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Sorry it seems some of them do mention it on looking at a few more, my bad.

@@kylehigh2488 No worries ! You had me double checking as well when I read your comment. But yes 155 Yorkville does still allow it. I'd always just double check the status certificate to see it in writing before making any move. If you do want to chat further or have any other questions feel free to reach out at fadynakhla@royallepage.ca and I'd be more than happy to help 😀

Hi! Email me at fadynakhla@royallepage.ca and we can have a chat ! Thanks

Email me at fadynakhla@royallepage.ca and I’ll send you the list of condos. Airbnb arbitrage is legal in Toronto but not worthwhile in my opinion. The unit must be your primary residence so even if you’re able to do it , you can only do it with your one unit. You’ll need a regular short term rental lisence same as if you owned the property.

Thanks So it’s not possible to run an arbitrage subletting multiple apartments in Toronto ?

Hi ! It depends where your home is located, every city has it's own rules and regulations. If you're in Toronto then you can only Airbnb your principal residence

Hi ! Glad you found the video useful! You can reach out to me using my email at fadynakhla@royallepage.ca or text me at 647-867-1763 and I’ll send that list over along with any other information you may need. Thanks !

Hi U can't rent more than 6 months I toronto.unit has to be primary house. If u agree the above then according to cra wen u sell that unit even though it's primary unit..u need to pay cap gain on sale price Right?

Email me at Fadynakhla@royallepage.ca and I’ll send it over. Thanks!

Agreed I love his videos, both the content and also his demeanor/personality... very calming and pleasant! Thank you Fady!

Also. Due to the primary residence being the restriction, you can only rent out one property?

Hi Emilia! Many of the buildings downtown Toronto now require that you be the owner to airbnb. There’s still a few that allow tenants to do it but getting landlord permission along with the higher rental rates make rental arbitrage not as worthwhile here in Toronto

@@Fadynakhlarealestate Thanks so much! Also, it seems we can only do STR for half the year.

@@meowmeem That is correct ! It's only 180 days per year which actually ends up being about 7-8 months depending on how many days you end up booking per month (It's very unlikely you'll fill up all 30/31 days of every month). So it takes about 7 months to use up all 180 days and even then it ends up being double if not more than what you receive via long term rent.

Hey Paul, as far as I'm aware yes people do follow the maximum. Airbnb is linked directly to the city bylaws now so will actually have a nightly counter right next to your listing and once you reach 180/180 nights, you'll no longer be able to book anymore nights for the year

Hi ! Ya sure, just email me at Fadynakhla@royallepage.ca and I’ll send that list right over to you

Hey John! That’s a great question. So you get 180 days per year that you’re allowed to STR but you won’t use 30/31 days per month realistically. I mean if you do that’s great but it’s most likely not going to happen. So let’s say you book like 25 nights every month on average, that’ll leave 5 nights open every month which means that you’ll ultimately end up needing 7 months if you want to use up your entire 180 nights. That’s why if you start in May you’ll probably go into November, November being that 7th month. Feel free to reach out to me directly if you have any other questions 🙂

No these rules do not apply to Quinte West. As far as I know you do not need to register for STR nor do you have a 180 day limit. There is a 4% Municipal Accommodation Tax but that’s about it.

No balcony either. Can't even enjoy a coffee outside on a beautiful day!

Email me at Fadynakhla@royallepage.ca and I'll send it right over. Thanks !

Hi Nibal, my contact info is all in the description of the video or you can email me at fadynakhla@royallepage.ca and we can have a chat. Thanks !

Definetely could be better !

Sorry which item or rule are you referring to ?

It is !

You don't like my thumbnail ? 😔

@@Fadynakhlarealestatelooks fine to me 😊

Hey ! No no, the $72,562.89 is what's coming directly from Airbnb into their bank account. They'd then have to minus their mortgage/expenses for their net

That’s right there’s a washer and dryer in one of the closets and this unit does come with 2 underground parking spots as well. This unit actually has had a very large price reduction, it’s no longer listed for $3 million - Email me at Fadynakhla@royallepage.ca and I’ll send you more information !

Thank you for sharing your recent information! ☺

Can't argue that ! I believe Toronto is one of the most expensive cities to live in in Canada, second only to Vancouver. If location isn't a deciding factor for you, then a flat in Kansas for 150k sounds like a great option ! Unfortunately if you want or need to be in Toronto, these are the prices you're going to be paying.

haha ya not too bad ! It was only possible because the unit was furnished, I believe the going rent for a unit that size at that time was around $2800/month