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Beginning in the fall of 2019, many strata owners in British Columbia saw their insurance premiums jump between 50% and 700% from the previous year, along with similar increases in their insurance deductibles. Although garnering less attention than the insurance crisis in the residential strata market, commercial landlords and tenants are also seeing significant ...

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Posted in Real Estate

On May 29, 2020, the B.C. Minister of Public Safety and Solicitor General issued Ministerial Order No. M179 (the “Order”) which has broad sweeping implications for numerous commercial tenancies in the Province. The preamble to the Order outlines one of the purposes of the Order which is that “measures are needed to prevent the eviction of small business tenants” ...

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Posted in Real Estate

Further to our previous blog post, additional information has been provided by the Canada Mortgage and Housing Corporation (CMHC) regarding the Canada Emergency Commercial Rent Assistance Program (CECRA). Details of this information can be viewed here

Recapping our previous post, under the voluntary program, loans will be provided to qualifying commercial ...

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Posted in Real Estate

Further to our previous blog post, Prime Minister Trudeau announced today further details regarding the Canada Emergency Commercial Rent Assistance Program (CECRA). Details of the announcement can be viewed here.  

Under the voluntary program, loans will be provided through Canada Mortgage and Housing Corporation (CMHC) to qualifying commercial landlords to cover 50 ...

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Posted in Real Estate

Prime Minister Trudeau announced today that the Canadian government is working with the provinces and territories to develop a national program to provide support to help small businesses with their rent for the months of April, May and June. Mr. Trudeau and his provincial and territorial counterparts will hold a telephone meeting on Thursday evening to further discuss ...

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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups. 

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