| |

Toronto AirBnB update

ByPaul Anand

Hosts will have to register with the city.

The City of Toronto has announced that everyone interested in renting their premises on AirBnB will have to register with the City on a new webpage that will be ready this Spring. More details will be made available over the next few weeks.

This registry is intended to ensure that individuals will only rent out their principal residences as per new rules that were announced last year. Landlords who own duplexes, triplexes or multiplexes that they do not live in, are not allowed to rent out their suites through AirBnB or any other short-term rental sites.

Under the new rules, people can rent up to three bedrooms in a unit for an unlimited number of nights per year (up to a maximum of 28 days per stay) or their entire home for a maximum of 180 nights per year. People who do not follow these guidelines and who do not register with the City can be subject to fines and/or charges.

Similar Posts

Form N12 Explained
| |

Form N12 Explained

ByPaul Anand

The importance of serving your tenants notice the right way with the right forms.

A Look at Hamilton Area Real Estate – An Investment Property Focus
|

A Look at Hamilton Area Real Estate – An Investment Property Focus

ByPaul Anand

This article is courtesy of Evan Wright, Plex Realty Sales Representative Is the Hamilton real estate market still worthy of consideration? Outlier communities are attractive to both real estate investors and first-time home buyers alike. There are several standard reasons for this, but one of the most prominent ones is that people are not necessarily…

Should All Prices Be Disclosed in a Real Estate Bidding War?

Should All Prices Be Disclosed in a Real Estate Bidding War?

ByPaul Anand

The Toronto real estate market has been plagued with a lack of supply for some time now. This had led to a sellers’ market where there is often more than one bid on a property that is listed for sale. Multiple offers are commonplace and are often expected by sellers on many downtown properties.

Interest Rates Slowly Starting to Drop 
|

Interest Rates Slowly Starting to Drop 

ByPaul Anand

Third straight rate drop signifies a brighter future for buyers & sellers of income properties.

Toronto Vacancy Rate at an All-time Low

Toronto Vacancy Rate at an All-time Low

ByPaul Anand

It has been very challenging for renters in Toronto to find places to live over the first six months of this year. Some are saying that the vacancy rate is at an all-time low. Experts suggest that the current rate may now be under 1% which means that 99% of all the spaces available for…

Some Toronto Residents Against Garden Suite Program
| |

Some Toronto Residents Against Garden Suite Program

ByPaul Anand

In my last newsletter I wrote about how Toronto City Council has announced a program to allow residents to build garden suites on residential properties in the city. This measure was enacted to help with the current housing crisis, thereby bringing more potential dwelling units to market. Just to reiterate, a garden suite is defined…

Leave a Reply

Your email address will not be published. Required fields are marked *