As a homeowner and landlord…

As a homeowner and landlord with properties in Toronto, I strongly oppose this proposed legislation, which risks decreasing the value of my investments. I chose to invest in Ontario because I believed in its forward-looking future, particularly the rapid modernization of downtown Toronto. Now, with this shift in approach, I have serious doubts. My property in Vancouver has benefited significantly from its proximity to biking infrastructure, not just in terms of value appreciation but also with satisfied tenants who appreciate the convenience. Additionally, the young family who resides in one of my Toronto property really enjoys the safety afforded by complete streets in their downtown neighbourhood. While I primarily drive and use transit, I firmly believe that the more people who have alternative ways to travel, the less stress it places on our roads. Restricting the expansion of bike lanes could hinder Toronto’s growth and its ability to remain a competitive, attractive urban core. This legislation also puts my property rights at risk with its unreasonable expropriation clauses, further decreasing the attractiveness of investing in Ontario and Toronto.