Adapting to new short-term rental rules in Toronto

[Account Closed]

Today, Toronto city council introduced new rules for short term rentals, including:

- The short-term rental must be your principal residence 

- Homeowners won’t be allowed to list secondary suites, such as a basement apartment, for short-term rental.

- Entire home rentals will be capped at 180 days a year (no caps on renting up to 3 rooms in your principal residence) 

I am wondering how short-term rental hosts have adapted to similar rules and how my fellow Toronto hosts plan on adjusting to the rules.