Staff will examine whether the City has the necessary tools to address complaints, including complaints about short—term rentals in condominiums. Staff will also examine concerns raised about safety concerns in neighbourhoods.

• Economic development and tourism: In consultation with key tourism stakeholders, staff will examine the impact on the tourism industry and broader city economy.

• Zoning by-laws: Staff will analyze regulatory and compatibility issues related to short-term rentals in various zones of the city-wide zoning by-Iaw.

• Taxation: Staff are currently examining a number of new revenue options as part of the long-term fiscal plan. As part of this review, staff will explore the opportunity for a hotel tax and will examine whether and how short-term rental operators would be included in the hotel tax. The report on the long-term fiscal plan will be presented to Executive Committee in December 2016.

Consultation

A key element of the work program involves consultation with residents, business owners, and key stakeholders as outlined below to collect their perspectives on short- term rentals and their opinions about options to regulate. This process will be broad and inclusive and provide significant opportunity for all interested parties to share their opinions.

Consultation will begin in the first quarter of 2017 through community meetings. stakeholder meetings, an online survey, and may also be done via phone survey. The process will be transparent to the public and stakeholders; regular updates will be shared with interested residents, business owners and stakeholders via the project website.

Key stakeholders to be consulted include, but are not limited to:

• Short—term rental platforms, including Airbnb, Homeaway. Flipkey, Roomorama
• Fairbnb coalition
• Neighbourhood associations and condominium associations
• Tourism representatives, including Tourism Toronto. Greater Toronto Hotel Association. the Ontario Restaurant Hotel & Motel Association. and bed & breakfast associations
• Tenant advocates including the Federation of Metro Tenants' Associations, the Advocacy Centre for Tenants Ontario and the Association of Community Organizations for Reform Now
• Relevant ministries at the Province of Ontario, including the Ministry of Municipal Affairs; Ministry of Tourism. Culture and Sport; the Ministry of Finance and the Ministry of Housing
• MaRS
• Canadian Centre for Policy Alternatives

Options for potential regulation

Staff will examine potential options for regulating short-term rentals in Toronto, including a licensing system. updated zoning by-Iaws, additional tax requirements and other

Developing an approach to regulating short-term rentals