With new regulations set to enforce the “One host, One home” rule for short Term rentals in the city of Toronto, Airbnb has become proactive in their efforts to support the city’s move towards regulating home sharing.
The “One host, One home” rule has been proposed in several jurisdictions, including New York City, San Francisco and Vancouver with the intent to stabilize neighbourhoods by limiting the number of people staying there temporarily, while also potentially putting housing units back on the market for longer-term tenants.
How Airbnb Is Taking Action
Although the regulation has not yet officially taken effect in Toronto, Airbnb has started calling hosts with multiple listings to advise they are no longer allowed to list more than one property on their site. To enforce this, Airbnb is also deactivating listings immediately, giving hosts no time to react.
What Can Hosts Do To Brace For The Change
- Listing Site Independence: Ensuring that all your listings are independent of one booking source and is listed on multiple booking sites such as Booking.com & Expedia should be the first step.
- Regulatory Restrictions: Only Airbnb is proactively enforcing the “One host, One home” rule. Hosts can continue to list multiple properties until the regulation is officially in effect.
- Increased Revenue: As the number of listings will decrease leading up to the regulation going into effect, hosts can command a higher nightly rate as the demand for short term accommodations continue to increase in the City of Toronto.
- Increased visibility & More Bookings: Once listed on these booking sites, your property can be marketed on over 30+ affiliate booking sites. Increased visibility for your property, means more bookings to maximize profits.
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