Ms. Xiaoyi Yan (Director, Budgetary Analysis, Office of the Parliamentary Budget Officer) at the Government Operations and Estimates Committee

On January 27th, 2021. See this statement in context.

January 27th, 2021 / 5:55 p.m.

Xiaoyi Yan Director, Budgetary Analysis, Office of the Parliamentary Budget Officer

I do have some numbers here—as far as we know.

The previous rent subsidy program, CECRA, as of now, has provided about $2 billion in loans to about 65,000 landlords. This represents about 2.7 million in rents receiving a 75% subsidy. It represents about $1 in $10 of Canada's $54 billion in annual rents being subsidized during that period.

The recent CERS and the lockdown support provided $704 million in subsidies to about 94,000 unique businesses across Canada. Because of the variable subsidy rate, the rents subsidized are very difficult to be known.

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