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Rent relief extension welcome, but changes needed

9/9/2020

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The federal rent relief program for commercial properties has been extended, though there continues to be concerns raised about how it was rolled out — and what comes next.
 
For many businesses that have been able to access Canada Emergency Commercial Rent Assistance (CECRA), the program has been a lifeline through the pandemic. Extending relief until the end of September will help. However, as the weather cools and revenues begin to fall, many restaurants and storefront retailers are wondering how they will survive.
 
The Chamber, along with our chamber network across the country, is calling on the federal government to rethink its approach to commercial rent relief. Rent is one of the biggest costs for many businesses and this is an area that government can provide real help. A new program is also required for the many businesses that needed help but couldn't access CECRA because of its complexity or landlords who were unwilling to shoulder risk and revenue loss.
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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
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • 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