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Jay Siddall - Port Mann Bridge

Port Mann Bridge tolls are increasing on Aug. 15

The new tolls will be as follows:

  • $3.15 for small vehicles
  • $6.30 for medium vehicles
  • $1.60 for motorcycles
  • $9.45 large vehicles

TReO’s parent company, TI Corp, the public Crown corporation responsible for building and operating the bridge, said in a statement that the rates need to increase from “time to time” to keep up with the cost of building, operating and maintaining the bridge and Highway 1 improvements.

The current rates are:

  • $3 for small vehicles
  • $6 for medium vehicles
  • $9 for large vehicles
  • $1.50 for motorcycles

 

Toll revenue is used to repay the project debt and to pay for the bridge and highway improvement project.

In a statemet, TReO said:

Rates have been minimized since the start of tolling. The only other time rates have changed was when the half-price introductory rate expired in December 2013. As a public agency, TI Corp isn’t increasing tolls to create a profit. Any increases are limited to the amount necessary to keep up with costs and meet its obligations to pay for the project.

 

Additional fees for failing to pay or having insufficient funds in your bank account will remain the same.

If you’re an HOV (High Occupancy Vehicle) driver, you will to continue to receive a 25 per cent discount during peak periods (Monday to Friday, from 6:30 a.m. to 8:30 a.m., and 4 p.m. to 6 p.m. Truck drivers will also continue to receive a 50 per cent discount when travelling between the hours of 9 p.m. and 5 a.m.

Monthly pass holders will still be able to get an unlimited monthly pass over the Port Mann Bridge.

New rates will be as follows:

  • $80 / month for a motorcycle
  • $155 / month for a small vehicle
  • $315 / month for a medium vehicle
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A new condominium project has people intrigued about the low cost of owning real estate in Metro Vancouver.

The sales centre for the Evolve housing complex in Surrey was buzzing with potential homebuyers Saturday.

The condo complex will include 35 suites just 316 square feet in size with presale prices starting at $93,900. Dozens more micro-suites in the complex will also be under 400 square feet.

“I think they offer great space, great affordable space and a chance to own your own home in a very difficult marketplace in British Columbia,” said Surrey Mayor Linda Hepner earlier this week.

Some prospective home buyers were shocked by the affordability of units in the project.

“I haven’t seen anything in the Lower Mainland at this price point, so it’s quite a surprise,” one said.

Another person said while the size of the smallest units was initially worrying, the tiny suites were designed efficiently.

“It will be a tight space but for a single person and even for a couple who’s out of the house most of the time I think it’s totally doable,” she said.

While there are currently 18 residential towers going up in Surrey Town Centre, trends in the area show more home buyers are looking outside of high-rises.

Last year sales of single family homes went up 19 per cent in Surrey, townhouse sales went up 13 per cent and condo sales dropped by three per cen



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