Updated Rules for Airbnb in Toronto

Answered!
Ashley1570
Level 2
Toronto, Canada

Updated Rules for Airbnb in Toronto

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.

 

1 Best Answer
Helen3
Level 10
Bristol, United Kingdom

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 

View Best Answer in original post

2 Replies 2
Helen3
Level 10
Bristol, United Kingdom

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 

Bhumika
Community Manager
Community Manager
Toronto, Canada

Hi @Ashley1570 ,

 

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

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