A lease sign hangs in the window as a cyclist walks past a commercial store Monday August 31, 2020 in Ottawa. The federal government is expanding the life of commercial rent-relief program one last time. THE CANADIAN PRESS/Adrian Wyld

Liberals extend commercial rent-relief program for last time

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses

The federal government is extending its commercial rent-relief program one last time.

The Liberals say the program that aims to help small businesses with their rent or lease costs will be extended for this month, unveiling the details one week after rent was due.

In a release, the government says the one-month lifeline is a “final extension” for the program and that officials are looking at other options to help small businesses.

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses, and also requires landlords to waive a further one-quarter of what they’d otherwise be owed.

Property owners have to apply for the help, but take-up has lagged expectations and spending is projected to fall far short of the nearly $3 billion the Liberals have budgeted.

The government says that as of the start of this week, the program had provided over $1.32 billion in aid to more than 106,000 small-business tenants.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

CRIME STOPPERS: ‘Most wanted’ for the week of Sept. 20

Crime Stoppers’ weekly list based on information provided by police investigators

Citing stability, B.C. Premier calls snap election for Oct. 24

John Horgan meets with Lieutenant Governor to request vote

Surrey South MLA says premier’s decision to call a snap election is self-serving

‘This is not what anybody needs right now,’ Stephanie Cadieux said

COVID-19 exposures at Surrey schools: An updated list

Fraser Health has created a new webpage listing COVID-19 cases in schools

‘Tacky’ White Rock Pier lights spark criticism

Alternating colours most evenings, lightshow must stop, says resident

COVID-19: 4 more deaths, 366 new cases in B.C. since Friday

A total of 8,208 people in B.C. have tested positive for COVID-19 since January

Neighbour’s quick actions save dogs and home in Chilliwack townhouse fire

Neighbour heard fire alarm and called 911 and rescued dogs from unit on fire

First full day of B.C.’s election campaign begins amid COVID-19 pandemic

B.C. Liberal Leader Andrew Wilkinson and the Green party’s Sonia Furstenau criticized John Horgan’s decision

RCMP issue two $2,300 COVID fines at same Metro Vancouver vacation rental within 24 hours

Cpl. Mike Kalanj said it was ‘quite frankly appalling’ to see parties breaking COVID-19 rules

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Here’s how voting amid a pandemic will happen in B.C.

Elections BC has worked with the provincial health office to determine safety protocols for voting

B.C. privacy commissioner will hear First Nations complaints about COVID

The hearing will rely on written submissions from the Indigenous governments as well as the Ministry of Health

Majority of Canadians support wearing masks during COVID-19, oppose protests: poll

Nearly 90 per cent felt wearing a mask was a civic duty because it protects others from COVID-19

Most Read