Parking in Waterloo Region

[ijmorlan]

1) The City's parking rates are already the highest in the market;
2) Increasing rates further will only reduce market share as competitor pricing has remained flat;

There's a waiting list for all city lots in the downtown core and some of them are as long as 2 years.  Clearly, the spots are underpriced.

So frustrating in the face of continued rate hikes on transit.

Also doesn’t make sense. How can there both be a waiting list and their lots are the most expensive? Wouldn’t their competitors (private businesses) have raised their rates? If it’s true that there is a waiting list they should raise their rates until the waiting list disappears. This is one way in which government actually should operate (more) like a business.