People who are interested in living in or investing in DT condos are often asking which building do, and which once don’t allow short term rentals. The truth is the majority of the condos don’t permit short term rentals and it is stated in their bylaws, of the buildings who are not allowing them there are some who enforce it strictly, and others that don’t. City of Toronto at the end of 2019 implemented new rules and regulations for short term rentals, there are certain... [read more]

November 15, 2018 is a very important date since it determines if the unit falls under the rent control or not. We are often asked about it, and it is even more confusing for the owners and tenants in newer buildings. What does rent control refer to? It refers to how much the rent can be increased, for 2022 the rent can be increased 1.2% as per Municipal Affairs and Housing Guidelines. That means if your rental unit falls under the rent control and the rent charged was $1,000, for 2022... [read more]

In 2023 Fall Economic Statement, among other changes the federal government is introducing the measures to crack down on illegal short-term rentals as well as financial assistance to the municipalities to help enforce the municipal short-term rental rules. We have compiled a list of rules and regulations for GTA by municipalities. The rules will be implemented on January 1, 2024. The federal government will be denying expense deductions on any short-term rentals where the... [read more]

GTA’s municipalities short-term rental rules and regulations. Short term rentals have been a hot topic for few years, highly debated on all levels of governments given our housing crisis, with the recent introduction of the federal government crackdown on illegal short term rentals starting January 1, 2024, we thought it would be a good idea to put together a list of rules and regulations by municipalities in the GTA region. The enforcement of the rules has always been very... [read more]