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………….

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