June 16, 2017
Many Canadian cities are looking to regulate upstart online platform companies like Airbnb, which offer short-term rentals sometimes at the expense of long-term rental availability. The City of Toronto has weighed in with proposals to limit short-term rentals to primary residences, to charge short-term rental hosts and companies a fee, and more. Is Toronto going far enough? CCPA-Ontario Economist Zohra Jamasi surveys key North American cities’ attempt to regulate Airbnb and concludes Toronto could do more to protect the long-term rental stock.