The Toronto Ferry Company continued to operate the ferry services until 1926, when its services and fleet was purchased by the City of Toronto for ($ in dollars). The Toronto Ferry Co was in arrears on rent to the City to the amount of $6,500 and only operated in 1926 with the assurance that the City would buy the boats at the end of the season. In February 1927, the city transferred the eight-boat fleet to the Toronto Transportation Commission (TTC, later renamed the Toronto Transit Commission), the body that operates the city's transit system. Three boats included in the purchase - the "John Hanlan", the "Jasmine" and the "Clark Bros" were found to be in poor condition and all ended up being burned for amusement at Sunnyside Amusement Park.