Author: Matthew Downey

COVID-19: Update on the Canada Emergency Commercial Rent Assistance (CECRA) Program

Matthew Downey • July 24, 2020
Matthew DowneyBackground The Canada Emergency Commercial Rent Assistance Program (CECRA) provides forgivable loans to commercial property owners to cover up to 50% of rent payments payable by eligible small business tenants that are undergoing financial difficulties due to COVID-19. Under the program, the tenant must pay between 0% and 25% of their normal monthl ... Read More

COVID-19: Canada Emergency Commercial Rent Assistance (CECRA) Program

Matthew Downey • June 09, 2020
Matthew DowneyThere are few certainties in life, but one thing we can always count on is that rent will be due on the first of the month. For Ontario small businesses struggling due to the COVID-19 pandemic, the Canada Emergency Commercial Rent Assistance (CECRA) program was created to provide much needed assistance with this obligation. The ... Read More

COVID-19: Help for Commercial Landlords

Matthew Downey • April 24, 2020
Matthew DowneyWhile the impact of COVID-19 on Canadian businesses has been dramatic and widespread, none have been more affected than traditional bricks and mortar businesses not considered ‘essential’ under Canada’s COVID-19 Economic Response Plan.  Many restaurants, retail stores, and service providers have been forced to close completely. Those tha ... Read More