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NEW RULES COMING FOR TORONTO AIRBNB

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The City of Toronto is a step closer to regulating Airbnb.

The city’s executive committee has approved a plan asking staff to draft new guidelines for the short-term rental market. It’s an issue that’s already caused some municipalities in the U-S to act.

Santa Monica, California, drew up Airbnb regulations last year specifying the property being rented be a principal residence.

Airbnb says 80% of its Toronto hosts already fit that profile but is willing to work with the city to draft the new rules.

The post NEW RULES COMING FOR TORONTO AIRBNB appeared first on Zoomer Radio AM740.

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