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CFAA-FRPO Lobbying Success for Mixed-Use Landlords

2020-05-25T17:18:43-04:00

CFAA-FRPO Lobbying Success for Mixed-Use Landlords Canada Emergency Commercial Rent Assistance (CECRA) Of interest to landlords with ANY commercial tenants anywhere in Canada The federal government created the CECRA to help small businesses pay their commercial rents. With costs divided between them, the federal government and each provincial government will provide forgivable loans paid to qualifying commercial property owners to cover 50% of the April, May, and June rent payments for eligible small business tenants. The relief can be applied retroactively. Under the program, the tenant would pay at most 25% of rent, and the landlord must forego at [...]

CFAA-FRPO Lobbying Success for Mixed-Use Landlords2020-05-25T17:18:43-04:00

COVID-19 Relief Updates and Reminders

2020-05-11T16:30:30-04:00

COVID-19 Relief Updates and Reminders This e-Newsletter addresses three sets of benefits for tenants, and four which may be available to some landlords. Canada Emergency Response Benefit (CERB) Landlords may want to make sure tenants know they need to reapply every four weeks. CFAA understands that many applicants received eight weeks worth of benefits in mid-April: four weeks to cover March 15 to April 11, and four weeks covering April 12 to May 10. Those tenants will need to apply again now to obtain their benefit for the period May 11 to June 6. Landlords with outstanding rent arrears [...]

COVID-19 Relief Updates and Reminders2020-05-11T16:30:30-04:00

Commercial Rent Assistance open to some mixed-use buildings

2020-05-06T16:06:59-04:00

Commercial Rent Assistance open to some mixed-use buildings The federal government has created the Canada Emergency Commercial Rent Assistance program (CECRA) to help small businesses and commercial landlords. The government has reached an agreement in principle with all provinces and territories to implement the program. CECRA will be of interest to landlords with commercial properties, or with properties with a commercial component. (However, in Ontario, the commercial component of each property must be at least 30%. Whether that is 30% by area or by rent, or either, is not clear.) Provided the amount of the commercial use meets the tests, [...]

Commercial Rent Assistance open to some mixed-use buildings2020-05-06T16:06:59-04:00

CFAA Awards Applications due in 2 weeks!

2020-04-21T13:19:57-04:00

CFAA Awards Applications due in 2 weeks! The CFAA Rental Housing Awards Program is accepting applications! The deadline for applications is Monday, May 4 at midnight. If you are interested in applying, but don't expect to be able to meet the deadline, due to COVID-19 related issues (employee illness, no access to materials due to the office being closed, etc), please reach out to us ASAP, so we can help accommodate you as best we can. We strongly encourage companies to nominate any employee, company or marketing plan that has demonstrated excellence during the COVID-19 crisis. The crisis may not [...]

CFAA Awards Applications due in 2 weeks!2020-04-21T13:19:57-04:00

Financial Help for Landlords and Tenants

2020-04-17T13:05:08-04:00

Financial Help for Landlords and Tenants In the month up to April 15, the federal government received six million requests for financial help from Canadians who have lost all of their employment or self-employment income due to COVID-19, and in particular the business shut downs imposed to delay the spread of the virus. Until April 5, Canadians could really only apply for Employment Insurance (EI), and 2.5 million people did. On Monday, April 6, the website opened for applications. The CERB website received close to 3.5 million claims. According to the government, most of those claimants have received their initial funds (for four or [...]

Financial Help for Landlords and Tenants2020-04-17T13:05:08-04:00

Help for your tenants to pay their rents

2020-04-07T15:10:47-04:00

Help for your tenants to pay their rents The information stated here is believed to be accurate at April 7, 2020. The program details may change at any time. The federal government introduced the Canada Emergency Response Benefit (CERB) on March 25, 2020. The CERB is to be managed by the Canada Revenue Agency (CRA). It will take the form of a payment of $500 per week to workers who have lost income because of the COVID-19 pandemic. The amount is taxable, but no tax will be deducted at source. In government-speak, “workers” include employees and the self-employed, [...]

Help for your tenants to pay their rents2020-04-07T15:10:47-04:00

Rental management businesses now more limited in Ontario

2020-04-03T19:03:45-04:00

Rental management businesses now more limited in Ontario On April 3, the Ontario Government has reduced the businesses which are deemed to be essential and which can therefore stay open. Non-essential businesses need to close by midnight on Saturday, April 4. The aspects of maintenance, repair and property management which are essential are those strictly necessary to manage and maintain the safety, security and essential operation of residential properties and buildings. Therefore, rental management businesses are legally allowed to continue their operations and keep their offices open for those purposes. Note: CFAA will continue to serve our members remotely through email and telephone. [...]

Rental management businesses now more limited in Ontario2020-04-03T19:03:45-04:00

CFAA Awards Program eligibility has been extended!

2020-03-30T15:20:26-04:00

CFAA Awards Program eligibility has been extended In addition to the extension of the CFAA Awards program application deadline to May 4, 2020, CFAA has decided to extend the eligibility period for ALL AWARDS. The eligibility period will be extended to include April 2020, making the new eligibility period September 2018 to April 2020. This will allow for some COVID-19 related nominations to be accepted this year, rather than waiting for 2021. For more details about the deadline extension, please click here. To access more information about the Awards Program, please click here. If you have any questions or concerns, please feel free [...]

CFAA Awards Program eligibility has been extended!2020-03-30T15:20:26-04:00

CFAA Awards Program is still on!

2020-03-30T15:20:36-04:00

CFAA Awards Program is still on As the CFAA Awards Program is conducted completely online, it will continue for 2020, despite COVID-19 concerns. However, we understand that many people are working from home, and may not have access to all the files they need to complete their applications. As a result, we are extending the deadline for applications to Monday, May 4. Additionally, as a precautionary measure due to COVID-19, this year's Rental Housing Awards WILL NOT include an Awards Dinner. Winners will still be acknowledged on CFAA's communications, website and Twitter, and will still receive a trophy. We are looking into ways to do a [...]

CFAA Awards Program is still on!2020-03-30T15:20:36-04:00

CMHC and tenant advocates say tenants should pay their rents if they can

2020-03-25T14:57:19-04:00

CMHC and tenant advocates say tenants should pay their rents if they can This morning, CBC News published an article about the need for tenants to pay their rent, if they are able to. Evan Siddall, President & CEO of CMHC, released the following tweets on March 21, which the articles quotes: Please share widely: compassionate relief of mortgage and rent payments is NOT an amnesty nor an opportunity to save money. We must all pay our bills wherever we can. Leave relief to those who need it! [view tweet] Like hoarding toilet paper or sanitizer, not paying your mortgage or [...]

CMHC and tenant advocates say tenants should pay their rents if they can2020-03-25T14:57:19-04:00