Apparently, one third of condo spaces in Toronto are sold without a parking space. Also, if you

look at https://www.realtor.ca/mls then you will notice that there is an active market where you can

buy, sell, rent or lease out parking spaces directly.

a) Pre-Covid-19: In equilibrium, is the difference between the price of a condo with parking and

the price of a condo without parking more than (less than, equal to) the explicit market price of a

parking spot.