Toronto 
Beginning February 1, 2024, the 407 ETR highway in Ontario will implement a new rate schedule, concluding a four-year period of stable toll rates set in February 2020 due to the COVID-19 pandemic.
Per the news release, this change aligns with the normalization of traffic volumes as more people resume regular commuting patterns.
407 is a tolled highway spanning the Greater Toronto Area, and 407 ETR is the 108 km section from Burlington to Pickering.
The fully electronic and open-access highway is majorly Canadian-owned and employs over 500 people in Ontario.
The highway’s toll rates are structured based on several factors, including the section of the highway, day of the week, time of day, direction of travel, and vehicle weight.
New Toll Rate Highlights:
- Light vehicle toll rates will increase by one to 11 cents per kilometer, varying by time of day and travel zone.
- The majority of personal users are expected to see less than a $5 increase in their monthly bill.
- All other fees associated with the highway remain unchanged, like Transponder Lease Fee and Camera Charge remains the same.
CNW Group/407 ETR Concession Company Limited
407 ETR says the highway’s toll rates are competitive when compared to other North American toll roads. The news release states, “407 ETR benchmarks its toll rates against 28 other publicly and privately-operated toll roads and managed lanes across North America. When you compare peak toll charges, 407 ETR sits in the bottom half of its peers, behind Chicago, Dallas, Los Angeles and Miami.”
CNW Group/407 ETR Concession Company Limited
407 International Inc., the exclusive owner of 407 ETR, is jointly held by Canada Pension Plan Investment Board through subsidiaries (50.01%), Cintra Global S.E., a Ferrovial S.A. subsidiary (43.23%), and AtkinsRéalis Canada Inc., previously SNC-Lavalin Inc. (6.76%).
Calculate Toll Rates Here.
