2017 Toronto Parking Authority Budget

2017 Operating Budget Overview

The Toronto Parking Authority (TPA) exists to provide safe, attractive, self-sustaining, conveniently located and competitively priced off-street and on-street public parking as an integral component of Toronto's transportation system. It also manages the Bike Share Program.

Toronto Parking Authority Program Map

View the PDF version of the program map in greater detail.

2017 Operating Budget Highlights

The total cost to deliver these services to Toronto residents is $92.637 million gross and $156.051 million net.

Moving into 2017, the Toronto Parking Authority was facing a net pressure of $8.452 million due mainly to inflationary increases in labour and non-labour costs including municipal taxes. The TPA was able to offset these pressures through savings from lower maintenance and repair costs, increased parking usage and prior year rate increases, and additional revenues generated through the opening of new car parks. It also achieved significant increase in net revenues, resulting in 21.4% higher net revenues compared to 2016 approved levels.

Fast Facts

  • 22,000 off-street spaces in over 200 facilities.
  • 19,300 on-street spaces.
  • Over 15,000 spaces operated for third parties, mainly for Toronto Transit Commission (TTC), and Parks, Forestry and Recreation Program.
  • The Bike Share system fleet has approximately 2,000 bicycles and 200 stations.


  • 2010 through 2013 have seen increases in net income per space for both off-street and on-street parking.
  • Since 2014 net income per space in both services is on a downward trend, as parking revenues are on decline, mainly due to on-going road construction activities and other road uses, as well as closures of certain carparks.
  • The continued utilization of new technologies coupled with change in hours of operations and parking rates is expected to return a greater income per parking space in future years.

Key Service Deliverables for 2017

Toronto Parking Authority offers safe, attractive, clean, convenient, well-maintained, affordable off-street and on-street parking in support of the continued prosperity of the City's communities.  TPA also provides convenient access to high quality well maintained bicycle rentals to use for urban cycling on a short term basis.

The 2017 Operating Budget will enable Toronto Parking Authority to:

  • Continue to manage an estimated 19,300 on-street spaces controlled by the highly successful and profitable pay-and-display environmentally friendly technology or single spaced meters.
  • Maintain approximately 22,000 off-street spaces, which include 20 partially automated/attended lots, 4 fully automated garages, and 187 unattended lots.
  • Continue to operate, on behalf of the Toronto Transit Commission, roughly 12,000 spaces at their park-and-ride facilities and parking lots.
  • Continue to manage an additional 3,200 spaces for the Parks, Forestry and Recreation Program, seasonal parking facilities along the waterfront and other areas in the City as well as for the Toronto Community Housing Corporation.
  • Manage the Toronto Bike Share Program which has 2,000 bicycles utilizing 200 stations throughout the City.

Our Key Issues & Priority Actions

  • Innovative and efficient expansion of Services by utilizing new technologies to increase customer convenience and lower operating costs.
    • The 2017 Budget continues to allocate funding for development of a mobile phone payment program allowing for the use of cell phone/smart phone/tablet based technologies.
  • Decline in parking revenues due to on-going City wide road construction, various special events, loss of on-street spaces and closure of off-street carparks.
    • Toronto Parking Authority continues to collaborate with other City programs in order to minimize negative impact on both, on-street and off-street parking revenues through coordination and information sharing.
  • Satisfying short-term parking needs in an environment of increasing land and development costs
    • Leverage land values through Joint Venture redevelopment with private and public sectors as a means of funding an increase in parking supply.

2017 Operating Budget Highlights

  • The 2017 Recommended Operating Budget for Toronto Parking Authority of $92.637 million in gross expenditures provides funding to:
    • Continue to manage, operate and maintain estimated 19,300 on-street parking spaces ($13.560 million), 37,200 off street parking spaces ($77.339 million) and the Bike Share Program ($1.738 million) with a fleet of 2,000 bicycles utilizing 200 stations.
    • Maintain Payment Card Industry (PCI) compliance ($0.287 million).
  • In addition to offsetting all of its 2017 operating budget pressures, Toronto Parking Authority achieved an increase in net revenues totaling $11.168 million mainly due to the following :
    • Savings from lower maintenance costs ($0.489 million).
    • Opening of new car parks ($0.782 million).
    • A combination of a general increase in demand for parking in the downtown core area with increased prices in certain parking zones based on prior approved increases ($19.123 million).

