Parking in Waterloo Region

[danbrotherston]

That's an interesting idea.  So the condo board would buy them all from the developer?  How would that work?

I'm not an expert, but I assume it could be handled the way other common property is.  Right now, I believe when you buy a condo, you also hold the deed to the parking space (and sometimes locker space, which could also be handled the same way).  Some condos I believe treat parking as an exclusive use common property, like a balcony, where I believe it's owned by the condo corporation, and the condo corporation manages all aspects like maintenance, but for which use is exclusively restricted to one owner.

I don't know of a reason (but there may still be one) where parking is treated as fully common property, like our building has a party room (and some buildings even have full guest suites), which an owner may reserve for a period of time, sometimes for a fee, sometimes not, for exclusive use during the duration.  I would guess parking could be handled the same way.  The tricky part might be transitioning between owners, i.e., if I have a reservation of the party room, and I sell my unit, I don't know whether the new owner would get the party room reservation, while this example is kinda irrelevant, for parking, in a building with high demand for parking, a right of reservation might be quite valuable.

In my building right now, there are multiple people seeking additional parking spaces.  They might be displeased to know I use my space to store my bikes...or maybe they'd just be more supportive of finding space for a bike room (which many condos in fact manage as common property, but usually without paid reservations).