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ARTICLE · 29 SEPTEMBER 2020

New Updates From CMHC On The Canada Emergency Commercial Rent Assistance Program (Update)

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In our previous bulletins "Federal Government Announces Joint Initiative with Provinces and Territories to Implement Canada Emergency Commercial Rent Assistance Program", and "CMHC Releases Additional Information on CECRA", ...

CanadaReal Estate and Construction
Robert Iaccino
Robert Iaccino
Kristian Arciaga
Kristian Arciaga
Brock Euper
Brock Euper
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In our previous bulletins " Federal Government Announces Joint Initiative with Provinces and Territories to Implement Canada Emergency Commercial Rent Assistance Program" (the "CECRA"), and " CMHC Releases Additional Information on CECRA", we discussed the preliminary details of the CECRA and the program administration by the Canada Mortgage and Housing Corporation (the "CMHC").

On Tuesday, September 8, 2020, the CMHC released the following updates with respect to the CECRA:

  1. New Extension of Rent Relief for Small Businesses: The CECRA program will be extended by an additional month in order to help small businesses pay rent for September.
  2. Eligibility: Eligible small business tenants that qualified for the CECRA based on existing program measures will be able to apply for the additional month if they had a 70% revenue decline for the months of April, May and June. Businesses will not need to reassess whether they continue to have a 70% revenue decline in

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