Overview
- The Toronto Parking Authority board will consider raising hourly rates by at least 25 cents at about 93% of metered on-street spaces, leaving the $1.50 zones unchanged.
- If approved by the board and city council, the increases would be introduced in phases beginning in April.
- The proposal forecasts an incremental $2.56 million in net revenue for 2026, with roughly $500,000 needed to implement the changes.
- TPA attributes a roughly $2 million revenue decline in 2025 to fewer metered spaces caused by construction, cycling infrastructure, CafeTO and RapidTO lanes.
- Selected high-demand areas would climb to as much as $7 per hour, and passage would make this the third consecutive year of on-street rate increases.