Parking Costs Predicted To Rise Across Canada
Filed under: Budgeting & Planning, Family Finances, Real Estate
If gas prices aren't enough to make you balk at the cost of driving a car, perhaps parking prices are - especially if you live in Calgary. The cost of parking a car in Canadian cities continues to climb, and little wonder considering fewer than 2,000 new parking spots are expected to be added across the entire country over the next two years, a survey shows.
An annual parking rate survey by real estate services provider Colliers International shows the median monthly parking rate across the country rose 2% to $224.10, including tax, in June compared with a year earlier, while the median daily rate was also up 2% at $14.83.
Of the 12 major cities surveyed, Calgary was once again the most expensive place in Canada to park and the city also made it onto the list of the world's most expensive parking places coming in 14th place with a price tag of $453.38. So how does the rest of Canada stack up?
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