Better read this article, at this link, from 2012.Right. Parking increased dramatically downtown over the last decade but it also converted to private reserved spaces from public on-demand spaces..
Parking: An endangered species for downtown dwellers?
Among Lamb Development Corp.’s current downtown projects, the King Charlotte condos under construction in the Fashion District will have 232 units, 64 parking spaces and 183 bike lockers. The Theatre Park condos will have 233 suites and 97 parking stalls. Near Bay and Adelaide, Lifetime Developments and CentreCourt Developments is building INDX condos, which will have 798 units and 97 parking spots.
The Residences at Royal Canadian Military Institute is the most famous example of the parking spot’s decline. South of Dundas Street West on University Avenue, the 42-storey, 318-unit tower will be the first condo in Toronto to have no residential parking. It’s mostly as a result of structural issues (the site’s a tight squeeze at 55 feet wide by 125 feet deep), though Steve Deveaux, vice-president of land development for Tribute Communities, says it gave the company the chance to do something “progressive.”