Found 1 blog entry tagged as short-term rental licensing toronto.

Did you know that in bustling markets like Toronto, short-term rentals can yield significantly higher income compared to traditional leasing options? With the rise of platforms like Airbnb and VRBO, the allure of turning real estate into a profitable short-term rental business is strong. However, before you dive into this lucrative market, there are important considerations and potential challenges to navigate. Understanding the legal landscape, including business licenses, ordinances, and the need for a robust registration system, is crucial for operating successfully and maximizing tax revenue.

Why is this relevant now? The trend of traveling for shorter periods and seeking homely amenities has spiked, making short-term rentals a hot topic in real…

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