Monthly parkade fees are likely to see a 10 per cent increase starting June 1, 2019. (Nicole Crescenzi/News Staff)

Victoria parkade fees likely to increase in June

Monthly fees at downtown parkades could see a 10 per cent jump

Victoria parkade fees are likely to rise in June.

In a parking report put forward to the City of Victoria, Ismo Husu, manager of parking services, outlined recent trends and revenues.

Parkades saw a 10.5 per cent increase over 2017, with transactions nearly doubling since 2014.

A majority of parkade users only use the facilities for three hours or less, Husu reported, with numbers of monthly subscribers decreasing in part due to rising costs.

ALSO READ: The most ticketed parking spot in Victoria is…

In 2017, city council approved a parking rates policy that would steadily increase parking fees, in part as an effort to decrease the amount of drivers heading downtown. Within this plan, council is set to implement up to a 10 per cent increase in monthly parkade fees.

This could see the following increases:

  • Centennial Square- from $165 to $180
  • Johnson Street- From $185 to 200
  • Yates Street from $220 to $240
  • View Street from $220 to $240
  • Broughton Street from $220 to $240

City staff are not recommending an increase in daily rates, which currently average to $16 per day, citing a 33 per cent drop in daily parkade use compared to the previous year.

READ MORE: Victoria gears up to axe free parking on Sundays

Staff are also not proposing increases to on-street parking fees, following the upcoming introduction of street parking fees on Sundays.

Parkades are still set to be free on Sundays. Any increases in fees would likely begin June 1, 2019.

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