My rent will increase from $947.00 to $964.04 which amounts to an increase of 1.80%. I have no problem with it. My concern is that I would hate to lock the lease for 12 months and then have to leave for health or other reason in the middle of the term.

I moved into an apartment in St Catharines, Ontario on November 1 2017. We signed a 12-month lease which defaulted to month to month on November 1, 2018 (12 months later). The building was sold in April 2019 and the new owner is now asking us to renew our lease with a small monthly increase...