Posted Aug 3, 2023, 5:11 PM
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Registered User
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Join Date: Jun 2017
Posts: 4,796
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"The listing describes the one-bedroom laneway house and the three-bedroom basement suite as “mortgage helpers,” and when visitors tour the property, the agent quietly touts the two as bringing over $19,000 a month in revenue as short-term rentals...."
Correct me if I'm wrong but the person who is advertising this is advertising an illegal operation? If I recall you're only allowed to short-term rent out your primary residence that you live in and not the secondary suites on your property. And if they're doing that, they're doing that without the required business license. I can't imagine the nightmare to enforce this from the City's POV.
At least it appears we know (if I read the article right) that Draco Pacific Reality is promoting at least one illegal activity, that we know of for housing.
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