Latest Developments

Premier Doug Ford announced $241 million of funding through the new Ontario-Canada Emergency Commercial Rent Assistance Program (OCECRA) to provide forgivable loans to eligible commercial property owners. To receive the loan, property owners will be required to reduce the rental costs of small business tenants for April to June 2020 by at least 75 percent and commit to a moratorium on evictions for three months. The new program is the provincial component of the Canada Emergency Commercial Rent Assistance joint cost-sharing program announced by the federal government earlier today.