8.6 C
New York
Thursday, July 29, 2021
Home Canadian News N.W.T. government rejects call for moratorium on commercial evictions

N.W.T. government rejects call for moratorium on commercial evictions

The Northwest Territories government has finally responded to a call for a moratorium on commercial evictions, but the answer is not what businesses were hoping for.

The initial call for a moratorium came from the Canadian Chamber of Commerce in a May 1 letter to all provincial and territorial premiers. When it did not hear back, the N.W.T. Chamber of Commerce issued a follow up letter a week later.

Both groups say closures ordered in response to the COVID-19 pandemic have choked off the revenues of small businesses, which need the moratorium until businesses start receiving funding from federal support programs, including funding announced on Wednesday.

In an email to its members Tuesday, the N.W.T. chamber says it finally received a response from Premier Caroline Cochrane on Sunday. The premier said her government will not block commercial evictions mainly because that would require changes to the Landlord Tenancies Act “and that the GNWT [government of the Northwest Territories] has faith that landlords will not be evicting tenants right now,” according to the chamber.

In a response sent to the premier on Tuesday, the chamber said it is not always reasonable to count on the generosity and understanding of landlords, particularly the big ones that own much of the commercial space in Yellowknife.

Large anchor tenants in Yellowknife allow commercial landlords to tolerate empty store fronts, says the Yellowknife Chamber of Commerce. (Walter Strong/CBC)

“The reality is that a majority of landlords in the N.W.T. are multinational REITs who have anchor tenants, the GNWT, in their buildings,” noted the chamber. “Thus having a few spaces sit empty has zero effect on their bottom line, as proven with the vacancy that continues to sit in the Centre Square Mall.”

Last week a chamber official said they are not aware of any business owners in the N.W.T. facing eviction due to non-payment of rent.

The chamber is asking the government to reconsider its position on a moratorium.

“The business community is feeling very dismissed by the GNWT during this time, and this decision will only fuel that perspective,” it said in the email.

Source link

Today news
Today News 1 runs four of the western GTA’s most influential media websites, offering news, food, lifestyle and entertainment coverage for millions to the Golden Horseshoe and GTA regions. The independently-run, online news source was founded in 2019 and specializes in everything from breaking news to food and restaurant, arts and entertainment and lifestyle coverage.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Matt Damon on his new film, Stillwater, and why there’s ‘no diplomacy’ between him and Ben Affleck

People like Matt Damon. Whether he's playing Jason Bourne, Mr. Ripley, Private Ryan or Will Hunting, Damon is an actor that moviegoers are...

It took over a year for cross-border concertgoers to finally see ticket refunds

Luc Noel and Bronwen Stenger had separate plans to attend concerts in Michigan, and each bought tickets before the pandemic began. Neither anticipated it...

ZZ Top bassist Dusty Hill dies in his sleep at 72

ZZ Top bassist Dusty Hill, one of the Texas blues rock trio's bearded figures, died at his Houston home, the band announced Wednesday....

Animated children’s series Arthur to end in 2022

After almost 25 years in production, beloved animated series Arthur will debut its final season in winter 2022. In an email statement...

Recent Comments