2017. With proper written 90 days' notice to the tenant, the landlord could increase the rent 12 months later on June 1, 2018.
This is the calculation for the rent increase:
The guideline for 2018 is 1.8%
A rent increase of 1.8% on $1,000 = $18
Therefore, the new rent on June 1, 2018 could be as much as $1,018
Above guideline increases: Landlords can apply to the LTB for an increase above the guideline for any of the following reasons:
Their municipal taxes have increased by more than the guideline plus 50 per cent. (For example, if the guideline is 1.8%, the taxes must have increased by more than 2.7 %).
They incurred operating costs related to security services.
They incurred eligible capital expenditures.
http://www.sjto.gov.on.ca/documents/ltb/Brochures/2018%20Rent%20Increase%20Guideline%20(EN).html
This is the calculation for the rent increase:
The guideline for 2018 is 1.8%
A rent increase of 1.8% on $1,000 = $18
Therefore, the new rent on June 1, 2018 could be as much as $1,018
Above guideline increases: Landlords can apply to the LTB for an increase above the guideline for any of the following reasons:
Their municipal taxes have increased by more than the guideline plus 50 per cent. (For example, if the guideline is 1.8%, the taxes must have increased by more than 2.7 %).
They incurred operating costs related to security services.
They incurred eligible capital expenditures.
http://www.sjto.gov.on.ca/documents/ltb/Brochures/2018%20Rent%20Increase%20Guideline%20(EN).html