Browsing Tag

commercial rent

Small businesses move to lock in rental deals amid low vacancy rates

Salmaan Farooqui - The Canadian Press Apr 19, 2021

When Sohel Imani went looking for a second location for his bike shop in Toronto's West End, he knew he'd be able to leverage the city's current commercial rental market. With dozens of storefronts sitting empty in any given Toronto…

Building

Long awaited federal rent subsidy program for businesses hurt by COVID 19 opens today

Jordan Press and Christopher Reynolds — The Canadian Press Nov 23, 2020

OTTAWA — Businesses struggling to pay the bills because of the COVID-19 pandemic will be able to start applying today for a long-awaited new commercial rent-relief program offered by the federal government. The new Canada Emergency Rent…

Real Estate

Liberals extend commercial rent relief program for last time

The Canadian Press Sep 9, 2020

OTTAWA – An underused program to give hard-hit small businesses a break on their rent is getting one more month of service, but without any of the changes critics say are needed to prevent stores from permanently closing their doors. On…

Real Estate

Ontario Joins Other Provinces in Introducing a Temporary Moratorium on Evictions of Small Business…

Patrice Thomas, Agnès Pignoly Jul 6, 2020

As governments attempt to support small businesses affected by the COVID-19 pandemic, Ontario has joined other provinces in introducing a moratorium on evictions of small business commercial tenants. Passed on June 18, 2020, the Protecting…

Real Estate

National Coalition of Commercial Property Owners calls for Support to Small Businesses

Building Jun 1, 2020

A new coalition of commercial property owners is calling on provincial governments to provide direct supports to struggling small businesses instead of "blanket non-eviction measures that punish landlords participating in the Canada…

Real Estate

Trudeau unveils rent relief for small businesses hurt by COVID 19

Building Apr 24, 2020

The Prime Minister, Justin Trudeau, announced today that the federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small…