Quote:
Originally Posted by Truenorth00
This is a marginal improvement in road capacity into and out of downtown. But then all those cars still get dumped into a core with less parking. Eliminating downtown bike lanes still won't solve that much. Parking is the real limiting factor here. And the easy parking in the core will be mostly gone by the end of this decade with all the development there. But with more people living further out, it also means there will be a lot more people driving competing for those limited spots. So that means a lot more congestion.
Parking spots in downtown Toronto condos can cost six figures to buy. Parking spots in the financial district can cost $400/mo to rent. That's how big cities work as parking gets more scarce. Every lot turned into a condo probably adds a dollar or two to the average monthly parking cost in the core. They reduce parking supply and increase demand for parking. Suburbanites banking on cheap parking in the core indefinitely are in for a massive shock in the coming years.
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Yeah though I think coming years as with a lot of these things is longer than expected. Incidently you are coming from the east or Gatineau via the 5 parking in the market is still available for $10 a day and it's not too bad a walk to many buildings. It might take an extra 10 minutes by car anyway to get from St. Patrick and Dalhousie to 90 Elgin for example and maybe 15 on foot? Though I bet it's pretty rare as suburbanites do hate walking. They'll circle around and eventiually pay $10 rather than walk 3 blocks from free parking in Lowertown.
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