Are you considering renting out your property on a short-term basis? It’s essential to understand the regulations and requirements set forth by Ontario municipalities. Here’s everything you need to know about short-term rentals in Toronto, Ottawa, and Huntsville.
Toronto’s Regulations
In Toronto, a temporary rental unit is defined as a home rented out for less than 28 consecutive days. To be eligible, all temporary rental units must register online at City of Toronto. Various types of housing are eligible, including houses, rooms in homes, apartments, condominiums, and units on residential properties. However, it’s crucial to ensure that your rental property is your primary residence. Operators are required to collect and remit a 6% Municipal Accommodation Tax, and there are specific regulations regarding the number of guests and nights allowed per year.
Ottawa’s Bylaws
Ottawa has implemented a new bylaw for short-term rentals of less than 30 days. All hosts must register with the city when renting out temporary housing. To be eligible, you must reside in an area where the zoning bylaw doesn’t prohibit bed and breakfasts. Operators are required to collect and remit a 4% Municipal Accommodation Tax, and there are restrictions on the number of guests allowed per bedroom.
Huntsville’s Program
Huntsville, a popular cottage destination, also has specific bylaws for short-term rentals. Residents and property owners can participate in the Short-Term Rental Accommodation (STRA) program if their home is in designated areas. Hosts must obtain a license, pay a yearly fee, and adhere to regulations regarding guest limits and taxation.
Are You A Short-Term Rental Operator?
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Understanding the regulations surrounding short-term rentals is crucial for both hosts and guests. By familiarizing yourself with local bylaws and requirements, you can ensure a smooth and legal rental process.
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