Toronto ap­proves new Airbnb rules

Waterloo Region Record - - EDITORIALS & COMMENT -

Toronto city coun­cil has ap­proved reg­u­la­tions for short-term rentals in the city that would ap­ply to such ser­vices as Airbnb.

The rules al­low the rental of a prin­ci­pal res­i­dence only and home­own­ers won’t be al­lowed to list sec­ondary suites, such as a base­ment apart­ment, for short­term rental.

En­tire home rentals will be capped at 180 days a year.

The city will cre­ate a reg­istry of short-term rental land­lords who would have to de­clare that their rental prop­erty was their prin­ci­ple res­i­dence and pay an an­nual fee of $50.

Around 10,800 Airbnbs were rented out in Toronto in 2016 and the com­pany es­ti­mates that over three quar­ters of their Toronto land­lords are rent­ing out space in their prin­ci­pal res­i­dence.

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