North American cities are growing rapidly and space is at a premium. Major cities in Canada are seeing double digit growth in real estate prices. A single family detached home can easily fetch over $1,000,000 even without parking. With prices like this, many families that were looking to sell and upgrade to larger homes just can’t do so. Add on the extra burden of multiple transfer taxes for Toronto property and you have thousands of good reason ($$$) to stay in your current home and consider renovations. However, if parking is an issue, what do you do? Well, have you though of having a residential parking lift installed?