CALGARY, ALBERTA--(Marketwired - December 28, 2016) - The Calgary Parking Authority is pleased to announce that on-street (curbside) parking rates along with the rates in CPA operated surface lots and parkades* will not increase in 2017.
"We're very aware that Calgarians continue to face challenges due to the economic situation," said Mike Derbyshire, CPA General Manager. "To help offset these challenges we've extended the temporary rate increase freeze that we adopted last year in order to provide some financial relief."
The CPA manages and operates both on- and off-street parking on behalf of the city. Calgary uses the most progressive and fair pricing model, known as demand-based pricing, which was implemented in 2014. This model uses the parking behaviours of motorists to determine the value of the on-street space in a particular area at a given time using occupancy data collected by the ParkPlus System.
The CPA only sets the rates for the facilities it operates* using a rate review policy (below). On average, the CPA's monthly parking rates are 15-20 per cent below market value. Derbyshire explains now might be the best time to get a monthly parking stall. "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."
For Reference: Rate Policy Table
| Parking | Standard Rate Policy (Pre-2016) | Amended Temporary Rate Policy for 2017 | ||||
| On-Street | • | Rates are adjusted on an annual basis | • | If occupancy is greater than or equal to 80%, then the CPA rate will stay the same | ||
| • | If occupancy is greater than or equal to 80%, then the rate is increased by $0.25 per hour | • | If occupancy is less than or equal to 50%, then the CPA rate will decrease by $0.25 | |||
| • | If occupancy is less than or equal to 50%, then the rate will be decreased by $0.25 per hour | • | If occupancy is between 50% and 80%, then the CPA rate will stay the same | |||
| • | If occupancy is between 50% and 80%, then the rate will stay the same | |||||
| Off-Street | • | Rates are adjusted on an annual basis based on competitor rate analysis | • | If the average competitor rate is lower than the CPA rate, then the CPA rate will be decreased | ||
| • | CPA sets its off-street rates at 15%-20% below fair market value | • | If the average competitor rate is higher than the CPA rate, then the CPA rate will stay the same | |||
| • | Rate changes should not exceed 10% of the existing rate in any given fiscal year | |||||
*except at TELUS Spark, Calgary Zoo and Heritage Park, as these are privately owned lots that CPA manages on their behalf.
About Us
The Calgary Parking Authority is a proud partner of The City of Calgary and is committed to managing publicly-owned on- and off-street parking facilities on The City's behalf. In addition, we manage the municipal parking enforcement program and provide parking advisory services.
Contact Information:
Media Contact
Christina Casallas
Communications Advisor
Office: 403-537-7050 / Cell: 403-700-3659
christina.casallas@calgaryparking.com