For many of us, parking is a crucial part of owning a home. Even if you don’t have a car, having the option to park will significantly impact both the purchase and the resale price of a residence. You can imagine the dismay of a family who bought a house with parking, only to find that they can no longer park on their own property. Worse yet, if that family would like to sell, they are now faced with an absurd situation – sell their home for a substantially lower price because the City will no longer allow parking.
There’s currently a moratorium on installing front yard pads in the old City of Toronto and few applications get approval. The reasons for the City to stop granting parking licenses appear to be that parking pads decrease rain absorption, and because recent storms have overwhelmed the city’s storm system (and ended up flooding basements) the City needs the front part of your yard to absorb more rain water. Also, more paved spaces create ‘urban heat islands’ - pavement retains more heat than greenery. Finally, a ‘curb cut’ for a front pad parking space takes away one parking spot for the street as a whole. If you want to check whether your front parking is legal, Click here!
Be careful when you purchase a home; make sure your lawyer has researched the parking issues and you are getting what you thought you paid for. If you’re already a home owner, make sure you keep your license up to date (pay the yearly licensing fee) and take care to make sure your parking is maintained. If you’re one of the few who are parking without a licensed front pad, you may want to start contacting a reputable lawyer who can help you get up-to-date. You won’t be able to rush a front pad parking license at the last minute when you decide to sell!