How New Rules for Toronto’s Short Term Rental Scene Will Impact Landlords
How New Rules for Toronto’s Short Term Rental Scene Will Impact Landlords
Are big changes coming to Toronto’s Airbnb scene? According to the City of Toronto, we’ll know more in December.
New Ruling
On November 18th, LPAT upheld the decision by City Council to regulate short-term rentals in Toronto.
Who is LPAT?
The Local Planning Appeal Tribunal (LPAT) is an adjudicative tribunal that hears cases and makes decisions on land use planning issues and other matters.
So what exactly does this mean? Basically, the City will have the right to regulate short-term rentals across the city.
Key Points of the New Rules