1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

City committee proposes new rules for short-term rentals

CityNews | posted Thursday, Nov 9th, 2017

Airbnb sign

The city’s Licensing and Standards Committee is proposing a new category and rules for short-term rentals in Toronto.

If approved by city council, anyone engaging in a short-term rental in their home would have to register with the City and any companies that help facilitate short-term rentals, such as Airbnb, would have to be licensed.

The new rules would also require that the home being rented be the principal residence of the owner. Anyone renting out their entire home would only be able to do so for a maximum of 180 nights per year.

Records of short-term rental activity would also need to be provided to the City upon request.

Companies such as Airbnb would be required to pay a one-time license application fee of $5,000 and a licensing fee of $1 for each night booked through the company.

The regulations will be debated next week by the Licensing and Standards Committee before going before the full City Council for final approval next month.

In a statement, Mayor John Tory says he wants to address the concerns of residents affected by commercial rentals while allowing for people to continue renting out their homes.

Click here to view the full report.

Comments

  • No comments have been left yet, get the conversation started!

Leave a Comment Below

Sign in to comment.

All fields are required.

Want to embed media into your comment? Just paste in a URL in a separate paragraph to the page where you would normally view the media (like on YouTube) and it will automatically be embedded into your comment.