A look at the cost of parking in Canada

 The Victoria Transport Policy Institute recently released an in depth look at the cost of parking in Canada, and it is a great resource to have. As industry specialists it is essential to be aware of what the market is like everywhere. This is a great source of information for anyone looking at expansion possibilities or for comparison. Click here to read the full report.

Transportation Cost and Benefit Analysis II – Parking Costs
Victoria Transport Policy Institute

Parking costs include parking facility land, construction and operating costs, plus indirect costs such as stormwater management costs. 

There are various types of parking facilities:
• On-street parking consists of parking lanes provided within public road rights-of-way.
• Off-street parking are parking facilities on their own land, not on road rights-of-way.
• Surface parking refers to parking lots directly on land.
• Structured parking (also called parkades or ramps) are parking facilities in or under multistory buildings.