Station Park | 18, 28, 36, 40, 50 fl | U/C

[tomh009]

Interesting tidbit I heard today -- apparently they will allow up to 25% of the units to be short-term rentals (AirBNB or similar), provided that the owner of the unit will pay for a "short-term rental licence" at $5000.

That must be a first for K-W.  I assume that the licence fee is intended to address things like the condo corp's increased insurance, administration, and maintenance costs?  In the unlikely event that 25% of owners opted to do this, they'd pretty much flood the short-term rental market, no?

I do believe it's the first for K-W. Need to build this into the condo corporation's declaration so it's very, very difficult to add later on.

I'm curious as to whether this is happening elsewhere ...