Like removing development parking-minimums... it will take a few years --- but we will slowly kill-off CHEAP street parking in Toronto.
We don't want 1:1 replacement, that only embeds lots of carbon into bathtubbing underground parking. You can't have Green-Standards at the City and Cheap/Easy parking.
The City policy clearly wants/needs fewer private cars in the core... and easy parking-access runs counter to that.
My prescription is steadily forcing street parking off of a main streets, but adding pay and display to existing parking on side streets (permit holders don't pay twice).
At the same time, rates have to rise, permit parking remains as cheap as .60c per day which is absurd; while pay and display on-street ranges widely but is usually in the $2-3 per hour range, and as high as $4.
Even today, prices should be $4 in lower demand areas, and up to $7 per hour in peak-zones.
As supply drops, prices should rise.
For Permit holders, there should be only 2 classes of permit, instead of 3; and for the 1st car it should be at least $120 per month ($4 per day); while a second permit per family should rise to $210 per month.