A question I frequently receive from investors is "Do I need a parking space with my downtown Vancouver condo?" 10 years ago I would have said yes but today there’s really no right or wrong decision.. it really depends on your budget and if you want to spend the extra $40K for the parking space. A trend that I started noticing about 5 years ago was young people (tenants) giving up the car and not needing a parking space. I can see this trend continuing. On the other side, parking in Vancouver is becoming more scarce every year. So the value of that parking space will appreciate just like the unit over time.