This month, we have rounded up resources and information that we feel will be helpful for you to continue to navigate these uncertain times. We’d like to also take this time to remind you that we are here to help you and have put together a series of resources that can assist you.
For Mortgage Rate Information, click HERE.
For Canada’s Economic Response Plan, Click HERE.
For Mortgage Deferral Information, Click HERE.
Now, onto this month’s Fast Five:
Real Estate Predictions
While we are not 100% sure as to what the future holds for the Real Estate market, we have put together a comprehensive look at what could happen. To read more, click HERE.
Canada Emergency Commercial Rent Assistance (CERCA)
The government is offering to lower rent for commercial leases by 75%. This benefit applies to businesses that pay less than $50,000/month in rent, and have temporarily ceased operations or have experienced at least 70% drop in pre-COVID revenues. This benefit is not available yet, but expected to be announced by mid-may.
Canada Emergency Student Benefit (CESB)
This new benefit applies to students who are unable to find full-time employment or are unable to work due to COVID-19. They are eligible to receive up to $1,250/month. To learn more, click HERE.
Canada Emergency Business Account (CEBA)
This benefit is for businesses who have been impacted by COVID-19. Loans are available up to $40,000. Businesses must have paid between $20,000 to $1.5 million in payroll in 2019. To learn more, click HERE.
GLM Mortgage Group is Here to Help!
GLM Mortgage Group is still operating and we are well equipped to continue servicing our clients at this time. Our team works remotely which means that we can follow public health prevention recommendations while staying 100% dedicated to our customers.