neptune waterpark condos

Toronto condo just signed an historic agreement with Airbnb

Big changes may be coming for Airbnb hosts in Toronto.

The home-sharing app company has just signed a deal with a Toronto building that could change the way the service operates in condos throughout the city.

Neptune Waterpark Condos has signed onto Airbnb's Friendly Buildings Program. The agreement allows condo management staff to see data on Airbnb rentals in the building.

How many units are being rented on the app, the number of guests, and check-in and check-out times are just some of the information that management will be able to monitor.

The purpose is to allow greater transparency between Airbnb hosts and the building, ensuring neighbours and management feel safer and more secure.

Another part of the agreement dictates fees for common area upkeep. As Airbnb renters come and go, there's a toll on hallways, pools, and other shared areas. Hosts will pay a small fee to help with upkeep of these spaces.

A percentage of the rental cost (between five and 15 percent), decided on a case-by-case basis, will be given to the building as well.

The deal is the first of its kind by Airbnb to take place outside of the U.S. The company may bring the agreement to other buildings with high numbers of Airbnb listings as well.

Greater transparency and security may help to refocus Toronto's attempts to crack down on the service, which the city has been exploring for some time now.

Lead photo by

TourVista


Join the conversation Load comments

Latest in City

Toronto police on the hunt for person behind multiple assaults at TTC stations

Toronto expected to be hotter and wetter than usual this summer

Toronto is shutting down the entire Gardiner Expressway this weekend

There's a major problem with Toronto's waterfront and it has to do with bike racks

Here's what the TTC's new bus terminal might look like

Marie Curtis Park is Toronto's local spot for a low-key day at the beach

The amusement park on the Toronto Islands is reopening for the summer

Cannabis store replacing closed Starbucks and people say Toronto is officially ruined