Missisauga, Ontario – Insurance Bureau of Canada (IBC) is calling out the Mississauga City Council after an abrupt decision to increase towing rates by 87.5 percent on July 6.
According to IBC, this brings the cost of the average tow in Mississauga to $750, up from $400. This is nearly twice that of other cities in the Greater Toronto Area, with London being the cheapest at $275 and Brampton as the closest runner-up at $400.
This motion to increase tow fees was unanimously passed without consultation or reports. It also falls in line with the provincial government’s recent developments for more oversight on the towing industry, which has been linked to multiple, well-documented incidents of fraud and violence.
IBC says this decision is not in the public interest and worsens existing consumer pressure from inflation, and calls on the council to “reverse this decision until the effects of this increase can be studied and justified in a more complete and open fashion.”