Renting an apartment in Toronto can be a great idea for trips of any length and purpose. However, as any large North American city, Toronto has its peculiarities: locals are aware of them, yet out-of-town guests may be understandably clueless.
What is considered to be short-term rent in Toronto (and other major Canadian cities) is a stay that spans several months, from one month to up to a year. There are many and more options available to you, because rentals of this nature are permitted in the vast majority of apartment buildings and condo residences in Toronto. There are both furnished and unfurnished options available; the former are more costly, but provide a measure of convenience to travellers staying only a month or two. Unfurnished rentals will allow you to pay less, while staying in an area of your choosing. It is a good idea to contact us to learn about your options.
Renting an apartment in Toronto for a year or more constitutes long-term rent. It may be beneficial to find a nice option in the area you like and stay there, because it makes you exempt from the real estate agent fee. This one-time fee is charged regardless of the length of the booking, but it can be either the owner's or the tenant's responsibility depending on the span of the contract.
What is left, then, is furnished vacation rentals, if exactly, extremely short stays ranging from 3 days to several weeks. Accommodation of this kind is difficult to stumble upon in Toronto, where condo managers and apartment buildings are required by law to prohibit sublets and vacation stays in order to prevent noise complaints and property damage. However, private house owners are free to convert their properties into mini-apartment buildings and offer them to travellers. Vacation rentals in these types of places are legitimate, but, unfortunately, extremely rare.