As the City of Toronto mulls how to regulate short-term rentals, it need only look across the pond — and across the continent — for a host of answers. (CBC)Vancouver Mayor Gregor Robertson had said that he expected the move would put 1,000 homes back on the short-term rental market. Kristyn Wong-Tam said that she'd prefer to look at Canadian models that the city can enforce when it comes to regulating short-term rentals. "The vacancy rates in Toronto for families who are looking for permanent rental homes, long-term rentals, is very, very tight," she said. If we lose 10,000, 20,000 units ... to short-term rentals it means that families trying to live in the downtown core ... will not have those options."

Source: CBC News April 13, 2017 09:01 UTC