Metrolinx set to pay TTC $38 million over issues with Presto system, LRT construction costs; Toronto city councillors pledge to avoid tax hikes, service cuts in face of $1.3B shortfall; Expect New Year's celebrations, other fall and winter events to be cancelled; and more news:

Metrolinx set to pay TTC $38 million over issues with Presto system, LRT construction costs (Toronto Star)

Toronto city councillors pledge to avoid tax hikes, service cuts in face of $1.3B shortfall (CBC News)

Expect New Year's celebrations, other fall and winter events to be cancelled: Tory (CP24)

Toronto and Vancouver now joined by two more Canadian cities with 'overvalued' homes (Financial Post)

TIFF 2020: How virtual business really went down during an unprecedented Toronto film festival (Globe and Mail)

‘We’re just literally trying to take care of people’: Encampment Support Network provides supplies and compassion to homeless people camped out in Toronto (Toronto Star)