Posted: September 7, 2011 Filed under: News
We would like to thank 24hrs newspaper for featuring Park ‘in’ Spot on their edition today!
Page 3?! You guys are so generous.
If you haven’t picked up your copy of 24hrs today, do it now!
or visit them at http://vancouver.24hrs.ca/
Posted: August 26, 2011 Filed under: News | Tags: park in spot, Parking Rates, Translink, Vancouver Parking news
Vancouver commuters shocked at how much their parking rates have increased this year may or may not take comfort in learning that their rates are still not the nation’s highest.
That honour belongs to Calgary, where the median monthly cost for an unreserved space runs $472.50 a month, up 4.2 per cent from 2010, according to Colliers International’s 11th annual world parking survey, released Wednesday.
After Calgary comes Toronto, then Montreal. Downtown Vancouver, however, jumped to fourth most expensive from fifth in 2010, thanks to an eightper-cent increase in the median monthly price for an unreserved stall, due largely to the harmonized sales tax. The increase put downtown Vancouver’s rates at a median of $288.
“When the survey was done this year in June, it obviously captured the implementation of the HST, which is an added seven per cent,” said Kirk Kuester, managing director of Colliers International’s Vancouver office.
The HST, however, is calculated on rates after TransLink’s regional parking tax is added on to prices. So the total tax portion of that median parking price has risen to 35.52 per cent compared with 27.05 per cent, said James Lang, Colliers’ director of research in Vancouver.
The minimum rate Colliers encountered in its survey of office buildings in Vancouver’s central business district was $169 per month for an unreserved stall. The highest price it saw was $500 per month, with an average of $300.
Kuester doesn’t see many reasons for downtown parking rates to climb much higher.
“I would say that with TransLink and the massive improvement the city is experiencing in terms of transit, and the continued urbanization -people moving to the downtown core [and] living where they work, I just believe the demand-side of our market has reached at or near peak.”
In an interview, Kuester said that in recent tours of new residential buildings in downtown Vancouver, he has noticed fewer occupied parking stalls, which indicates to him that more people choosing to live downtown are also forgoing cars altogether.
“I don’t really see how [parking] rents can go a whole lot further in the downtown core at this point in time.”
It’s a different picture from conditions in price-leading Calgary, where a lot more people drive.
“Calgary is Calgary,” he said. “People live in their cars. They ignore transit and don’t care how tight parking is, they just want to park.”
Calgary’s parking rates put it second to only New York City, with a median rate of $541 US per month, as the most expensive city to leave a car in North America, according to the Colliers report.
Canadian prices are still a long way off the most expensive markets, however.
Colliers ranked London City as the most expensive place to park in the world at $1,084 US a month.
London’s West End was a close second at $1,014 US and Zurich third at $822 US, with Hong Kong and Tokyo at $744 US per month rounding out the world’s top five priciest parking markets.
No North American cities cracked the top 10 globally.
CANADIAN PARKING RATES
Median monthly parking rates in Canada, with percentage change since last year in brackets:
1. Calgary $472.50 (+4.2%)
2. Toronto $332.38 (-1.2%)
3. Montreal $296.21 (+5.6%)
4. Vancouver $287.98 (+7.9%)
5. Edmonton $275.00 (0.0%)
6. Ottawa $195.00 (-6.6%)
7. Victoria $184.80 (+2.7%)
8. Saskatoon $170.00 (+1.8%)
9. Regina $168.00 (+3.2%)
10. Halifax $166.75 (+5.4%)
11. Winnipeg $152.25 (0.0%)
12. Kitchener-Waterloo, Ont. $128.24 (+9.7%)
National average: $235.76 (+2.6%)
Source: Colliers International
Posted: August 26, 2011 Filed under: News | Tags: Motorcycle Parking, park in spot, Parking locations, vancouver parking, Vancouver Parking Stalls
The City of Vancouver is peddling scores of new parking spaces for electric scooters and motorcycles.
But don’t think the spots are there to raise big revenue — the parking comes free or at a reduced price depending on your ride, and is in place to support Vancouver’s green initiatives.
Drivers of electric scooters don’t have to pay a penny to park in the spaces, which are identified by green-topped meters and unique parking signs.
Motorcycles and gas-powered mopeds can park for a reduced rate when riders pay by phone, but they lose that 50 per cent discount when the spot is paid by coin.
If you’re wondering why scooters park for free, but you have to pay to park your Hummer, well, it all comes down to emissions. The city is pushing for commuters to rely on environmentally-friendly and low carbon-emitting transportation options as part of its bid to be the world’s greenest city by 2020.
More than 150 new spots are already in place throughout the city and another 50 are scheduled to be built by the end of the year.
Sharing is allowed, but only if all the bikes fit within the designated parking space.
Source: Vancouver Sun
Posted: May 2, 2011 Filed under: News
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