The Calgary Parking Authority (CPA) is freezing parking rates for 2016 in an effort to help strengthen the economy.
Costs for street parking, city lots, and parkades will remain intact, according to a recent press release.
“We are very aware of the challenges Calgarians are facing with respect to the economy,” said CPA General Manager Mike Derbyshire. “To help provide some relief to our customers during these difficult financial times, we’ve temporarily amended the rate policy we use to provide us with the flexibility to freeze both on and off street rates and in some cases even decrease rates.”
An international 2014 Cushman & Wakefield survey reported that Calgary commuters pay an average of $473 per month for parking. Calgarians have the option of the CTrain for public transportation, however, it only operates within the city.
According to the CPA press release, rates are only set for facilities it operates, sitting at roughly 15 to 20 per cent below market value.
“We’re experiencing higher turnover in our most popular parkades; this may be the perfect opportunity for those who’ve never considered parking with us to secure a monthly contract.”
The CPA uses “demand-based pricing,” a system that launched in 2014. This means costs are delivered based on behaviours of motorists using a ParkPlus System.