Calgary, The King Of Parking.

Recently a survey has been released discussing in detail the increase in the average monthly cost of parking in areas around Canada and other cities. The survey was based on the monthly average cost of parking in the previous year compared to this year, but within the same month. The survey showed that areas such as Alberta parking had increased significantly over the year.

The survey also showed that the city of Calgary had led Canadian cities which ranked second in the area of North American, behind New York city. Based on this information the parking rates in Canada increased by 2.7 percent over the year. The average cost in 2011 was $253.33 and had risen to $241.72 this year.

Ian MacCulloch, National Research Director with Colliers International in Canada, stated that the reason for this increase is due to limited future supply of parking lots, improving the economic conditions and a strong market office.

According to this new information, the shortage in new parking areas will continue to increase the rate for parking. Some areas such as; Calgary, Ottawa and Saskatoon plan to add more parking spaces in the next year, however this will be limited.

The survey also stated that Calgary remains the most expensive city to park in Canada had increased by 2 perfect for the second year in a row, but the rate was smaller this year than previous years. The areas of Montreal, Edmonton and Regina had rates which rose at a much quicker rate. Toronto had a rate decrease of 4.8 percent and Vancouver also had a decrease of 3.5 percent.

The survey also concluded that the average wait list time for a parking spot in Canada was about 8 months, while areas such as Halifax and Regina have the longest waiting list of 12-24 months time.

The survey was conducted in June of this year and based the information on underground and upper parking spots in prime business areas.

Rank

City

         Ave. Rate

1

Calgary

$456.75

2

Montréal

$330.96

3

Toronto

$316.40

4

Edmonton

$295.00

5

Vancouver

$277.82

6

Ottawa

$225.00

7

Victoria

$184.80

8

Regina

$182.50

9

Halifax

$181.60

10

Winnipeg

$159.86

11

Saskatoon

$157.50

12

Waterloo Region

$132.49

Post a Comment