Bicycle Theft on the Rise

Bicycle theft is on the rise, with incidents from condos and apartments surpassing street thefts. Bicycles stored in underground garages or outside are vulnerable, despite some locations offering locking or caged options. Toronto condo regulations typically prohibit balcony storage and limit bicycle transportation within buildings. City zoning bylaws mandate some long-term bicycle parking spaces in condo buildings, but without adequate security, thefts remain common. Stolen bicycles, with slim recovery chances, can be sold for profit easily. Some buildings allocate more space for bicycle parking than for cars, making them attractive targets. Security cameras are recommended to deter theft.