The Toronto Star: Number of Toronto homes being used as tourist rentals has nearly doubled, report says

There are as many as 6,500 homes in Toronto being used as short-term tourist rentals rather than full-time residences — a number that has nearly doubled in two years, according to a report released Wednesday by Fairbnb, a coalition of hotel workers and condo residents. The coalition wants the province to consider curbing short-term rentals as a means of boosting the permanent housing supply. Fairbnb says the number of short-term rental listings has grown 25 per cent in Toronto in the past year alone as regulations approved as a bylaw amendment by the city in Dec. 2017 await an August hearing at the Local Planning Appeal Tribunal (LPAT). The appeal was to be heard last summer but was delayed a year when several short-term rental hosts applied for standing there. Read more...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
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