Parking rate, fine & fee adjustments

November 2015

At its Regular Meeting on November 16, 2015, Council approved changes to base parking rates, fines and fees consistent with the City-Wide Parking Management Strategy.  These adjustments were made to promote a balanced transportation system, maintain alignment with transit rates, create a competitive marketplace and to ensure adequate parking reserves are maintained.

January 2014

City Council approved changes to base parking rates at its Regular Meeting on January 27, 2014 and endorsed guiding principles that set the direction for the City-Wide Parking Management Strategy. The goals are to improve parking availability, ensure the system continues to pay for itself so that general taxation is not impacted and improve customer service options to residents.

Base on-street parking rates increased by 75 cents an hour beginning in June 2014. Off-street parking rates were set to remain lower than on-street rates to encourage greater use of off-street parking, leaving on-street spaces more available for short-term use.

Previously, rates were too low to discourage long-term parking in short-term spaces or to effectively replenish reserve funds to support our parking and transportation infrastructure.  On-street parking rates had been in effect and unchanged for over 20 years, and were well below market rates and the true cost of providing the service.

City council also approved the development of specific area parking plans as the next phase of the parking strategy. This will allow the City to respond to a number of challenges related to parking in key areas including changes to parking supply; a growing demand for short- and long-term parking in developing areas; and the impacts of increased growth and development on neighbouring residential areas.

The strategy and area plans will help to ensure there is sufficient parking for customers and visitors to key areas, while at the same time supporting the goal of providing a balanced transportation network from the Official Community Plan, which means encouraging people to carpool, take transit, bike and/or walk to work when possible.