Author: Matthew Downey

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

Matthew Downey • September 25, 2020
Matthew DowneySeptember 2020 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 mo ... Read More

The Future of Work and Commercial Real Estate Post-Pandemic

Matthew Downey • August 31, 2020
Matthew DowneyThe onset of the COVID-19 pandemic in mid-March and the accompanying physical distancing measures sent droves of Canadian office workers home. Those that were lucky were able to continue working remotely. Since then, the economy has been gradually reopening and the streets of the GTA’s business districts are noticeably busier than they were a few ... Read More

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

Matthew Downey • August 25, 2020
Matthew DowneyThe 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 monthly gross ren ... Read More

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