Over the weekend, the Toronto City Council released their new Proposed Regulations for Short Term Rentals that would put extreme limitations on renting your secondary home for short periods of time. If passed, the proposal would ban short-term rentals in secondary homes. These proposed regulations will hugely effect owners of second homes, Toronto residents, small businesses, and the broader tourism community. Websites such as Airbnb will suffer most. How does this effect you?
Read the full report here: http://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-104802.pdf