Toronto Airbnb rules could be changing after city hall review

If you run an Airbnb in Toronto, or plan on staying at one, you’ll want to keep your eye on city hall today.  The city’s Municipal Licensing and Standards division is set to unveil new guidelines for the home-sharing industry Monday after months of public consultations.  Critics of platforms like Airbnb accuse investors of snapping up multiple properties and running them like “ghost hotels,” further reducing the amount of affordable rental housing in the city. Airbnb — by far the largest player in the sector — says it supports “sensible regulations,” but maintains its service is benefitting more than 9,900 hosts while generating hundreds of millions in tourism revenue for the city.    Read the article………….


Related Articles

Condo culture: Board must curtail resident throwing debris from balcony

Q. We have a problem with some residents who throw things from their balconies. We know from which balcony it

Condo culture: Is condo right for you? Consider if you are right for condo life

Q: My wife and I are very interested in buying a condo. We are tired of taking care of our

Condo Smarts: Strata responsible for exterior windows

Dear Tony: Our strata corporation has received its depreciation report, and our doors and windows are due for projected upgrading