How is the proliferation of short-term rentals impacting Toronto’s housing supply and the character of residential neighbourhoods, and what should be done about? To help answer those questions, and draft regulatory policies to govern services like Airbnb, the City of Toronto has announced two public consultations, to be held on March 28th and April 20th.
According to today’s news release, the City is now “considering regulations for short-term rental of accommodation,” which is defined by tenancies of 30 days or less, which are now typically facilitated by businesses like Airbnb, Homeaway and VRBO. “Key areas of discussion include quality of life (income/noise/safety), housing availability and affordability, economic development and tourism, and taxation.”
The April 12th consultation will also be live-streamed via YouTube, with the link set to be available through the City’s Official Channel. Complementing the consultations, an online survey will be made available in the coming days. Public input collected through the meetings and survey responses will help guide a set of recommendations made by City Staff, with a policy report expected to be delivered to the Executive Committee in June.
Source: Short-Term Rentals: Public Invited to Help Shape Regulations via Right Relevance