Our approach to Toronto short term rental property management is analytical, hospitality driven, and owner friendly. Guestable’s short-term rental managers will ensure you and your property are in good hands.
short-term rentals, and monthly executive rentals given its popularity both nationally and internationally. This popularity has experienced growth in recent years as more people choose to take short-term and extended vacations in South Florida. Compared to other major population centres in the country, Toronto has a very favourable regulatory approach to vacation rentals due to the importance of tourism to its economic growth. The increase in remote work has also contributed to more people choosing to spend more time in Toronto.
Given the size of Toronto, there is demand for short term rentals throughout the many neighborhoods of the beautiful city. In neighborhoods with less demand, there tends to be a balancing effect of lower supply. This ensures consistent occupancy no matter where or when a host is renting. Demand in the downtown core is always the strongest due to proximity to restaurants, activities, and sites. Outside of the downtown core, neighbourhoods where tourism isn’t popular, have a lack of hotels. However, their hosts offer great hotel alternatives on sites like Airbnb and experience strong occupancy.
The City of Toronto has implemented its regulation framework for short term rentals booked on Airbnb and other platforms. The short term rental regulation is focused on all or part of a dwelling unit rented out for less than 28 days. The regulation permits licensed hosts to rent out an entire place for a $50 annual registration fee. This regulation does not apply to rentals for periods of 28 days or more. For any questions about the Toronto vacation rental license you can visit the city’s website or contact us.
Guestable has enabled Stephanie to rent out her home on Airbnb and other short term rental platforms without having to worry about day to day management.
Please provide more information about your property so we can provide you with a short term rental earnings estimate and a quote for our property management and Airbnb listing management services.