2017 – 2026 Capital Budget and Plan Overview

Toronto Parking Authority has a stewardship over the City’s on-street and off-street parking spaces and Bike Share Program, The Toronto Parking Authority manages an estimated 19,300 on-street parking spaces controlled by environmentally friendly pay-and-display technology or single spaced meters. It also maintains approximately 22,000 off-street spaces in 20 partially automated/attended lots, 4 fully automated garages, and 187 unattended lots, as well as the Bike Share system with a fleet of approximately 2,000 bicycles and 200 docking stations. The total estimated replacement value of the Toronto Parking Authority assets is $676.246 million.

The 10-Year Recommended Capital Plan of $519.094 million balances infrastructure renewal needs and service improvement projects to meet the forecasted increase in demand for off-street parking, while minimizing service interruptions and revenue losses. The Authority's strategic priorities include continued improvements to customer service through innovative solutions, efficient expansion of services via joint partnership with the private sector, and utilization of new technologies to reduce operating costs.

Where does the money go?

The 2017–2026 Recommended Capital Budget and Plan totalling $519.094 million provides funding for:

  • State of Good Repair (SOGR) projects of $56.645 million to maintain infrastructure within parking facilities in a current state of good repair and prevent any future backlog, and
  • Service Improvement projects with total expenditures of $462.449 million for the expansion or re-development of approximately 60 off-street parking facilities. 

Where does the money come from?

Over the 10 year capital planning horizon, the Authority continues to be 100% self-sustaining with no reliance on City debenture financing.

  • Current and future retained earnings represent the largest source of financing, reflecting 72% or $376.189 million of total funding.

  • Proceeds from the sale of air rights arising from an anticipated 14 joint venture redevelopment projects will provide 25% or $128.605 million of required funding.

  • Funding from the TPA specific capital expenditure reserve fund amounts to 3% or $14.3 million of total funding.

State of Good Repair Backlog

The 10-Year Capital Plan includes cash flow funding of $55.645 million for State of Good Repair. This funding is sufficient to maintain assets in a current state of good repair and prevent any future backlog.

Key Issues & Priority Actions

Short-Term Parking Shortfalls - The main challenge for the Toronto Parking Authority is to satisfy short-term parking needs while land and development costs continuously rise.

  • In order to leverage land values, Toronto Parking Authority actively pursues joint development opportunities with private sector. The 2017-2026 Recommended Capital Budget and Plan includes 14 joint venture projects intended to expand service and intensify land use.

Competing Demands for On-Street Curb Space and Off-Street Parking Lots - Various City initiatives and transportation needs often result in a closure of carparks or loss of available on-street parking spaces.

  • The 10-Year Capital Plan allocates a total funding of $79.5 million for replacement of on-street and off-street parking spaces that will be lost due to implementation of the Bike Plan and other City initiatives.

Technology Advancements: Keeping pace with technology advancement in order to increase customer convenience and improve customer service experience, while lowering operating costs.

  • The 10-Year capital Plan includes funding to continue implementation of the mobile application and credit card authorization projects ($5.035 million).

2017 Capital Budget Highlights

The 2017 Recommended Capital Budget for Toronto Parking Authority of $99.049 million, excluding carry forward funding, will:

  • Continue to address ongoing state of good repair projects including structural maintenance and technical upgrades of on-street and off-street parking facilities ($5.445 million).
  • Deliver continued greening of carparks ($1.700 million).
  • Continue implementation of pay-and-display unit upgrades ($0.485 million), expansion of additional levels for Carpark 1 at 20 Charles Street ($3.112 million) and redevelopment of Carpark 655 at 935 Eglinton West ($9.8 million).
  • Begin development of several new carparks including Carpark 217 at 1445 Bathurst ($10.6 million) and Carpark at Arrow/Finch Avenue ($5.0 million).
  • Complete the acquisition of Carpark at 51 Dockside ($16.4 million).

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