COVID-19: Collaboration with the Government
Information related to the efforts to mitigate the outbreak of COVID-19 is constantly evolving. First and foremost, we recommend REALTOR® members follow the guidelines and precautions set by Canada’s public health authorities. See Health Canada’s website for comprehensive coverage.
In ongoing discussions with government officials from various departments and agencies, we continue to emphasize the unique challenges facing REALTORS® as economic measures to support self-employed Canadians and small businesses are considered. The result of these advocacy efforts since the emergence of COVID-19 are captured below.
The full list of measures announced by the government today is available here. It is expected the House of Commons will be recalled next week to pass the emergency economic measures.
While all the details of the various programs announced today are not yet available, the Governor of the Bank of Canada concluded today’s press conference with the assurance that “if people need the support, they will get it.” We will continue to monitor the evolution of these programs and continue to advocate on behalf of REALTORS®.
Canada’s six largest banks also announced financial relief for Canadians impacted by the economic consequences of COVID-19, including up to a six-month payment deferral for mortgages and the opportunity for relief on other credit products.
If you have any questions, our Government Relations team remains available to members and board and association staff.