May 25, 2020

COVID-19 UPDATE: Canada Emergency Commercial Rent Assistance (CECRA) Now Open

The long awaited Canada Emergency Commercial Rent Assistance program (CECRA) is now accepting applications. Reminder of what it is: The program offers unsecured, forgivable loans to eligible commercial property owners […]

The long awaited Canada Emergency Commercial Rent Assistance program (CECRA) is now accepting applications.

Reminder of what it is: The program offers unsecured, forgivable loans to eligible commercial property owners to:

  • reduce the rent owed by their impacted small business tenants
  • meet operating expenses on commercial properties.

How to Apply:

You can apply through the CMHC portal by clicking here.

They are taking a staggered approach and have advised different days for different property owners. The days are as follows:

Day

Who should register?

Monday

Property owners who are located in Atlantic Canada, BC, Alberta and Quebec, with up to 10 tenants who are eligible for the program

Tuesday

Property owners who are located in Manitoba, Saskatchewan, Ontario and the Territories, with up to 10 tenants who are eligible for the program

Wednesday

All other property owners in Manitoba, Saskatchewan, Ontario and the Territories

Thursday

All other property owners in Atlantic Canada, BC, Alberta and Quebec

Friday

All

 

Once registered, the portal will be available 24/7 for applicants to input data and upload documents.

For more information on the program, including what you’ll need to apply and how it will benefit you, you can visit the CMHC page by clicking here.