The Effect of Changing Distance From Toronto's Central Business District on Parking Prices

Introduction Toronto, Ontario, Canada is one of the most culturally diverse metropolises in the world, with a population of over 4 million people, and a downtown area wielding much of Canada's financial, political, and educational power (United Nations). With many attractive factors, such as business and employment opportunities, entertainment and shopping districts, and the availability of transportation in such a small area, downtown Toronto is quickly becoming very densely populated, with a population of 670,000 people in …

…better hypothesis may have been: "As distance from the YDI increases, the price of parking will decrease". This statement would have been much better supported by the data. After completing the investigation, several questions arise: How much would the parking rates vary in a small town without a major CBD? How would parking rates change in the Toronto suburbs? If the area of investigation were extended, how might the results of the study be affected?