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Is Airbnb legal in Ontario?
From a Toronto Star column: A friend told me that she went to the Caribbean for a holiday on a deal and it cost her $1,000 for 10 days.
While she was away, she rented out her downtown Toronto condo on Airbnb for $1,500. Sounds good. But is what she did legal in Ontario?
Here's what Airbnb is all about:
Airbnb is a website that connects travellers from all over the world to homeowners who are looking to make extra money by renting out their entire homes, or in some cases, an extra room, for short periods of time. In just 6 years, the company has grown to now have over 550,000 room listings available on their website.
You hook up with your homeowner through the website and Airbnb takes a cut of the money that you pay.
You can see the appeal: Travellers can find a place in some of the best parts of a city such as Paris, London or San Francisco and pay a fraction of what it would cost to stay in a hotel. Some travellers prefer to stay in a private home so that they can obtain an authentic local experience. Still others warn that you must do your due diligence in advance and check for references so you are not disappointed when you arrive.
The company offers insurance to a host to cover some damages that may be caused by a traveller, but there are many exclusions, so read the policy carefully.