Short Term Airbnb-Style Rental Proposal To Be Drafted

As stated in a previous blog post, the city of Toronto proposed a registration and licensing system for short-term rentals in order to open up long-term rentals for Torontonians. The primary objective is to limit and discourage commercial operators from offering multiple listings in order to lower rental rates, and encourage long term renters while still accommodating tourists.

Yesterday, the proposal was approved by John Tory's executive committee and will proceed to public consultations.

John Tory believes that, "Toronto will demonstrate it is a forward-looking, innovative city that isn't trying tot urn back the hands of time." The "one host, one home" rule exists in several cities such as New York, San Francisco, and Vancouver.