Wise Property Management · Toronto
Airbnb Management Toronto.
For The Home You Live In.
Toronto permits short term rentals in a principal residence and nowhere else. That makes this a homeowner market rather than an investor market. If you live in the unit, it can be registered, listed and run properly, and I run it.
Toronto permits short term rentals only in your principal residence. Registration costs $390 a year, an entire home stay is capped at 180 nights a calendar year, and six percent Municipal Accommodation Tax is collected on every stay. Wise Property Management registers, lists and operates the unit for you at twenty percent of net revenue.
Registration
Paid to the City of Toronto and renewed every year.
Night Cap
Entire home stays, per calendar year. Renting a room while you live there is not capped.
Bedrooms
The most you may rent as a partial unit stay in your own home.
Accommodation Tax
Municipal Accommodation Tax, collected on the stay and remitted to the city.
What Toronto Actually Requires
Four rules decide whether a property can operate at all. Every figure here was read off the City of Toronto site on 15 September 2026 and is cited at the bottom of this page.
It Has To Be Where You Live
Short term rental is permitted only in a principal residence, the address on your identification and your bills. A condo you own and do not live in does not qualify. No manager can change that, and anyone who tells you otherwise is selling you a problem.
City of Toronto, short term rental by-law
Register Before You List
Registration is $390 and renews annually, up to thirty days ahead of the renewal date. The registration number has to appear on the listing, and the platforms are required to display it.
Registration and renewal handled under management
The 180 Night Cap Is Real
An entire home stay is capped at 180 nights a calendar year. Renting up to three bedrooms while you are living there is not capped. The cap is the single largest input into what a Toronto unit can earn.
Entire home stays only
Six Percent Goes To The City
Municipal Accommodation Tax at six per cent is collected on the stay and remitted to the City. It is not yours and it is not revenue. It gets separated before anything is reported to you.
Tracked and remitted under management
Toronto In Public Data
Two figures from public registers and national statistics, both under open licences that permit this use. Neither is a revenue number.
active short term rental registrations
On the city’s own public register, refreshed daily. This is the competing set, counted rather than estimated.
Contains information licensed under the Open Government Licence – Toronto. Source: City of Toronto Open Data.
Of the housing stock, 2021
8,266 of 2,270,741 dwellings in the Toronto census metropolitan area were short term rentals that could otherwise house someone long term. This is the number the rules on this page exist because of.
Statistics Canada, 2021
Adapted from Statistics Canada, Short-term rentals in the Canadian housing market, Catalogue no. 11-621-M2024010, 2024. This does not constitute an endorsement by Statistics Canada of this product. The Statistics Canada figures are for the 2021 reference year, which is the most recent published in that study. They are a housing supply measure and not a revenue estimate, and nothing on this site estimates what a property earns.
What I Run In Toronto
One team instead of three vendors pointing at each other. Twenty percent of net revenue, month to month, no onboarding fee and no monthly minimum.
Guest Communication
Fast responses, pre arrival messaging, check in support and full stay coverage, on the same clock as every property under management. You never have to answer a guest.
Turnover Management
Scheduling, quality control, laundry and staging on every reset, with photo proof filed against the property. Outside Calgary the crew is local, vetted and run to the CleanStays standard.
Issue Coordination
Maintenance, access problems and urgent requests routed to a vetted local trade and quoted before any work happens. Nothing gets done and then billed.
Listing And Rate Strategy
Photography direction, title, description and amenity strategy, plus pricing and review management. In a capped market the calendar is managed for rate, not for occupancy.
Registration And Tax Admin
Registration, annual renewal, the licence number displayed on the listing, and accommodation tax tracked and remitted. The part owners forget until the city writes to them.
What Is Different About Toronto
The three things a Calgary operator would get wrong here, and the one I will not pretend about.
Your Condo Board Outranks The City
A City registration does not override a condominium declaration, and a large share of downtown Toronto declarations prohibit transient occupancy outright. Read your declaration before you spend a dollar on furniture. This is the most expensive mistake available in this market and it is entirely avoidable.
