Vancouver is proposing fees parking on residential street and gas-powered motor vehicle

Vancouver is proposing fees parking on residential street and gas-powered motor vehicle

  • Community
  • Real Estate
June 17, 2021

The city is taking parking fee to a new level by breaking the tradition of free residential street parking on non-major roads. Fortunately, the proposal is still in the planning stage and has not been approved as the date this article is written.

City of Vancouver calls this “overnight permit” which is required even for residents who lives on the block. An annual fee of $45 per year base fee is proposed. Does one permit allow all vehicle from the same detached home or is it a per car basis is unknown. The permit is required for street parking overnight between 10PM and 7AM.

For visitors, there is an option to pay with the “PaybyPhone” app or nearby meter for $3 per night. From 7AM to 10PM, it remains free of charge. If there are any other regulation in place, it overwrites the proposed policy.

The attached image above explains in detail regarding when an overnight permit is required.

The new fee will be hard to swallow for the residents of Vancouver and we believe it is just another money grab by the government. It took parking to the extreme by making every street pay parking. The new policy is expected to generate over $60 million dollars in the next four years.

The money will be used to cover City Climate Emergency Action Plan including building more bicycle lane, sidewalk, and bus lanes.

The second bombshell the city dropped was a new pollution charge for purchasing gas-powered sport vehicle and small SUV of $500. Larger SUV and luxury sports car will be charged $1000 annually. The new fee is omitted for electric and hybrid vehicle.

We do prefer a “green city”, but it is too soon to fade out the gas-powered vehicle as the electric infrastructure is not in place. We understand what direction the city is heading. The proposal will likely pass, but not without a fight.

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.