Nov 21
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How Will Ai (Artificial Intelligence) Transform Real Estate | Episode 32

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Artificial Intelligence Transforming Real Estate: Opportunities, Risks, and Future Predictions

In Episode 32 of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio delve into the impact of artificial intelligence (AI) on the real estate industry.

They examine the changes AI brings such as improved property searches, valuations, marketing strategies and process automation, and potential risk of AI outsmarting humans. They also share their insight on AI's assistance in creating content, business plans, creative messaging and discuss the ethical implications.

The hosts explore the controversial issue of AI replacing human jobs and stress the need for human interaction in the AI-driven world. Ultimately, they speculate on the future of AI in real estate and other industries, while also discussing their personal updates, food discoveries, market trends, and upcoming properties.

(00:00) Introduction and Welcome
(00:31) Toronto Livings Podcast: Real Estate, Culture, and Food
(01:08) AI Joey and Human Joey: A Funny Interaction
(01:42) Episode 32: AI and Its Impact
(02:14) Personal Updates and Vacation Plans
(02:33) Music and Food: Weekly Highlights
(03:06) Exploring Toronto's Food Scene
(09:00) News You Can Use: AI and Real Estate
(10:13) The Most Viewed Property in Canada
(24:18) AI in Real Estate: Property Valuation and Pricing
(29:12) Automated Customer Service: AI and Chatbots
(33:46) Exploring the Power of AI in Cold Calling
(34:44) The Cost and Efficiency of AI in Business
(35:37) AI and the Future of Job Market
(36:46) AI in Enhancing Property Search Platforms
(40:47) AI in Smart Home Technology
(41:48) AI in Process Automation and Personalized Marketing
(50:45) The Ethical and Privacy Concerns of AI
(58:51) AI in Content Creation and Personalized Messaging
(01:08:38) The Future of AI in Real Estate

Shout Outs

Kingston 12 Patty shop – 1808 Eglinton Ave W
Aloette Go – 2362 Yonge St

Gushi (Dundas W x Bathurst) – 707 Dundas St W

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

Nov 14
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Why TRESA Is Set to Transform the Ontario Real Estate Industry | Episode 31

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In Episode 31, realtors Mark Savel and Joey Virgilio dive into the upcoming changes in the real estate industry with the introduction of the Trust in Real Estate Services Act (TRESA).

Coming into effect from December 1, 2023 these changes have significant implications for buyers, sellers, and real estate professionals alike, altering the way real estate transactions are handled, especially within bidding wars.

The duo also discuss their personal experiences and opinions on these changes and their potential impacts. The episode is sprinkled with fun banter and anecdotes, giving listeners an insight not just into the world of Toronto real estate, but also into their engaging working relationship.

(00:00) Introduction and Episode Overview

(00:45) Meet the Hosts: Mark and Joey

(01:55) Personal Updates and Birthday Celebrations

(02:42) How Was Your Week, Where Did You Eat?

(04:40) Birthday Surprises and Toronto Maple Leafs Game

(08:56) Transition to Main Topic: Changes in Real Estate Regulations

(11:17) Discussion on New Real Estate Regulations: TRESA

(15:46) Impact of TRESA on Multiple Offers and Bidding Wars

(21:50) Market Strategy and Client Choice

(23:47) The Impact Of TRESA on Prices

(24:35) Coffee Break and Casual Chat

(25:09) Designated Representation

(25:24) Understanding Multiple Representation

(28:59) The Shift to Designated Representation

(32:29) The Concept of Self-Represented Party

(39:12) The Impact of Changes in the Real Estate Industry

(41:51) Closing Remarks and Shout-Outs

Where You Can Find Us

? For all your Toronto Real Estate Needs:

New Home Page 2023

?️ Instagram

Mark Savel: https://www.instagram.com/torontolivings/

Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Nov 07
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Toronto Real Estate Market Update: A Sideway Month | Episode 30

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In this episode of the Toronto Livings Podcast, we take a closer look at how the real estate market performed in October 2023, in the City of Toronto.

Join hosts Mark Savel and Joey Virgilio as they provide their weekly real estate insights focusing on all things Toronto in Episode 30. They discuss the recent balance in the real estate market, the condo collapse and what it signifies, the potential for a drop in rates, and factors causing a market slowdown as seen in October's numbers. They also touch on topics like rat and bedbug infestations in the city, as well as sharing their personal experiences and tidbits about the Toronto living culture. Tune in to stay up-to-date on the latest real estate trends in the city.

