Adapting to new short-term rental rules in Toronto
Today, Toronto city council introduced new rules for short term rentals, including:
- The short-term rental must be your principal residence
- Homeowners won’t be allowed to list secondary suites, such as a basement apartment, for short-term rental.
- Entire home rentals will be capped at 180 days a year (no caps on renting up to 3 rooms in your principal residence)
I am wondering how short-term rental hosts have adapted to similar rules and how my fellow Toronto hosts plan on adjusting to the rules.