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ARTICLE · 09 OCTOBER 2020

The Canada Emergency Commercial Rent Assistance Program: An Overview - October 6, 2020

This post was originally published May 8, 2020 and was last updated on October 6, 2020.

CanadaReal Estate and Construction

This post was originally published May 8, 2020 and was last updated on October 6, 2020.

On April 24, 2020, the Government of Canada announced that, in partnership with the provinces and territories, it would be providing relief to landlords who agree to reduce eligible commercial tenants' rent obligations by at least 75% during the months of April, May and June 2020 (subsequently extended through the end of September 2020). Under the program, known as CECRA, the federal and provincial/territorial governments are partnering to pay 50% of the gross rent in the form of a forgivable loan to landlords. The program is administered by the Canada Mortgage and Housing Corporation (CMHC), with the assistance of MCAP and First Canadian Title, through an application portal that opened on May 25, 2020. While there has been no indication that CECRA will be extended beyond September 2020, existing participants are eligible to apply for the September extension until October 30,

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