Revenues soar in 2024 from paid parking spaces in Montreal
Posted November 27, 2024 10:50 am.
Last Updated November 27, 2024 10:54 am.
Montreal added 1,735 parking metres in 2024, which allowed them to generate record level profits, according to a report by the Agence de mobilité durable (AMD).
The AMD took over the payment terminals in 2023 and increased the number of paid spaces by 10 per cent. Last year, there were over 17,000 paid parking spaces in the city.
It plans to collect close to $73 million in 2024, compared to $63 million in 2023. The AMD estimates that their revenue will grow even higher in 2025 by 14 per cent – reaching $83 million.
According to the AMD, they added more spaces to reduce road traffic and ease the pressure on drivers looking for parking.
It’s estimated that there are currently 500,000 street parking spaces in Montreal, with 19,000 being paid.
There were eight areas affected by the additional spaces this year: Ahuntsic-Cartierville, LaSalle, Plateau-Mont-Royal, Sud-Ouest, Mercier–Hochelaga-Maisonneuve, Outremont, Ville-Marie and Villeray–Saint-Michel–Parc-Extension.
In September 2023, the City of Montreal announced that they would extend the paid parking hours until 11 p.m. from Monday to Saturday, in five areas downtown.
The AMD also announced they would be launching an automated license plate reading project in Outremont and the Plateau-Mont-Royal area. By using cameras and GPS systems, the technology will allow license plates to be checked if a car is committing a parking violation.
The Agence de mobilité durable added that it would help speed up the tasks for parking metre workers who currently check vehicles manually.
Two cars will be equipped with this new technology, and they will focus on parking metres and residential permit zones. Eventually, the AMD says, it plans on deploying the automated reading system to 13 vehicles in 2025.
