The City is considering new rules for short-term rentals.
What is a short-term rental?
The term "short-term rental" typically describes rentals that occur over a short period of time (e.g. 28 days or less). Popular online platforms, such as Airbnb, Flipkey, Homeaway, VRBO and Roomorama facilitate bookings and payments for short-term rentals. Short-term rentals may occur in houses, townhouses, second suites, condominiums and rental apartment buildings; and may be operated by both property owners and tenants.
Proposed new rules for short-term rentals
A proposed City-wide zoning framework permits short-term rentals in the principal residence of an owner or tenant in residential and mixed-use zones. A short-term rental can be the entire dwelling unit, a secondary suite or up to three rooms rented for a period of no more than 28 days.
The proposed licensing and registration system requires anyone operating a short-term rental to register with the City and include the City-issued registration number in all ads. Short-term rental companies will need to get a City licence and could only list registered short-term rentals.
For more details about the proposed new rules, read the Executive Committee decision.