Parking is an essential component of the transportation system. The location, supply, and pricing of parking influence development opportunities, property values, and urban form. It plays a key role in land use accessibility and the economy of major centres. Parking availability is of significant importance to travellers making travel decisions. It affects such diverse travel decisions as mode choice, trip destination choice, and trip frequency. Parking management is designed to make more efficient use of parking resources by sharing, regulating and pricing; using off-site parking facilities; implementing overflow-parking plans; improving user information; and improving walking and cycling conditions. It also involves reducing parking demand by encouraging use of alternative modes of transportation and improving enforcement and control of parking regulations.
Read more in the gTKP Urban Mobility Topic Information Sheet on Parking.