Ontario put legislation into effect last month that “capped the price of resale tickets at face value,” plus the cost of some taxes and service fees, making it harder for seat holders to “offset their costs by selling tickets to games they can’t attend,” according to the CP. Up until recently, season seat holders have been able to “off-load tickets for any price the market will pay.” However, the new cap will “force season seat holders to let their tickets go for no more than face value or consider riskier, unprotected sales on social media platforms or outside venues.” Many leagues and platforms are still working out “how to allow season seat holders to post tickets while complying with the legislation.” Raptors, Maple Leafs and Toronto FC owner Maple Leaf Sports & Entertainment, as well as the Blue Jays, said last week that they are “working with the government and will have an update soon” (CP, 5/5).
Ontario legislation caps ticket resales at face value
