Managing your rental
Toronto and Mississauga allow short-term rentals only in the operator's own principal residence. What that means for an investment condo, and the long-term route.
By the Tenant.ca teamUpdated 3 min read
The City of Toronto defines a short-term rental as all or part of a home rented for less than 28 consecutive days. Its rules aim to let residents rent out only their principal residence on that basis, keeping other units for long-term rental housing, and every short-term rental company, such as Airbnb, needs a City licence. An investment condo that is not your principal residence cannot be offered as a short-term rental.
This page is general information, not legal advice. It reflects the Residential Tenancies Act, the province's pages and the Landlord and Tenant Board's forms as checked on October 19, 2026. If a tenancy is already in dispute, speak to a lawyer or licensed paralegal.
The City of Mississauga licenses short-term rentals of a primary residence, the home you live in for most of the year, for no more than 30 days in a row and 180 days a year in total. It says the licence is not available for additional or investment properties, and lists the fee at $283 a year. A condo operator needs proof of the condominium board's permission, and a tenant needs proof that the owner has authorized it.
The City of Vaughan allows short-term rentals, stays of no more than 29 consecutive nights, only in the homeowner's or the tenant's principal residence and only with a City licence, which it lists at $213 for a new owner licence in 2026. Stays carry a 4% Municipal Accommodation Tax.
Section 7 of the Condominium Act lets a declaration set conditions or restrictions on the occupation and use of units and on leases, and section 119 requires owners and occupants to comply with the declaration, by-laws and rules. Read your corporation's governing documents before advertising any stay.
For an investment condo, a tenancy under the Residential Tenancies Act is the legal route: a lease on the province's standard form, a rent that can rise each year within the guideline where it applies, and a tenant who stays. The trade-off is that the tenant has security of tenure and you have the duties of a landlord, which is the work a property manager takes on.
Tenant.ca finds tenants for condo owners and manages the tenancy afterwards, with a published fee and an owner portal that shows every rent payment and repair.
Management is $98 per month plus HST for a condo or apartment and $148 per month plus HST for a house, and the first 60 days of the agreement are a trial period.
