[November 26, 2020]

Dear Customers,

After weeks of speculation, the federal government recently released the Commercial Emergency Rent Subsidy (CERS) program details, their replacement for the Canada Emergency Commercial Rent Assistance (CERCA) program.

One of the most significant differences between the two programs is that the tenant applies directly for CERS. You can apply for the program by visiting https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy/cers-how-apply.html.

We have summarized some of the key points of the program below. A complete overview of the program can be found on the Government of Canada’s CERS website by visiting https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html.

What you need to know about CERS:

  • Canadian businesses, non-profit organizations, or charities that have seen a decline in revenue because of the pandemic may be eligible
  • CERS has three separate claim periods
    • September 27 to October 24, 2020 – open now
    • October 25 to November 21, 2020 – upcoming
    • November 22 to December 19, 2020 – upcoming
  • The program is designed to provide support for commercial rent from September 27, 2020, until June 2021
  • The subsidy will be provided directly to tenants that qualify
  • The federal government has developed a calculator that can you determine your potential subsidy amount. You can access it at https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy/cers-calculate-subsidy-amount.html#h-3.
  • The subsidy must be used to help with rent that was already paid or will be paid within 60 days of receiving it

For more information, review the content on https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html, or reach out to your Portfolio Manager.

COVID-19 Updates

[May 22, 2020]

Dear Customers,

We are now over two months into the COVID-19 pandemic, and many of the provinces are starting their re-opening phases. From a federal perspective, Prime Minister Trudeau announced the Canada Emergency Commercial Rent Assistance (CERCA) on April 24, with the application process set to begin on Monday, May 25, 2020, at 8:00 AM ET.

An overview of the CERCA program can be found on the Canada Mortgage and Housing Corporation’s (CMHC) website, by clicking here.

Once the application process has launched, we will begin to consider participation requests and work with our tenants to compile the information required in order to determine eligibility.  Please contact your Portfolio Manager with any questions.

[March 31, 2020]

Dear Customers,

With the COVID-19 pandemic continuing to evolve, we wanted to thank you for your continued support as we all work together to flatten the curve. Skyline continues to operate on a business as usual basis, albeit remotely.

Over the last week, the federal and some provincial governments have released information about relief coming for business owners. Most recently, Prime Minister Justin Trudeau announced the following on March 27:

  • To help small businesses, the federal government launched the Canada Emergency Business Account. Through this, banks will soon offer $40,000 loans that will be guaranteed by the government. For those that qualify, the loan could be interest-free for the first year, with up to $10,000 of it forgivable if it is repayed by December 31, 2022.
  • Previously announced payroll subsidies are increasing from 10% to 75%. These subsidies are backdated to March 15, 2020.
  • GST and HST payments, as well as duties and taxes on imports, are deferred until June.
  • Export Development Canada and the Business Development Bank of Canada have $12.5 billion in support to help small and medium businesses with cash flow requirements

For more information on these, and other federal programs, please click here.

For province-specific information, connect with your provincial government:

British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec

Should you have any questions or concerns, please contact Maria Duckett, Vice President, Skyline Commercial at 519-826-0439 ext. 226.

[March 16, 2020]

Dear Customers,

Over the weekend, the Federal and Provincial governments have made further recommendations to reduce the spread of COVID-19 (Coronavirus). With the new information, Skyline has taken some additional steps to ensure the health and safety of our tenants, our staff, and the greater communities we serve.

New Action from Skyline:

  • Remote working for staff – As of Tuesday, March 17, all staff will be working remotely. We have taken the steps required to make sure staff members are fully accessible from their remote work locations to ensure we can continue to operate and provide the service that you expect from Skyline.
  • Suspension of non-essential occupied unit service – Building staff will only be conducting essential service in occupied units. All non-essential service will be postponed until further notice.
  • Updated essential services – We are working with our suppliers to determine if there will be any change to essential building services (e.g. snow removal, garbage pickup, recycling pickup). We will let you know of any changes to these services as we become aware of them.

What Skyline will continue to do:

  • Enhanced cleaning procedures – Property Management staff will increase the frequency of cleaning with a disinfectant in all common area high contact points (such as elevator buttons and door handles).
  • Increased communications – We will keep you up to date on the latest news as the pandemic evolves. Information will be shared on our websites (SkylineCommercial.ca; SkylineRetail.ca; SkylineOnline.ca), our social media channels, and via email.

Please remember to:

  • Wash your hands thoroughly – Make sure to wash your hands before and after you touch your face, eat or drink, prepare food, cough, or sneeze. Be sure to wash your hands for a minimum of 20 seconds.
  • Follow us on social media – Follow our Twitter account @SkylineGrp (https://twitter.com/SkylineGrp) for the latest information.
  • Closely monitor your health for COVID-19 symptoms – Symptoms are similar to a regular cold or flu (fever, cough, difficulty breathing).
  • Self-isolate – If you experience any COVID-19 symptoms, isolate yourself, contact your local Public Health Authority, and notify your employer.

Should you have any questions or concerns, please contact Maria Duckett, Vice President, Skyline Commercial at 519-826-0439 ext. 226.

[March 13, 2020]

Dear Customers,

As the COVID-19 (Coronavirus) pandemic continues to evolve, Skyline is taking steps to ensure the health and safety of our tenants, our staff, and the greater communities that we serve. We have reviewed and enhanced our policies and procedures in an effort to reduce further spreading of the virus, and to ensure that we will be available to provide you with the exceptional service you have come to expect from Skyline, with minimal disruption.

What Skyline is doing:

  • Enhanced cleaning procedures – Property Management staff will increase the frequency of cleaning with a disinfectant in all common area high contact points (such as elevator buttons and door handles).
  • Increased communications – We will keep you up to date on the latest news as the pandemic evolves. Information will be shared on our websites (SkylineCommercial.ca; SkylineRetail.ca; SkylineOnline.ca), our social media channels, and via email.
  • Remote working for off-site staff – Skyline is prepared to support a remote workforce for all off-site employees. We will continue to operate and provide the service that you expect from Skyline.

What you can do:

  • Wash your hands thoroughly – Make sure to wash your hands before and after you touch your face, eat or drink, prepare food, cough, or sneeze. Be sure to wash your hands for a minimum of 20 seconds.
  • Follow us on social media – Follow our Twitter account @SkylineGrp (https://twitter.com/SkylineGrp) for the latest information.
  • Closely monitor your health for COVID-19 symptoms – Symptoms are similar to a regular cold or flu (fever, cough, difficulty breathing).
  • Self-isolate – If you experience any COVID-19 symptoms, isolate yourself, contact your local Public Health Authority, and notify your employer.

Should you have any questions or concerns, please contact Maria Duckett at 519-826-0439 ext 226.

Skyline Covid 19 Awareness Poster

Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Retail REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.