07-23-2015, 01:51 PM
(07-23-2015, 01:19 PM)BuildingScout Wrote:(07-23-2015, 11:20 AM)tomh009 Wrote: I can't see that bylaw enforcement would realistically have any resources to check this out.
So how big an issue is this for the local medallion owners? I can't imagine that the medallion prices would be at anywhere near the Toronto levels.
Why not? it's a matter of supply and demand, not city size. So in principle if demand was sufficiently tight they could well be more expensive than Toronto. I have no idea if they are, I'm just saying that a priori there is no reason to think they are lower/higher than Toronto without knowing how scarce they are.
While that's true, things generally cost less here than in Toronto.
Turns out that the Region of Waterloo tries to maintain 1:1650 ratio of taxis licenses to residents: http://www.regionofwaterloo.ca/en/doingB...xiCabs.pdf
Also, there is a study that explores the factors contributing to the number of licensed taxis in various jurisdictions. That study, interestingly, found that the population of a region did not affect the number of taxis there. The factors that did contribute were: # of subway commuters; # of no-vehicle households; and # of travelers exiting the airports.
http://www.nctr.usf.edu/jpt/pdf/JPT%208-...haller.pdf