The Cap Changes The Strategy
A hundred and eighty nights means every night has to be worth having. A Toronto calendar is managed for rate and length of stay, not for occupancy. Filling the cap cheaply is the most common way to lose money here, and it is what happens by default on autopilot pricing.
Calgary Crews Do Not Drive To Toronto
CleanStays and Wise Property Services are Calgary companies with Calgary crews. In Toronto I manage the property and coordinate vetted local cleaning and trades against the same written standard. Said plainly here rather than implied everywhere else.
Why Guests Book Toronto
Demand is not evenly spread across the year or the map. These are the drivers a listing is positioned against.
Downtown And The Waterfront
The CN Tower, Ripley’s Aquarium, Harbourfront and the ferry across to the Toronto Islands. A unit inside a twenty minute walk of Union Station prices differently from one that is not.
Museums And Galleries
The Royal Ontario Museum and the Art Gallery of Ontario anchor a shoulder season most Canadian cities do not have. Rain is a booking driver in this city, not a problem.
Festivals And Sport
The Toronto International Film Festival in September, Blue Jays, Leafs and Raptors through the year, and a standing convention calendar downtown. These are the nights worth spending the cap on.
Neighbourhoods Guests Search By Name
The Distillery District, Kensington Market, Queen West, Leslieville and the Danforth. Guests search the neighbourhood before they search the city, and the listing title has to answer the search they actually ran.
Toronto Questions
Yes, if the property is your principal residence. Toronto permits short term rentals only in the home you actually live in, registered with the City. An investment unit you do not live in cannot be operated as a short term rental, and no management company can change that. If you live in it, the rest is process.
Yes. Registration costs $390 and renews every year, and you can renew up to thirty days before your renewal date. The registration number has to be displayed on the listing and the booking platforms are required to show it. Registration and renewal are handled for you under management.
An entire home short term rental is capped at a maximum of 180 nights per calendar year in Toronto. Renting up to three bedrooms in your home while you are living there is not capped. The cap is the reason a Toronto calendar is managed for nightly rate and length of stay rather than for raw occupancy.
Toronto applies a six per cent Municipal Accommodation Tax to short term rental stays. It is collected on the booking and remitted to the City. It is not revenue and it never appears in your net. It is tracked and remitted as part of management.
No. A City of Toronto registration does not override your condominium declaration, and many downtown Toronto declarations prohibit transient occupancy outright. Read the declaration and the rules before you furnish anything. If the declaration prohibits it, the property cannot be operated regardless of what the City says.
No. Wise Property Management is a Calgary company and it manages properties across Canada. In Toronto I run the property and coordinate vetted local cleaning and trades to the same written standard used in Calgary. The in house crews, CleanStays and Wise Property Services, are Calgary only. That is said here rather than discovered later.
Twenty percent of net revenue, month to month, with no onboarding fee and no monthly minimum. Cleaning is billed to the guest as a turnover fee rather than to you, and maintenance is quoted before any work happens. The fee is the same in every market.
Send Me The Toronto Property
Three short steps. It takes about a minute, and it tells me enough to price the opportunity before we speak.
Got it.
I read every one of these myself. You will hear back with what the property should earn against the Toronto rules and what it would take to run it.
Where These Numbers Come From
Every figure on this page, checked 15 September 2026. Rules change. Confirm against the City before you list.
Short Term Rental Operators And Hosts
City of Toronto. Registration fee, the 180 night entire home cap, the three bedroom partial unit limit, the principal residence test and the annual renewal.
Read it at the source
Short Term Rental Municipal Accommodation Tax
City of Toronto. The six per cent rate, what it applies to, and the remittance obligation.
Read it at the source
Toronto Municipal Code, Chapter 547
The by-law itself, for anyone who wants the source text rather than the summary of it.
Read it at the source
Registration, night caps and accommodation tax are set by the municipality and change. Confirm the current rules, and your own condominium declaration or lease, before you list. Nothing here is legal advice.
Check The Declaration First.
Then Send Me The Address.
Confirm your condo declaration or your lease allows it, then tell me the building and the bedroom count. You get back what it should earn against the 180 night cap and what it would take to run it.