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ARTICLE · 15 OCTOBER 2020

Current Details On The Canada Emergency Rent Subsidy

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The Federal Government recently unveiled new relief measures for qualifying organizations adversely impacted by COVID-19. This new program was announced on October 9, 2020...

CanadaReal Estate and Construction
Armen Khajetoorian
Armen Khajetoorian
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The Federal Government recently unveiled new relief measures for qualifying organizations adversely impacted by COVID-19. This new program was announced on October 9, 2020 and is known as the Canada Emergency Rent Subsidy (CERS). It is designed to provide rent and mortgage support to organizations affected by the pandemic and will be available until June 2021.

The CERS program replaces the highly criticized Canada Emergency Commercial Rent Assistance program (CECRA), which many claimed was overly complicated by placing the onus on the landlord to apply for the CECRA program on behalf of its tenant. The CERS program is designed to provide easy-to-access rent and mortgage support by allowing eligible organizations to apply directly for assistance, rather than relying on landlords to do so on their behalf.

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