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No rent increases until next summer, province says

11/11/2020

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The provincial government is freezing rent increases until July 10, 2021. The move extends the measure implemented in March through the Emergency Program Act and COVID-19 related Measures Act.
 
The rent freeze helps people who have lost income during the pandemic and are struggling to cover basic costs. However, it potentially burdens landlords who are facing rising costs because of inflation, maintenance or insurance increases.
 
Commercial Rent Relief
Businesses struggling to pay commercial rent can access the Canada Emergency Rent Subsidy (CERS). It replaces the poorly implemented Canada Emergency Rent Assistance (CECRA) program that was rolled out in the early stages of the pandemic.
 
The new program covers up to 65% of rent until Dec. 19, 2020 and, unlike CECRA, does not place liability and 25% of the program costs on landlords.
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us