Vancouver parking prices not world class yet

Rates above national average but below Calgary's

It may seem like it costs a fortune to park in downtown Vancouver.

But a new survey of parking rates shows it’s actually a bargain here compared to many cities around the globe.

Parking on average costs $20 a day in Vancouver, according to Colliers International.

That’s about 25 per cent higher than the average for both Canadian and U.S. major cities.

But Calgary and Toronto motorists both pay more – $25 and $23 a day respectively.

And parking for the day typically runs $30 to $40 in New York, Los Angeles, Chicago, Boston and Honolulu.

Winnipeg is the cheapest Canadian city at $9 a day, while it costs just $4 in Memphis, Tennessee.

The survey found monthly parking rates average $288 in Vancouver – more than the $236 national average but less than the prices in Calgary ($472), Toronto ($332) and Montreal ($297).

And all the North American pay parking prices pale in comparison to some European and Asian metropolises.

Londoners pay more than $1,000 a month for parking and prices are $700 or more in Zurich, Hong Kong, Tokyo, Rome and Geneva.

Charles Gauthier, executive director of the Downtown Vancouver Business Improvement Association, said those rates are less relevant than what’s charged elsewhere in the Lower Mainland.

“I take it with a grain of salt that we’re not Calgary or Toronto,” he said. “That doesn’t really mean much when we’re competing with Burnaby, Surrey and Richmond.”

Just Posted

Abbotsford man gets 9 months for pilfering $36,000 from Mission gun shop

Tyson Gamberg worked as shipper at High Calibre Services Corp.

Company’s ‘toxic’ stench at Abbotsford school prompts district’s appeal to Ministry of Education for help

Enforcement centered on voluntary compliance has “no teeth” while kids become sick

Threats to the Fraser River at a ‘new zenith,’ says river conservationist

The ‘Heart of the Fraser’ should be deemed ecologically significant according to ORC statement

Ready, set, Glow! Christmas festival opens in Abbotsford

Event at Tradex features a million lights, live entertainment and more

Fraser Valley Regional District administration/government costs set to rise by 18%

Mosquito control and fire dispatch costs also set for increase

VIDEO: Federal Liberals’ throne speech welcomes opposition’s ideas

Trudeau will need NDP or Bloc support to pass legislation and survive confidence votes

VIDEO: John Lennon’s iconic Rolls Royce rolls into Vancouver Island college for checkup

Royal BC Museum, Camosun College and Carriageworks Restorations come together to care for car

VIDEO: Rockslide closes part of Highway 93 in Fairmont Hot Springs

Geotechnical team called in to do an assessment after rocks fell from hoodoos

Chilliwack mom gives back to neonatal unit with Christmas stocking drive

Ashley Durance is paying it forward to other families and their babies following daughter’s NICU stay

Petition calls for appeal of ex-Burns Lake mayor’s sentence for sex assault

Prosecution service says Luke Strimbold’s case is under review

Northwest B.C. wildlife shelter rescues particularly tiny bear cub

Shelter co-founder says the cub weighs less than a third of what it should at this time of year

BC firefighters to help battle Australian bushfires

Canada sent 22 people, including 7 from B.C.

B.C. NDP touts the end of MSP premiums

Horgan, James held news conference to reiterate that people will get their last bill this month

Illicit drug deaths down, but B.C. coroner says thousands still overdose

Chief coroner Life Lapointe says province’s drug supply remains unpredictable

Most Read