11 Dec How many rental units will Toronto’s new Airbnb regulations return to the market?
Original article via Metro News. Click here to read.
It’s official: Toronto’s passed a strict regime of regulations on short-term rentals from companies like Airbnb, and basement suites are off-limits.
But the big question is how many rental units this will actually return to the market.
The city estimated in a June 2017 report there are 3,200 Airbnb listings in the city that aren’t in “principal residences,” meaning a landlord is essentially renting to short-term tenants instead of long-term ones.