Ontario scraps ticket resale price cap, increases fines for violating ticket law
|CTVnews 15 Apr 2019 at 22:07|
TORONTO -- Ontario is scrapping part of a law that would have capped ticket resale prices at 50 per cent above the original face value.
The Progressive Conservative government paused implementation of that section of the Ticket Sales Act -- brought in by the previous Liberal government -- shortly after the election last year. Now, as announced in its new budget, it is cancelling the rule.
"It was unenforceable," Government and Consumer Services Minister Bill Walker said Monday. "It was like a lot of things with the Liberals. It was a nice soundbite, but there was no enforcement."
Ticket resale site StubHub had warned the previous government that artificially controlling a global market would lead to resales being "driven off of secure channels" into the black market.
The business community had also pushed back against the rule, with the Ontario Chamber of Commerce telling the then-attorney general in 2017 that Ontario ticket businesses would be harmed while those located outside the reach of the province s laws would be undeterred.