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

Tree protection advisory committee members appointed in Langley Township

Volunteers will provide guidance on protection, preservation, and planting of trees in township

Eric Woodward Foundation takes over management of Fort Langley Cranberry Festival

Annual Thanksgiving event was cancelled for 2020 due to the ongoing coronavirus pandemic

VIDEO: Fall storm hits Langley, leaves hundreds without power

Risk of thunderstorm remain in Thursday forecast

Rivers could rise rapidly as heavy rains hit Lower Mainland

Larger rivers to reach peak levels on Thursday or into Friday, according to high streamflow advisory

Langley4Langley food bank fundraiser extends deadline to Sept. 30

Participants can log activity online and take part in 10 km virtual fun run in Derby Reach

Vanderhoof’s Brian Frenkel takes on top job in tough times

We can get through this, new local government leader says

Mounties cleared by watchdog in fatal shooting of man with schizophrenia in Maple Ridge

Kyaw Din was killed by the RCMP during a mental health incident in August 2019

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Local councils important, Horgan says as municipal conference ends

B.C. NDP leader says ‘speed dating’ vital, online or in person

Penticton woman sentenced to one year in prison for manslaughter of teen boyfriend

Kiera Bourque, 24, was sentenced for manslaughter in the 2017 death of Penticton’s Devon Blackmore

Increased border enforcement curbs cross-line parties at Peace Arch State Park

Gatherings between U.S. and Canadian citizens ‘a daily carnival’ – resident

B.C. Green leader says NDP abandoning environmental plan

Horgan’s claim of unstable government false, Furstenau says

Most Read