I bought a new pre-construction house from a builder, after I took posession I started to use it for airbnb.
The property is my primary property and the only property under my name. When I close the property, I claimed that I am using it as my primary residence.
So does that mean I cannot rent the entire house and live in the basement (legal basement with separate entrance)? I am in Great Toronto area.
If I rent out the entire house (without basement) for Airbnb, can I rent out for more than 180 days a year?
From what I learn about primary residence, is that I cannot rent out more than 50%.
Thanks for your clarification.