By Alex Drobin and Mat Hartley
TTC fares will be going up by 25 cents in January, 2016.
This change comes in wake of an estimated $53-million budget shortfall, as reported by the CBC.
The price of the Metropass will remain unchanged for the time being, according to a statement from the TTC.
Toronto Mayor John Tory originally announced a fare freeze but said on Monday that he does believe that fares should change annually.