Hi I don't have posting privileges and thought this paragraph from a (not online) Condo Guide article by Ben Myers would be of interest to investors, purchasers & others.
"What should investors look for in a new condominium..
What about parking?.. Eighty-five per cent of units leased in the Toronto CMA in Q3 2012 came with a parking space. The median unit without parking leased for $1,650 per month compared to $1,700 for units with parking. Units without parking leased in 12 days, on average, while suites with parking took four days longer. Given that parking can range from $30,000 to $65,000, a further mortgage analysis is not needed to tell you that the rent premium of having a parking space won't offset the higher mortgage payment in this instance." (Myers was more positive about paying the premium for height)