Green P rates went up again, but the rates are on par with other big cities

Their half hourly rates will be raising by 25 and 50 cents

Bad news Toronto, another Green P parking lot price hike is here.

The City of Toronto’s 204 Green P lots will be raising their half-hourly rates by 25 cents and 50 cents starting today, but residential parking rates and on-street parking are set to stay at the same price until 2020.

Sure, that’s probably not what you want to hear on a Monday morning, but how high are Toronto’s parking price compared to other major cities? According to CBC, Toronto remains at the lower range of on-street parking rates in North America, with a minimum of $1.00 and a maximum of $5.00. Other major cities like San Francisco, which falls in the range of $0.50 to $7.00, and Chicago, which rings in between $2.60 and $8.50, have relatively higher rates.

The Toronto Parking Authority considers three things when hiking up Green P rates: overall turnover for businesses, parking space availability for commuters, and revenue generated by TPA.