Feeding the parking meter a thing of the past | The Globe and Mail

“Technological innovation can help make this marketplace more transparent,” Mr. Johal says. “The marketplace is finally being brought into the 21st century.”

The next step, he adds, is likely to be dynamic pricing – or the ability for municipalities to change parking rates more quickly based on availability and demand.

San Francisco, for example, has been experimenting with the concept for the past few years and is set for wider rollout this year.

The ultimate goal, Mr. Maher says, is to have sensors on the street that can relay spot availability to drivers in real time through parking apps, which would in turn allow municipalities to change rates at times of high or low demand.

Toronto has the ability to change rates relatively quickly with the Green P app, but the sensor technology and associated data that is needed to provide spot availability is still at least a few years away.

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Feeding the parking meter a thing of the past – The Globe and Mail.