The City of Victoria Council has recently approved a bill to increase the price of parking downtown.
Most city owned parkades in downtown Victoria will now cost $16 instead of $14 per day. The Yates Street parkade, however, will cost drivers $17.50 instead of $16 per day.
As of June 1st, parking rates per month will also increase by 10%, reflecting the city’s goal to discourage long term parkers in favour of short-term stays.
No rate changes will be made for surface lots or on-street parking spots.
A report from the Council attributes a lack of parking space in downtown Victoria to the rise of new developments, increased tourism, more downtown residents, employment and construction operations (i.e. trades parking).
