Raising rents in Ontario with existing tenant vs vacant unit
My understanding of raising rents in Ontario is a percentage based system that caps how much you are able to raise rents. Does this only apply when you have an existing tenant for the purpose of preventing a landlord from forcing someone out of their property by raising rent? If a unit was to become vacant does this percentage still apply from the last rate it rented at or can you set the rent to whatever you want now that it is vacant?