By: Jessica Cheung
Parking at the popular Dundas Square Green P parking facility will cost you an extra loonie per hour following the adoption of a proposal by the Toronto Parking Authority (TPA) Monday morning.
The rate hike will go into effect in October.
The proposal came early last week with a pitch to implement rate hikes on off-street parking facilities and on-street parking meters.
Ryerson students will be impacted by rate changes in garages near campus.
“A large number of continuing education students park in the Dundas Square garage,” said Ian Maher, VP, strategic planning and information technology at the TPA. “Evening prices there – which will affect them – are going up.” The rate, which is currently set at $20 a day and $8 an hour right now will be raised to $22 and $9, respectively.
The parking facilities rates around Toronto are slated for an increase anywhere from 15 to 50 per cent depending on the area.
The University Business Services at Ryerson said the private parking facilities on campus will not be directly affected by the TPA’s decision, but the university could change rates based off their own findings.
“Historically, Ryerson Parking Services has conducted an annual parking rate comparison analysis of neighbouring parking facilities to determine if our rates are competitive. We plan to conduct the same environmental scan next year,” said Voula Cocolakis, executive director of the University Business Services.
For now, Ryerson students won’t need to worry about the on-campus parking facilities, but students who park in Green P garages will have to manage with the rate hike.
The price increase for on-street parking meters will be decided by city council on Sept. 25.