How much can the LTB allow?
The LTB can allow an increase of up to 3% above the guideline for up to 3 years in a row for the cost of security services or for capital expenses. Capital expenses are major repairs, renovations, replacements, or additions that will last at least 5 years and are not part of normal ongoing maintenance.
Normally, the LTB can also allow any amount of rent increase because of increases in municipal taxes and charges. But in 2021, rent increases for this reason are not allowed.