![]() Most of those had been inactive for at least a year. 1, Airbnb removed 2,600 listings that had not registered with the city. “We need to continue to pay attention, but we’re definitely (moving) in the right direction,” said Bailao.Īlmost immediately after the city’s new rules took effect Jan. That’s a significant reduction in the pre-regulation numbers and a sign that the new rules are working to balance the rights of people who want to rent the use of their own homes to tourists with the need to keep units on the long-term housing market, said housing committee chair Ana Bailao, city councillor for Davenport.īut, she said, the city needs to pay close attention to enforcement and to the number of short-term rentals that appear when the pandemic recedes. ![]() Of those, 8,300 were homes dedicated exclusively to short-term rentals. ![]() ![]() There are signs that the city’s new short-term rental bylaws are converting some Airbnbs back into stock in the long-term housing market even as Toronto city councillors continue monitoring the new enforcement system for unlicensed short-term rental operators.Ī report before the city’s planning and housing committee on Thursday,says that 42 per cent of commercial short-term rentals have transitioned back into the long-term market, albeit at higher than average rents.Īs of this month there were 3,349 short-term rental operators registered with the city, compared to more than 15,000 listings on rental platforms before the pandemic last year.
0 Comments
Leave a Reply. |