Chapters

(0:00) Introduction and Episode Overview
(1:05) Personal Stories and Family Updates
(7:05) Food Recommendations and Birthday Plans
(12:38) News You Can Use
(19:58) Market Analysis
(29:23) Closing Remarks and Teaser for Upcoming Project

Are you looking to buy or sell in the Toronto real estate market? In this episode of the Toronto real estate market update, we give you an overview of the current state of the market for the month of October and provide you with tips on how to navigate it.

Where You Can Find Us

? For all your Toronto Real Estate Needs: TorontoLivings.com/

?️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast
https://podcasters.spotify.com/pod/show/toronto-real-estate

Oct 31
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Is It Better to Buy a Resale or Pre-Construction Condo in Toronto | Episode 29

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Mark and Joey from the Toronto Livings Toronto Real Estate Podcast have age-old debate: Is it better to invest in resale properties or opt for preconstruction opportunities? Join us as we explore the pros and cons of both options, empowering you to make an informed decision as a real estate buyer.

Chapters

(0:00) Introduction and Welcome

(0:40) Podcast Hosts Introduction

(1:35) Topic Introduction: Resale vs Pre-Construction

(1:43) How Was Your Week, Where Did You Eat?

(11:14) Toronto's Best Places to Live

(13:55) Bedbugs in Toronto's Public Libraries

(16:49) Resale vs Pre-Construction: Pros and Cons

(42:48) The Hybrid Option: Assignments

(50:52) Conclusion and Shout-Outs

✅ Resale properties bring the advantage of immediate gratification. You can physically inspect the property, ensuring that it meets your requirements and tastes. Additionally, you'll have the opportunity to negotiate on price and potentially save some money. However, keep in mind that resale properties may require renovations, and their prices could be influenced by current market trends.

?️ On the other hand, preconstruction properties offer a thrilling prospect of becoming the first resident of a brand-new, meticulously designed home. With cutting-edge features and modern amenities, these properties often provide an ideal blend of convenience, comfort, and contemporary living. Furthermore, purchasing during the preconstruction phase can lead to substantial savings and potentially higher returns on investment in the long run.

❓So, which option is truly the best choice for you as a real estate buyer? It ultimately depends on your unique circumstances, preferences, and financial goals. Consider factors such as budget, desired timeline, personalization options, market conditions, and potential rental income.

? At our real estate consultancy, we understand the significance of making the right choice. Whether you're a first-time buyer or a seasoned investor, our experienced team is here to guide you throughout the process and help you navigate the complexities of the resale and preconstruction markets.

? Still undecided? Watch our comprehensive video to gain valuable insights from industry experts and real estate professionals. We delve into the key considerations, potential risks, and rewards associated with both resale and preconstruction properties. By the end of this video, you'll have a clearer vision of which choice aligns best with your aspirations and can make an informed decision as a real estate buyer.

? Don't forget to like, subscribe, and hit the notification bell to stay updated on our latest videos. Share this video with fellow real estate enthusiasts, helping them gain clarity between the resale versus preconstruction dilemma. Feel free to leave your comments or questions below, and we'll be thrilled to address them and engage in meaningful discussions with our growing community.

Show Notes/Shoutouts:

Superkickd Pro Wrestling: https://www.superkickd.ca/

Toronto Life Article – Ranking Torontos Best Neighbourhoods to Live: https://torontolife.com/deep-dives/toronto-neighbourhood-rankings-the-best-places-to-live/

Bed Bug Control and Removal: https://arpestcontrol.ca/bed-bugs-pest-control/

Where You Can Find Us

? For all your Toronto Real Estate Needs:

New Home Page 2023

?️ Instagram

Mark Savel: https://www.instagram.com/torontolivings/

Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Oct 24
Love0

Unlocking the Secret to Saving: Buy Your Dream Home Faster | Episode 28

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Are you tired of renting and ready to unlock the path to homeownership?

In this podcast, we will guide you through the essential steps to save enough money for your dream home. Our comprehensive guide will provide you with expert tips and strategies to help you master the art of saving for your dream home. Whether you're a first-time buyer or looking to upgrade, saving for a home requires careful planning and financial discipline. We understand the importance of this milestone in your life, and we're here to support you every step of the way.

In this video, we will cover various tried-and-true methods to bolster your savings. From clever budgeting techniques to maximizing your income, we've got you covered. Learn how to minimize expenses, eliminate unnecessary spending, and make the most of your hard-earned money. Discover effective strategies to grow your savings through smart investments, ensuring you reach your homeownership goal faster than ever before.

Additionally, we will discuss potential obstacles that might hinder your progress and provide practical solutions to overcome them. Don't let unforeseen financial challenges stand in the way of your dream home. Together, we'll address these obstacles and keep you on track! Join us as we empower you to take control of your finances and transform your dream home into a reality. Remember, your journey to homeownership starts with the right strategies and unwavering determination. Together, let's unlock the path to your dream home!

