Retail

B.C. prohibits CECRA-eligible landlords from evicting tenants

REMI Network

B.C. invokes terms for CECRA-eligible landlords

The move is in step with one of three recommendations the Canadian Federation of Independent Business is promoting to support businesses dealing with COVID-19-triggered financial stress.
Mississauga Gateway Centre

REMI Network

Mississauga Gateway Centre welcomes two new buildings

Construction is complete on two new buildings at Mississauga Gateway Centre, a class-A office and retail complex.
Alberta commercial landlords and tenants invited to respond to survey on COVID-19 related financial stresses

Canadian Property Management

Alberta polls commercial landlords and tenants

The Alberta government is surveying commercial landlords and business tenants about their COVID-19-related financial stresses.
CECRA applicants can follow CMHC instructions to prepare documentation ahead of registration

Canadian Property Management

CECRA applicants urged to prepare documentation

Potential participants can begin to prepare ahead of registration opening next week, following instructions that have been posted on Canada Mortgage and Housing Corporation’s website.
Solid pre-pandemic fundamentals underpin Canadian real estate market

Canadian Property Management

Solid pre-pandemic fundamentals buttress market

Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
Canadians now fill half of BOMA International executive officer positions

Canadian Property Management

Details of CECRA program rollout still emerging

The CECRA program is voluntary. Not all eligible landlords will necessarily take advantage of this program for various reasons.
Bring Back Main Street

REMI Network

CUI starts “Bring Back Main Street” campaign to help businesses

The Canadian Urban Institute, along with a growing coalition of partners, has launched the Bring Back Main Street campaign to help small businesses.
Commercial leasing specialists flag some potentially cumbersome details in commercial rent relief program

Canadian Property Management

Vague or cumbersome details flagged in OCECRA

Commercial leasing specialists suggest landlords may prefer to stick with rent deferral agreements they have already negotiated.
Rent relief program targeted to mortgage commercial properties

Canadian Property Management

CECRA tied to mortgaged commercial properties

Commercial landlords must agree to reduce rents by 75 per cent and halt evictions for April, May and June. In turn, CMHC will channel the forgivable joint federal-provincial loan directly to their lenders.
Prime Minister Trudeau pledges commercial rent assistance

Canadian Property Management

Commercial rent assistance pledged

The envisioned loan program for commercial property owners would enable them to provide small business tenants with rent discounts or forgiveness for the months of April, May and June.
rent deferrals could transfer burden for GST/HST remittances to landlords

Canadian Property Management

Deferrals should address GST/HST remittances

Tax specialists are reminding commercial landlords that rent deferrals could have flow-through implications for required GST/HST remittances to the Canada Revenue Agency.
convenience retail channel supports daily life during COVID-19 upheaval

Canadian Property Management

Convenience retail channel steps up to crisis

A vast network of small and mid-sized businesses support the continued functioning of daily life in Canada.
multifamily and retail stability on the CRE priority list

Canadian Property Management

Multifamily and retail stability on priority list

Some of Canada’s most prominent commercial real estate players are tackling the challenge of COVID-19, asset class by asset class.
retail

Canadian Property Management

Community mall operator unveils CRU relief plan

Small tenants in 12 of North American Development Group’s community shopping centres may be eligible to defer rent obligations for up to two months.
North American retailers deal with temporary closure of stores

Facility Cleaning & Maintenance

Temporary closure phase-down tips available

A North American facilities management association for retailers with multiple locations is marshalling resources to assist with a spate of store shutdowns.
retail tenants

REMI Network

Quebec retail tenants granted support

Ivanhoé Cambridge will be granting rent deferral to retail tenants in its Quebec shopping centres in order to relieve their financial burden.
COVID-19 fallout

Canadian Property Management

Real estate suffers uneven COVID-19 fallout

Market analysts foresee a varying degree of short-term and long-term impacts among real estate asset types, as well as supply chain interruptions that could slow activity at construction sites and in the booming distribution/warehouse sector.