Prime Minister Justin Trudeau Promises to Extend CERB amid Potential Second Wave

Prime Minister Justin Trudeau Promises to Extend CERB amid Potential Second Wave

    June 18, 2020


    Justin Trudeau announced that the federal government will extend the Canadian Response Benefit (CERB). Launched in April, the CERB will pay out to Canadians suffering from lose of work, or unable to work due to COVID-19 $2000 dollars every four-week period up to 16 weeks. For many peoples that applied on day 1, it is due to end early July. The details and requirement have changed but will be announced in a later day adapting to the “current context”.

    Upon the re-opening of our economy, more workers have returned to work and the numbers of applicant continuing to re-apply CERB has reduced significantly from the initial eight million plus application from Canadians taking up the wage subsidy program. Many applicants also returned their CERB wage subsidy for reasons such as mistakenly claiming CERB, finding work during CERB period etc. The situation is forward looking.

    The government’s projected budget also reduced from $73 billion to $45 billion. As of June 8, the program has paid out only $10.5 billion in wage subsidy. Trudeau is encouraging “all employers – please use the wage subsidy if you haven’t already. This help is designed for you and your employees.”

    Amid a potential second way, it will be difficult for the economy to return to pre-crisis level of operation. COVID-19 business protocol continues to hurt business revenue resulting in business reducing employee count. Despite economy is recovering, we need to keep helping those in need.

    Trudeau also announced that government will start accepting new application for the Canada Emergency Business Account (CEBA) starting Friday. The program has expanded program eligibility to include sole proprietors and farmers. The program offers government-backed loans of up to $40,000 interest-free until the end of 2022. It will forgive 25% of the loan if paid back on time.

    Yoyoe Lu

    Founder and managing principal

    Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

    Ashley Osborn

    Development Site and Investment Specialist

    Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

    Patricia Wong Chong

    Investment and Leasing Specialist

    Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

    Schumann Li

    Land Assembly & Residential Specialist

    Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

    Wendy Kaip

    Sales Associate

    Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

    Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

    Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

    Simon Chan

    Managing Broker

    Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

    Frank Zhou


    As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.