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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Rent regulation was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade. The modern history of rent controls began in July 1975 when the Residential Premises Rent Review Act 1975 was enacted after the demand for rent controls became a major issue in the period leading to the 1975 provincial election. [2]
From 2009 to 2014, Seattle had a big increase in the building and creation of new SRO units designed to be rented at market rates, which had an average monthly rent of $660; In 2013, for example, 1,800 SRO units and microapartment units were built. [47]
Toronto's unemployment rate was 6.7 percent as of July 2016. [171] According to the website Numbeo, Toronto's cost of living plus rent index was second highest in Canada (of 31 cities). [172] The local purchasing power was the sixth lowest in Canada, mid-2017. [173] The average monthly social assistance caseload for January to October 2014 was ...
As a division of the City of Toronto, its annual funding level is established by a vote of Toronto City Council. In 2020, Council approved a budget of $271.191 million gross and $47.953 million net, with a staff complement of 2,435.2 positions. [1]
The ravine system itself forms a part of the larger Toronto ravine system. A shared use path situated along the west Don Valley runs all the way to Downtown Toronto. [citation needed] In addition to municipal parks, a city executive 9-hole course "Flemingdon Park Golf Club" was established next to the ravine system in the early 1960s.
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