Updated Rules for Airbnb in Toronto

[Ashley1570]

Hey Toronto Hosts!

Is it currently worth it to exclusively Airbnb a property in downtown Toronto considering the new rules that limit rentals to a maximum of 180 days per year? As a previous Superhost/Workhost who took a break, I am considering purchasing another property and would appreciate any advice on the matter.

[Bhumika]

Hi @Ashley1570 ,

Were you able to dig further regarding updated STR rules and decide on continuing to buy another property? 

[Helen3 · Accepted solution]

You would need to set up a profit and loss budget looking at your set up and ongoing costs.

Estimate your charge out rate and how many days you are likely to be able to let it out.

This will give you your likely profit levels

@Ashley1570