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I don't believe the fine is different depending on the location, it should be an $85 fine whether you're in HOV, Bus, Bike, Motorcycle Lane.

I would contact the City of Toronto by-law office to double check.

If you just want to get this over with, you can pay the ticket. By-law tickets will not affect your insurance premiums. You can even ...

Maybe it is $85 ONLY if it's on the Highway? In my case I was on the regular Dufferin road. Could that be the reason for a different ticket price? Also the lane I was driving on was a 24/7 bus lane, not just between certain hours.
Even if this is a mistake and this ticket needs to be VOIDED. I am still worried about challenging the Officer because ...

A few issues here, he has up to 30 days to issue you a Part I provincial offence notice ; however, he has up to six months to issue you a summons for speeding +19km/hr. Don't get these two mixed up, you're not out of the woodwork until 6 months has elapsed from when the alleged speeding offence was committed. There are members on this board that ...

I am not sure how to edit my post but I also found this article and it says:

There are no demerit points attached to violating a bylaw, but Kealey warns there could be a hit to your auto insurance if your insurer catches wind of the offence. - See more at: http://www.newstalk1010.com/news/2015/06/29/temporary-hov-lane-penalties-less-severe-on ...

So I was driving South on Dufferin Street on a 24/7 Bus Lane... Close to Downsview Station I believe.
I HAD NO IDEA it was a 24/7 bus lane, I was late for work and I didn't notice. I always follow the rules, it happens that once I may not notice something.
The officer told me he will give me a Toronto By-Law Municipal Ticket which was two white ...