“The slate of new by-laws, formed after consultations with various stakeholders and public input, will cover several areas. An annual license of $150 will cover the city costs of regulation.
Other regulations include the property must be a principal residence, which prevents people from buying up numerous properties with the sole intentions of renting them out; limiting the number of rooms that can be rented to 3, as well as the length of an individual stay (28 days) and total nights rented in a year (180).”