Bloomberg – Airbnb Faces Latest Hurdle as Toronto Considers Regulation

October 19, 2016
Canada’s largest city, facing low apartment vacancies and soaring real estate prices, is considering regulating short-term home rentals amid concern that companies such as Airbnb Inc. are removing much-needed supply. The City of Toronto released a report Wednesday that showed Airbnb rentals doubled in the city and lays out potential regulations including a licensing system, updated zoning bylaws and additional tax requirements. The report, which will be considered by policy makers next week, recommended consultations with the public and stakeholders early next year to help decide whether regulation is needed…
Source: http://www.bloomberg.com/news/articles/2016-10-19/toronto-to-explore-regulating-home-shares-amid-rental-crunch