Fuller Landau team • February 23, 2021As many new restrictions are being implemented across Canada in response to COVID-19, the Federal government has updated and revamped their rent subsidy program. The Canadian Emergency Rent Subsidy (CERS) is a transformative update to the retired Canada Emergency Commercial Rent Assistance (CECRA) program. The CERS subsidizes rent for small busines ... Read more
Matthew Downey • September 25, 2020The 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
Matthew Downey • August 31, 2020The 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
Matthew Downey • August 25, 2020The 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
Matthew Downey • July 24, 2020Background 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
As many new restrictions are being implemented across Canada in response to COVID-19, the Federal government has updated and revamped their rent subsidy program. The Canadian Emergency Rent Subsidy (CERS) is a transformative update to the retired Canada Emergency Commercial Rent Assistance (CECRA) program. The CERS subsidizes rent for small busines ... Read more