The city plans to limit the number of units an individual renter can list to just one and that one must be their primary residence.
Those recommendations will be go to public consultation with staff to report back later this year.
The executive committee has endorsed the King Street pilot study. The plan was introduced in May and aims to improve King streetcar performance by placing new restrictions on vehicles between Jarvis and Bathurst.
If approved by full council, the pilot could begin following after the Toronto International Film Festival in September.