Short-term rentals (STRs) in Waterloo, Ontario, often referred to as "Airbnbs," are legal but must comply with city regulations such as obtaining a residential rental license if they operate in low-rise residential buildings. The regulations limit the operation of an entire home to a maximum of 180 nights per year, although property owners can rent out individual rooms without restrictions on the number of nights. Popular property types for STRs include urban apartments and suburban homes, with a notable market for those in proximity to local universities and tech hubs, catering primarily to both tourists and business travelers. The City of Waterloo promotes a vibrant STR environment due to its proximity to attractions like festivals and academic events, contributing to a mixed demand profile year-round. The city government, specifically the Residential Rental Licensing department, oversees these regulations to ensure safety and compliance within the rental market. For more detailed information about regulations, you can visit the official government website at.