05-28-2019, 02:54 PM
If we look at the June 18, 2018 report on the subject (starts page 32, but the "good stuff" is in the tables on page 37) the parking rate increases are split into hourly and monthly.
The hourly parking rates increased $0.25 to $3.00 ($3.50 for the parkade) in 2019 and will increase another $0.25 in 2022, 2025, and 2028.
The monthly parking permit rate increased 2.5% in 2019 (from, for example, $113.14 in 2018 to $115.97 for Waterloo Town Square South Lot) and is scheduled to increase 2.5% for 2020 and 3% every year thereafter.
I'd like to perform some sort of similarity comparison with GRT fares but I don't have the data. Even this venerable tritag report doesn't publish its data or list its sources. Suffice to say GRT fares increase in price irregularly and unevenly over the cash fare/strip of tickets/monthly pass spectrum of fare products. With the GRT easyGO Fare Card this may change so that all fare products on a card are adjusted by percentage on a regular schedule whereas the cash fare price still aims for $0.25 increments every 3 years or so.
In summary: Parking fees are indeed going up and it seems like council's trying to keep that increase around ~3% per year. GRT fees are also going up, but without a similar forecast of recommended prices or the time to pull historical data it's difficult for me to say whether it's by a similar or different amount.
The hourly parking rates increased $0.25 to $3.00 ($3.50 for the parkade) in 2019 and will increase another $0.25 in 2022, 2025, and 2028.
The monthly parking permit rate increased 2.5% in 2019 (from, for example, $113.14 in 2018 to $115.97 for Waterloo Town Square South Lot) and is scheduled to increase 2.5% for 2020 and 3% every year thereafter.
I'd like to perform some sort of similarity comparison with GRT fares but I don't have the data. Even this venerable tritag report doesn't publish its data or list its sources. Suffice to say GRT fares increase in price irregularly and unevenly over the cash fare/strip of tickets/monthly pass spectrum of fare products. With the GRT easyGO Fare Card this may change so that all fare products on a card are adjusted by percentage on a regular schedule whereas the cash fare price still aims for $0.25 increments every 3 years or so.
In summary: Parking fees are indeed going up and it seems like council's trying to keep that increase around ~3% per year. GRT fees are also going up, but without a similar forecast of recommended prices or the time to pull historical data it's difficult for me to say whether it's by a similar or different amount.