If you own a condo in Toronto and you're wondering whether you can put it on Airbnb, the honest answer is: it depends on your building. Two towers on the same street can have opposite rules. One welcomes nightly guests, and the one next door only allows long-term leases.
This guide explains who decides, how to check your own building in a few minutes, and what your options are once you know the answer.
The short answer
Many Toronto condo buildings allow short-term rentals, but plenty don't. As of November 2026, our free Toronto condo STR checker covers 202 buildings:
- 140 are short-term friendly
- 5 only allow stays of a month or more
- 21 are long-term only
- 36 haven't been verified yet
So the odds are decent, but you can't assume. The only way to know is to check your specific building.
Who decides: your building, not your neighbour
Every condo building in Ontario is run by a condominium corporation with its own governing documents. Three of them matter here:
- The declaration. This is the building's founding document. It can say how units may be used and whether there's a minimum lease term.
- The rules. The board can add rules on top of the declaration, including rules about short stays, guests, keys and amenities.
- Board minutes. These show what the board is discussing now, including changes that haven't taken effect yet.
This guide is about your building's own rules. Any city requirements are separate and come on top of them. If your building says no, nothing else changes that.
The four answers you can get
When you look up a building in our checker, you'll see one of four results:
- Short-Term Friendly. The building allows nightly and weekly stays, like Airbnb.
- Mid-Term Only. Nightly stays aren't allowed, but furnished stays of a month or more are.
- Long-Term Only. The building only allows long leases, usually six months or more. Short stays here can lead to fines or legal action from the condo board.
- Not Verified Yet. We don't have enough reliable information, so don't assume either way.
How to check your building in 5 steps
- Search the checker. Type your building name or address into the STR checker. It takes a few seconds and it's free.
- Get the status certificate. You can order one from the property management office. It comes with the declaration and the current rules.
- Read the leasing section. Look for a minimum lease term (for example six months or a year), wording such as "single-family residential use", and any clause about transient or hotel-like use.
- Ask the management office. Ask plainly: "Are short-term rentals allowed, and is there a minimum stay?" Get the answer in writing if you can.
- Read the recent board minutes. If the board is planning to change the rules, it will show up here first.
Our checker is a starting point, not a guarantee. Building rules can change, so confirm with the documents before you list.
Signs a building is short-term friendly
None of these is proof on its own, but together they're a good sign:
- Many units in the building are already registered as short-term rentals with the City. In our checker, buildings such as Three Hundred Front Street, Ice Condos and Parade II each have more than 150.
- The building has a set process for guests, such as registering them at the front desk or a set way to hand over keys.
- The declaration has no minimum lease term.
And signs it isn't: a minimum lease term in the declaration, or notices in the lobby or elevators about short-term rentals.
It varies by neighbourhood
Here's how the buildings we've checked break down in some of Toronto's busiest condo areas, as of November 2026:
- CityPlace: 13 of 23 are short-term friendly, and 5 are long-term only.
- Entertainment District: 12 of 24 are short-term friendly, and 4 are long-term only.
- Waterfront: 12 of 18 are short-term friendly.
- Church-Wellesley: 11 of 14 are short-term friendly.
- Garden District and Moss Park: 11 of 12 are short-term friendly.
- Yorkville: 6 of 10 are short-term friendly, and 4 are long-term only.
- Liberty Village: 6 of 9 are short-term friendly.
- King West: 5 of 9 are short-term friendly.
You can browse every neighbourhood to see each building and its status.
If your building allows short-term rentals
You have three ways to rent the unit:
- Nightly and weekly stays. This has the highest earning potential, and the most work: pricing, guest messages, cleaning and restocking. Our Toronto management team can run all of it for you.
- A mix of nightly and monthly stays. Short stays in the busy months, furnished monthly guests in the quieter ones.
- Guaranteed Rent. If you'd rather not think about bookings at all, units in short-term-friendly buildings could qualify for Guaranteed Rent: BookedHosts becomes your tenant and pays an agreed rent on the 1st of every month, occupied or not, often a little above market rent. Our guide to which condo buildings qualify explains how it works.
Not sure which fits? The revenue estimator shows what a condo like yours could earn.
If your building only allows monthly stays
That's still a real option. Furnished monthly stays suit people relocating for work, families between homes and guests in town for a project. They often pay more than a standard 12-month lease, with less wear than nightly stays. Our guide to furnished monthly rentals in Toronto covers who books them and how to set a unit up.
If your building is long-term only
Then a long-term tenant is the way to rent it. We'd rather tell you that plainly than have you find out through a letter from the condo board. Listing a unit for short stays in a building that bans them can lead to fines or legal action, and we won't run short stays or offer Guaranteed Rent in those buildings.
If your building isn't listed
Our checker doesn't cover every building yet. Request a free check and we'll look into your building's rules and get back to you within 24 hours with what's allowed and a free income estimate.
Common questions
Can my condo board stop me from doing Airbnb?
Yes. If the declaration or rules restrict short stays, the board can enforce them, even if other owners in the building are doing it.
Other units in my building are on Airbnb. Does that mean it's allowed?
Not necessarily. It's a good sign when many owners are doing it openly, but some owners rent short-term in buildings that don't permit it. Check the documents.
Can the rules change after I buy?
Yes. Boards update rules, and buildings that allowed short stays have later restricted them. That's why the recent board minutes are worth reading before you buy or list.
I rent my condo. Can I Airbnb it?
You'd need your landlord's written permission, and the building's rules still apply.
This guide is general information, not legal advice. Your condo's declaration, rules and status certificate are the source of truth.
Want to know where your building stands? Check it free in the STR checker, or talk to us about your unit.
