The program is expected to launch in mid-May. CMHC will be administering the program, and is working carefully on the program parameters. We are hearing a lot from both landlords and tenants about the operationalization of that program. We've heard from many landlords that they find it's a great opportunity. Otherwise they would have been faced, perhaps, with tenants being able to pay nothing, those who have been deemed non-essential forced to close or have significant revenue decline. They look at this as an opportunity to help weather this crisis.
On May 4th, 2020. See this statement in context.