Yonge Street’s iconic House of Lords hair salon has been serving Toronto residents for 51 years, and now, thanks to increasing property taxes that have been pushing many small businesses out of the city, the studio is now closing.
On Tuesday, Paul Burford, the owner of House Of Lords, posted to Facebook that his business will be shutting down due to increased property taxes.
“My taxes on the House of Lords building are now 76,000 a year..,” reads the post. “So I am closing my business on October 1st..it’s been a good 51 years..” Burford also calls on Mayor John Tory to fix the ongoing problem that small businesses are facing in the city.
“Mayor John Tory, 40 vacant storefronts on queen st..Yonge st next?”
“I’m closing down, I made a decision, I’ve had enough, I’m 75, I work every day,” Burford told the Toronto Star. “You try to give the customer a good deal, keep the prices down, employ 20 people, and then they whack you with double tax.”
House of Lords will be officially closed as of October 1, 2017.
Feature photo courtesy Grant MacDonald via Flickr.