Vancouver Parking Rates in Comparison to Other North American Cities

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Vancouver Parking

Many believe parking in Vancouver is far too expensive. Well, try finding a spot in New York for under $500 a month – it’s almost impossible. When it comes to Vancouver parking rates, our city actually falls into the middle of the pack when compared to other North American cities.

In comparison to major Canadian cities, Vancouver lands in the fifth spot with a monthly unreserved rate of $267.59. Calgary leads the pack with a monthly rate of $438.93.

While the cost for monthly unreserved parking grew by 2.5 percent overall, ten cities saw decreases in monthly unreserved rates, including Toronto, Boston and Vancouver. Hourly parking rates grew as well, increasing by an average 3.7 percent. Fifteen North American markets saw increases, including Chicago, Washington DC and San Francisco.

Top 25 Monthly Parking Rates in North America

  1. New York – Midtown $562.00
  2. New York – Downtown $533.00
  3. Calgary, AB $439.93
  4. Boston, MA $405
  5. San Francisco, CA $375
  6. Montreal, QC $318.78
  7. Philadelphia, PA $313.25
  8. Toronto, ON $304.75
  9. Chicago, IL $289
  10. Seattle, WA $285
  11. Edmonton, AB $284.14
  12. Washington, DC $270
  13. Vancouver, BC $267.59
  14. Honolulu, HI $230
  15. Los Angeles, CA $220.93
  16. Ottawa, ON $216
  17. Oakland, CA $195
  18. Bellevue, WA $195
  19. Hartford, CT $189.74
  20. Portland, OR $1185
  21. Denver, CO $180
  22. Victoria, BC $178
  23. Regina, SK $175.78
  24. San Diego, CA $175
  25. Minneapolis, MN $175

*Monthly unreserved median rates

Looking at the figures below, Vancouver has seen a decrease in both monthly reserved and unreserved parking rates. The daily parking rate has also decreased, while the hourly parking rate has held steady.

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Image: Richard Smith

Source: Colliers International

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