If you plan to put your property up for Short Term Rental in Toronto, you’ll need to obtain a STR License from the City of Toronto. The application process is relatively fast, but approval can vary, taking anywhere from a few days to several weeks. The application fee is CAD$51, and we strongly advise starting with this step if you have any intention of listing your property for Short Term Rental. The property you’re applying for should be considered your primary residence.