toronto airbnb

Start of new Airbnb rules in Toronto delayed at least a year

The City of Toronto won't be cracking down on short-term rental operators (read: Airbnb-lords) who book out apartments they don't live in this year, after all.

Good news for people with a stable of cheap units at City Place, but not the best news for Toronto's already hard up rental market.

Councillors voted 40-3 last December in favour of a "registration and licensing program" for all short-term rental activity in Toronto.

The city's Licensing and Standards Committee explained in a report recommending the idea late last year that these unregulated, so-called "ghost hotels" are having negative impacts on housing affordability and availability.

The rules, which should have come into effect this summer, would have required anyone renting out a short-term space — which would have to be a full home that they live in — to register with the city for an annual fee of $50.

It would also restrict the amount of time they could rent their spaces out to 180 nights.

That's not going to happen, however — at least not for some time, thanks to the postponement of an appeal tribunal contesting the city's vote.

Toronto's Local Planning Appeal Tribunal was scheduled for two days last week, according to The Star, but when it was learned that this situation would take five days to resolve, the tribunal was rescheduled "for the next date when a hearing room, the adjudicators and all parties involved were available."

They'll be meeting again to discuss the manner on Aug. 26, 2019 — nearly an entire year away.

Then, the tribunal could then take up to eight weeks to release its decision while long-term rental units dwindle in the shadow of more lucrative Airbnb-type situations.

Lead photo by

Airbnb


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Real Estate

Over 80% of Toronto area investors are losing money on new condos

GTA developers have pressed pause on 24k planned condo units due to market slump

This $4 million dream house in Mississauga comes with resort-like features

These are the best cities in Ontario for renters in 2024

Toronto's next two breathtaking flatiron buildings just started construction

This $2 million Toronto home's interiors are like taking a trip back in time

Condo tower proposed to soar high above Toronto museum

This $22 million fairytale-inspired Ontario mansion has an indoor waterpark