While parking fees in Toronto are known to be hefty, you might notice them increase even more soon, as the Toronto Parking Authority (TPA) is calling…
While parking fees in Toronto are known to be hefty, you might notice them increase even more soon, as the Toronto Parking Authority is calling for an increase in metered rates.and if passed by city council, rates will increase by 25 cents at the majority of Green P on-street parking spaces, which currently cost between $1.50 to $6.5o per hour, depending on the location.
The changes would constitute the second increase for metered parking rates in just two years, although, prior to last year's increase, the parking authority hadn't increased its fees since 2017. However, certain metered parking spaces — namely those that currently cost $1.50 per hour — will not be affected by this new increase. Still, in other areas of the city, the changes mean someone could pay up to $6.75 per hour for a parking spot.
Most metered parking spots in the city currently cost between $2.75 to $4 per hour, meaning these spaces will rise to cost between $3 to $4.25 per hour if approved by city council. The increased fees are estimated to generate roughly $5 million in revenue for the parking authority, which it says will reinvest in its facilities. TTC to get $758 million for a new fleet of modern subway trainsOver $30,000 in prizes up for grabs in our 12 Days of GiveawaysHyundai recalls over 48,000 vehicles in Canada due to crash risk
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