1. Set a savings goal and reverse engineer it.

2. Create a budget

3. Bet rid of bad debt

4. Increase Income (play more offense)

5. Automate those savings (and invest)

6. Stay motivated – keep your eye on the prize.

Chapters

(0:00) Podcast Summary
(1:24) Introduction
(2:25) Where did you eat?
(8:00) News You Can Use
(15:48) TRANSITION TIME
(19:00) Set a savings goal
(21:53) Budget
(27:22) PINKYS UP
(31:07) Eliminate bad debt
(38:32) Increase Income
(38:43) Automate those savings
(51:38) Stay motivated – keep your eye on the prize.
(58:28) Shoutouts

Show Notes/Shoutouts:

Alebrijes (ale – bre – jez) Taqueria – 2404 Dufferin St, York, ON M6E 3S8

Beer Town – https://beertown.ca/

Canadian Couch Potato Investing – https://canadiancouchpotato.com/

Dave Ramsey – https://www.ramseysolutions.com/

Where You Can Find Us

? For all your Toronto Real Estate Needs:

New Home Page 2023

?️ Instagram

Mark Savel: https://www.instagram.com/torontolivings/

Joey Virgilio: https://www.instagram.com/joey_torontolivings/

? Weekly Podcast

Oct 22
Love0

Toronto’s Transportation Revolution: The Uber Debate | Episode 27

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Toronto's Transportation Revolution: The Uber Debate Toronto, a vibrant city known for its diversity and fast-paced lifestyle. But when it comes to transportation, is the city keeping up with the times or too far ahead?

Chapters

(00:00) Introduction and Podcast Kickoff

(0:32) Discussing Uber and City Life

[1:58] The Espresso Experiment

[2:52] Catching Up and Sharing Personal Stories

[3:04] Exploring Toronto's Food Scene

[14:19] The Uber Debate Begins

[15:19] Diving Deeper into the Uber Issue

[19:06] The Impact of Uber on City Life

[35:31] Closing Thoughts and Future Topics

[36.59] Podcast Wrap-up and Shoutouts

For years, Toronto residents have relied on traditional transportation options like taxis and public transit. But with long wait times, high fares, and limited availability, many are left frustrated. Enter Uber, the ridesharing giant that has transformed the way people get around in cities worldwide. With just a few taps on your phone, a reliable and affordable ride is at your doorstep.

But the arrival of Uber hasn't been without controversy. Traditional taxi drivers argue that the ridesharing service is taking away their business and jeopardizing their livelihoods… oh and TRAFFIC, a lot of it!

Taxi drivers claim that Uber operates in an unregulated market, allowing them to offer lower prices and undercut traditional taxis. This, they argue, creates an unfair playing field. In response, taxi drivers have organized protests and strikes, demanding that Uber be banned in Toronto. They argue that their years of training, licensing, and regulations should give them an advantage over Uber drivers. Uber, on the other hand, argues that their service provides a much-needed alternative in a city with growing transportation demands. They emphasize the benefits of flexible working hours and the economic opportunities it brings.

Many Toronto residents appreciate the convenience and simplicity of Uber. They enjoy the shorter waiting times, cleaner cars, and ease of payment that the ridesharing service offers. But others complain about all the extra traffic Uber has brought to the streets of Toronto.

The Uber debate has reached the highest levels of government, with city council members grappling with how to regulate the service. The decision will shape the future of transportation in Toronto. In the last move, City Council voted to freeze the number of Uber and Lyft vehicles on Wednesday. No new licences to private transportation companies will be issued until a staff report on regulating the industry is completed by the end of 2024. Mayor Olivia Chow says the move will benefit app company workers and help reduce emissions.

“We need to put a good system in place so that drivers can make a living,” she says. “We will have a good system without contributing too much on the congestion and greenhouse gas emissions.” Opponents warn the move will only drive up prices and prompt legal challenges from ride-hailing companies.

So, does Toronto need Uber? That's a question that remains unanswered. As the debate rages on, it's clear that the future of transportation in this bustling city hangs in the balance.

Thanks for watching our video on a very contested question: Should Toronto Cancel Uber?

Show Notes/Shoutouts:

RideFairTO – https://ridefair.ca/

Yukashi Toronto – https://www.yukashitoronto.com/

Lardo – https://www.lardo.ca/

BeerTown – https://beertown.ca/

Articles on the citys announcement to freeze new licenses for Uber:

https://driving.ca/auto-news/local-content/toronto-temporary-freeze-new-uber-lyft-licences

https://torontosun.com/news/local-news/uber-canada-and-lyft-not-happy-with-city-of-torontos-cap-on-licences

Uber, Lyft warn of higher costs, long wait times as Toronto moves to cap drivers