The City of Toronto has tabled its proposals for regulating short-term rentals, such as Airbnb, VRBO and others. Under the proposed new rules, property owners in Toronto would have to comply with a series of rules before making a property available for short-term rentals. The proposed regulations put forward by the City include: 

• Banning people from listing units where they don't live 

• Amending zoning bylaws to create a special "short-term rental" category

• Requiring short-term rental companies (such as Airbnb) to acquire licenses to operate

• Creating a registry for anyone operating a short-term rental unit 

You can view the full proposal here. 

For more: 

CBC: Canada's biggest cities move to regulate Airbnb, but it's no easy task