Categories
Vancouver Real Estate News

Canadian Parking Rates Continue to Rise

According to a report on Colliers International website, Canadian Parking rates rise again for the sixth consecutive year. Parking rates nationwide went up an average of around 10%. Vancouver, while high in real estate property value, surprisingly does not have the highest parking cost. Here is the breakdown:

Canadian Market Daily Median Rate (CAD) Monthly Unreserved Median Rate (CAD)
Calgary, AB $22.00 $460.00
Edmonton, AB $14.00 $275.00
Halifax, NS $14.00 $153.00
Kitchener-Waterloo, ON $10.00 $100.00
Montreal, QC $17.00 $280.00
Ottawa, ON $17.00 $195.00
Regina, SK $8.00 $148.00
Saskatoon, SK $9.00 $158.00
Toronto, ON $22.50 $305.00
Vancouver, BC $17.00 $224.00
Victoria, BC $12.00 $185.00
Winnipeg, MB $18.00 $190.00
NATIONAL AVERAGE $15.04 $222.75

Leave a Reply

Your email address will not be published. Required fields are marked *